News Centre

Improving Information For Investors In The Digital Age, SEC Commissioner Kara M. Stein, New York, NY, Oct. 23, 2018, Address At The Council Of Institutional Investors 2018 Fall Conference

Date 23/10/2018

Thank you, Ken [Bertsch], for that kind introduction. I would like to start out by thanking the Council of Institutional Investors for inviting me to speak with you. It is a pleasure to be here.

I last spoke to you in May 2014 about “Building Momentum.” At the time, I was a rookie Commissioner. Now, I stand before you after five years as a Commissioner and over 5,700 votes under my belt. It has been an amazing time to be on the Commission, and I’ve learned a great deal about what matters to both companies and investors. Today, I’d like to share with you some of my thoughts borne from my experience. Specifically, my thoughts on how the Commission should improve disclosure to investors in the Digital Age.

Royal Gazette Bermuda, Scott Neil, Assistant Business Editor:- BSX CEO : Shift Happening In Crypto Exchanges

Date 23/10/2018

While traditional stock exchanges and crypto exchanges have not melded together, Greg Wojciechowski senses a shift happening with digital exchanges moving towards more traditional exchange models “but with a modern flair”.

Slides From Governor, Bank Of England Mark Carney's Speech At The Machine Learning And The Market For Intelligence Conference, University Of Toronto - AI And The Global Economy

Date 23/10/2018

Slides from Mark Carney's speech at Rotman School of Management, University of Toronto.

AI and the Global Economy - slides

Office Of The Comptroller Of The Currency Assesses $100 Million Civil Money Penalty Against Capital One

Date 23/10/2018

The Office of the Comptroller of the Currency (OCC) recently assessed a $100 million civil money penalty against Capital One, N.A., and Capital One Bank (USA), N.A. for deficiencies in the bank’s Bank Secrecy Act/Anti-Money Laundering program.

ETFGI Reports Assets Invested In The Global ETF/ETP Industry Extend Lead Over Hedge Fund Industry As Gap Widens To US$1.75 Trillion At The End Of Q2 2018

Date 23/10/2018

ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed globally amounted to US$4.99 trillion at the end of Q2 2018, following net inflows of US$85.47 billion and market moves during the period. The Global Hedge Fund industry saw assets rise to a record US$3.24 trillion, despite net outflows of US$3.0 billion over the quarter, buoyed by positive market moves, according to ETFGI’s Q2 2018 Global ETF and ETP industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.) 

How The Danske Bank Money-Laundering Scheme Was Uncovered By A Whistleblower - Danske Bank Whistleblower Highlighted In WSJ Danske Bank Expose´ - Whistleblower Attorney Demand Protection From Denmark And Estonia Government

Date 23/10/2018

A report in today’s Wall Street Journal  details how a British trader in Danske Bank’s Estonia office uncovered what some are calling  largest money-laundering scandal in world banking history.  The feature article describes British banker Howard Wilkinson’s five-year journey to bring an end to this large-scale corruption. 

SEC Announces $23.8 Million Settlement With The Self-Proclaimed “Frack Master”

Date 23/10/2018

The Securities and Exchange Commission today announced it has agreed to a settlement with Christopher A. Faulkner—the self-proclaimed “Frack Master”—in connection with his wide-ranging securities-fraud scheme that raised over $80 million from hundreds of investors nationwide. Faulkner has simultaneously entered into a plea agreement relating to the same misconduct under which he will serve 12 years in federal prison for securities fraud, money laundering, and tax evasion.

EBA Publishes Work Programme For 2019

Date 23/10/2018

The European Banking Authority (EBA) published today its detailed annual work programme for 2019, describing the specific activities and tasks of the Authority for the coming year and highlighting the key strategic areas of work from 2019 to 2021.

EGX Chairman Heads The 4th Meeting Of EGX Sustainability Committee

Date 23/10/2018

As a step forwards for EGX’s management efforts to promote for the sustainability in the market, EGX Chairman, Mohamed Farid, chaired the 4th meeting for EGX Sustainability Advisory Committee to discuss means of improving the sustainability practices and governance of listed companies.

ETFGI Reports Assets In ETFs And ETPs Listed In Latin America See Net Inflows Of US$107 Million During September

Date 23/10/2018

ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed in Latin America saw net inflows of US$107 million during September 2018. Total assets invested in ETFs and ETPs listed in Latin America decreased by 6.93%, to US$8.36 billion at the end of September, down from US$8.98 billion at the end of August, according to ETFGI’s September 2018 Latin America ETF and ETP industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.)