Category: Financial Services

moex moscow exchange
July 25, 2017 BY Valentina Kirilova

Eurasian Development Bank gains access to MOEX Derivatives Market

Eurasian Development Bank is the first ever international financial institution to receive admission to MOEX Derivatives Market as a member firm, Moscow Exchange announced earlier today. Since 14 July 2017 Moscow Exchange has allowed international financial institutions to trade FX and interest rate derivatives on MOEX Derivatives Market's money section on the same on terms…

Read more
FCA
July 25, 2017 BY Valentina Kirilova

FCA to consult on new rules for current account providers

The Financial Conduct Authority (FCA) has today launched proposals to help customers make effective comparisons of the service levels available for personal current accounts and business current accounts. The FCA proposes to require firms who offer personal current accounts and business current accounts to publish service information about: how long it takes to open an…

Read more
fca warning
July 25, 2017 BY Valentina Kirilova

FCA warns against Zurich Capital 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 Zurich Capital. Zurich Capital is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

Read more
cysec cif licence suspension
July 25, 2017 BY Valentina Kirilova

CySEC announces renouncement of CIF licence of New Vault Ltd

The Cyprus Securities and Exchange Commission (CySEC) has announced that, on 5th June 2017, the CIF New Vault Ltd, renounced its authorisation pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore, the CIF authorisation with Νumber 304/16 lapsed as from the abovementioned…

Read more
acquisition
July 25, 2017 BY Valentina Kirilova

Nasdaq to acquire surveillance provider Sybenetix

Nasdaq, Inc. (Nasdaq:NDAQ) announced that it has entered into a definitive agreement to acquire Sybenetix, a surveillance provider that combines behavioral analytics and cognitive computing with financial markets expertise. Sybenetix’s technology offering is designed to solve key surveillance challenges facing the asset management industry. The addition of Sybenetix to Nasdaq's Risk & Surveillance suite of…

Read more
fca warning
July 25, 2017 BY Valentina Kirilova

FCA warns against Loan Store Limited 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 Loan Store Limited. Loan Store Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

Read more
July 25, 2017 BY Valentina Kirilova

Corporations receive direct access to MOEX Money Market

On 24 July 2017 Russian companies not qualified as credit institutions or professional market participants became eligible to operate on Moscow Exchange's Money Market on the same terms as banks and brokerage firms, MOEX announced earlier today. Corporates can now place deposits with the central counterparty (CCP) at the repo market rates. NCC Clearing Bank,…

Read more
DFSA
July 25, 2017 BY Valentina Kirilova

Financial Choice pays $21,600 in penalties for false and misleading representations

Financial Choice Pty Ltd, an Australian financial services provider, has paid two ASIC infringement notice penalties totalling $21,600, after making misleading representations in marketing emails sent to consumers and on its website. The first infringement notice related to a representation made by Financial Choice in bulk emails the company sent to around 215,000 consumers in…

Read more
fca warning
July 24, 2017 BY Valentina Kirilova

FCA warns against Cash Financers 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 Cash Financers. Cash Financers is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

Read more
NSD and Interfax launch Single Disclosure Window product
July 24, 2017 BY Valentina Kirilova

NSD Expert Council approves methodology for assessing bond value

The Expert Council for the prices of National Settlement Depository (NSD), Russia’s central securities depository, announced that has unanimously approved and recommended that the new methodology for calculating the value of ruble-denominated bonds be implemented. The new methodology is based on the newest concepts for assessing financial instruments with fixed income. The methodology was developed…

Read more