The FCA informed that it welcomes the announcements made yesterday by the European Commission and the US Securities and Exchange Commission (US SEC) in relation to the MiFID II inducements and research reforms and their interaction with US regulation. Andrew Bailey, Chief Executive Officer at the FCA, said: I am grateful for the constructive conversations…
Read more
Deutsche Börse AG published its results for the third quarter of 2017 on Thursday, indicating that: Net revenue of €576 million (+3%) Adjusted EBITDA of €333 million (+5%) Adjusted net income for the period at €198 million (+4%) Carsten Kengeter has informed earlier the Supervisory Board of Deutsche Börse AG (DBAG) that he would like…
Read more
Peter Nicholas Cook of Coogee, NSW, has been disqualified by ASIC from managing companies for the maximum period of five years as a result of his involvement in twelve failed companies. ASIC found that Mr Cook: improperly used his corporate position by causing his companies to make loan repayments to related companies ahead of third…
Read more
The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) recognise the need for effective cybersecurity management as cyber risk poses an increasingly significant threat to the integrity, efficiency and soundness of financial markets worldwide. Over the past few years, the SFC and the HKMA have provided a range of…
Read more
Online gaming and financial trading systems provider Playtech PLC (LON:PTEC) has announced the acquisition of BetBuddy, which provides gambling analytics solutions. Terms of the acquisition were not disclosed. Playtech stated that its strategy is to acquire complementary technology which extends its software and services offering to the gambling industry’s leading operators. The integration of BetBuddy’s behavioural identification…
Read more
The Commodity Futures Trading Commission (CFTC) has issued an Order that will keep the swap dealer de minimis threshold at $8 billion until December 2019. The one-year extension provides the CFTC additional time to complete the current data analysis and for the CFTC to consider appropriate further action. The Order establishes a new swap dealer…
Read more
On 18 October 2017, the Australian Securities and Investments Commission (ASIC) and the Swiss Financial Markets Authority (FINMA) entered a new agreement to cooperate on innovation in the financial sector. The agreement aims to encourage innovation in financial services in Switzerland and Australia, and to support financial services innovators in meeting legal requirements when operating…
Read more
Cboe Global Markets, Inc. (NASDAQ: CBOE) has welcomed a new iShares fund to the Cboe ETF Marketplace. The iShares Broad USD High Yield Corporate Bond ETF (Cboe: USHY) seeks to track more high yield investable opportunities than any other U.S.-listed high yield ETF available. The Underlying Index, the Bank of America Merrill Lynch US High…
Read more
The FinTech Association of Hong Kong (FTAHK) announced that it has signed three separate Memoranda of Understanding with the Singapore FinTech Association, the Swiss Finance + Technology Association and the Taiwan FinTech Industry Development Association. These were completed during the HongKong FinTech week that is currently underway. All three associations have the goal of collaborating…
Read more
The Financial Conduct Authority (FCA) has today set out a package of measures designed to ensure that the UK’s primary capital markets remain effective. In 2015 the FCA committed to reviewing the effectiveness of the UK’s primary capital markets, and the regulatory framework governing them to ensure they continue effectively to serve issuers and investors.…
Read more