DFSA FINES RJO $1.3 MILLION FOR INADEQUATE COMPLIANCE SYSTEMS AND CONTROLS

“Compliance is not an incidental cost of doing business, it is a critical function that must be adequately resourced in terms of both number and quality of staff.”

UK FCA: A YEAR IN REVIEW

“We know at the FCA our role is not just about regulating financial services, it’s about safeguarding futures, supporting innovation and informed risk-taking and maintaining a resilient financial ecosystem.”

SINGAPORE MAS FINES CREDIT SUISSE $3.9M FOR OVERCHARGING IN OTC BOND TRADES

Under this regime, MAS has the authority, as per section 232 of the Securities and Futures Act 2001 (SFA), to enter into agreements with individuals or corporations for the payment of civil penalties. The penalties are imposed when there is a contraventio

Deutsche Bank Taps Former Citigroup Dealmaker to LeadGlobal M&A

Deutsche Bank has named former Citigroup dealmaker Alison Harding-Jones as its new globahead of mergers and acquisitions, the German lender said on Thursday.

Century Financial Onboards Ulas Akincilar as Chief Product

As seen on his Linkedln, Ulas joins the company from INFINOX Capital, a globally recognisedUK-based FX broker, where he spent over five years as Head Of Trading and Risk.

FINRA FINES INTERACTIVE BROKERS $3.5M FOR BEST EXECUTION VIOLATIONS

The key findings include IBKR’s failure to comply with best execution and related supervision obligations from January 2014 to February 2023, according to the document seen by FinanceFeeds.

US: MISSOURI AND OKLAHOMA MIGHT END CAPITAL GAINS TAX ON GOLD AND SILVER

“Relying on this clause, which applies only to the states and not to the Federal Government1, the Supreme Court has held that, where the marshal of a state court received state bank notes in payment and discharge of an execution, the creditor was entitled

HAKBAH TAPS OPEN BANKING PLATFORM TARABUT TO MODERNIZE SAVINGS PLATFORM IN SAUDI ARABIA

This collaboration is poised to bring about a paradigm shift for Hakbah, introducing a host of benefits for its customers. Leveraging Tarabut’s open banking and connectivity platform, Hakbah aims to streamline onboarding processes, enhance data processing

EBA AGAINST INCREASING EU DEPOSIT COVERAGE DUE TO LIMITED IMPACT, COST, AND MORAL HAZARD

4% of depositors, predominantly companies, hold more than half of all deposits in the EEA. This distribution highlights a significant concentration of deposit value among a small percentage of depositors.

EBA WANTS INVESTMENT FIRMS TO PROVIDE DATA ON DIVERSITY, INCLUDING GENDER PAY GAP

The legal basis for these Guidelines is rooted in Article 91(11) of the CRD and Article 9(1) of the MiFID Directive, which mandate the EBA and competent authorities to benchmark diversity practices in management bodies of institutions and investment firms

SOLISMARKETS AND TRADERS-EDUCATION JOIN FORCES TO ENHANCE TRADING EDUCATION

SolisMarkets, a leading broker based in South Africa, is excited to announce its partnership with Traders Education, white-label education, trading tools, and news provider. This collaboration aims to empower SolisMarkets’ traders with valuable knowledge

UK AND SWITZERLAND SIGN BERNE PACT FOR OPEN ACCESS TO FINANCIAL SERVICES

The Berne Financial Services Agreement legally binds open access to financial services between the two countries, maintaining high regulatory standards, market fairness, and investor protection.

CANADA: QUÉBEC’S AMF FINES REFINITIV FOR OPERATING UNREGISTERED DERIVATIVES EXCHANGE

As a measure to align with Québec securities legislation, Refinitiv has submitted an application to the AMF seeking exemptive relief from being recognized as an exchange. This step is an effort to rectify its regulatory compliance status.

ADGM LAUNCHES ONLINE DISPUTE RESOLUTION PLATFORM DESIGNED FOR A GLOBAL AUDIENCE

The process is straightforward: parties can submit a dispute on the platform and answer a series of questions that help formulate a tailored settlement offer to the other party. Once both parties join the platform, they can begin online negotiations with

UK FCA REFUSES TO COMPENSATE COLLAPSED PREMIER FX’S CUSTOMERS

The FCA disagrees with the recommendation for ex-gratia compensation for distress, inconvenience, and consequential loss, maintaining that an apology and a payment for complaint handling delays are more appropriate. The regulator argues that the direct ca