December 16, 2016 BY Valentina Kirilova

FSB consults on proposed guidance to support resolution planning and promote resolvability

The Financial Stability Board (FSB) has today issued for consultation two proposals for guidance on the implementation of its resolution standards which form part of the overall policy framework to end “too-big-to-fail”. Consultation on Guiding Principles on the Internal Total Loss-Absorbing Capacity of G-SIBs (Internal TLAC) G20 and FSB members made a commitment last year…

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December 16, 2016 BY LeapRate Staff

ESMA Q&A update on MiFID II focuses on best execution of OTC products

Pan European regulatory authority ESMA has added new Q&As on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR). MiFID II applies from January 2018 and will strengthen the protection of investors by both introducing new requirements and reinforcing existing ones. The purpose of the Q&A is…

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December 16, 2016 BY Valentina Kirilova

ASIC permanently bans former financial planner

ASIC has permanently banned Queensland financial adviser Mr Stewart James Banks, from the Gold Coast, from providing financial services and engaging in credit activity. Mr Banks was employed as a representative of Professional Investment Services (PIS) from 18 April 2007 until 20 May 2015. ASIC found that during the period between September 2012 and April…

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December 16, 2016 BY Valentina Kirilova

ANZ Director Ian Macfarlane retires

Commercial banking company Australia and New Zealand Banking Group Limited, commonly called ANZ (ASX:ANZ), today announced that having served almost ten years on the ANZ Board, Ian Macfarlane will retire as a Non-Executive Director at the conclusion of the 2016 Annual General Meeting being held today. Chairman of the Board, David Gonski commented: Ian has…

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December 16, 2016 BY Valentina Kirilova

UK regulator PSR initiates concerted effort to tackle Push Payments scams

The Payment Systems Regulator (PSR), the economic regulator for the £75 trillion UK payment systems industry, has announced the start of a concerted and coordinated industry-wide effort to tackle payment scams. The regulator today published its response to a super-complaint issued by consumer watchdog Which?, about protection for people making authorised ‘push’ payments. In the…

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December 16, 2016 BY Valentina Kirilova

Safecharge makes strategic minority investment in Nayax

SafeCharge plays a key role in the enablement of contactless payments for unattended machines across Europe. Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) today announced that it has completed a minority investment in Nayax Ltd, a global provider of EMV certified cashless payment solutions for the unattended vending sector. The SafeCharge cards…

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December 16, 2016 BY Valentina Kirilova

FCA warns on Money Matcher Ltd 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 firm Money Matcher Ltd. Money Matcher Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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December 16, 2016 BY Valentina Kirilova

Montréal Exchange sets new record, surpasses one million contracts in open interest on BAX

TMX Group (TSX:X) today announced that Montréal Exchange (MX) achieved a new open interest record on the Three-Month Canadian Bankers' Acceptance Futures (BAX (1 BAX contract = C$ 1 000,000 dollars)), reaching 1,003,916 contracts on December 13, 2016 and surpassing 1 million contracts for the first time ever. TMX Group has already announced earlier this…

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