The Financial Stability Board (FSB) has published its peer review of India. The peer review examined two topics relevant for financial stability and important for India: the macroprudential policy framework, and the regulation and supervision of non-banking finance companies (NBFCs) and housing finance companies (HFCs). The review focused on the steps taken by the authorities…
Read moreInternational derivatives marketplace CME Group Inc (NASDAQ:CME) has announced the first trades of the USD Malaysian Crude Palm Oil Calendar futures (CPO) that were launched on July 11, 2016. The trade that took place on August 12, 2016 was between Louis Dreyfus Commodities and a major Indonesian palm oil plantation house, and was brokered by Ginga…
Read moreA Central Ontario and TMX Group Limited (TSX:X) has announced that will today launch the JA Alumni TMX Innovation Challenge, two-night event for students who have completed the 18-week entrepreneurial JA Company Program. Participants will be challenged to address evolving issues facing TMX Group and the broader capital markets industry in three areas: big data,…
Read moreKeyBank has expanded its mobile payments capabilities with Masterpass by Mastercard in response to steadily growing client mobile payment use. Jason Rudman, director of KeyBank Consumer Payments and Digital Banking, said: We know our clients want to be able to choose the banking product that best fits their individual need, and mobile payments is no exception. Whether…
Read moreASIC has banned Mr Nicholas Kerr, of Carindale, Queensland, from providing financial services for five years after finding that he engaged in unauthorised discretionary trading on his client accounts, provided inappropriate advice and created false records. Mr Kerr was a representative of Macquarie Equities Limited (MEL) from March 2008 to August 2013. ASIC's investigation found…
Read moreMoscow Exchange (MOEX) has announced that NCC Clearing Bank is changing risk parameters in Securities market for EPLN (Europlan) shares starting from August 24, 2016: № Ticker Name Current IM rates New IM rates New concentration limits, sec. S_1_min S_2_min S_3_min S_1_min S_2_min S_3_min 1st level 2nd level 1 EPLN Europlan 100% 100% 100% 70% 85%…
Read moreFollowing analysis of all shares tendered for exchange, Deutsche Börse AG has determined a final acceptance ratio for the Exchange Offer of HLDCO123 PLC (HoldCo) of 89.04%. On June 1, 2016, HoldCo has published its voluntary public takeover offer in the form of an exchange offer to the shareholders of Deutsche Börse for acquiring all…
Read moreASIC has cancelled the Australian financial services licence held by Marigold Falconer International Limited (Marigold Falconer). Marigold Falconer was unable to satisfy ASIC that it could obtain insurance cover for the services it was authorised to provide under the licence, which included providing financial product advice and dealing in financial products. ASIC has previously suspended…
Read moreThe U.S. average combined sales tax rate rose by a slight margin in Q2 due to minimal tax changes in most jurisdictions, according to the latest ONESOURCE Indirect Tax Report from Thomson Reuters. The average state-level sales tax rose marginally from 5.535% to 5.56% in Q2 2016. Puerto Rico remains a significant outlier with a…
Read moreLondon-based money transfer outfit TransferWise has launched a platform specifically designed for businesses. The company share that TransferWise for Business is a way to move money internationally by using its network of bank accounts around the world to swap money between local accounts so that as little cash as possible crosses borders, making sending money abroad…
Read more