According to the prosecution, the alleged scheme took place between 2005 and 2012 and spread through several countries and reportedly and cost the French state over €100 million of "fiscal damage". Credit Suisse said in a press statement: The settlement provides for a public interest fine comprising a profit disgorgement of EUR 65.6 million and…
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According to the international central securities depository (ICSD), the enforcement of the Settlement Discipline Regime (SDR) has made the tools necessary as failed settlement transactions result in financial penalties, operational overheads and reputational damage Clearstream also noted that the interactive visualisation on the new Settlement Dashboard tool provides clients with multiple views, including a view…
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Coinbase has recently settled a class-action lawsuit that was filed against the exchange by the victims of the now-extinct cryptocurrency exchange Cryptsy for nearly $1 million. The settlement between the Cryptsy victims and Coinbase was reached in December 2019. The exact amount of the settlement is $962,500 and it will be transferred to an escrow account.…
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The Cyprus regulator CySEC announced that it has reached a settlement with the company Banc De Binary Ltd. for violations of The Investment Services and Activities and Regulated Markets Law of 2007. The settlement reached with Banc De Binary Ltd. is for the amount of €300.000 and has already been paid by the company. CySEC…
Read moreOTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx) that provides clearing services for over-the-counter, or OTC, derivatives, has welcomed Citigroup Inc (NYSE:C) as its first Clearing Member from the United States. "We are pleased to admit Citi as our first US Clearing Member following our receipt of No Action…
Read moreEurex, one of the world's leading derivatives exchanges with offices stretching from Chicago to Frankfurt to Singapore let it be known today that it had started offering its Trade Entry Services (TES) for customers based in the U.S. as of November 16th. Eurex’s TES enable trading participants to enter off-book transactions into the Eurex system,…
Read more“Our clients can already open RMB accounts, settle trades in RMB and enjoy executing RMB electronically using our CommBiz Markets platform with single sign on settlements capability,” said CBA executive general manager, international institutional banking and markets, James Rickward.
Read moreFX risk settlement firm CLS has announced aggregation and settlement volumes of 1,035,978 for August, a figure which represents an increase of 11.9% from 926,174 in July
Read moreThe move would save transaction fees and hedge against forex volatility.
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