acquisition
September 14, 2018 BY Valentina Kirilova

Payments provider Klarna acquires Close Brothers Retail Finance

The payment provider Klarna Bank AB (Klarna) has just announced that it is acquiring Close Brothers Retail Finance (CBRF) from UK merchant banking group Close Brothers Group plc (Close Brothers). Michael Rouse, Chief Commercial Officer of Klarna: We are delighted to welcome CBRF to Klarna, the complementary talents and propositions will help accelerate Klarna’s leadership…

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fca warning clone firm
September 14, 2018 BY Valentina Kirilova

FCA warns against UK Insurance clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm UK Insurance. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…

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Euronext
September 14, 2018 BY Valentina Kirilova

Euronext announces annual review results of the CAC family indices

Pan-European exchange operator Euronext has announced the results of the annual review of the CAC® family indices. The changes following the review will be effective from Monday 24 September 2018. Results of the Annual Review CAC 40® Index: Inclusion of: Exclusion of: Dassault Systemes Solvay In accordance with section 5 of the rules. CAC® Next…

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cysec cif license
September 14, 2018 BY Valentina Kirilova

CySEC withdraws CIF license of Gobaba FX Cy Ltd

Cyprus financial regulator Cyprus Securities and Exchange Commission (CySEC) has made another announcement today regarding the withdrawal of the CIF license of a company called Gobaba FX Cy Ltd. The complete text of the regulator’s decision can be seen below: Announcement date: 13.09.2018 CySEC Decision date: 10.09.2018 Regarding: Gobaba FX Cy Ltd Legislation: The Investment…

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Regulation
September 14, 2018 BY Valentina Kirilova

ASIC commences civil penalty proceedings against ANZ

Australian regulator ASIC has today commenced civil penalty proceedings in the Federal Court of Australia against Australia and New Zealand Banking Group Limited (ANZ) for an alleged continuous disclosure breach in relation to a $2.5 billion institutional share placement undertaken by the ANZ in 2015. On 6 August 2015, ANZ issued a release to the…

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New Broadridge portal automates and transforms the MBS Trade Assignment Process
September 14, 2018 BY Valentina Kirilova

Financial services turn to FinTech partnerships for next wave of investment

Financial services companies are prioritizing collaboration and direct engagement with FinTechs, particularly for payments technology, according to a new report by law firm DLA Piper - Digital Transformation in Financial Services. 61% OF FINANCIAL SERVICES BUSINESSES PLAN TO COLLABORATE WITH FINTECHS TO IMPROVE SERVICES 41% PRIORITIZING INVESTMENT IN PAYMENTS TECHNOLOGY APIs AND OPEN BANKING MOST…

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Pepperstone office
September 14, 2018 BY LeapRate Staff

Exclusive: Pepperstone hires senior ASIC lawyer Peta Stead as Head of Compliance

LeapRate Exclusive... LeapRate has learned that Melbourne based global FX brokerage group Pepperstone has hired Peta Stead as the company’s new Group Head of Compliance and Operations Risk. Peta will be responsible for the leadership of the compliance team and also provide strategic direction for the business within the context of the evolving global regulatory landscape.…

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FCA warning
September 14, 2018 BY Valentina Kirilova

FCA warns against Manaia and Partners firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Manaia and Partners. The Financial Markets Authority (FMA) has already issued a warning to the same company earlier this year. Manaia and Partners is not authorised…

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