Category: Financial Services

New BIS report cites “internalization” by large banks for 7% volume drop
January 19, 2018 BY Valentina Kirilova

IIROC releases latest Compliance Priorities Report

The Investment Industry Regulatory Organization of Canada (IIROC) today published its annual Compliance Priorities Report, highlighting the past year's compliance and registration achievements and areas of focus for the year ahead. IIROC protects investors and the integrity of Canadian markets by setting and upholding high regulatory standards," says Victoria Pinnington, Senior Vice-President, Market Regulation and…

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Cboe ETF Marketplace Cboe Global Markets Inc. (Nasdaq: CBOE)
January 19, 2018 BY Valentina Kirilova

Cboe welcomes new issuer Barclays to ETF Marketplace

Cboe Global Markets, Inc. (Nasdaq: CBOE) today welcomed new issuer Barclays to the Cboe ETF Marketplace, with the launch of two exchange-traded notes (ETNs), together the “New ETNs”. The iPath® Series B S&P 500® VIX Short-Term Futures ETN (Cboe: VXXB) is designed to provide investors with exposure to the performance of the S&P 500® VIX…

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WFE World Federation of Exchanges
January 18, 2018 BY Valentina Kirilova

WFE publishes best practice guidelines for cyber security compliance

The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, has today published a set of best practice guidelines for market infrastructures designed to engender a staff culture of cyber security compliance. The paper takes a behavioural approach to the issue, as evidence shows that moving away…

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January 18, 2018 BY Valentina Kirilova

Bermuda Stock Exchange issues Legal Entity Identifiers

The Bermuda Stock Exchange (BSX) today confirmed that it is authorsied to issue Legal Entity Identifiers (LEI) to Bermuda domiciled companies and has been doing so for several months. In making the announcement BSX Operations Manager Mr. Neville Caines noted: The BSX through its relationship with CUSIP Global Services, is now issuing LEIs to Bermuda…

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CySEC
January 18, 2018 BY Valentina Kirilova

CySEC temporary pauses its certification examinations

The Cyprus Securities and Exchange Commission (CySEC) just announced that, no certification examinations (advanced or basic) will be carried out during February and March 2018, due to the up-date of the examination material, in the light of the new Investment Services and Activities and Regulated Markets Law of 2017. The current examination material will be…

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January 18, 2018 BY Valentina Kirilova

ANZ and ASIC reach settlement on suspected third party frauds

ANZ today announced it is filing joint court submissions with the Australian Securities and Investments Commission (ASIC) on an agreed settlement for a number of cases where car finance brokers or dealers engaged in suspected fraud when submitting loan applications on behalf of customers to Esanda between 2013 and 2015. In a statement of agreed…

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January 18, 2018 BY Valentina Kirilova

Tel Aviv Stock Exchange initiates dual listing arrangement with Singapore, Hong Kong, and Toronto Exchanges

The Israel Securities Authority (ISA) said on Sunday it approved a plan to allow Israeli companies traded in Singapore, Hong Kong and Toronto to easily dual-list on the Tel Aviv Stock Exchange (TASE). The dual-listing arrangement that came into force in 2000 in response to worldwide globalization, allows companies whose securities are listed for trade…

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asic bans
January 18, 2018 BY Valentina Kirilova

ASIC bans former Commonwealth Financial Planning adviser for 5 years

ASIC announced that it has banned Kimberley Holgate, of Wagga Wagga, NSW, from providing financial services for five years. Ms Holgate was an authorised representative of Commonwealth Financial Planning Limited (CFPL) from January 2014 to October 2015. ASIC found that Ms Holgate: engaged in conduct that was likely to mislead by cutting clients' signatures from…

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