Tag: EU

fine
May 28, 2021 BY Steffy Bogdanova

EU imposes €6.45 million fine on ICAP for yen cartel

The EU competition enforcer said in a statement: Today’s decision, correcting the procedural error and including a detailed reasoning on the fine calculation, imposes fines on the three entities of ICAP having participated in the five infringements at the time. The ruling from 2015 accused ICAP of Libor rigging the yen in several cartels with…

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May 07, 2019 BY Valentina Kirilova

Exclusive: The beginning and end of Britain's Brexit fantasy Part I

The following article has been exclusively prepared for LeapRate by AETOS' analyst Ryan Chen.  Introduction The turbulent situation caused by the 2016 Brexit referendum has carried over into 2019. The pound has not yet completely rebounded from the collapse triggered by the crazy referendum, and the process of Brexit appears more difficult than anyone expected,…

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FCA and ASIC to strengthen cooperation post-Brexit
April 08, 2019 BY Valentina Kirilova

FCA and ASIC to strengthen cooperation post-Brexit

The UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) have just announced that they have agreed two MoUs to ensure there is continuity once the UK leaves the European Union. Last week, ASIC announced that new laws are about to protect financial service consumers in Australia. According to several independent…

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August 22, 2018 BY Mariela Naydenova

This European Bank is launching its own cryptocurrency

The first licensed bank to launch its own cryptocurrency is the European Union Bank AG. Based in Liechtenstein, the bank is setting out to disrupt how financial institutions think of altcoins, as it will be launching its very own digital currency. As reported by AMB Crypto, the Bank commented on their decision to launch a…

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ICE Clear Europe recognized as a third-country CCP by ESMA
December 14, 2016 BY admin

ESMA recognises ICE Clear US as central counterparty under EMIR

The European Securities and Markets Authority (ESMA) has today added ICE Clear US to its list of recognized third country central counterparties (CCPs) under the European Markets Infrastructure Regulation (EMIR). EMIR requires EU-based CCPs to be authorized and non-EU CCPs to be recognized in the European Union (EU). Once a CCP has been authorized or recognized within…

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November 30, 2016 BY admin

Admiral Markets reduces leverage ahead of Italian constitutional referendum

Here we go again with European geopolitical risk...roughly 6 months after the surprising "Brexit" vote, Italians are ready to make their voices heard regarding their politics. As such, brokerages are beginning to adjust trading conditions for the event. EU and FCA regulated broker Admiral Markets announced margin requirement updates as market uncertainty is increasing around…

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July 18, 2016 BY Valentina Kirilova

Boris Johnson convinced that the UK is not “leaving Europe”

Britain’s Foreign Secretary Boris Johnson claims he would assure his EU counterparts that Britain would continue to cooperate with them once it leaves the bloc, as reported on last month’s referendum. Boris Johnson commented on arrival at the EU foreign ministers meeting in Brussels: The message I'll be taking to our friends in the council…

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July 08, 2016 BY Valentina Kirilova

Brexit aftermath: Consumer Confidence Crashed

British consumers saw their confidence in the UK's economy fall at the sharpest rate in almost 22 years after the vote to leave the European Union. According to latest market research from Gfk, consumer confidence in the UK fell by 8 points to minus 9, a plunge not seen since December 1994. The Gfk survey…

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