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Read moreThe Financial Services Board (FSB) of South Africa today announced it established a Memorandum of Understanding (MoU) under the European Markets Infrastructure Regulation (EMIR) with the European Securities and Markets Authority (ESMA). This MoU establishes cooperation arrangements, including the exchange of information, regarding Central Counterparties (CCPs) which are established and authorized or recognized in South Africa, and which…
Read moreOn October 27th 2014, the South African Reserve Bank (SARB) and the Financial Services Board (FSB) announced the launch of a review of the Forex trading practices among authorized dealers in the South African Forex market which was published today. A Foreign Exchange Review Committee (FXRC) was established, headed by Mr. J Cross, former Senior Deputy…
Read moreSoutht Africa's Financial Services Board will be in Johannesburg in October as part of its effort to take its regulatory functions to the public.
Read moreIt has been brought to the South African watchdog's attention that the entity uses a registered legal company's registration number and it promises clients a 25% daily return on their investments!
Read moreSeparately, ACM Gold's longtime CEO Irfan Pardesi has left his executive position in the company to become co-CEO of South African discount airline Skywise Airlines.
Read moreThe globally minded Financial Services Board, the G20's consultative go-to for all things financial, which is chaired by Mark Carney, Governor of the Bank of England released final recommendations and conclusions on cleaning up FX benchmarks and rate fixes. The way it stands in its current form has embroiled in scandal many investment banks and…
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