News Centre

UK’s Financial Conduct Authority Review Finds Evidence Of Life Insurance And Advisory Firms ‘Undermining The Objectives Of The RDR’ And Consults On New Guidance

Date 18/09/2013

The Financial Conduct Authority (FCA) has published a review to find out whether firms continue to be influenced by inducements from product providers, despite the Retail Distribution Review (RDR) coming into effect in January 2013. The review published today found some life insurance firms had arrangements in place which could influence advisers, contrary to the RDR’s aim of removing commission bias in financial advice.

ICMA: European Repo Market Recovers As Banks Return To The Market For Funding

Date 18/09/2013

The European Repo Council of the International Capital Market Association (ICMA) today released the results of its 25th semi-annual survey of the European repo market. The survey, which computes the amount of repo business outstanding on 12 June 2013, sets the baseline figure for market size at EUR 6,076 billion. This represents an increase of 8.6% in the size of the market since the last survey in December 2012, (measured using a constant sample of survey respondents).

HKEx: Forfeiture Of Unclaimed Interim Dividend For 2007

Date 18/09/2013

Pursuant to the Articles of Association of Hong Kong Exchanges and Clearing Limited (HKEx), the unclaimed interim dividend for 2007 is forfeited and reverts to HKEx.

Single Dealer Platforms, Often Single-Product Focused And Complicated, Must Evolve To Meet Buyside Requirements - UBS Neo Examined As A Pioneer Of The Next Generation Of Integrated Digital Investment Banking Solutions

Date 18/09/2013

GreySpark Partners, the Capital Markets consultancy, announced today the publication of a new research report examining the state of banking platforms from the perspective of professional investors. This report, Digital Investment Banking – beyond Single-dealer Platforms, is targeted at the buyside and outlines how e-commerce in general, and single-bank platforms in particular, need to evolve to help their users adapt to a multi-asset, more transparent and regulation-heavy world.

Euroclear UK & Ireland Fund Service Attracts More Fund Managers

Date 18/09/2013

Euroclear UK & Ireland has signed up three additional leading fund managers in the UK to its investment fund service.
F&C Investments, Liontrust Fund Partners LLP and Old Mutual Global Investors have chosen to automate the full processing cycle of transactions in their funds with the UK’s central securities depository, having already worked with Euroclear UK & Ireland to automate order routing.

Iberclear Chooses SWIFT To Connect To T2S - SWIFT’s Reliability, Long-Term Commitment And Competitive Pricing For T2S Drive Iberclear’s Choice

Date 18/09/2013

SWIFT, the financial messaging provider for more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories, today announced that Iberclear, the Central Securities Depository in Spain and a BME subsidiary, will use SWIFT’s Value Added Network (VAN) solution to connect to T2S. It is also taking advantage of further value-added services from SWIFT.

TMX Atrium Increase FX Capabilities With Addition Of FastMatch

Date 18/09/2013

TMX Atrium, provider of smarter infrastructure solutions for the financial community, today announced that FastMatch has joined the TMX Atrium community.  FastMatch, a matching system of spot foreign exchange trading, has joined TMX Atrium to take advantage of the firm’s extensive North American, European and Russian coverage.

Xetra/FWB: Subscription Launch For VST Building Technologies AG Bond

Date 18/09/2013

VST Building Technologies AG is planning to list a corporate bond in the Entry Standard of the Frankfurt Stock Exchange. The bond with the ISIN DE000A1HPZD0 can be subscribed from today until 30 September, subject to early termination of subscription. It has an issue volume of up to €15 million, runs until 2 October 2019 and has an interest rate of 8.5 percent. Its nominal denomination is €1,000.

Sathit Limpongpan Elected Thai Bourse’s New Chairman

Date 18/09/2013

The Stock Exchange of Thailand’s (SET) Board of Governors agreed to elect Sathit Limpongpan the exchange’s 15th chairman, with immediate effect.

Joint Interview Of Benoît Cœuré, Member Of The Executive Board Of The ECB, And Joachim Nagel, Member Of The Executive Board Of The Deutsche Bundesbank, Conducted By Mark Schrörs Of Börsen-Zeitung On 12 September 2013 And Published On 18 September 2013

Date 18/09/2013

Dear Mr Cœuré, Dear Mr Nagel, former US Treasury secretary Henry Paulson has warned about a new financial crisis. The BIS has called it a “phenomenon reminiscent of the exuberance prior to the global financial crisis”. Are we already sowing the seeds of the next financial collapse?