CFTC and Australian Prudential Regulation Authority Sign Memorandum of Understanding
April 15th, 2015
The U.S. Commodity Futures Trading Commission (CFTC) announced today that CFTC Chairman Tim Massad and Australian Prudential Regulation Authority (APRA) Chairman Wayne Byres have signed a Memorandum of Understanding (MOU) regarding cooperation and the exchange of information in the ...
Prudential Regulation Authority and Financial Conduct Authority consult on proposals
July 30th, 2014
The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have today published two joint consultation papers aimed at improving individual responsibility and accountability in the banking sector. These changes include a new approval regime for the most senior individuals ...
The European Banking Authority issued Opinion on the design of a new prudential framework for investment firms
October 19th, 2017
The European Banking Authority (EBA) published its Opinion on the design and calibration of a new prudential framework for investment firms, which is specifically tailored to the needs of investment firms’ different business models and inherent risks. The Opinion ...
Chairman of the Financial Conduct Authority UK confirms plan to leave the FCA
June 20th, 2017
John Griffith-Jones, Chairman of the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR), has confirmed that he will leave both organisations at the end of his term of office, on 31 March 2018. John Griffith-Jones commented: “I ...
MAS announced changes to Finance Companies Regulations
February 14th, 2017
The Monetary Authority of Singapore (MAS) announced today regulatory changes to strengthen the resilience of finance companies and enhance their ability to provide financing to small and medium sized enterprises (SMEs). Relaxation of business restrictions with enhanced prudential standards ...
Update on the implementation of the EU Audit Directive and Regulation
September 1st, 2015
The Department of Business Innovation and Skills has published an update on the implementation of the EU Audit Directive and Regulation: “Following Baroness Neville-Rolfe’s Written Ministerial Statement of 20 July 2015, which named the Financial Reporting Council (FRC) as the ...
IronFX was granted enhanced Financial Conduct Authority (FCA) licence
October 15th, 2014
IronFX Global UK Ltd was granted with an enhanced Financial Conduct Authority (FCA) licence. The enhanced permission will allow IronFX Global UK to deal as principle and agent in investments as well as to hold client funds. With this ...
Market Regulation
February 4th, 2014
A “regulated market” or “organized market” as defined by Directive 2004/39/EC means the multilateral system managed or operated by a market operator and which brings together or facilitates the bringing together of multiple third-party buying or/and selling interests in ...
The end of the LBMA is nigh
May 20th, 2021
Basel 3 is on course to regulate the LBMA out of existence. And with it will go all the associated arbitrage business and position-taking on Comex, because most bullion bank trading desks will cease to exist. The only ...
FCA UK sets out its approach to international firms; Authorisation and Supervision
February 25th, 2021
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has published early in February its approach to the authorisation and supervision of international firms. The publication explains how the FCA ...
