News Centre

UAE's Securities And Commodities Authority: Next Sunday Is Holiday For Financial Markets To Mark Al Hijri New Year

Date 28/09/2016

Pursuant to Circular No. (32) of 2016 issued by the Federal Authority for Government Human Resources (FAHR) on Al Hijri New Year holiday for UAE ministries and federal bodies, the Securities and Commodities Authority (SCA) announced, in a press release, that Sunday, October 02, is a holiday for financial markets after having conferred with them. Trading resumes on the morning of Monday, October 03.

Small Is Beautiful But Big Is Necessary - Speech By Minouche Shafik, Deputy Governor, Markets & Banking, Bank Of England

Date 28/09/2016

​In a speech at Bloomberg’s Markets Most Influential Summit, Minouche Shafik, the Bank of England’s Deputy Governor for Markets and Banking, considers the coordination and impact of recent wide-ranging decisions by our policy committees, and the outlook for further stimulus. She concludes that while monetary policy can help the process of adjustment following the referendum, it is not the complete answer.

UK's Prudential Regulation Authority: Strengthening Accountability, Remuneration Rules And Whistleblowing

Date 28/09/2016

Today the Prudential Regulation Authority (PRA) has published a package of final rules, guidance and proposals on accountability, remuneration and whistleblowing. These give important clarity to the PRA’s supervisory approach in these areas.

SWIFT Identifies New Ways For Banks To Simplify Payment Routing Data - New Paper Outlines Opportunities To Rationalise Bics And Centralise The Internal Routing Of Payments

Date 28/09/2016

SWIFT today announces the publication of a new paper discussing opportunities for banks to streamline their internal routing practices. The paper highlights how some banks used the transition to SEPA as an opportune moment to simplify their internal routing practices – and how upcoming initiatives may present similar opportunities.

Dubai Financial Market: Market Holiday - Hijri New Year 1438

Date 28/09/2016

On the occasion of Hijri New Year 1438, DFM will be closed on Sunday 02/10/2016 & work shall resume on Monday 03/10/2016.

UK’s Financial Conduct Authority Proposes New Measures To Maintain Firms’ Focus On Culture

Date 28/09/2016

The Financial Conduct Authority (FCA) will mark six months since the implementation of the Senior Managers’ and Certification Regime by providing feedback on implementation so far and proposing measures to further strengthen the regime. The proposed rules will reinforce the importance of individual accountability at the most senior level of organisations.

London Metal Exchange To Implement Charge-Capping As Final Part Of Warehouse Reforms Package

Date 28/09/2016

The London Metal Exchange (LME) today announces its intention to introduce caps on maximum rates charged by LME-registered warehouses following a market-wide consultation. This is the final part of the three-year-long warehouse reform programme designed to enhance the LME’s warehouse network and to ensure that it fully serves the requirements of the global metals market.

Securities Commission Malaysia Reprimands And Fines Executive Directors For Causing Wrongful Loss

Date 28/09/2016

Securities Commission Malaysia (SC) has reprimanded and imposed penalties on two executive directors of Dufu Technology Corporation Bhd (Dufu) for causing wrongful loss to the company.

UK's Financial Conduct Authority Approves New CISI Level 4 Financial Planning & Advice Exam Confirming Pathway To Global CFP Certification

Date 28/09/2016

The FCA this week has approved the new CISI level 4 Financial Planning & Advice exam, confirming it meets the needs of employees advising on retail investment products and friendly society tax-exempt policies (FCA activities 4 and 6) when taken as part of the CISI’s Investment Advice Diploma (IAD).

Startupbootcamp Launches FinTech Accelerator Program In India As Part Of Emerging Markets Expansion

Date 28/09/2016

• ICICI Bank, ICICI Lombard, RBL Bank, AZB & Partners and PwC join as founding institutions in program’s expansion to India market, following success in London, New York and Singapore