News Centre

Finansinspektionen’s View On Automated Investment Advice

Date 22/02/2017

It is likely that automated services will play a greater role on the financial market. Finansinspektionen (FI) views an online market with simplified investment advice as a step in the right direction in terms of achieving an independent market for investment advice that reaches a wide number of consumers.

Saudi Stock Exchange: Panel Discussions On Numo-Parallel Market And Its Role In Supporting National Economy

Date 22/02/2017

The Saudi Stock Exchange “Tadawul” is to organize Nomu-Parallel Market Launch Event next Sunday the 26th of February in Riyadh, in partnership with the Capital Market Authority and the Small & Medium Enterprise Authority.

Global Pipes – Challenges For Systemic Financial Infrastructure - Speech By Sir Jon Cunliffe, Bank Of England, Deputy Governor, Financial Stability, Member Of The Monetary Policy Committee, Member Of The Financial Policy Committee And Member Of The Prudential Regulation Committee

Date 22/02/2017

Press release

In a speech at the Official Monetary and Financial Institutions Forum on Wednesday, Sir Jon Cunliffe examines three challenges facing international financial market infrastructure: operational risk, in particular cyber risk; prudential risk, and the regulation and supervision of cross-border infrastructure.

Checkyourfund.eu Goes Live – Results Of Closet Indexing Study Now Searchable Online

Date 22/02/2017

A little more than a week ago, Better Finance announced the results of its replication of the ESMA investigation into Closet Indexing. Following up on this announcement, today Better Finance launches www.checkyourfund.eu, allowing stakeholders and individual investors to go through the results of the research and, in some cases, find out whether their investments are potentially falsely active according to the ESMA criteria. The database of the 2332 available funds is easily searchable by simply entering a fund’s ISIN code. 

Cinnober Is Investigating The Possibility To Carry Out A Directed Share Issue In The Amount Of Approximately SEK 100 Million

Date 22/02/2017

Cinnober Financial Technology Aktiebolag (publ) (“Cinnober”) has commissioned Skandinaviska Enskilda Banken AB to investigate the possibility to carry out a directed new issue of shares in the amount of approximately SEK 100 million, subject to the approval of an Extraordinary General Meeting.

Federal Reserve Board Announces Annual Adjustment To The Asset-Size Threshold In Regulation I

Date 22/02/2017

The Federal Reserve Board on Wednesday announced the annual adjustment to the asset-size threshold in Regulation I that determines the dividend rate that certain member banks earn on their Federal Reserve Bank stock. The updated total consolidated asset threshold is $10,122,000,000.

Cinnober Publishes Year-End Report And Plans To Raise Capital To Finance Initiative In Real-Time Clearing For Banks

Date 22/02/2017

Today, after the close of the exchange, Cinnober Financial Technology Aktiebolag (publ) (“Cinnober”) will publish its year-end report for 2016. As announced on November 9, 2016, Cinnober has resolved to increase its focus on sales of technology and services for real-time clearing for banks, so-called client clearing, through a separate subsidiary for these operations (the “Subsidiary”). Cinnober now intends to raise capital for this initiative by investigating the possibility for a directed share issue of approximately SEK 100 million and using this capital to invest in the Subsidiary.

NEO Exchange: BlackRock Canada Opens The Market

Date 22/02/2017

BlackRock Asset Management Canada Limited (“BlackRock Canada”), including Head of iShares, Warren Collier, joined Jos Schmitt, President and Chief Executive Officer, Aequitas NEO Exchange Inc. (“NEO Exchange”), to open the market to launch select iShares exchange-traded-funds (ETFs). BlackRock Canada is a global leader in investment management, risk management and advisory services for institutional and retail clients. The select iShares ETFs migrated from the Toronto Stock Exchange and commenced trading on the NEO Exchange on February 22, 2017. The launched ETFs include common units and advisor class units of the following iShares Funds: iShares Canadian Fundamental Index ETF (CRQ, CRQ.A); iShares Emerging Markets Fundamental Index ETF (CWO, CWO.A); iShares International Fundamental Index ETF (CIE, CIE.A); iShares Japan Fundamental Index ETF CAD-Hedged (CJP, CJP.A), and; iShares US Fundamental Index ETF (CLU, CLU.A, CLU.B, CLU.C).

MGEX Has Top 25 Volume Day

Date 22/02/2017

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), had a total volume of 18,555 on Tuesday which is the 24th best day in its history.

UK's Financial Conduct Authority And Canada's Ontario Securities Commission Sign Co-operation Agreement To Support Innovative Businesses

Date 22/02/2017

Under a new Co-operation Agreement (Agreement), innovative FinTech businesses in Ontario and the United Kingdom will be able to seek support from their financial regulators as they seek to operate in the other’s market.