Category: Financial Services

greenlight card website
February 21, 2018 BY LeapRate Staff

Ally looks for youth with strategic investment in cards-for-teens provider Greenlight Financial

Ally Ventures, the strategic investment arm of online brokerage and banking company Ally Financial Inc (NYSE:ALLY), has announced that it has made an investment in Greenlight Financial Technology, Inc., creator of smart debit cards for kids, teens, and college students. The company stated that the investment supports Ally Ventures' goal of promoting innovation through key alliances…

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IOSCO issues statement on liquidity risk management recommendations for investment funds
February 21, 2018 BY Valentina Kirilova

IOSCO consults on guidance to address conflicts of interest in the equity capital raising process

The Board of the International Organization of Securities Commissions (IOSCO) has proposed a guidance to help its members address conflicts of interest and associated misconduct risks that may arise during the equity capital raising process. Conflicts of interest and associated conduct risks stemming from the role of intermediaries can threaten the integrity and efficiency of…

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February 21, 2018 BY Valentina Kirilova

MAS consults on regulations to require OTC derivatives to be traded on organised markets

The Monetary Authority of Singapore (MAS) issued for consultation today proposed regulations to require the trading of over-the-counter (OTC) derivatives on organised markets, to help improve market transparency. This requirement will complete MAS’ implementation of the G20 OTC derivatives reforms. MAS proposes to impose obligations for the most globally-traded OTC derivatives, namely interest rate swaps…

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Deutsche Börse volumes
February 21, 2018 BY Valentina Kirilova

Deutsche Börse AG posts solid earnings growth for 2017

Deutsche Börse AG published its preliminary results for the fourth quarter and full year 2017 on Tuesday. The highlights include: Net revenue 2017 up 3 per cent, to €2,462 million Adjusted operating costs declined by 1 per cent Adjusted EBITDA and net income up 6 per cent €4.59 adjusted earnings per share Proposed dividend increase,…

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MOEX
February 21, 2018 BY Valentina Kirilova

IMOEX – the new ticker of MOEX Russia Index

Moscow Exchange (MOEX) announced that, on March 26, 2018 the ticker for the MOEX Russia Index will be changed across all Moscow Exchange data and trading systems. The new ticker - IMOEX - will replace MICEXINDEXCF. The ticker IMOEX will be used on the Exchange’s website, in bulletins, in the Securities and Derivatives Markets trading…

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FCA warning
February 21, 2018 BY Valentina Kirilova

FCA warns against Chemmi Holdings t/a Max CFD

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 company Chemmi Holdings t/a Max CFD. Chemmi Holdings t/a Max CFD is not authorised by the FCA but has been targeting people in the UK and is…

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clone firm FCA warning
February 20, 2018 BY Valentina Kirilova

FCA warns against TSB Wealth Advisory clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm TSB Wealth Advisory. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…

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iforex fined cysec
February 20, 2018 BY Valentina Kirilova

CySEC fines iForex parent company ICFD Ltd €138,000

The Board of the Cyprus Securities and Exchange Commission (CySEC) has informed the public that, at the meeting held on 13th November 2017, it has decided to impose a total administrative fine of €138.000 to CIF ICFD Ltd for non compliance with several issues (see below). ICFD Ltd operates the iForex Retail FX brokerage brand.…

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