August 19, 2016 BY Valentina Kirilova

Hong Kong SFC adds Ephraim Global to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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August 19, 2016 BY Valentina Kirilova

AMF launches a consultation on the use of stress tests to help manage risk at asset management companies

Stress tests are a major part of risk management for asset management companies. Regular stress testing is mandatory under national and European regulations, but the methods used vary according to the investment strategies and assets managed. The Financial Markets Authority (AMF) has prepared a guide to help asset management companies implement and use stress tests. The…

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August 19, 2016 BY Valentina Kirilova

Canadian securities regulators seek comment in advance of move to T+2 settlement cycle

The Canadian Securities Administrators (CSA) has published proposed amendments to National Instrument 24-101 Institutional Trade Matching and Settlement in addition to CSA Consultation Paper 24-402 Policy Considerations for Enhancing Settlement Discipline in a T+2 Settlement Cycle Environment. The comment period is open until November 16, 2016. Amendments to the National Instrument are being proposed as part…

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August 19, 2016 BY LeapRate Staff

CFTC charges FXCM with undercapitalization related to the 2015 Swiss Franc spike - but why now?

In a very bizarre filing, the U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action today against the Forex Capital Markets LLC unit of Retail Forex broker FXCM Inc (NYSE:FXCM), charging FXCM with undercapitalization, failure to timely report its undercapitalization violation, and guaranteeing against customer losses. What's bizarre about the CFTC filing? The filing…

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August 18, 2016 BY Valentina Kirilova

Anthony Bergen joins Cold Mountain Capital as CFO

Cold Mountain Capital, LLC, a U.S. private equity and management firm, has announced the appointment of Anthony "Tony" Bergen, CPA, as Chief Financial Officer effective immediately. David Nolletti, Cold Mountain co-founder and chief executive officer stated: Tony is exceptionally well-qualified to serve as CFO of Cold Mountain. His technical skills and broad experience base make…

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August 18, 2016 BY Valentina Kirilova

EEX holds final TCAP auction before CAP2 auctions begin in

In today’s primary market auction on behalf of the European Commission and the participating EU Member States, a volume of 1,712,500 EUA has been auctioned at a price of EUR 4.55 per EUA on the European Energy Exchange AG (Germany's energy exchange, EEX) spot market. This has been the last auction taking place within the framework…

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