News Centre

Equities Seen As Most Popular Asset Class For Next Three Months - NN Investment Partners

Date 11/08/2015

• Over a third (34%) of institutional investors prefer to invest in equities
• Healthcare viewed as the most attractive sector, selected by more than half of respondents

ASIC Suspends Retail OTC Derivative Licence After Change Of Control

Date 11/08/2015

ASIC has suspended the Australian financial services (AFS) Licence of retail OTC derivative provider Australian Capital Markets Advisory Services Pty Ltd (ACMAS).

The UK Financial Conduct Authority Censures The Co-Operative Bank For Listing Rules Breaches And Failing To Be Open With The Regulator

Date 11/08/2015

The Financial Conduct Authority (FCA) has issued a public censure against The Co-operative Bank plc (Co-op Bank) for breaching its Listing Rules.  The Listing Rules require issuers to ensure that information published is not misleading so that investors can make fully informed decisions.

SGX Comments On Noble Group Limited’s 10 August Announcements

Date 11/08/2015

Noble Group Limited today released several announcements including the PricewaterhouseCoopers LLP (PWC) review of mark-to-market (MTM) valuation of commodity derivatives and recommendations for further improvements.

FinTech Start-Ups Driving Digital Transformation Are Disintermediating ‘Analog-Era’ Banking And Capital Markets Firms: TABB Research - Digitization Seen Leading To Industry-Wide Reduction In Net Headcount, Shift To New Staffing Skillsets; C-Suite Leadership Seen As Critical For Change

Date 11/08/2015

Traditional banking and capital markets firms have remained largely impervious to the digital revolution. However, as fintech start-ups have become a white hot area of interest and investment, there has been a massive tectonic move within the more traditional financial markets ecosystem to catch up and compete with these new digital-era entrants, threatening to disintermediate large, “analog-era” banking and capital markets business.

Statement On The Importance Of Clarity In Commission Orders, Commissioner Luis A. Aguilar, U.S. Securities And Exchange Commission[*]

Date 11/08/2015

This statement is about the critical importance of clarity in Commission Orders for enforcement actions. One of the Commission’s most effective deterrents against future misconduct is what it says about the enforcement actions it takes. As a result, the Commission must use its position as a regulatory authority to carefully and effectively send clear messages to securities industry participants regarding what is, and what is not, acceptable behavior. For this reason, Commission Orders need to contain sufficiently detailed facts so that there is no doubt as to why the Commission brought an enforcement action, why the respondent deserved to be sanctioned, and why the Commission imposed the sanctions it did.

DTCC’S Producer Management Portal (PMP) Adds New Insurance Carriers To Platform

Date 10/08/2015

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that Transamerica, New York Life, Great American and Prudential have adopted DTCC’s Insurance & Retirement Services’ (I&RS) Producer Management Portal (PMP) solution, and Nationwide is targeting a go-live date in September. PMP is a centralized online platform that helps the insurance industry manage and demonstrate compliance with agent training as required by the various states in accordance with the National Association of Insurance Commissioners’ (NAIC) 2010 Model Regulation.

Federal Reserve Board Clarifies Regulation II Regarding The Inclusion Of Transaction-Monitoring Costs

Date 10/08/2015

The Federal Reserve Board on Monday clarified Regulation II (Debit Card Interchange Fees and Routing) regarding the inclusion of transaction-monitoring costs in the interchange fee standard.

Saudi Arabia's Capital Market Authority: Imposition Of A Fine On Altayyar Travel Group And Referral Of A Suspicion Of Violating Article (49) Of The Capital Market Law And Article (7) Of The Market Conduct Regulations To The Bureau Of Investigation And Public Prosecution

Date 10/08/2015

The Capital Market Authority announces the issuance of a CMA Board resolution to impose two fines in total of SR 200,000 (Two Hundred Thousand Saudi Riyals) on Altayyar Travel Group due to its violation of clause (A) of Article (46) of the Capital Market Law and clause (A) of Article (41) of the Listing Rules. The company failed to inform CMA and the public about extending its contract with the Ministry of Education which was later announced on 15/03/2015. 

Guggenheim Partners Investment Management LLC Settles Charges It Failed To Disclose Conflict To Clients

Date 10/08/2015

The Securities and Exchange Commission today announced that Guggenheim Partners Investment Management LLC has agreed to settle charges it breached its fiduciary duty by failing to disclose a $50 million loan that one of its senior executives received from an advisory client.