Charles Randell has asked the Chancellor of the Exchequer to commence the process to appoint his successor as Chair of the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR). Mr Randell plans to step down in Spring 2022. The Chancellor of the Exchequer, Rishi Sunak, commented: ‘I want to thank Charles Randell for his…
Digital token exchange Bitfinex has announced that it has consolidated its position as the preeminent hub for institutional investors in the bitcoin space after doubling the exchange’s server capacity. Bitfinex has increased the volume of heavy duty servers at its Zug-based data centre amid surging demand to trade digital tokens among hedge funds, institutional investors…
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The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today announces that its next Chair will be Verena Ross. The appointment was confirmed by the Council of the European Union at its meeting today in Brussels. Ms Ross will take up her position on 1 November 2021. Anneli Tuominen, Interim Chair, said:…
The Goldman Sachs Group, Inc. (NYSE:GS) has just posted its financial results for the third quarter of 2021. Net revenues in Global Markets were $5.61 billion for the third quarter of 2021, 23% higher than the third quarter of 2020 and 15% higher than the second quarter of 2021. Net revenues in FICC were $2.51…
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The Australian Securities and Investments Commission (ASIC) today released its 2020–21 Annual Report. The document provides an insight into ASIC’s activities during the past year, including licensing. ASIC assesses applications for AFS licences and credit licences. The regulator also maintains a number of professional registers for registered companies, self‐managed superannuation funds (SMSFs), auditors, company auditors…
Read More “ASIC approves 776 Australian Financial Services licences in 2020-21” »
The United States Commodity Futures Trading Commission (CFTC) has no official information regarding the reported death of John D. McAfee, who is accused of digital asset fraud. This becomes clear from a status report filed by the CFTC in the New York Southern District Court on October 14, 2021. The CFTC understood that McAfee was…
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UK direct-to-investor investment and online trading firm Hargreaves Lansdown PLC (LON:HL) today published a trading update in respect of the three month period to 30 September 2021 (Q1 FY22). Net new business was £1.3 billion during the period (2020: £0.8bn) driven by higher client numbers, ongoing wealth consolidation on to our platform and flows into Active…
Read More “Hargreaves Lansdown reports slight drop in revenues in Q1 FY22” »
Online trading company eToro has consolidated all the Trade Markets, Copy People, and Invest in Smart Portfolios pages into one comprehensive ‘Discover’ page. The discovery is now a unified, all-in-one destination for those who want to explore their first or next investment opportunities. You’ll be able to see our broad range of offerings in a…
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blackout of 10 new websites that abusively offer financial services. The latest set of orders targets the following entities: Vibeinv Invest Limited (website www.vibeinvv.com); AdmiralFX Cyprus Ltd (website www.admiralfx.net); AdmiralECN Cyprus Ltd (website www.admiralecn.net); Billion Traders Services OU (website https://mytradingportal.com and related page https://my.mytradingportal.com); Cam Trade…
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The United States Commodity Futures Trading Commission (CFTC) today announced the imposition of a $500,000 fine on UBS AG, a provisionally registered swap dealer, for failing to retain certain audio recordings for the time required under CFTC regulations. The order finds that as a result of failures in UBS’s audio retention systems, the firm deleted…
