OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Sanctions Imposed in Supervisory Proceedings
Sanctions Imposed in Supervisory Proceedings. The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) is imposing higher administrative fines in its securities supervision activities than in previous years. At an event held in Frankfurt, BaFin…
JFD Brokers Combines Retail and Institutional Services Under…
Following the acquisition of German-based investment bank ACON by JFD Brokers, the Group has decided to rename the business to JFD Bank and combine its retail and institutional services under the same brand. It is…
BaFin: Illegal investment schemes
Illegal investment schemes, When business transactions or financial services are provided without authorisation from BaFin Enticed by promises of incredible profits from sure-fire financial bets, consumers daily invest their money in non-licensed offers taking the form…
BaFin Plans Renewed National Restriction on CFDs for…
After preparing for the expiry of the product intervention measure imposed by the European Securities and Markets Authority (ESMA) with regard to binary options, the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) is now doing the same regarding contracts…
BaFin Plans National Prohibition of Binary Options for…
The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) is planning to prohibit the marketing, distribution and sale of binary options to retail clients at a national level. For this purpose, it has today published the draft version…
Financial Stability Between Aspiration and Reality – How…
Opening Statement by Felix Hufeld, President of the Federal Financial Supervisory Authority (BaFin), at the Opening Conference of the 21st Euro Finance Week on 12 November 2018 in Frankfurt am Main. Check against delivery. How predictable is the next crisis, ladies and…
SFC signs MoU with BaFin on enhanced supervision…
The Securities and Futures Commission (SFC) has entered into a memorandum of understanding (MoU) with the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) providing for consultation, cooperation and exchange of information in connection with the supervision and…
BaFin publishes advisory letter on the classification of…
For some time now, BaFin has been receiving an increasing number of queries enquiring whether tokens and virtual currencies (referred to as ”tokens“) marketed to investors in initial coin offerings (ICO's) are considered to be financial instruments.…