regulation
Canadian Regulator Extends Key Trade Reporting Deadlines Into 2015
- The Canadian Securities Administrators (CSA) has announced that it will extend key commencement dates for over-the-counter (OTC) derivatives trade reporting for market participants and clearing agencies.
Monday, 14/04/2014 | 11:28 GMT by
Jeff Patterson
Leading Chinese Bitcoin Exchanges Mount Overseas Exodus Amidst PBOC Policy Shift
Saturday, 12/04/2014 | 13:20 GMT by
Jeff Patterson
Officials From Leading Central Banks Gather In Sydney To Address FX Allegations
- A panel of senior fx officials constituting some of the leading central banks will meet in Sydney Friday for an annual meeting, whose focus will likely entail a string of probes alleging charges of fx collusion.
Thursday, 10/04/2014 | 17:26 GMT by
Jeff Patterson
New Zealand FMA Initiates New Guidelines, Broker Exodus Ahead?
- New Zealand’s Financial Market Authority (FMA), has announced the launch of Phase One in its initiation of new regulations in the country. Among changes is the requirement of increased net capital for foreign FSPs.
Wednesday, 09/04/2014 | 11:52 GMT by
Ron Finberg
Ontario Securities Commission Adds a CySEC-Regulated CIF to its Warning List
- The OSC has warned Ontario residents that the company operating binary options brands including 24option.com, 24fx.com, zoneoptions.com, grandoption.com, and binaryoption-affiliate.com, is not regulated in Canada.
Tuesday, 08/04/2014 | 20:50 GMT by
Steven Hatzakis
FIA Launches New Monthly Report To Foster Industry Transparency
- The Futures Industry Association (FIA) has announced the launch of its swap execution facilities (SEF) Tracker, a periodically released report detailing the trading activity placed on SEFs, credit, and fx.
Tuesday, 08/04/2014 | 18:12 GMT by
Jeff Patterson
Australian Watchdog Set To Sharpen Its Teeth: Submits Reforms Recommendations
- ASIC calls for extending its reach and toughening its penalties. The Australian regulator is petitioning the government for the ability to set heavier fines and longer jail terms in non-criminal proceedings.
Tuesday, 08/04/2014 | 15:55 GMT by
Avi Mizrahi
Capital Markets Services To Pay CFTC $275,000 For Allegedly Failing Minimum Financial Requirements
- The company's adjusted net capital dropped below capital requirement by as much as $13 million at one point. The CFTC settled with the company as it provided complete cooperation in regards to the matter.
Tuesday, 08/04/2014 | 00:29 GMT by
Victor Golovtchenko
New Russian Forex Bill: Offshore Regulation To Be Banned
- The Russian Duma will vote on a second reading the FX regulation bill on the 23rd of April, meanwhile the Parliament’s financial markets committee will ponder banning brokers based in offshore financial centres.
Monday, 07/04/2014 | 19:47 GMT by
Victor Golovtchenko
Henyep Capital Markets Ltd. Launches FCA-Licensed HY Binary Options
- UK-based Henyep Capital Markets Ltd. has announced the launch of HY Binary Options, a fully regulated and FCA-licensed company - the first such regulated entity since Alpari's exit from the industry.
Friday, 04/04/2014 | 12:17 GMT by
Jeff Patterson
MFSA Issues Statement On Unlicensed FX Brokers Amidst False Claims Of Oversight
- The Malta Financial Services Authority has issued a statement of warning, addressing the increasing number of unlicensed fx brokers operating in the country though a string of websites and advertisements.
Friday, 04/04/2014 | 09:22 GMT by
Jeff Patterson
ESMA Makes Public Its Trade Repository Supervision Plan For 2014
- The ESMA has outlined the main challenges surrounding the Trade Repositories entities that are playing a key role in the implementation of EMIR reporting of OTC derivatives data, how will it address them remains key.
