Hong Kong Exchanges and Clearing Limited (HKEX) has appointed Ferheen Mahomed to serve as its Group General Counsel from today (Monday). Ms Mahomed will head HKEX's Legal Services Department and oversee the Group's legal function, including the teams at the London Metal Exchange (LME) and LME Clear. She will report to HKEX Chief Executive Charles…
Read more
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has become a full signatory of the IOSCO Multilateral Memorandum of Understanding (MMoU) after the IOSCO team of international experts assessed ADGM as fully compliant with the international benchmark for effective cross-border cooperation. The IOSCO MMoU provides a global framework for enforcement co-operation…
Read more
The Securities and Exchange Commission (SEC) announced that it obtained an emergency court order freezing brokerage accounts holding more than $29 million in illegal profits from insider trading in advance of the April 2016 acquisition of DreamWorks Animation SKG, Inc. by Comcast Corp. The SEC alleges that in the weeks leading up to the news…
Read more
The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, just published its 2016 Market Highlights. Perhaps highlighting the somewhat exceptional nature of 2015, markets were more subdued in 2016, with most regions showing only modest increases on 2015 figures across the major primary and secondary market…
Read more