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Nordea and SEB among five banks fined €2.5M for issuing unauthorized credit ratings

Nordea and SEB among five banks fined €2.5M for issuing unauthorized credit ratings

The European Securities and Markets Authority (ESMA) just informed the public that it has today fined Danske Bank, Nordea Bank, SEB, Svenska Handelsbanken and Swedbank €495,000 each and issued five public notices for negligently breaching the Credit Rating Agencies Regulation (CRAR). ESMA found that the five banks infringed the CRAR by issuing credit ratings without being authorised by ESMA to do so. Between JuneRead more about Nordea and SEB among five banks fined €2.5M for issuing unauthorized credit ratings[…]

GAIN Capital’s Forex.com sees June FX trading volumes down 12% to $214 billion

GAIN Capital’s Forex.com sees June FX trading volumes down 12% to $214 billion

Continuing a string of fairly anemic volume reports we have seen for the month of June 2018 from leading Retail and Institutional FX platforms, Gain Capital Holdings Inc (NYSE:GCAP) has reported that retail volumes – consisting mainly of activity at its FOREX.com unit, as well as City Index – declined by 12% from May, coming inRead more about GAIN Capital’s Forex.com sees June FX trading volumes down 12% to $214 billion[…]

IronFX fined €2,000 by CySEC for late filing of financials

IronFX fined €2,000 by CySEC for late filing of financials

Second announcement from CySEC today, as the Board of the Cyprus Securities and Exchange Commission (CySEC) has informed the public that, at the meeting held on 4th December 2017, decided to impose an administrative fine of €2,000 to the CIF Iron FX Global Ltd (now known as Notesco Financial Services Ltd). The fine is for non-complianceRead more about IronFX fined €2,000 by CySEC for late filing of financials[…]