Thursday, 03/04/2014 | 21:46 GMT by
Victor Golovtchenko
Court Rules MF Global to Disburse Remaining $1.2 Billion To Its Former Customers
- An appeal to the November US District Court decision to the Federal court has been rejected. Customers of MF Global will receive their money in full two years after the company has filed for bankruptcy.
Thursday, 03/04/2014 | 18:36 GMT by
Victor Golovtchenko
“Meet The Experts” Welcomes Its Newest Contributing Expert, Mark Kelly
- Forex Magnates’ “Meet the Experts” platform is pleased to announce its newest contributing expert, Mark Kelly, Director at Abide Financial Ltd., who brings with him an extensive background in transaction reporting.
Thursday, 03/04/2014 | 16:07 GMT by
Jeff Patterson
SFC Alerts of 'Universe Citizen Limited' FXCitizen.com as Unlicensed in Hong Kong
- The Securities and Futures Commission (SFC) of Hong Kong (HK) has added this website and a related entity to its Alert list, as it thought the the firm isn't licensed in HK after it may have targeted HK residents.
Wednesday, 02/04/2014 | 09:05 GMT by
Steven Hatzakis
US Regulator Continues to Haunt Queen Shoals Fraudsters - Issues $5.76 million Penalty
- A US couple involved in a high level FX Ponzi scheme were subject to a monetary penalty issued by the country's financial watchdog. A federal court issued an Order whereby the defendants were fined $5.76 million.
Monday, 31/03/2014 | 21:19 GMT by
Adil Siddiqui
Allegations Surrounding Eight Banks Draw FX Probe from Swiss Competition Commission
- Amidst mounting allegations of currency manipulation, the Swiss Competition Commission has initiated an investigation into UBS, Credit Suisse, and six other banks, following an earlier preliminary attempt.
Monday, 31/03/2014 | 11:18 GMT by
Jeff Patterson
FCA Releases Business Plan for New-Year, Outlining LIBOR Oversight and New Responsibilities
- The UK’s Financial Conduct Authority (FCA) has announced its new methodology for examining traders’ behaviors in an effort to curb the risk of benchmark manipulation, part of its overall Business Plan in 2014.
Monday, 31/03/2014 | 09:38 GMT by
Jeff Patterson
NZ Regulatory Body Launches Forex Probe as Scope of Allegations Widens
- The widening scope of a global forex investigation has now extended to New Zealand, as the country’s Commerce Commission has announced the launch of a probe into the manipulation of currency rates.
Monday, 31/03/2014 | 06:46 GMT by
Jeff Patterson
SFO Charges 3 Ex-ICAP Brokers over Japanese Yen LIBOR Case, as Investigation Unfolds
- The UK's Serious Fraud Office (SFO) has announced charges against three former ICAP employees including Danny Martin Wilkinson, Darrell Paul Read, and Colin John Goodman, over alleged JPY LIBOR rate manipulation.
Friday, 28/03/2014 | 19:00 GMT by
Steven Hatzakis
FCA Goes on Warning Spree: Clone Website, Unregulated Broker and Traders in Line of Fire
- The Financial Conduct Authority has just made several announcements, two including traders it warned surrounding benchmark rigging cases, and warned of a fake clone website, and a firm not regulated in the UK.
Thursday, 27/03/2014 | 15:44 GMT by
Steven Hatzakis
UBS Suspends More FX Traders Across Three Continents As Investigation Deepens
- Embattled Swiss banking giant UBS AG, has suspended at least four forex traders in the United States, Singapore, and Switzerland following an ongoing probe into the rigging of currency markets and rates.
Wednesday, 26/03/2014 | 21:15 GMT by
Jeff Patterson
Global Electronic FX Volume Rises to 74% in 2013 as Firms Seek More Transparent Means
- The string of fx probes launched over abuses into the manipulation of currency rates has gradually necessitated more transparent electronic trading means, which in 2013 rose to encompass 74% of fx transactions.
Wednesday, 26/03/2014 | 18:48 GMT by
Jeff Patterson
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