LendingCrowd, UK’s alternative finance lenders to the SME market, has received full authorisation from the Financial Conduct Authority (FCA) - making it the UK’s second P2P platform and first P2P lender to SMEs to move from interim to full authorisation status. Effective as of 1st November 2016, authorisation translates to LendingCrowd meeting the stipulated “rigorous…
Read more
The Financial Conduct Authority (FCA) has today announced that it will take action to improve competition in the current account market. This follows a series of recommendations which were proposed by the Competition and Markets Authority (CMA) as part of its investigation into retail banking. Christopher Woolard, Executive Director of Strategy and Competition at the…
Read more
Bats Global Markets, Inc. (Bats: BATS), a global exchange operator and provider of market data and other financial markets services, has reported net income of $28.5 million and adjusted earnings of $35.3 million for the third quarter ended September 30, 2016. Net income increased 13% and adjusted earnings rose 17% compared to the same period…
Read more
Securities Commission Malaysia (SC) has introduced six registered Peer-to-Peer (P2P) financing platform operators in Malaysia to widen funding avenues for small and medium enterprises (SMEs). The six registered operators are B2B FinPAL, Ethis Kapital, FundedByMe Malaysia, ManagePay Services, Modalku Ventures and Peoplender. They are expected to be fully operational in 2017. This makes Malaysia the…
Read more
The Stock Exchange of Hong Kong Limited (HKEX) has placed Bel Global Resources Holdings Limited into the third delisting stage today. If no viable resumption proposal is received by the end of the third delisting stage (i.e. 2 May 2017), the company’s listing will be cancelled. Trading of the company's shares was suspended on 4 July…
Read more
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 My Money Solutions. My Money Solutions is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read more
Financial innovation firm R3 has announced the addition of China Foreign Exchange Trade System (CFETS), China’s official interbank market trading platform, to its consortium to design and apply distributed and shared ledger-inspired technologies to global financial markets. Headquartered in Shanghai, CFETS provides a series of services covering issuance, trading, information and post-trade for cash and…
Read more
TMX Group (TSX: X) has marked the first trading day for four letter stock symbols on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), an industry initiative designed to offer Canadian issuers and applicants greater choice in how they are identified and also to provide interlisted issuers with the opportunity to be uniformly represented…
Read more
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…
Read more
Innovative fintech companies in Australia and Ontario will be able to draw on support from the combined resources of their financial regulators as they seek to operate in the others’ market, under a new agreement. Under the agreement, signed in Toronto this week, the Australian Securities and Investments Commission (ASIC) and the Ontario Securities Commission…
Read more