Steven Maijoor, ESMA Chair, commented: The finalisation of the MoU with MAS is an important step towards the completion of the EU’s third country regime for benchmarks. Regulators around the world are committed to the accuracy and reliability of key global benchmarks and this MoU will facilitate the achievement of these objectives. Ong Chong Tee,…
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Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) have announced earlier this week that they have decided to expand their cooperation. Both sides have signed an enhanced Memorandum of Understanding (MoU) on Bilateral Cooperation at the 3rd AMBD-MAS Bilateral Roundtable. The enhanced MoU builds on the longstanding cooperation between both countries…
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Moscow Exchange (MOEX) has announced yesterday that it has signed a Memorandum of Understanding (MoU) with the China Foreign Exchange Trade System (CFETS). The MoU aims to unify the liquidity pools for trading in the RMB/RUB currency pair on the two platforms. A joint working group has already been set up to conduct research and…
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The Dutch Authority for the Financial Markets (AFM) announced earlier today that it has signed a Memorandum of Understanding on Mutual Recognition of Funds (MoU) with the Hong Kong Securities and Futures Commission (SFC). Dutch Undertakings for Collective Investment in Transferable Securities (UCITS) and Hong Kong Collective Investment Schemes (CIS) will now be available for…
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Regulators have a tough enough time policing their domestic jurisdictions, but with the complexities of global commerce, cyber threats proliferating across the globe, and shady virtual businesses evading the rule of law, the need for ample coordination and cooperation between national regulators is paramount. Due to this need, the United States Commodity Futures Trading Commission…
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United Overseas Bank Limited (UOB), Singapore Exchange Limited (SGX) and the China Chamber of International Commerce (CCOIC) have announced today that they have signed a MOU. The alliance has been made in order to help Chinese enterprises use Singapore as a launchpad to expand into ASEAN. LeapRate reminds that SGX has already strengthened ties with…
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India’s premier exchange, BSE, has announced that alongside The India International Exchange (IFSC) Limited (India INX) has signed a memorandum of understanding (MoU) with Moscow Exchange (MOEX). The agreement aims to connect the investors’ community and companies both in India and Russia. BSE and India INX are the first Indian Exchanges to enter into the…
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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 company RB Wealth. RB Wealth is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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Busy Friday for the UK regulator FCA, as it has just released another announcement that it has agreed Memoranda of Understanding (MoUs) with ESMA and EU regulators. The FCA has explained earlier today how it would use the temporary transitional power in an UK leaves the European Union without a withdrawal agreement scenario. The MoUs cover cooperation…
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Retail forex broker FXCM Group, LLC has just announced that it has signed a Memorandum of Understanding (MoU) with The Dubai Gold and Commodities Exchange (DGCX). Both sides confirmed that they intend to launch new products on the DGCX Exchange. Les Male, Chief Executive Officer of DGCX, stated: It is our aim to ensure that we continue…
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