Category: Financial Services

Regulation
August 09, 2017 BY Valentina Kirilova

FCA’s decision to fine and ban Charles Palmer former CEO of Adviser Network upheld

On 8 August 2017, the Upper Tribunal upheld the Financial Conduct Authority’s (FCA) decision to ban Charles Palmer, former CEO of Financial Limited and Investments Limited (“the Firms”), from performing FCA significant influence functions. The Tribunal also upheld the FCA’s decision to impose a financial penalty of £86,691 on Mr Palmer. Mr Palmer was the…

Read more
August 09, 2017 BY Valentina Kirilova

EEX to reintroduce auctions for EU Aviation Allowances (EUAA)

The European Energy Exchange (EEX) has published the 2017 auction calendar for EU Aviation Allowances (EUAA) in consultation with the EU Commission and the Member States taking part as well as the competent German and Polish authorities. EEX will carry out the auctions comprising a total volume of 4,005,000 EUAA from 27th September to 6th…

Read more
August 09, 2017 BY Valentina Kirilova

HKEX releases first half 2017 results, revenue up 10% YoY

Hong Kong Exchanges and Clearing Limited (HKEX) just submitted the unaudited consolidated results of the Group for the six months ended 30 June 2017. Revenue and other income for the six months ended 30 June 2017 (1H 2017) was 10 per cent higher than the same period in 2016 (1H 2016). Key highlights for the period…

Read more
New BIS report cites “internalization” by large banks for 7% volume drop
August 09, 2017 BY Valentina Kirilova

SEC publishes report on access to capital and market liquidity

The SEC Division of Economic and Risk Analysis (DERA) today published a report describing trends in primary securities issuance and secondary market liquidity, and assessing how those trends relate to post-crisis regulatory reforms. The report was requested by Congress as part of the FY2016 appropriations process. The report includes a survey and analysis of recent…

Read more
Moscow Exchange MOEX
August 09, 2017 BY Valentina Kirilova

MOEX releases Q2 2017 results, net profit up 6% QoQ

Moscow Exchange (MOEX) today announced its financial results in accordance with International Financial Reporting Standards (IFRS) for Q2 2017. Key financial highlights for Q2 2017 Fee and commission income increased by 4.2% YoY as strong performance of the Fixed Income Market (up 23.1% YoY), Money Market (up 8.8% YoY) and Depository and Settlement Services (up…

Read more
fca warning
August 08, 2017 BY Valentina Kirilova

FCA warns against Clarion Global Group firm

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 Clarion Global Group. Clarion Global Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

Read more
SFC fines
August 07, 2017 BY LeapRate Staff

Bank of Tokyo-Mitsubishi UFJ fined for futures Spoofing

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Mitsubishi UFJ Financial Group Inc (TYO:8306) unit The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) for engaging in multiple acts of spoofing in a variety of futures contracts on the Chicago Mercantile Exchange and the Chicago Board of Trade, including futures…

Read more
cme europe shut
August 07, 2017 BY LeapRate Staff

CFTC vacates derivatives clearing registration of CME Europe

At the request of the CME Clearing Europe Ltd. unit of derivatives marketplace operator CME Group Inc (NASDAQ:CME), the U.S. Commodity Futures Trading Commission (CFTC) issued an order today that vacates the registration of CME Europe as a derivatives clearing organization (DCO) effective August 8, 2017. The CFTC registered CME Europe as a DCO by…

Read more
fca warning
August 07, 2017 BY Valentina Kirilova

FCA warns against Westmount Associates firm

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 Westmount Associates. Westmount Associates is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

Read more