November 28, 2016 BY Valentina Kirilova

Abu Dhabi Global Market and FinanceMalta sign MoU on bilateral cooperation

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, and FinanceMalta (FM), the organisation responsible for the development of Malta’s financial centre, have signed a Memorandum of Understanding (MoU) to enable further collaboration on joint initiatives and efforts to bolster the growth of the financial markets in both Abu Dhabi and Malta.…

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fma warning
November 28, 2016 BY Valentina Kirilova

FMA releases 2016 Audit Quality Monitoring Report

New Zealand's Financial Markets Authority (FMA) has just announced that it has released its 2016 Audit Quality Report reflects that improvements continue to be made in audit quality. The report shows the sector is increasingly aligned with the expectations of the FMA and international auditing standards and global best practice. However, it also notes that…

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November 28, 2016 BY Valentina Kirilova

ACCC warns on Centrelink pretenders scams

The Australian Competition and Consumer Commission (ACCC) has warned the community to be aware of phone calls from scammers pretending to be from the Department of Human Services or Centrelink. The ACCC’s Scamwatch has received over 2,200 reports of this scam since January, with more than $27,000 reported lost. Four individuals have reported losses of $1,000…

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November 28, 2016 BY Valentina Kirilova

ASIC to launch new digital toolkit to help Australians navigate financial advice

A new online toolkit developed by ASIC's MoneySmart will enable Australians to better understand and navigate the financial advice process. ASIC's MoneySmart Financial Advice Toolkit is a free educational tool that breaks down the complexity around the financial advice process. It will assist consumers with their research and help them evaluate the financial advice they…

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November 25, 2016 BY Valentina Kirilova

RussNeft shares start trading on Moscow Exchange

At 16:00 on 25 November 2016, Moscow Exchange (MOEX) has launched trading in RussNeft ordinary shares (ticker RNFT). At its IPO held on the Exchange, the company offered RUB 32.4 billion worth of shares at RUB 550 each, with the market cap totalling RUB 161.8 billion. VTB Capital and Sberbank CIB acted as joint global…

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November 25, 2016 BY Valentina Kirilova

Thomson Reuters Lipper announces CPFIS - included funds increase 6.22% in Q3 2016

Business information giant Thomson Reuters Corp (NYSE:TRI) Lipper has announced its findings on the performance of all unit trusts and investment-linked insurance products (ILPs) that are included under the Central Provident Fund Investment Scheme (CPFIS) as of 30 September 2016. In Q3 2016, the overall performance of CPFIS-included funds rose 6.22% on average, a positive and…

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November 25, 2016 BY Valentina Kirilova

Aegon platform with a new CGT calculator by FinoComp

New technology development specialists, FinoComp, have announced the launch of a gains calculator for advisers using the Aegon platform. The new tool has been designed to give advisers and para-planners the information they need to manage their client’s capital gains tax (CGT) liabilities. The initial scope of the project covers the capital gains on general…

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November 25, 2016 BY Valentina Kirilova

HKEX welcomes market regulators' announcement of Shenzhen Connect's start date

Hong Kong Exchanges and Clearing Limited (HKEX) has welcomed today's announcement by the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission of the start date for Shenzhen-Hong Kong Stock Connect (Shenzhen Connect), a mutual market access programme of the Hong Kong and Shenzhen stock markets. As stated in a regulatory announcement…

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Brexit, Bitcoin, and Fintech industry – How will the UK adapt to change?
November 25, 2016 BY Valentina Kirilova

Up to £7 Billion of UK wealth to be created next year from investment in early-stage companies

SyndicateRoom, the online investment platform which allows individuals to invest alongside the professionals, has launched its study Rise of the Growth Hunters to support UK investors who are looking for faster growth in 2017. The report analyses sentiment and expectations of over 1,000 retail investors alongside five years of company growth data from Beauhurst. It…

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