Valentina Kirilova
LeapRate Analyst

Experienced independent writer and journalist with a demonstrated history of working in the global online trading sector.
October 27, 2016 BY Valentina Kirilova

ASIC releases report on the charging of advice fees without providing advice by major financial institutions

The Australian Securities and Investments Commission (ASIC) has released Report 499 Financial advice: Fees for no service. The report provides an update on ASIC's work to address financial institutions' and advisers' systemic failures, over a number of years, to provide ongoing advice services to customers who paid fees to receive those services. The report summarises ASIC's…

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ESMA bond liquidity data
October 27, 2016 BY Valentina Kirilova

ESMA issues Q&As on the implementation of MAR

The European Securities and Markets Authority (ESMA) has issued a set of Questions and Answers (Q&As) regarding the implementation of the Market Abuse Regulation (MAR). ESMA is required to play an active role in building a common supervisory culture by promoting common supervisory approaches and practices. In this regard, the Authority develops Q&As as and…

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FMA suspends AxiTrader's derivatives licence
October 27, 2016 BY Valentina Kirilova

Court convicts Gold Root Global Investments Limited of unlicensed dealing

The Eastern Magistrates’ Court has convicted Gold Root Global Investments Limited (GRG Investments) of dealing in futures contracts through its website between March and April 2013 without a licence from the Securities and Futures Commission (SFC). GRG Investments pleaded guilty and was fined $10,000 and ordered to pay the SFC’s investigation costs. Dealing in futures contracts…

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Deutsche Bank
October 27, 2016 BY Valentina Kirilova

Deutsche Bank reports 3Q2016 pre-tax profit of €619 million and net income of €278 million

German banking giant Deutsche Bank AG (NYSE:DB) has just announced its quarterly report. Here are some of the highlights: Revenues slightly up EUR 7.5 billion vs. EUR 7.3 billion in 3Q2015, despite a tough interest rate environment Noninterest expenses lower EUR 6.5 billion vs. EUR 13.2 billion in 3Q2015, which included significant impairments and litigation…

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October 27, 2016 BY Valentina Kirilova

ASIC refuses an application Clemente Group Holdings Pty Ltd for a derivatives/market maker licence

The Administrative Appeals Tribunal (AAT) has affirmed ASIC’s decision to refuse an application from Clemente Group Holdings Pty Ltd seeking an Australian Financial Services (AFS) licence to provide various financial services, including to make a market in derivatives. In her decision, the AAT’s Senior Member J F Toohey said: In my assessment of the evidence,…

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