businesses Archives - The Industry Spread

ASIC Updates Information for Businesses on ICOs & Crypto-Assets

May 31, 2019

ASIC has updated Information Sheet 225 Initial coin offerings and crypto-assets (INFO 225) based on our recent experiences with ICOs and crypto-assets, which indicate that ICOs and crypto-assets will often be financial products or involve financial products that are regulated under the Corporations Act.

GSX Group Account Centre Launched for KYC On-boarding of GBX Users

May 14, 2019

As part of the continuing development of the GSX Group ecosystem, and the Gibraltar Blockchain Exchange (GBX) user on-boarding experience, a new KYC centre called the ‘GSX Group Account Centre’, has been created, scheduled to go live on Monday 6th at 8am UTC.

Eddie Yue: Speech at the ISDA 34th Annual General Meeting in Hong Kong

April 25, 2019

Thank you for inviting me to speak at the ISDA Annual General Meeting.  For those of you coming from overseas, let me welcome you to Hong Kong and the very dynamic Asian region.  By now, I hope you have experienced and enjoyed the vibrancy of the city.  Indeed, this same vibrancy runs through Asia, which has got strong economic momentum with a promising outlook.  But as central bankers, our job is to be on the lookout for future challenges and how to overcome them.  So today I’d like to start by outlining two near-term risks on my radar screen, and then discuss two longer-term challenges for Asia.  I would then offer some thoughts on how financial sector developments, including a lot of the efforts that ISDA has been involved in, can help overcome these challenges.

Director Sentenced to Community Service for Abuse of FSPR

April 19, 2019

A New Zealand-based director of Morgan DeVere Corporate Finance Limited has been sentenced to 75 hours of community service for breaching the Financial Service Providers (Registration and Dispute Resolution) Act 2008. (FSP Act). The FMA alleges that the company stated it was registered on the Financial Services Providers Register (FSPR) after it had deregistered.

LSEG – Capital Markets Division Leadership

April 7, 2019

London Stock Exchange Group (“LSEG”, “the Group”) today announces that Raffaele Jerusalmi, Group Director of Capital Markets, LSEG and CEO, Borsa Italiana, has informed the Group of his intention to step down as Group Director of Capital Markets by the end of 2019.

ASX Letter to ASX Shareholder Half-Year 2019

March 29, 2019

On 14 February 2019, ASX Limited (ASX) announced a strong result for the first half of the 2019 financial year (the six months to 31 December 2018 – 1H19). Statutory profit of $246.1 millionwas achieved, up 6.8% – almost $16 million – or up 10.2% on a like-for-like accounting basis, compared to the same period last year. Each of our four businesses grew solidly, as did interest earnings, during a period of heightened volatility, emphasising the benefit of ASX’s diverse business model. 

Linear Investments Launches Cash & Margin Management in Real-Time

March 24, 2019

Real-time Portfolio Margin (RPM) was designed for prime brokers who need to be able to better assess the risk of clients and prospects whilst managing their holistic relationships with their own brokers. The solution delivers interoperable technology, with the flexibility to meet the varying requirements of Linear Investment’s clients.

FINTRAC Announces Better Support for Canadian Businesses

February 11, 2019

To ensure a strong and effective Anti-Money Laundering and Anti-Terrorist Financing Regime for Canadians, FINTRAC is committed to helping businesses comply with their obligations under the Act. Compliance with the Act brings transparency to certain financial activities, helping to deter criminals and terrorists from operating within the legitimate channels of Canada’s economy. It also ensures that FINTRAC receives the information that it needs to generate financial intelligence for Canada’s police, law enforcement and national security agencies.