News Centre

DBS Bank Singapore Receives Approval To Issue Letters Of Credit For Trading On Dubai Mercantile Exchange

Date 29/06/2015

The Dubai Mercantile Exchange (DME) today announced that the DBS Bank’s Singapore office has been approved to issue Letters of Credit (LCs) for trading crude oil on the Exchange. DBS is the first Singapore bank to receive such approval and will be able to issue LCs directly from Singapore on behalf of its clients to guarantee deliveries of Oman crude oil through the DME.

Qatar Stock Exchange: Trading Suspension In The Shares Of Vodafone On Tuesday, June 30, 2015 Due To The Company’s AGM And EGM Held On That Day

Date 29/06/2015

Qatar Stock Exchange announces the trading suspension on Vodafone Qatar shares on Tuesday, 30 June 2015 due to its AGM and EGM being held on that day.

Dubai Financial Services Authority: Notice Of Consultation Paper Release

Date 29/06/2015

The DFSA has released the following for Consultation:

Consultation Paper No. 101 – Proposed Miscellaneous Amendments

Consultation Paper No. 102 – Property Funds and Money Market Funds

The NICE Actimize “Customer Due Diligence Market Survey” Finds 61 Percent Of Financial Institutions Are Impacted By CDD/KYC Regulatory Changes - Data Quality And Availability, And Reliance On Manual Processes, Were Highlighted As Among The Institutions’ Greatest Operational Challenges

Date 29/06/2015

NICE Actimize, a NICE Systems (NASDAQ:NICE) business and the largest and broadest provider of financial crime, risk and compliance software for the financial services industry, has found that 61 percent of financial institutions are affected by Know-Your-Customer (KYC) regulatory changes and have noted an impact on their compliance operations in a number of areas, according to a new market survey it conducted. 

Perseus Deploys Fastback Networks To Enable High Speed Connectivity In Obstructed Urban Areas

Date 29/06/2015

Fastback® Networks today announced that Perseus, a leading global provider of managed services for high-precision, high-speed connectivity, has successfully deployed the Fastback Intelligent Backhaul Radio™ (IBR) to extend fiber based services via wireless connectivity with full SLA support to a top financial services firm. The site location for the deployment is surrounded by fully obstructed Non-Line-of-Sight (NLOS) conditions in the restricted confines of lower Manhattan. With 7Hello60 Mbps aggregate throughput in NLOS, Perseus’ IBR deployment is delivering fiber-equivalent performance and reliability to fully meet SLAs in conditions not normally conducive to wireless.

Greece: European Parliament Political Leaders And European Commission President Juncker To Meet Today At 14:15

Date 29/06/2015

An extraordinary meeting of the Conference of Presidents (EP President and political group leaders) will take place today, Monday 29 June, to discuss the latest developments concerning Greece. Commission President Jean-Claude Juncker will also join the discussion.

Japan’s Financial Services Agency: The Fifth Meeting Of The Working Group On Financial Group Of The Financial System Council

Date 29/06/2015

The Working Group on Financial Group of the Financial System Council will hold its fifth meeting on July 29th, 2015 as follows.

Better Finance's Letter To Commissioner Hill: "The Proclaimed Focus On EU Citizens As Savers And Individual Investors Must Be Translated Into The Priorities For Action On The Capital Markets Union"

Date 29/06/2015

Better Finance sent today a letter to Lord Jonathan Hill, Commissioner for Financial Stability, Financial Services and Capital Markets Union, expressing its concerns on the upcoming Capital Markets Union Action Plan and the involvement of retail investors in this initiative.

Hellenic Republic Prime Minister Alexis Tsipras’ Speech To Parliament Regarding The July 5th Referendum

Date 29/06/2015

Ladies and gentlemen Members of Parliament,

Today’s meeting has historical significance. I could take time to answer the Leader of the Opposition, but I don’t think it makes any sense to do so—given the important historical nature of the issue before us. A petty confrontation would serve no purpose. There isn’t a single Greek citizen who’s not familiar with your [the Opposition’s] actions and their consequences, your motivation to leave office–and had you remained, the measures you would of signed for: totaling not eight, but sixteen billion euro in cuts, based on the primary surpluses that had been determined by the institutions, at 3% and 4.5%.

China Construction Bank And Euroclear Sign MoU To Foster Offshore RMB Growth

Date 29/06/2015

Euroclear Bank, the Brussels-based international central securities depository (ICSD), and China Construction Bank (CCB) have today signed a Memorandum of Understanding (MoU) to further develop the offshore Renminbi (RMB) capital market.