News Centre

ISDA Appoints EBRD Treasurer To Board Of Directors

Date 14/09/2016

The International Swaps and Derivatives Association, Inc. (ISDA) has announced the appointment of Axel van Nederveen, Treasurer of the European Bank for Reconstruction and Development (EBRD), to its Board of Directors.

FINRA Fines Ameriprise Financial Services, Inc. $850,000 For Failing To Supervise The Transmittal Of Funds From Customer Brokerage Accounts - Office Manager Took $370,000 From Own Family’s Brokerage Accounts

Date 14/09/2016

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Ameriprise Financial Services, Inc. $850,000 for failing to detect the conversion of more than $370,000 from five customer brokerage accounts by one of its registered representatives. Ameriprise failed to adequately investigate red flags associated with nine third-party wire requests, including that the funds were being transmitted to a business bank account associated with an Ameriprise representative. The conversion went undetected for two years because Ameriprise failed to establish and enforce a supervisory system reasonably designed to adequately monitor the transmittal of funds from customer accounts to third parties, including those controlled by registered representatives of the firm. After Ameriprise discovered the misconduct, it paid restitution, plus interest and related fees, to the customers. FINRA barred the representative in June 2014.

European Commission: Completing The Capital Markets Union – Commission Accelerates Reform

Date 14/09/2016

"Imagine a Finnish start-up that cannot get a bank loan. Right now, the options are limited. The Capital Markets Union will offer alternative, vital sources of funding to help start-ups get started – business angels, venture capital, market financing." – President Juncker, State of the Union 2016

London Stock Exchange Group Board Appointment

Date 14/09/2016

London Stock Exchange Group plc (LSEG) today announces that Andrea Munari will step down from the Board of London Stock Exchange Group plc ( “the Board”)  and that Andrea Sironi will join the LSEG plc Board as a Non-Executive Director, on 1 October 2016

First Analysis In Tel Aviv Stock Exchange's Analysis Project – Edison, The International Equity Research Firm, Publishes Nano Dimension's Analysis - Analyses Of 10 More Companies Expected To Be Published In Upcoming Weeks

Date 14/09/2016

Hong Kong's Securities And Futures Commission Reprimands And Fines HSBC $2.5 Million For Regulatory Breaches

Date 14/09/2016

The Securities and Futures Commission (SFC) has reprimanded and fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) $2.5 million for regulatory breaches and internal control failings related to position limit failures.

Shenzhen Stock Exchange Market Bulletin 12 September, 2016, Issue 32

Date 14/09/2016

According to a document published by the People's Bank of China (PBOC) and State Administration of Foreign Exchange (SAFE), foreign investors in the country's Renminbi Qualified Foreign Institutional Investor (RQFII) program will be granted quota limits based on their aggregate assets. Previously, the RQFII quota was subject to approval from financial regulators. Institutions will still have to apply for extra investment quotas, with sovereign wealth funds and central banks exempt from such restrictions.

European Parliament Throws Out Standards That Would Hit High Street Investors

Date 14/09/2016

The European Parliament has rejected – for the first time – a set of technical standards that could have hurt high street investors.

ACER Publishes Updated Q&As On REMIT

Date 14/09/2016

The Agency recently published the 18th edition of REMIT Questions and Answers, which contains the most up-to-date information concerning REMIT policy issues.
 

Ebury Increases Customer Base 50% In Partnership With Avoka’s Digital Onboarding Platform - Ebury Also Sees Lending Volumes Boosted By 2.5x

Date 14/09/2016

Ebury, the UK based fintech company, has increased its customer base by 50% in the last year, as well as seeing its lending volumes boosted by more than 2.5x. This rapid growth has been fuelled by its partnership with Avoka, the leader in digital customer acquisition for financial services companies.