Category: Financial Services

July 19, 2017 BY Valentina Kirilova

Hong Kong’s fund management business grows steadily in 2016

The Hong Kong Securities and Futures Commission (SFC) has today released its annual Fund Management Activities Survey (FMAS) which shows that the combined fund management business in Hong Kong increased by 5.2% year-on-year to $18,293 billion as of 31 December 2016. Overseas investors remained a major source of funding for the fund management business, accounting…

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cnmv spain forex regulation
July 19, 2017 BY Valentina Kirilova

Spain regulator CNMV warns against 1875-Finance Invest firm

The National Securities Market Commission (Comisión Nacional del Mercado de Valores, or CNMV) has published the following warning reported on unregistered entitiy that was received through international supervisors:  1875-FINANCE INVEST (CLON), WWW.1875-FINANCEINVEST.COM The warning was received from Luxembourg's regulator CSSF. For more details on the warnings received from foreign regulators at the European level, please…

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July 19, 2017 BY admin

CME announces 1st cleared Korean Won & Indian Rupee interest rate swaps

CME Group, the global derivatives exchange, and marketplace, today announced it has cleared two new swap currencies: the Indian Rupee (INR) Overnight Index Swaps (OIS) and Korean Won (KRW) Interest Rate Swaps (IRS). With these two new additional currencies, CME Group now offers 21 clearable OTC IRS currencies. Sean Tully, Senior Managing Director of Financial…

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asic bans
July 19, 2017 BY Valentina Kirilova

ASIC bans former Magnitude Group adviser

The Australian Securities and Investment Commission (ASIC) has banned Perth financial adviser Jason Sean Atkins from providing financial services for a period of three years. ASIC found that Mr Atkins provided advice to clients to establish a self–managed superannuation fund (SMSF) and use limited recourse borrowing arrangements to fund the purchase of real property that…

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July 18, 2017 BY Valentina Kirilova

Boerse Stuttgart introduces instant trading for bonds

Due to the ongoing low interest-rate policy and changes to regulatory and technological framework conditions, the bond market is characterised by decreasing liquidity and increasing fragmentation. This adds complexity to the price discovery and hence price and trading quality. Nevertheless, debt instrument investors expect attractive and tradable prices – without restrictions of the product universe…

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July 18, 2017 BY Valentina Kirilova

WFE releases joint report with Milken Institute on SME exchanges

The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, today jointly published a report with the Milken Institute on Small and Medium-sized Enterprises (SMEs) and SME exchanges. The report consolidates results from initial independent research from the WFE and the Milken Institute published earlier this year.…

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July 18, 2017 BY Valentina Kirilova

CySEC and FSRA of Abu Dhabi Global Market sign MoU

The Cyprus Securities and Exchange Commission (CySEC) announced that has recently signed a bilateral Memorandum of Understanding and Cooperation (MoU) with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi. The MoU was signed by Mr Richard Teng, Chief Executive Officer of the FSRA of…

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clone firm FCA warning
July 18, 2017 BY Valentina Kirilova

FCA warns against Stenham Investment Funds plc clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Stenham Investment Funds plc. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their…

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