transactions Archives - The Industry Spread

SEC Names Sean Memon as Chief of Staff

June 28, 2019

The Securities and Exchange Commission today announced that Sean Memon will become the agency’s Chief of Staff. Mr. Memon has served as the SEC’s Deputy Chief of Staff since May 2017.  In that capacity, Mr. Memon has served as a senior advisor to Chairman Clayton on legal, policy and management matters affecting all aspects of the agency’s mission, including rulemaking, enforcement, examinations and internal agency operations. 

LINE’s Crypto Exchange Deploys Chainalysis Compliance Solution

June 23, 2019

Chainalysis KYT is currently live on 110 cryptocurrency businesses and financial institutions in 35 countries.  Leading blockchain analysis company, Chainalysis, has rolled out its cryptocurrency compliance solution for  LINE’s digital asset exchange, Bitbox.

Operational Alert: Laundering of the Proceeds of Romance Fraud

April 12, 2019

Romance fraud involves perpetrators expressing false romantic intentions toward victims to gain and then take advantage of their trust and affection in order to access their cash, bank accounts and credit cards. The Canadian Anti-Fraud Centre has found that romance fraud victims account for some of the highest dollar losses per year from mass marketing frauds in Canada. However, romance fraud is one of the lowest reported types of mass marketing fraud, because victims can be ashamed to come forward, or may be unaware or unwilling to accept that they are a victim.

MSCI Appoints Interim Chief Financial Officer

March 11, 2019

NEW YORK–(BUSINESS WIRE)–MSCI Inc. (NYSE: MSCI) (the “Company”), a leading provider of indexes and portfolio construction and risk management tools and services for global investors, announced today that Andrew C. Wiechmann, who has been serving as the Company’s Head of Strategy, Corporate Development and Investor Relations, has been appointed Interim Chief Financial Officer and Treasurer, effective March 5, 2019. In connection with this appointment, Mr. Wiechmann is also now a member of the Company’s Executive Committee. Kathleen A. Winters has resigned from her roles as Chief Financial Officer and Treasurer of MSCI to become the Chief Financial Officer of a large global company. Her last day at the Company will be March 15, 2019. 

Joint Media Release between MAS and European Commission

February 25, 2019

Vice President of the European Commission for Financial Stability, Financial Services and Capital Markets Union, Valdis Dombrovskis, and the Deputy Prime Minister of Singapore and Chairman of the Monetary Authority of Singapore, Tharman Shanmugaratnam: A common approach on certain derivatives trading venues

Eurex Clears First Swap Transaction for U.S. End Clients

February 15, 2019

The transaction is the next important milestone in Eurex’s strategy to expand its U.S. distribution. As recently as December 2018, the CCP received approval from the Commodity Futures Trading Commission (CFTC) to offer customer swap clearing in addition to the clearing services for futures already provided.

CFTC Staff Acts to Expand U.S. Customer Options for Clearing Swaps

December 25, 2018

The U.S. Commodity Futures Trading Commission’s (CFTC) staff today issued permission to Eurex Clearing AG (Eurex) to begin clearing swap transactions on behalf of customers of futures commission merchants (FCMs), providing U.S. customers with another option for clearing their swap transactions.

ASIC Reviews Allocations Practices in Equity Raising Transactions

December 24, 2018

ASIC’s review of allocations in equity raising transactions underscores the potential impact of conflicts of interests in allocation decisions. ASIC highlights areas of improvement for both financial services licensees (licensees) and issuers when raising equity on our listed markets.