LeapRate Exclusive... The CFH Clearing fraternity runs deep. LeapRate has learned that former CFH Clearing co-founder and CEO Lars Holst has invested in, and joined the board of, Regtech firm muinmos. He was also appointed as Chairman of muinmos, and will play an active role in the company. muinmos was founded by Mr. Holst's CFH…
Read moreLeapRate Exclusive... LeapRate has learned via regulatory filings that Warsaw based Retail FX brokerage group X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates the XTB.com brand as well as the X Open Hub trading platform, has seen its longtime Head of Legal Paweł Frańczak resign from his position. Mr. Frańczak has also stepped down from the XTB Management Board. He…
Read moreToday, Nasdaq CEO Adena Friedman said that Nasdaq is open to becoming a crypto exchange. Joseph Weinberg, OECD Special Advisor and Chairman of Shyft, a blockchain protocol for KYC/AML, and Yo Kwon, CEO of Hosho, a blockchain cybersecurity firm, comment from two unique perspectives on what this means from regulatory and security perspectives. Joseph Weinberg,…
Read moreThe Australian Securities and Investments Commission (ASIC) has announced that it has updated its guidance for accountants who provide services on self-managed superannuation funds (SMSFs) to cover the exemption from the Australian Financial Services (AFS) licensing requirements for tax and BAS agents. The guidance was developed in conjunction with the Tax Practitioners Board and is…
Read moreISDA has just informed the public that it has partnered with law firm Linklaters to develop an online tool that will allow firms to electronically negotiate initial margin (IM) documentation. The new platform is being built to help facilitate compliance with regulatory IM requirements as a wider universe of buy- and sell-side firms come into…
Read moreAdena Friedman, the CEO of Nasdaq, just announced that once the cryptocurrency market matures and volatility slows down, Nasdaq may become a platform for cryptocurrencies in the near future. According to a CNBC report, Mrs. Friedman said that once the market and people are ready for such a step, then Nasdaq may be open to…
Read moreCurrent market activity indicates that cryptocurrencies are set for “another considerable surge in prices gains” in the near future and Ethereum’s price could reach $2,500 by the end of the year - but investors should exercise caution. This forecast from Nigel Green, the founder and CEO of deVere Group, an independent financial services organisation, comes…
Read moreAbu-Dhabi based financial services firm ADS Securities has announced the launch of its enhanced referral program. The program has been developed to provide another level of rewards to the large number of loyal ADS Securities traders. With the new scheme ADSS account holders are able to email a unique link to their contacts, the referred clients…
Read moreUK 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 Max Montgomerie Debt Recovery & Investigations. Max Montgomerie Debt Recovery & Investigations is not authorised by the FCA but has been targeting people in the UK…
Read moreMr Ong Chong Tee, Deputy Managing Director, Monetary Authority of Singapore (MAS), has made a curious speech at this year's German-Singaporean Financial Forum. Mainly discussing Singapore and Germany's relations, Ong Chong Tee's speech also included the future of banking, open banking, as well as the role of financial regulators. His complete commentary can be seen…
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