UK competition watchdog voices concerns over FNZ’s purchase of GBST

FNZ's purchase of GBST raises competitive concerns in the provision of retail investment platform solutions in the United Kingdom. FNZ's acquisition of GBST raises competition concerns in the supply of retail investment platform solutions in the UK, according to a…

Survey shows substantial growth in HK derivatives market

The market turnover volume increased by 62% to 284 million contracts, according to the 2018/19 survey. Hong Kong Exchanges and Clearing Limited (HKEX) today released the results of its 2018/19 Derivatives Market Transaction Survey, revealing that the Hong Kong derivatives…

ABN AMRO expects Q1 2020 cost of risk to exceed 25-30bps through-the-cycle cost of risk range

ABN AMRO confirms that it plans to record a loss in the first quarter of 2020. ABN AMRO Bank NV (AMS: ABN) forecasts that the cost of risk for EF2020 and in particular Q1 2020 will be significantly higher than…

Nomura contributes to NRI’s digital asset bond and digital bond offering

It is the first bond offering using blockchain technology by a Japanese issuer. Nomura Securities Co., Ltd., a subsidiary of Nomura Holdings Inc (TYO: 8604), and BOOSTRY Co., Ltd., a joint venture between Nomura and Nomura Research Institute, Ltd. (NRI),…

Finablr announces Board changes, Ernst & Young resigns as auditor of the company

Abdulrahman Basaddiq and Bassam Hage have resigned as directors of Finablr. Provider of cross-border payments, currency and payment technology Finablr PLC (LON: FIN) today announces changes to its board of directors. Abdulrahman Basaddiq and Bassam Hage resigned as directors of…

UBS proposes maximum aggregate compensation of CHF 13m for BoD members

The Board of Directors proposes a maximum global amount of compensation of CHF 13 million for the members of the Board for the period from AGM 2020 to AGM 2021. UBS Group AG (SWX: UBSG) today released the agenda for…

Canada’s investment industry body hikes spot risk margin rate for USD/CAD

IIROC continues to modify the spot exchange rate risk margin rates for basic currency accounts in Canadian and US dollars. Persistent market volatility has prompted the Canadian Securities Regulator (IIROC) to make further changes to the list of Forex currency…

Russian Forex self-regulatory body reschedules inspections of FINAM Forex and VTB Forex

The Association of Forex Dealers postpones scheduled FINAM Forex and VTB Forex inspections by several months. The Association of Forex Dealers (AFD), the Russian industry regulator OTC FX, has changed the schedule for FINAM Forex and VTB Forex inspections. The…

Morgan Stanley secures approval to take majority stake in China securities JV

The current business of Morgan Stanley Huaxin Securities includes the subscription and sponsorship of shares in the Chinese domestic market, as well as the subscription, sponsorship and trading on own account of bonds. Leading global financial services company Morgan Stanley…

US Govt says OneCoin co-conspirator is flight risk and economic danger to community

Authorities insist that Mark Scott remain in detention pending his conviction. OneCoin co-conspirator Mark Scott, convicted of conspiracy to launder money and conspiracy to commit bank fraud, objected to the US government over his release request on bail pending conviction.…