News Centre

Industry Veteran Michael Grecoff Leaves Cinnober To Found Start-Up DAHU Technologies

Date 30/05/2017

Michael Grecoff, Head of Americas and International Sales at Cinnober Financial Technology has left Cinnober to fully focus as co-founder and CEO of DAHU Technologies.

Autorité Des Marchés Financiers Unveils 2017-2020 Strategic Plan

Date 30/05/2017

“A proactive regulator bolstering confidence in a healthy and dynamic financial sector” is the new vision adopted by the Autorité des marchés financiers (the “AMF”) to drive the 2017-2020 Strategic Plan unveiled today."

FSB RCG For The Americas Discusses Regional Issues, Resolution, Correspondent Banking And FinTech

Date 30/05/2017

The Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Americas met in Santiago today at a meeting hosted by Banco Central de Chile.

Thomson Reuters Lipper: Central Provident Fund Investment Scheme-Included Funds Slid 3.26% In Q1 2016

Date 30/05/2017

Thomson Reuters Lipper today announced its findings on the performance of all unit trusts and investment-linked insurance products (ILPs) that are included under the Central Provident Fund Investment Scheme (CPFIS) as of 31 March 2016.

CFTC Issues Order Of Registration To Eurex Zurich AG To Permit Trading By Direct Access From The U.S.

Date 30/05/2017

The U.S. Commodity Futures Trading Commission (CFTC) announced today that it has issued an Order of Registration (Order) to Eurex Zurich AG (Eurex Zurich), a Foreign Board of Trade (FBOT) in Zurich, Switzerland. Under the Order, Eurex Zurich is permitted to provide its identified members or other participants located in the U.S. with direct access to its electronic order entry and trade matching system.

Federal Reserve Board Announces $41 Million Penalty And Consent Cease And Desist Order Against Deutsche Bank AG

Date 30/05/2017

The Federal Reserve Board on Tuesday announced a $41 million penalty and consent cease and desist order against the U.S. operations of Deutsche Bank AG for anti-money laundering deficiencies.

Federal Court In Florida Orders K.B. Concepts Group, LLC And Kelvin Burgos To Pay More Than $486,300 In Disgorgement And A Civil Monetary Penalty For Engaging In Illegal, Off-Exchange Precious Metals Transactions

Date 30/05/2017

The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Cecilia M. Altonaga of the U.S. District Court for the Southern District of Florida entered a final Order of Default Judgment (Order) against Defendants Kelvin Burgos and his company K.B. Concepts Group, LLC d/b/a Apex Asset Advisors, LLC (K.B. Concepts) for engaging in illegal, off-exchange precious metals transactions. Burgos, a resident of Florida, was the owner and principal of K.B. Concepts, which operated its metals business under the name Apex Asset Advisors, LLC. The Court’s Order stems from a CFTC civil enforcement action filed against the Defendants on September 20, 2016 (see CFTC Complaint and Press Release 7448-16).

European Council - Council Of The European Union - Capital Markets Union: Agreement Reached On Securitisation

Date 30/05/2017

On 30 May 2017, the presidency reached agreement with European Parliament representatives on proposals aimed at facilitating the development of a securitisation market in Europe. 

CFTC Extends No-Action Relief To SEFs And DCMs from Certain CFTC Regulations For Correction Of Errors

Date 30/05/2017

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight and Division of Clearing and Risk (Divisions) today issued a no-action letter extending the relief provided in CFTC Letter No. 16-58, which expires on June 15, 2017. That no-action letter provides relief from certain CFTC regulations to permit swap execution facilities (SEFs) and designated contract markets (DCMs) to correct clerical or operational errors that caused a swap to be rejected for clearing and thus become void. The no-action letter also permits SEFs and DCMs to correct clerical or operational errors discovered after a swap has been cleared.

European Council - Council Of The European Union - Capital Markets Union: Agreement On Venture Capital Rules

Date 30/05/2017

EU rules on venture capital and social enterprises are to be adjusted with the aim of boosting investment in start-ups and innovation.

On 30 May 2017, representatives of the Council and the European Parliament agreed on amendments to rules governing investment funds in this sector.