December 09, 2016 BY Valentina Kirilova

SFC welcomes appointment of Non-Executive Director

The Securities and Futures Commission (SFC) welcomes the appointment by the Financial Secretary of Mr Edward Cheng Wai-Sun as a Non-Executive Director for a term of two years with effect from 1 January 2017. SFC’s chairman, Mr Carlson Tong, said: I would like to extend a warm welcome to Mr Cheng who brings with him…

Read more
December 09, 2016 BY Valentina Kirilova

HKEX launches program training for company directors in 2017

The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has noted from its recent investigations and disciplinary actions that a number of company directors have failed in their duties and not taken a proactive role in fulfilling their responsibilities as directors, either due to a lack…

Read more
Deutsche Börse
December 09, 2016 BY Valentina Kirilova

Two new BNP Paribas precious metal ETCs launched on Xetra

ETCs provide access to performance of gold and palladium Two new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra and Börse Frankfurt since Friday. The BNPP Gold ETC enables investors to participate in the performance of the precious metal gold, and the BNPP Palladium ETC tracks the…

Read more
Deutsche Bank
December 09, 2016 BY Valentina Kirilova

Deutsche Bank moves top CDS trader amid $1.1 trillion exit to a role in emerging-market bonds

Deutsche Bank AG moved the trader who was leading the wind-down of a $1.1 trillion credit-default swaps portfolio to a role in emerging-market bonds, according to Bloomberg. Aditya Singhal, described as “one of the most profitable traders” at Deutsche Bank’s European credit business, will become head of local markets trading for central and eastern Europe,…

Read more
December 09, 2016 BY Valentina Kirilova

Börse Berlin implements Scila Surveillance for prevention of market abuse and insider dealing

Börse Berlin has chosen to implement Scila Surveillance, provided by the Stockholm-based independent surveillance technology provider Scila. Scila will provide Börse Berlin with a highly flexible real-time market surveillance solution. Scila Surveillance will be used by Börse Berlin to monitor and prevent Market Abuse and Insider Dealing, protecting investors and strengthening confidence in the financial…

Read more
December 09, 2016 BY Valentina Kirilova

LSE welcomes Creo Medical Group’s AIM IPO

London Stock Exchange welcomed the AIM flotation of Creo Medical Group, a medical device company focused on the emerging field of surgical endoscopy. The Chepstow-based company raised £20 million on admission, with a market capitalisation of approximately £61 million. The company has been supported by Finance Wales, who have an equity stake in the company. The…

Read more
December 09, 2016 BY Valentina Kirilova

FCA warns on Novostar Finance Co 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 Novostar Finance Co Ltd. Novostar Finance Co Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying…

Read more
December 09, 2016 BY Valentina Kirilova

SFC and HKEX keep rights issues and open offers under scrutiny

The Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), are closely monitoring rights issues and open offers that substantially dilute the interests of non-subscribing minority shareholders (highly dilutive offers). The SFC and the Exchange are concerned that in some…

Read more