News Centre

Non Egyptian Investors Record Purchase Of EGP 770 Million During Today's Midday Trading Session

Date 11/10/2018

Within the framework of the ongoing cooperation between the Egyptian Exchange (EGX) and the Financial Regulatory Authority (FRA) to develop the trading mechanisms and raise the market’s efficiency, EGX will begin on Sunday, to implementation of two decisions taken by EGX Board of Directors after FRA’s approval. The decision are to reduce the trading halt of shares to a maximum of 10 minutes and to allow the margin trading and same day trading on the new shares of an IPO.

TMX Explores Important Market Linkages With China - Senior TMX Group Leaders Meet With Chinese Officials To Advance Efforts To Establish Global Access Hub To Chinese Bond Market

Date 11/10/2018

TMX Group senior executives were in China this week to meet with Chinese government officials and business leaders to further relationships in the region and TMX Group's client-focused global growth strategy.

Remarks Of CFTC Commissioner Rostin Behnam At The Bipartisan Policy Center, Reference Rate Reform: Impact On The Economy and Consumers

Date 11/10/2018

Introduction

Thank you for the kind introduction. I want to thank the International Swaps and Derivatives Association (ISDA), and the Bipartisan Policy Center for hosting this important event and giving me an opportunity to participate and share my views.  As long as I have worked in Washington, I have relied on BPC’s consensus driven, bipartisan solutions, which in many respects can themselves be considered benchmarks, for policymakers. Before I begin my remarks, please allow me to remind you that the views I express today are my own and do not represent the views of the Commodity Futures Trading Commission (the CFTC or Commission) or my fellow Commissioners.

Moscow Exchange: Risk Parameters Change On Securities Market

Date 11/10/2018

CCP NCC is changing risk parameters on Securities market for the following bond starting from October 18, 2018:

SEC Stops Fraudulent ICO That Falsely Claimed SEC Approval

Date 11/10/2018

The Securities and Exchange Commission today announced that it has obtained an emergency court order halting a planned initial coin offering (ICO), which backers falsely claimed was approved by the SEC. The order also halts ongoing pre-ICO sales by the company, Blockvest LLC and its founder, Reginald Buddy Ringgold, III. 

Bloomberg L.P. Names Mary Schapiro Vice Chair For Public Policy And Special Advisor To The Founder And Chairman

Date 11/10/2018

Ms. Schapiro, who has had a distinguished career as a financial services regulator under four U.S. presidents from both political parties, will oversee Bloomberg’s public policy and regulatory priorities globally.

United Kingdom Parliament Treasury Committee Update: Committee Sets Out Expectations For Bank Of England And FCA’s Brexit Analysis

Date 11/10/2018

Rt Hon. Nicky Morgan MP, Chair of the Treasury Committee, wrote to the Governor of the Bank of England, Chief Executive Officer of the Financial Conduct Authority (FCA) and the Chancellor of the Exchequer in June, asking them to produce and publish an analysis of the impact of the Brexit Withdrawal Agreement and future framework, once it has been negotiated.

EU Adopts Tougher Rules On Money Laundering

Date 11/10/2018

The Council today adopted a new anti money laundering directive. This directive introduces new criminal law provisions which will disrupt and block access by criminals to financial resources, including those used for terrorist activities.

EEX Group Sets New Daily Record In Freight Futures

Date 11/10/2018

On the 10th October, EEX Group set a new daily record in Freight Futures with a total of 2,235 lots traded, which resulted in an overall market share of 16%.

New York State Department Of Financial Services Fines Mashreqbank And Its New York Branch $40 Million For Violations Of New York Anti-Money Laundering And Recordkeeping Laws - DFS Examinations Found Multiple Deficiencies In The Bank’s Compliance With Anti-Money Laundering Laws And Office Of Foreign Asset Controls Regulations - Bank Must Hire Third-Party Consultant To Address Compliance Deficiencies And Review Transaction Clearing Activity

Date 11/10/2018

Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services has fined United Arab Emirates-based Mashreqbank PSC and its New York branch $40 million for violations of U.S. Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) laws in the New York branch’s U.S. dollar clearing operations.  Under a consent order announced today Mashreqbank must also immediately hire a third-party compliance consultant to oversee and address deficiencies in the branch’s compliance function, including compliance with BSA/AML requirements, federal sanctions laws and New York law and regulations. The bank must also hire a third party “lookback consultant” to conduct a review of the branch’s transaction clearing activity for April 2016 to September 2016, along with other remedial actions. The consent order stems from examinations by DFS and the Federal Reserve Bank of New York (FRBNY).