Category: Financial Services

November 07, 2017 BY Valentina Kirilova

Ebury continues growth expansion with new office in Toronto Canada

Ebury, a fintech specialist for corporate global transaction services, today announced their first office opening outside of Europe in Toronto Canada, to be led by Matthew Acton-Davis as Country Manager. This first Canadian office has been set up to support demand for international currency payments and collections, foreign exchange risk management and import finance solutions…

Read more
sfc bans
November 07, 2017 BY Valentina Kirilova

SFC bans former relationship manager of Citibank (Hong Kong) Limited

The Hong Kong Securities and Futures Commission (SFC) has banned Mr Yeung Leung Yuen, a former relationship manager of Citibank (Hong Kong) Limited (Citibank), from re-entering the industry for three years for conducting unauthorized transactions in a client’s securities account (Yeung was a relevant individual engaged by Citibank to carry on Type 1 (dealing in…

Read more
SFC fines
November 07, 2017 BY Valentina Kirilova

CFTC fines Cargill Inc. $10 million for providing inaccurate mid-market marks on swaps

The Commodity Futures Trading Commission (CFTC) today announced the filing and simultaneous settlement of charges against Cargill, Inc. (Cargill), of Minnesota, for providing mid-market marks (marks) that concealed from counterparties and its swap data repository (SDR) its full mark-up on certain swaps, in violation of the Commodity Exchange Act (CEA) and Commission Regulations. Specifically, the…

Read more
November 06, 2017 BY Valentina Kirilova

MAS issues Explanatory Brief for Payment and Settlement Systems

Mr Lim Hng Kiang, Minister for Trade and Industry (Trade), and Deputy Chairman, Monetary Authority of Singapore (MAS), on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of the Monetary Authority of Singapore, today moved the Payment and Settlement Systems (Finality and Netting) (Amendment) Bill (the “Bill”) for First Reading in…

Read more
November 06, 2017 BY Valentina Kirilova

HKEX to introduce Realtime DVP for Northbound Stock Connect Trading

Hong Kong Exchanges and Clearing Limited (HKEX) announced today that Realtime Delivery versus Payment, or Real-time DVP, money settlement in Renminbi, Hong Kong dollars and US dollars will be introduced for the Northbound related transactions of Stock Connect, its mutual market access programmes with the Shanghai and Shenzhen stock exchanges, on 20 November 2017. Realtime…

Read more
FCA
November 06, 2017 BY Valentina Kirilova

FCA publishes Future Approach to Consumers

The Financial Conduct Authority (FCA) has today published its ‘FCA Mission – Our Future Approach to Consumers’. The complete text of the announcement can be seen below: When the FCA launched its Mission, it committed to publishing a series of documents that would explain its approach to regulation in more depth. The FCA’s Approach to…

Read more
November 06, 2017 BY Valentina Kirilova

HKEX launches new market website

Hong Kong Exchanges and Clearing Limited (HKEX) has unveiled a new website for its Hong Kong markets today, introducing a fresh new look and enhanced functionality for website visitors. The new market website is completely rebuilt from the ground up with an entirely new back-end system and design that aligns with HKEX’s new corporate image…

Read more
Euronext
November 06, 2017 BY Valentina Kirilova

Euronext releases steady October volumes report

Euronext, the pan-European exchange in the Eurozone, has announced trading volumes for October 2017. Cash Trading In October 2017, the average daily transaction value on the Euronext cash order book stood at €7,172 million, up +13.3% compared to October 2016 and down -1.7% from the previous month. The average daily transaction value on ETFs was…

Read more
November 06, 2017 BY Valentina Kirilova

China and Australia to cooperate on fintech

The China Securities Regulatory Commission (CSRC) and Australian Securities and Investments Commission (ASIC) announced that they have entered into an agreement to promote innovation in financial services in their respective markets. The Information Sharing Co-operation Agreement further underlines the significance of the broader Australia-China trade and investment relationship. China is Australia's largest two-way trading partner…

Read more