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Realising The Benefits Of Purposeful Leadership - Speech By Jonathan Davidson, Director Of Supervision – Retail And Authorisations At The FCA, Delivered At The CCTA 2018 Conference, Nottingham

Date 01/11/2018

Key points

• The consumer credit sector has demonstrated a lot of positive change in recent years. Nonetheless, regulatory change will continue as long as we continue to find evidence of considerable harm to consumers.
• Consumer outcomes are driven by the purpose underlying a firm’s business model and culture. A firm with a good purpose will perform a stocktake of all their business activities and product lines and eliminate anything that is not consistent with their purpose, even activities that are profitable.
• Leadership is vital in ensuring a firm’s purpose is the right one and setting the tone for the rest of the organisation. Defining culture is much more than a box-ticking, compliance exercise. 

SIX Swiss Stock Exchange: Sponsored Funds – Helvetische Bank Becomes New Sponsor

Date 01/11/2018

NEX And CME: Court Sanction Of The Scheme Of Arrangement

Date 01/11/2018

The boards of NEX and CME are pleased to announce that the High Court of Justice in England and Wales has today sanctioned the scheme of arrangement pursuant to Part 26 of the Companies Act 2006 (the “Scheme”) by which the recommended acquisition of NEX by Bidco and CME is being implemented.

DGCX On Track To Break Annual Volumes Record

Date 01/11/2018

The Dubai Gold and Commodities Exchange (DGCX) has traded 18.8 million contracts year-to-date (Y-T-D), up 35% year-on-year (Y-O-Y), and is on track to break its annual volumes record of 19.67 million contracts. Y-T-D Average Daily Volumes (ADV) are at an all time high, reaching 87,253 lots.

Finansinspektionen: Decision Regarding The Countercyclical Buffer Rate

Date 01/11/2018

Finansinspektionen (FI) decided on 31 October not to change the countercyclical buffer rate. The buffer rate of 2.5 per cent, which will be applied as of 19 September 2019, shall thus continue to apply. The countercyclical buffer guide is set at 0.41 per cent.

CloudMargin Appoints Daniel Schwartz Chief Information Officer - Senior Executive Brings More Than 20 Years Of Financial Products, Technology, Markets Experience To Newly Created Role

Date 01/11/2018

CloudMargin, the award-winning creator of the world's first and only collateral and margin management solution native to the cloud, announced today that Daniel Schwartz, a 20-year veteran of financial products, markets and technology leadership, has joined the firm as Chief Information Officer (CIO). Based in the New York office of the London-based company, Schwartz reports to CEO Steve Husk. 

The Saudi Arabia Capital Market Authority Signed A “Memorandum Of Understanding” With The Saudi Organization For Certified Public Accountants To Strengthen Supervision Of Audit Firms

Date 01/11/2018

Capital Market Authority (Authority) signed today a “Memorandum of Understanding” (MOU) with the Saudi Organization for Certified Public Accountants (SOCPA) to develop a cooperation framework, between the two bodies, identifying and adopting the means of tasks' coordination which aims to strengthen supervision of audit firms. The MOU was signed by the Authority’s Board member, Mr. Khalid Alsolai, and by  SOCPA Secretary General Dr. Ahmad Almeghames.

Share Subscription For IPO Of GOVECS AG Launched On The Frankfurt Stock Exchange

Date 01/11/2018

• IPO planned for 13 November 
• Deutsche Börse’s DirectPlace supports sub-scription process

Moscow Exchange Offers Sponsored Market Access On Derivatives Market

Date 01/11/2018

Moscow Exchange launched Sponsored Market Access (SMA) to its Derivatives Market to international and Russian clients of MOEX market participants.

Dubai Financial Market Celebrates The “Flag Day” – HE Essa Kazim: “This Occasion Provides An Unprecedented Example Of Loyalty Towards Our Beloved Homeland And The Astute Leadership”

Date 01/11/2018

Dubai Financial Market (DFM) today celebrated the “Flag Day”, as the UAE flag was hoisted and national anthem was played at the Trading Floor in the presence of DFM employees, investors as well as brokers.