Archives
ESMA readies MiFID II, MAR, and CSDR
September 28th, 2015
The European Securities and Markets Authority (ESMA) today published its final technical standards (TS) on some of the most important pieces of post-crisis financial regulation: the Markets in Financial Instruments Directive (MiFID II), the Market Abuse Regulation (MAR) and the Central Securities Depositaries Regulation(CSDR). ...
Federal Court Orders Futures International LLC and its Chief Operating Officer, to Pay $500,000 Penalty
September 28th, 2015
Federal Court in Illinois Orders Futures International LLC and its Chief Operating Officer, Amedeo Cerrone, to Pay $500,000 Penalty for Recordkeeping Violations, False Statements, Unauthorized Trading, and Supervision Failures The U.S. Commodity Futures Trading Commission (CFTC) today announced that ...
UNAVISTA AND DTCC partner to provide MIFIR reporting Services
September 28th, 2015
Connects largest global derivatives reporting service, DTCC Global Trade Repository (GTR), with largest European MiFID Approved Reporting Mechanism Fully complies with MiFIR reporting requirements scheduled to go live in early 2017 GTR to establish direct connection to UnaVista’s MiFIR ...
Caribbean Association of Banks endorses SWIFT’s KYC Registry
September 28th, 2015
SWIFT’s KYC Registry gains momentum amongst Caribbean banks. SWIFT today announces that the Caribbean Association of Banks (CAB), with regional membership of 45 financial institutions across 16 countries, endorses The Know Your Customer (KYC) Registry, a centralized repository that ...
Shell stops Arctic activity after ‘disappointing’ tests
September 28th, 2015
Royal Dutch Shell has stopped Arctic oil and gas exploration off the coast of Alaska after “disappointing” results from a key well in the Chukchi Sea. In a surprise announcement (read below the announcement), the company said it would ...
Swiss Investigate Seven Banks Over Precious Metals Market Trading
September 28th, 2015
Inquiry involves possible collusion between UBS, Julius Baer, Deutsche Bank, HSBC, Barclays, Morgan Stanley and Mitsui A Swiss regulator has opened an investigation into precious metals trading at a group of large banks, marking the latest in a line ...
Moscow Exchange Adopts New Dividend Policy
September 28th, 2015
Moscow Exchange‘s Supervisory Board on 23 September approved a new dividend policy, raising the payout floor to 55% of the Group’s net profit under IFRS. “Moscow Exchange’s updated dividend policy underscores the record payout ratio that the Company achieved ...
Blockchain Identity: Solving the Global Identification Crisis
September 28th, 2015
Bitcoin and the underlying technology of the blockchain has become a pretty important invention of our time. The cryptocurrency application itself has given us a sketch of new meanings that apply to money and mediums of exchange. The blockchain ...
Fourth and final director sentenced in OPI Pacific Finance case
September 28th, 2015
A former director of OPI Pacific Finance, David Mark Anderson, has today been sentenced in the Auckland High Court for misleading investors. Mr Anderson was sentenced to 300 hours community work and ordered to pay AUD $100,000 in reparation ...
UPDATE: Audi and Skoda say 3.3m cars have ‘cheat’ emissions software
September 28th, 2015
Audi and Skoda say they have a total of 3.3 million cars fitted with the software that allowed parent company Volkswagen to cheat US emissions tests. Some 2.1 million Audis affected worldwide include 1.42 million in western Europe, with 577,000 ...
