All posts tagged "UBS"
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748AML / KYCHong Kong Wealth Managers Scrutinise Clients for Political Links
Wealth managers are said to be screening comments made by clients and their associates in public, in the media, and in social media posts as far back as 2014 to determine their political stance.
July 22, 2020 -
412Hong KongHKMA, SFC Publish Final List of FSPs Under Clearing Obligation
The HKMA and SFC will remove one entity that no longer conducts OTC derivatives business as its institutional services are now being provided by BofA Securities Inc, a new FSP.
June 25, 2020 -
503Market InfrastructureBNY, Deutsche to Set Up FX Trading Infrastructure in Singapore
Seven major firms have already set up FX pricing and matching engines in Singapore, the result of a MAS initiative to lower routing latencies in the city-state.
June 9, 2020 -
627Market InfrastructureMEMX Sets Launch Date for New Equities Exchange
Platform testing will begin on 29 June, followed by member certification and user acceptance tests, ahead of a 4 September launch date.
June 2, 2020 -
415ChinaCredit Suisse Takes Control of China Securities JV
The CSRC granted Credit Suisse approval to raise its shareholding in the joint venture in April, from 33.3% to 51%.
June 2, 2020 -
551EnforcementHong Kong: Investors Seek Compensation for Failed IPOs – Report
The SFC has issued almost HK$1bn in penalties for IPO sponsor failures over 20 years. These proceeds have gone to the government, not investors.
May 11, 2020 -
541Securities & Trading
US SEC Green-lights Launch of New Stock Exchange, MEMX
Backed by some of Wall Street's largest financial institutions, MEMX says it will offer a less expensive exchange model; fewer, less complex order types; and a basic market data feed.
May 7, 2020 -
1.3KAML / KYCGlobal AML, Sanctions Fines Topped $8bn in 2019: Fenergo
Last year was the second-biggest year on record for fines against financial institutions for AML and sanctions violations, according to a new report from Fenergo.
April 3, 2020 -
682ChinaCSRC Starts Accepting Licence Applications from US Fund Managers
BlackRock and Neuberger Berman applications to set up wholly-owned mutual fund units were accepted on the first day foreign ownership caps were scrapped in China.
April 2, 2020 -
472Capital RegulationECB Calls on Banks to Suspend Dividends, Buybacks for Six Months
Rabobank, ING, ABN Amro, UniCredit, Commerzbank, Banco Santander, KBC Bank, Allied Irish Bank and Bank of Ireland have suspended dividend and buyback plans until 1 October.
March 31, 2020
