The Stock Exchange of Hong Kong Limited announced that has placed Mayer Holdings Limited into the third delisting stage today. If no viable resumption proposal is received by the end of the third delisting stage (i.e. 13 December 2017), the Company's listing will be cancelled. The MMT has also sanctioned Mayer Holdings Limited for late…
Read more
The European Securities and Markets Authority (ESMA) has issued today its most recent iteration of its Risk Dashboard, covering risks in the EU’s securities markets for 1Q2017. ESMA’s overall risk assessment remains unchanged from 4Q16 at high levels. In 1Q17, EU financial markets remained relatively calm with stable volatility and increasing equity market prices. EU…
Read more
The European Commission is proposing targeted reforms to further improve the financial stability of the European Union. Central counterparties (CCPs) from the EU are already well regulated and equipped to deal with financial distress, thanks to a raft of measures adopted in the wake of the financial crisis. However, further reforms to ensure a more…
Read more
Solactive AG announced it has entered for the first time the Asia-Pacific region with a new index in the fixed-income space, the Solactive Australian Bank Senior Floating Rate Bond Index, aimed to be tracked by the BetaShares Australian Bank Senior Floating Rate Bond ETF (ASX: QPON). The index targets the largest and most liquid floating…
Read more
LeapRate Exclusive... FCA licensed spread betting, Forex and CFD brokers have seen an increasing amount of competition lately, mainly from foreign brokers who come to the UK to get "FCA regulated". These brokers do so in the hopes of landing a foothold in the very lucrative UK market, still the world's highest value market in…
Read more
BNY Mellon Corp (NYSE:BK), investment management and investment services company, announced that Rohan Singh has been appointed Asia Pacific Head of Asset Servicing, effective June 27, and will report to Samir Pandiri, Executive Vice President of BNY Mellon and Chief Executive Officer of Asset Servicing. Singh will join the firm's Asia Pacific Leadership Council and…
Read more
Jeffrey Peter Honey was sentenced yesterday to six months home detention at the Auckland District Court, after pleading guilty to one charge of insider trading under section 243(1)(a) and section 244 Financial Markets Conduct Act. Mr Honey admitted to being an information insider advising and encouraging another person to trade, New Zealand's Financial Markets Authority…
Read more
The Financial Industry Regulatory Authority (FINRA) announced that it has established an Innovation Outreach Initiative to foster an ongoing dialogue with the securities industry that will help FINRA better understand financial technology (fintech) innovations and their impact on the industry. FINRA has long been engaged in discussions about fintech issues with member firms and other…
Read more
Steven W. Adamske Departs after Six Years as Office of Public Affairs Director U.S. Commodity Futures Trading Commission (CFTC) Acting Chairman J. Christopher Giancarlo announced the appointment of Erica Elliott Richardson to serve as Director of the Office of Public Affairs (OPA), effective immediately. Richardson served as the Communications Director to Majority Leader Kevin McCarthy…
Read more
The U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge Jose E. Martinez of the U.S. District Court for the Southern District of Florida entered a Consent Order against North American Asset Management, LLC (NAAM) of Fort Lauderdale, Florida, its owner and president Alexi Bethel of Miami, Florida, and its owner and managing director…
Read more