August 25, 2019
It is only seven days until the 29 August 2019 PPI complaints deadline and the Financial Conduct Authority (FCA) is urging the 18% of consumers (almost one in five) who say they’ll make a last-minute decision on whether to complain about PPI to act now – before time is up.
July 15, 2019
ASIC’s review of the sale of consumer credit insurance (CCI) by 11 major banks and other lenders has found that the design and Sales Practices of CCI has consistently failed consumers. ASIC’s report (REP 622) highlights the very low value of CCI products and the unfair way they are promoted and sold to consumers. This work forms part of ASIC’s broader priority to address fairness to consumers and, in particular, harms in insurance.
July 4, 2019
The Monetary Authority of Singapore (MAS) welcomes the announcement by the Bank for International Settlements (BIS) to establish an Innovation Hub Centre in Singapore. The Hub Centre in Singapore, along with Hub Centres in Basel and Hong Kong, is a key pillar in a new BIS Innovation Hub initiative [1] to foster collaboration within the central banking community on FinTech issues.
June 8, 2019
Viral Tolat one of the original co-founder of Silicon Valley based FX software and technology service provider Integral Development Corp and former CEO of UK based FX & Crypto trading firm TradAir has moved on to a new venture. Viral has now established a new firm called Neural Engines – a company that is focused on creating a platform for building applications. The content of firm’s website shows that they are on to some unique and exciting plans and prospects despite still being on their early days.
June 3, 2019
Singapore, 29 May 2019…In response to media queries on the US Treasury Report on Macroeconomic and Foreign Exchange Policies (UST Report) released today, the Monetary Authority of Singapore (MAS) said that it does not engage in currency manipulation for export advantage.
May 27, 2019
Singapore based OCBC bank and China based Bank of Shanghai sign yet another MOU in a bid to deepen their strategic partnership. The signing of MOU between the two banking giants is viewed by many as groundwork for further business progress in future.
May 25, 2019
At the 44th Annual International Organization of Securities Commissions (IOSCO) Conference in Sydney, Australia, the Chairmen of the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC) participated in a signing ceremony on May 15 for the IOSCO Enhanced Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (EMMoU).
May 24, 2019
At the 44th Annual International Organization of Securities Commissions (IOSCO) Conference in Sydney, Australia, the Chairmen of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission (CFTC) participated in a signing ceremony on May 15 for the IOSCO Enhanced Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (EMMoU).
May 9, 2019
Italy’s largest lender UniCredit is selling its stake in its online broker business Finecobank yet again in a bid to seek more capital. According to statement released by the lender yesterday, the firm is selling 17% stake in its online broker business which is nearly half of its 35.35% stake the lender currently owns.
May 1, 2019
SIX and Shanghai Stock Exchange renewed their MoU (Memorandum of Understanding) with the intention to further deepen their collaboration which was initiated in 2015. A Swiss delegation visited the Shanghai Stock Exchange today, where the two parties signed the document in the presence of Swiss Confederation President Ueli Maurer.
