July 07, 2016 BY Valentina Kirilova

EBS BrokerTec and ICAP Information Services launch the EBS CNH Benchmark

EBS BrokerTec, ICAP's electronic foreign exchange (FX) and fixed income business and ICAP Information Services (IIS), the information division of ICAP, have announced today that they have launched the ‘EBS CNH Benchmark’, the first fully electronic, trade-backed reference rate for the offshore Chinese renminbi (CNH) market. The benchmark has been launched following considerable interest from…

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July 07, 2016 BY Valentina Kirilova

TWSE Launches Stewardship Principles for Institutional Investors

The Corporate Governance Center of the Taiwan Stock Exchange (TWSE), directed by the Financial Supervisory Commission (the FSC), in conjunction with the Taiwan Depository Clearing Corp., the Securities Investment Trust & Consulting Association, and the Taiwan Financial Services Roundtable collectively, launched the “Stewardship Principles for Institutional Investors” on 30 June. Institutional investors, including pension funds, insurance companies and investment trusts, are playing an increasingly…

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July 07, 2016 BY Valentina Kirilova

China raises Reserves requirement as Yuan hits 5+ year low

China puts into action requirements for foreign firms to settle foreign exchange forward yuan positions in the onshore market, the country's foreign exchange trading platform, operated by the central bank, said in a statement on Wednesday. Foreign firms will need to set aside 20% of the previous month's yuan forwards settlement amount as foreign exchange…

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July 06, 2016 BY Valentina Kirilova

Elliptic and IWF partner to catch child porn purchasers

Non-profit organization the Internet Watch Foundation (IWF) has teamed up with blockchain start-up Elliptic to combat the use of bitcoin to buy child sex abuse images online. Bitcoin is a cryptocurrency, which due to the anonymity it affords buyers, is often used for online unlawful purchases – anything from illegal drugs to child pornography. Elliptic…

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July 06, 2016 BY Valentina Kirilova

Italy’s Consob warns against binary options broker Boss Capital

Italy’s financial markets regulator Consob today issued a public warning against binary options broker Boss Capital. The company is offering its services via bosscapital.com, with the website having a version in Italian language too. Consob said that the company is also known as Cheshire Capital Ltd. The Italian regulator notes that Cheshire Capital Ltd is…

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