News Centre

FinTech Hive Reports Significant Increase In The Number Of Applications For Its 2018 Edition

Date 11/07/2018

• Over 300 applications were created in 2018, compared to over 100 applications in 2017
• Diverse international geographies represented in the applications, including UK, India, USA and Nigeria
• Number of financial institution partners has doubled to 22, with number of programme participants increased from 11 to 15
• Over 25% of applicants are UAE-based, in line with the Centre’s efforts to support the UAE National Innovation Strategy

SIFMA Supports H.R. 6323, Legislation To Protect Senior Investors From Financial Exploitation

Date 11/07/2018

SIFMA released the following statement in support of H.R. 6323, the National Senior Investor Initiative Act of 2018, which passed the House Financial Services Committee today. H.R. 6323 would create a “Senior Investor Taskforce” within the Securities and Exchange Commission charged with identifying problems senior investors encounter, including financial exploitation and cognitive decline, and identifying regulatory changes that could help senior investors.

Thomson Reuters Uses AI To Increase Personalization For Financial Professionals On Its Financial Desktop Platform, Eikon

Date 11/07/2018

•  Clients can now use proprietary push delivery module to create personalized research, news, events and data from across the Thomson Reuters universe.
• AI Algorithm identifies significant company news including earnings, mergers, acquisitions, product launches, controversies, and incorporates news sentiment, top news, and most read articles into one digestible newsletter.

Family-Owned Roche Bobois Lists On Euronext Paris

Date 11/07/2018

Euronext today welcomed Roche Bobois, an international pacesetter in high-end furniture and French art de vivre, to celebrate its listing on Euronext Paris.

Whistleblower Attorney Explains How Proposed Changes To SEC Whistleblower Program Will Undermine Deterrence

Date 11/07/2018

On June 29, 2018, the U.S. Securities and Exchange Commission (“SEC”) announced proposed amendments to the rules governing its successful whistleblower program.  This announcement received immediate criticism from whistleblower advocates as well as two of the five SEC Commissioners who oppose the amendments.

ESMA Consults On The Clearing Obligation Under EMIR

Date 11/07/2018

The European Securities and Markets Authority (ESMA) has today published a Consultation Paper (CP) on the Clearing Obligation under EMIR. The CP deals with an amending draft RTS regarding the treatment of intragroup transactions with a third country group entity. ESMA’s consultation seeks stakeholders’ views on a proposed extension of the temporary intragroup exemption and is open for feedback until 30 August 2018.

SEC Issues Agenda For July 16 Meeting Of The Fixed Income Market Structure Advisory Committee

Date 11/07/2018

The Securities and Exchange Commission today released the agenda for the July 16 meeting of the Fixed Income Market Structure Advisory Committee.  The Commission established the advisory committee to provide a formal mechanism through which the Commission can receive advice and recommendations on fixed income market structure issues.

Municipal CUSIP Request Volume Climbs For Fourth Straight Month - Corporate Equity And Debt Issuance Decline In June

Date 11/07/2018

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for June 2018. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, found a fourth straight monthly increase in requests for new municipal bond identifiers, while CUSIP request volume for  corporate equity and debt decreased in June. This is suggestive of steady improvement in municipal issuance and continued volatility in corporate issuance for the second half of 2018.

Moscow Exchange: Risk Parameters Change On Securities, FX And Derivatives Markets

Date 11/07/2018

CCP NCC is changing IM rates on Securities market starting from July 16, 2018 for the following shares:

SEC Files Additional Charges In Fitbit Stock Manipulation Scheme

Date 11/07/2018

The Securities and Exchange Commission today filed fraud charges against a second defendant in connection with a scheme to manipulate the price of Fitbit securities through false regulatory filings.