Three former employees of Barclays Bank plc have been convicted by a jury at Southwark Crown Court of conspiracy to defraud in connection with an SFO investigation into the manipulation of US Dollar LIBOR.
read more...UK's Serious Fraud Office: LIBOR Traders And Submitters Found Guilty
Venture Capital Contracting in Theory and Practice
This paper provides a comprehensive theoretical and empirical literature review of venture capital contracts, highlighting discrepancies between theory and practice.
read more...ESMA Is Seeking Secondary Market Experts To Join Consultative Industry Group
The European Securities and Markets Authority (ESMA) has published today a call for candidates to newly constitute a Consultative Working Group (CWG) for the ESMA Secondary Markets Standing Committee (SMSC) as the two-year-term of the existing CWG will expire shortly.
read more...The Egyptian Exchange: Eid Al-Fitr Al Mubarak Vacation
On the occasion of Eid Al-Fitr Al Mubarak for the year 2016, and based on the Cabinet and Central Bank of Egypt (CBE) decision, it was decided for EGX holiday to be for 3 days starting from Tuesday 5th July to Thursday 7th July 2016; trading to be resumed on Sunday 10th of July 2016.
Euronext Announces Volumes For June 2016
Euronext, the leading exchange in the Eurozone, today announced trading volumes for June 2016.
read more...Inequality, Debt and Credit Stagnation
Sue Lewis Re-Appointed Chair Of The Financial Services Consumer Panel
The Financial Conduct Authority has re-appointed Sue Lewis Chair of the Financial Services Consumer Panel for a further two and a half years, from 1 July.
read more...Moscow Exchange Begins Calculating And Releasing Eurobonds Yields From 11 July
Moscow Exchange will begin calculating and transmitting Eurobonds yields from 11 July 2016 in response to continuing growth of Eurobond trading volumes and queries from trading firms.
read more...SWIFT Daily Messaging Volumes Exceed 30 Million Mark - Two Peak Traffic Days Evidence SWIFTâs Capacity To Meet Market Needs
The end of June peak in Payments traffic, combined with the ongoing Brexit-related surge in Securities and Treasury traffic, triggered two successive FIN traffic peak days on Tuesday 28th and Thursday 30th June 2016.
read more...Market Structure And Regulatory Expert Rebecca Healey Joins Liquidnet - European Role Focused On Market Structure Analysis For Equities And Fixed Income Institutions
Liquidnet, the global institutional trading network, today announces the appointment of Rebecca Healey as Head of Market Structure and Strategy.
read more...ITG Launches Enhanced US Smart Order Router
BNP Paribas Securities Services Becomes Direct Securities Participant To The Federal Reserve - Connection To Fedline Completes Bankâs US Market Connectivity
BNP Paribas Securities Services announced today that it is now a direct securities participant to the Federal Reserve through FedLine, the Federal Reserve’s online financial services information and payment service. This completes the bank’s direct connectivity to the US market on all securities instruments.
read more...UK's Serious Fraud Office To Seek Retrial Of Two Former LIBOR Traders
The SFO has today announced that it is seeking a retrial of Stylianos Contogoulas and Ryan Michael Reich. The two defendants are charged with conspiracy to defraud in relation to an investigation by the SFO into the manipulation of US Dollar LIBOR. A jury failed to reach verdicts for the two individuals after an 11-week trial at Southwark Crown Court. For more details on the conviction of their co-defendants please see here.
read more...HM Treasury: Statement From The Chancellor And Main British Banks And Building Society On Maintaining Support For Households And Businesses
The last time Britain faced an economic shock the banks were at the heart of the problem.
read more...REDI Joins IPC's Rapidly Growing Secure Financial Markets Cloud
IPC Systems, Inc., a leading global provider of specialized communications and managed network-as-a-service solutions for the financial trading community, today announced that it continues to grow its rapidly expanding and diverse financial marketplace with the addition of REDI Global Technologies to the IPC Financial Markets Network (FMN). IPC's ecosystem of buy-side and sell-side firms can now reliably and securely access REDI's trade management platform, supporting the entire trade lifecycle.
read more...European Commission: Statement By Vice-President Ansip And Commissioner Oettinger Welcoming The Adoption Of The First EU-Wide Rules On Cybersecurity
European Commission Vice-President Andrus Ansip, responsible for the Digital Single Market, and Commissioner Günther H. Oettinger, in charge of the Digital Economy and Society, welcome today's vote by the European Parliament's plenary to adopt the Directive on Security of Network and Information Systems (the 'NIS Directive').
read more...TSX Venture Exchange To Launch New Market Making Service Called TSXV LiquidityPro⢠- Exchange Advances Initiative To Revitalize Canada's Public Venture Market With New Program To Enhance Liquidity
TSX Venture Exchange (TSXV) today announced the launch of a new issuer-sponsored market making service designed to enhance liquidity for public venture companies. In the optional TSXV LiquidityPro program, TSXV companies can select from a pool of pre-qualified TSXV LiquidityPro Providers (LPPs) that can provide quotation services, facilitate price discovery and increase overall liquidity for issuers under the oversight and governance of TSXV.
read more...The JSE T+3 Project Goes Live
On Monday, July 11th, the Johannesburg Stock Exchange (JSE) will complete its move to a shorter settlement cycle, when all trades conducted on the exchange will be settled on a T+3 cycle. This is one of the ways in which the exchange is staying at the forefront of global best practice.
read more...EBRD Appoints Pierre Heilbronn As Vice President, Policy And Partnerships
EMTA And CME Group Adopt Moscow Exchange USD/RUB FX Benchmark
Moscow Exchange"s (MOEX) USD/RUB benchmark has been recommended by the Emerging Markets Traders Association (EMTA) as the major settlement (reference) rate for OTC rouble derivatives (NDFs, NDOs) for its OTC FX members. CME Group will also use MOEX"s USD/RUB benchmark for its rouble-denominated currency futures.
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