News Centre

UK’s Financial Conduct Authority: Payday Lender Dollar To Provide £15.4 Million Redress To Over 147,000 Customers

Date 26/10/2015

Dollar Financial UK (Dollar), trading as The Money Shop, Payday UK, Payday Express and Ladder Loans has agreed with the Financial Conduct Authority (FCA) to refund over £15.4 million to 147,000 customers, who may have suffered detriment as a result of the firm’s affordability checks, debt collection practices and systems errors.

Cordium Triumphs At The HFM US Hedge Fund Services Awards

Date 26/10/2015

Cordium, a leading global provider of compliance consulting, accounting, tax and software to the financial securities industries, has been named Best Advisory Firm (Regulation and Compliance) at the HFM US Hedge Funds Services Awards. The accolade completes the global set for Cordium following its success at the HFM Asia Fund Services awards where it took the title of Best Advisory Firm (Client Service), having previously been named Best Advisory Firm (Regulation and Compliance) and Best Independent Platform (Mirabella) at the European ceremony.

UK’s Financial Conduct Authority Bans Magnus Michael Peterson From The Financial Services Industry

Date 26/10/2015

The Financial Conduct Authority (FCA) has today banned Magnus Michael Peterson, the former head of the hedge fund Weavering Macro Fixed Income Fund Limited, from performing any function related to any regulated activity. On 19 January 2015 Mr Peterson was convicted of a range of fraud offences through his hedge fund resulting in losses to clients of approximately $536m. Mr Peterson was sentenced on 23 January 2015 to a total of 13 years’ imprisonment at Southwark Crown Court.

SGX Welcomes Perennial Real Estate Holdings Limited’s Retail Bonds

Date 26/10/2015

Singapore Exchange (SGX) today welcomed the listing of Perennial Real Estate Holdings Limited’s three-year retail bonds with a coupon rate of 4.65% per annum, payable half-yearly, on the Mainboard under the stock code, “BIOZ”.

Open Interest Of TOCOM Gold Daily Futures Exceeds 70,000 Contracts

Date 26/10/2015

The Tokyo Commodity Exchange Inc., announced today open interest of Gold Daily futures was 70,214 contracts reaching beyond the level of 70,000 contracts for the first time since its launch on May 7. 2015.

EGX Launches The Trading On Amer Group Shares After Its Division

Date 26/10/2015

The Egyptian Exchange (EGX) starts trading on Amer Group shares after division into 2 companies, Amer Group Holding - Amer Group (the dividing company) and Porto Group Holding - Porto Group (the divided company) on Thursday, October 22, 2015, after the company met all of the listing requirements.

Scipion Capital Boosts Senior Team As Growth Continues

Date 26/10/2015

Scipion Capital (“Scipion”), the international commodity trade finance investment manager, today announces three new senior hires to further strengthen its legal division, on-the-ground operations and corporate governance.

Banks Dramatically Accelerate Client Onboarding With Alacra Compliance Messaging Service

Date 26/10/2015

Alacra Inc., an Opus Global company, and the leading provider of compliance and reference data solutions for financial institutions, corporations and professional service firms, has today announced the launch of the enhanced Alacra Compliance Messaging Service (ACMS) at the AMLP European Conference. ACMS is an advanced suite of web services that lowers the cost of compliance by helping financial firms develop efficient, effective and fully integrated compliance workflows.

World Economic Forum: Fintech Companies Hold Key To $2 Trillion SME Funding Gap

Date 26/10/2015

• Fintech companies could provide much needed relief for SMEs, helping to close a $2 trillion funding gap for SMEs worldwide, says new World Economic Forum white paper
• Global Agenda Council on the Future of Finance & Capital report that investment into fintech businesses quadrupled to $12 billion in 2014, up from $4 billion in 2013
• While many fintech start-ups are in the US and UK, hubs have sprung up in emerging countries as well
• Read the paper here: http://wef.ch/fintech15  
• Information on the Summit on the Global Agenda 2015 is available here: http://wef.ch/gac15

New Sukuk Listings In Dubai In 2015 Reach 12.75 Billion US Dollars - International Finance Corporation (IFC) Rings Bell To Celebrate Listing Of 100 Million Dollar Sukuk On Nasdaq Dubai

Date 26/10/2015

• Sole listing  underlines Dubai’s position as global leader for Sukuk
• IFC will use funds to support activities by private sector clients