News Centre

HM Treasury: LIBOR Fines To Be Used To Support Military Charities And Royal Voluntary Service - Veterans, Special Forces And A Charity Supported By Jo Cox MP To Benefit From £14.4 Million Funding From Banking Fines

Date 13/07/2016

The Chancellor announced yesterday (Tuesday 12 July 2016) that 9 charities, including a cause supported by the late Jo Cox MP, will receive over £14 million funding.

UK's Financial Conduct Authority Fines Towergate And Former Director Timothy Philip For Client And Insurer Money Failings

Date 13/07/2016

The Financial Conduct Authority (FCA) has today fined Towergate Underwriting Group Limited (Towergate) £2,632,000 for failings in relation to its protection of client and insurer money. Towergate, an insurance intermediary which holds both client and insurer money, accumulated a shortfall of £12.6 million in its client and insurer money bank accounts which, due to systems and controls weaknesses, went undetected for a number of years.

Osaka Exchange: 10th Anniversary Of Nikkei 225 Mini

Date 13/07/2016

Osaka Exchange, Inc. (hereinafter “OSE”) is celebrating 10th anniversary of Nikkei 225 mini which arrives on July 18th, 2016.

Abu Dhabi Global Market And Shanghai Free Trade Zone Authority Agree On Bilateral Cooperation

Date 13/07/2016

Abu Dhabi Global Market (ADGM) and Shanghai Free Trade Zone Authority (SHFTZA) today signed a Memorandum of Understanding in Shanghai to foster collaboration and facilitate business developments in their respective markets.

TheCityUK Announces New Chief Executive

Date 13/07/2016

TheCityUK is delighted to announce the appointment of Miles Celic as its new Chief Executive. Miles will succeed Chris Cummings later this year – a date will be confirmed shortly.

June 2016: Brexit Leads To Increased Trading Activity - The Statistical Monthly Report Contains The Latest Trade And Turnover Figures For SIX Swiss Exchange

Date 13/07/2016

Trading turnover across all securities on SIX Swiss Exchange and SIX Structured Products Exchange Ltd climbed to CHF 118.1 billion in June 2016. This represents a rise of 29.7% compared with the preceding month. This increase was also reflected in the number of trades, which were up 29.1% on the previous month at 4'369'335.

Osaka Exchange: Certification Received From CFTC For TSE Mothers Index Futures

Date 13/07/2016

Osaka Exchange, Inc. (OSE) is pleased to announce that the U.S. Commodity Futures Trading Commission (CFTC) has certified under CFTC Rule 30.13 that TSE Mothers Index Futures may be offered or sold to U.S. persons, at the end of CFTC business day of July 11, 2016 (U.S. EDT).

ESMA Updates Risk Dashboard Following UK Referendum

Date 13/07/2016

The European Securities and Markets Authority (ESMA) risk assessment has changed as a result of the outcome of the UK referendum on EU membership.

Noor Bank Rings Bell To Celebrate Listing Of A USD 500 Million Tier 1 Sukuk On Nasdaq Dubai - Listing Underlines Dubai’s No. 1 Position Globally For Sukuk At USD 44.56 Billion

Date 13/07/2016

• 11^th Sukuk listing in Dubai this year reflects active market for issuers and investors 
• Listing reinforces Dubai’s role as the global Capital of Islamic Economy

UK’s Financial Conduct Authority Consults On Proposed Central Clearing Delay For Small Financial Counterparties

Date 13/07/2016

The Financial Conduct Authority (FCA) has today fined Towergate Underwriting Group Limited (Towergate) £2,632,000 for failings in relation to its protection of client and insurer money. Towergate, an insurance intermediary which holds both client and insurer money, accumulated a shortfall of £12.6 million in its client and insurer money bank accounts which, due to systems and controls weaknesses, went undetected for a number of years.