January 19, 2017 BY Valentina Kirilova

SFC signs MoU with SEC to enhance supervision of Cross-Border Regulated Entities

The Securities and Futures Commission (SFC) has entered into a memorandum of understanding (MoU) with the U.S. Securities and Exchange Commission (SEC) providing for consultation, cooperation and exchange of information related to the supervision and oversight of regulated entities that operate on a cross-border basis in Hong Kong and the United States of America. The…

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January 19, 2017 BY Valentina Kirilova

SEC fines General Motors $1 million

The Securities and Exchange Commission (SEC) announced that General Motors (NYSE:GM) has agreed to pay a $1 million penalty to settle charges that deficient internal accounting controls prevented the company from properly assessing the potential impact on its financial statements of a defective ignition switch found in some vehicles. According to the SEC’s order, when…

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January 19, 2017 BY Valentina Kirilova

FCA warns on clone firm of Go 4 UK Loans

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Go 4 UK Loans. 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…

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Mizuho Bank makes smartTrade its core technology provider for their FX platform
January 19, 2017 BY Valentina Kirilova

Mizuho Bank adopts Thomson Reuters FX Trading

Japanese bank Mizuho has integrated business information giant Thomson Reuters Corp (NYSE:TRI) next generation FX desktop, FX Trading (FXT), into their trading workflows. FX Trading brings together all of Thomson Reuters FX transaction venues onto a comprehensive end-to-end platform to streamline workflows and create a single point of access to the industry’s largest collective independent…

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fma warns against unregulated company
January 19, 2017 BY Valentina Kirilova

Belize regulator IFSC warns on Flexible Funds Int'l firm

The International Financial Services Commission of Belize (IFSC) has notified that an entity calling itself Flexible Funds Int'l of 375 7th Ave, New York, NY 10001, United States, is falsely and fraudulently claiming to be certified by the International Financial Services Commission of Belize. IFSC confirmed that Flexible Funds Int'l is not certified/licenced by the…

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china yuan
January 19, 2017 BY Valentina Kirilova

China SAFE December data: continued capital outflows as Yuan fell

China's foreign exchange regulator commented earlier today that the country's forex reserves were ample and it has plans to deal with cross-border capital flows, even as bank forex sales in December climbed to their highest in nearly a year. According to Reuters, State Administration of Foreign Exchange (SAFE) spokeswoman Wang Chunying's exact words were: In the future,…

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January 18, 2017 BY LeapRate Staff

Eze Software caps successful 2016 with 75% increase in clients

Eze Software, a provider of global investment technology to support the front, middle and back office, announced some metrics from its 2016 year indicating rapid growth across its product lines within the Eze Software Investment Suite As integration between order management, execution management, portfolio and investor accounting, and compliance progressed, investment managers across the investment landscape…

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