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ASIC

Former Financial Adviser Sentenced to Six Years’ Imprisonment for Dishonest Conduct

Graeme Walter Miller, a former financial adviser and director of Australian financial services licensee CFS Private Wealth Pty Ltd, was sentenced on 31 July 2020 to six years’ imprisonment for misappropriating $1.865 million of client…

US Securities and Exchange Commission - VALIC

SEC Announces New Small Business Capital Formation Advisory Committee Members

Washington D.C., Aug. 4, 2020 — At today’s meeting of the Small Business Capital Formation Advisory Committee, the Securities and Exchange Commission - SEC announced the appointment of two new members to the Committee: Kesha…

MAS

New Asian Institute of Digital Finance to Spearhead FinTech Education and Research

Singapore, 4 August 2020… The Monetary Authority of Singapore (MAS), the National Research Foundation (NRF) and the National University of Singapore (NUS) will be jointly setting up a research institute that will develop deep capabilities…

transparency

IMF: Transparency Makes Central Banks More Effective and Trusted

The role and mandates of central banks have become broader and more complex since the 2008 global financial crisis. The unconventional nature and growing scale of interventions (as seen again during the COVID-19 pandemic) have brought…

Working, Accenture, FPC, 2%, purchases

The Bank of England appoints Accenture as the Technology Delivery Partner for the Real Time Gross Settlement Service Renewal Programme

This follows a public procurement process which commenced in February 2019. The Bank of England will work with Accenture to develop and build this new world class payments service. RTGS is a critical piece of…

BankofCanada, Canadians, cash, target, operations, schedule

Bank of Canada publishes its 2021 schedule for policy interest rate announcements and other major publications, makes change to effective date of rate decisions

The Bank of Canada today published its 2021 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of…

economy, COVID, eligible, policy, model, jobs, FSB, extensions

Federal Reserve Board announces the extensions of its temporary U.S. dollar liquidity swap lines and the temporary repurchase agreement facility for foreign and international monetary authorities (FIMA repo facility) through March 31, 2021

The Federal Reserve on Wednesday announced the extensions of its temporary U.S. dollar liquidity swap lines and the temporary repurchase agreement facility for foreign and international monetary authorities (FIMA repo facility) through March 31, 2021.…

CSA

Ontario Introduces Interim Registration and Prospectus Exemptions to Facilitate Start-up Securities Crowdfunding

Toronto –The Canadian Securities Administrators (CSA) today announced that in light of COVID-19 and the challenges it presents to small businesses seeking to raise capital, the Ontario Securities Commission (OSC) made an interim local order…

ASIC

ASIC Releases Final Updated Guidance on Complaints Handling

ASIC has today released updated requirements for how financial firms deal with consumer and small business complaints – under their Internal Dispute Resolution (IDR) procedures.   ‘Complaints handling is the first step in the dispute…

US Securities and Exchange Commission - VALIC

SEC Charges Former Georgia State Legislator With Defrauding Investors in Ponzi Scheme

Washington D.C., July 30, 2020 — The Securities and Exchange Commission today charged former Georgia state legislator and former member of the Georgia Board of Regents Clarence Dean Alford with defrauding at least 100 investors…