News Centre

CFTC Orders Wells Fargo Bank, N.A. To Pay A $400,000 Penalty For Inaccurate Large Trader Reports For Physical Commodity Swaps Positions

Date 27/09/2016

The U.S. Commodity Futures Trading Commission (CFTC) today filed and simultaneously settled charges against Wells Fargo Bank, N.A. (Wells Fargo) for failing to comply with its obligations to submit accurate large trader reports (LTRs) for physical commodity swap positions, in violation of Section 4s(f)(1)(A) of the Commodity Exchange Act (CEA) and CFTC Regulations 20.4 and 20.7. Wells Fargo has its main office in Sioux Falls, South Dakota, and has been provisionally registered with the CFTC as a Swap Dealer since December 31, 2012.

Dubai Financial Market Market Holiday - Hijri New Year 1438

Date 27/09/2016

On the occasion of Hijri New Year 1438, DFM will be closed on Sunday 2nd October 2016 and work shall resume on Monday 3rd October 2016.

The Egyptian Exchange: Muslim New Year (Hegria 1438) Holiday

Date 27/09/2016

It’s decided that the 1st day of the month of Muharram (Hegria 1438) will be a holiday at EGX due to Muslim New Year celebration. Trading will be resumed next working day after vacation.

Amman Stock Exchange: Sunday A Public Holiday To Celebrate Lunar New Year

Date 27/09/2016

According to a communiqué issued by Prime Minister to all ministries and public departments on the occasion of the lunar New Year (Islamic Hijri Calendar). Accordingly the Amman Stock Exchange (ASE) will observe a holiday on Sunday Oct 2, 2016.

Bilateral Margining Driving New Member Activity At ForexClear

Date 27/09/2016

• 10 entities have increased or commenced activity in the last 6 months
• ForexClear now has 24 members of the service
• Over $100bn in notional cleared last week, the largest week since service’s inception in 2012

Accuity Unveils Next Generation Of Assurance Services To Provide More Sophisticated Control In Sanctions Operations And Better Assurance For Compliance Professionals

Date 27/09/2016

Accuity, the leading global provider of financial crime compliance solutions, is developing the next generation of assurance services with policy management capability to help compliance professionals respond to increased regulatory scrutiny for transparency, traceability and auditability. The new service will provide compliance leaders with oversight, control and assurance over their screening systems, which will support their agile decision making as well as empower them to address regulators’ questions regarding live and past configuration of their screening filters.

Better Finance: Fees Take A Big Bite Out Of Real Returns Of EU Long-Term Savings

Date 27/09/2016

Whereas the European Supervisory Authorities (ESAs) have a legal duty to collect, analyse and report data on “consumer trends” in their respective fields, the unfortunate reality is that long-term and pension savings remain one of the few retail services where neither the customers nor the public supervisors are properly informed about the real net performance of the services rendered.

Federal Reserve Vice Chairman Stanley Fischer, At The Convocation For The Department Of Economics, Howard University, Washington, D.C., September 27, 2016, Why Study Economics?

Date 27/09/2016

I am very pleased to visit today with the students and faculty of the Howard University Economics Department. First, a fact that you know but others may not: The Howard University Economics Department is the only producer of economics Ph.D.'s among the nation's historically black colleges and universities, and it has been teaching economics to undergraduates for nearly a century.

SEC: Oil Services Company Paying $140 Million Penalty For Accounting Fraud

Date 27/09/2016

The Securities and Exchange Commission today announced that oil services company Weatherford International has agreed to pay a $140 million penalty to settle charges that it inflated earnings by using deceptive income tax accounting.  Two of the company’s senior accounting executives at the time have agreed to settle charges that they were behind the scheme.

Borsa Italiana: World Bank Issues Two Fixed Rate Bonds On EuroMOT - World Bank Issued Two Bonds For A Total Value Of About €9,5 Million

Date 27/09/2016

World Bank today listed two fixed rate bonds on EuroMOT with a combined value of about €9,5 million. Bonds are issued in South African Rand currency (ZAR), with a coupon rate of 6.60%, and in Brazilian Real (BRL) currency, with a coupon rate of 7.60%, and they are valid until the 26  September 2019.