Financial Sector Archives - The Industry Spread

Italian Lender UniCredit Sells Its Stake in Fineco Bank Once Again

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.

Avelacom Strengthens Hold over Asian Market with Launch of POP in Thailand Stock Exchange

May 3, 2019

Avelacom – used based multi-national IT infrastructure solutions provider for the financial sector continues its endeavor to strengthen its hold over Asian market. Avelacom is widely known for its network services via which it facilitates major financial firms to gain high-speed low latency connectivity for their trading activities in over 20+ international venues across the globe.

FCA Sets out its Business Plan Priorities for 2019/20

April 22, 2019

As the UK finalises preparations to leave the European Union, the immediate priority will remain supporting an orderly transition post-exit. The FCA will also continue to play a leading role in shaping the global regulatory framework working with other national regulators and international bodies.

Regulators Sign an Agreement With the Financial Conduct Authority

April 21, 2019

 The securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Québec and Saskatchewan (participating jurisdictions) today announced a co-operation agreement with the United Kingdom Financial Conduct Authority (FCA).

First Meeting of the PRA and FCA’s joint Climate Financial Risk Forum

March 16, 2019

On Friday 8 March, the PRA and FCA hosted the first meeting of the Climate Financial Risk Forum (CFRF). The objective of the CFRF is to build capacity and share best practice across financial regulators and industry to advance financial sector responses to the financial risks from climate change.

ASIC Welcomes New Whistleblowing Laws

March 4, 2019

ASIC has welcomed the passing of the Treasury Laws Amendment (Enhancing Whistleblower Protections) Bill 2018, approved by Parliament late on 19 February 2019. The reforms significantly improve the protections available for whistleblowers who report company misconduct.

APRA Welcomes IMF Report on Australian Financial System

March 4, 2019

The Australian Prudential Regulation Authority (APRA) welcomes the IMF’s Financial Sector Assessment Program (FSAP) report on Australia [1], which concluded that the Australian financial system has been further strengthened since the IMF’s previous assessment in 2012. The 2018 FSAP underscores the strength and resilience of the Australian financial system.