FactSet Recruits Finance Veteran as CFO – The Wall Street Journal
FactSet Research Systems Inc. hired a finance veteran as its next chief financial officer, a move that comes as the information provider looks to expand its business. The Norwalk, Conn.-based company, whose offerings include analytics and data products, on Tuesday said Linda Huber would lead its finance function, starting in early October. Ms. Huber brings […]
Crédit Agricole grew OTC derivatives notionals 17% in 2020 – Risk.net
Crédit Agricole leapfrogged Societe Generale to become the third-largest dealer of over-the-counter derivatives during 2020, according to data from the European Banking Authority (EBA). Crédit Agricole had €16.2 trillion ($19 trillion) of OTC derivatives notionals outstanding at end-2020, up 17.2% year on year, systemic risk disclosures collated by the regulatory agency show. SocGen’s notionals grew […]
Behavioral finance expert: ‘FOMO investing’ will ‘really derail an investor’ – CNBC
There have been a number of whirlwind rallies this year, from dogecoin’s 12,000% climb in May to “meme stocks” like Gamestop and AMC seeing their prices increase more than tenfold in February. These rallies created a frenzy that saw investors rushing to get a piece of the profit. And despite the risk of buying high […]
CFTC reminds SEC “We regulate derivatives not digital assets” – Yahoo Finance
The Commodities Future Trading Commission (CFTC) has clarified its role on cryptocurrency regulation following a recent public spat with the Securities and Exchange Commission (SEC). CFTC Commissioner Dawn DeBerry Stump sought to provide clarification on the nature of the regulatory agency’s work and how this will relate to the regulation of digital assets in the […]
U.S. agency created to counter China’s New Silk Road: We don’t do ‘debt-trap financing’ – Yahoo Finance
The competition to finance infrastructure projects and expand global influence between the U.S. and China is taking on a new dimension as countries address adverse effects of climate change. The U.S. International Development Finance Corporation (DFC) has repeatedly stressed that the U.S. efforts are markedly different from China’s Belt and Road Initiative (BRI). “The DFC […]
CFTC commissioner says agency has broad enforcement authority on crypto derivatives – Cointelegraph
Dawn Stump, one of four commissioners currently serving at the Commodity Futures Trading Commission, or CFTC, has released a statement clarifying the agency’s authority with respect to digital assets. In a Monday statement, Stump said the CFTC is empowered with both regulatory and enforcement authority for commodities. She did not specifically say that digital assets were […]
Clear Protocol Targeting Decentralized Bespoke Derivatives Market Announces Completion of Seed Round – PRNewswire
SINGAPORE, Aug. 23, 2021 /PRNewswire/ — Clear protocol announces today that it has secured a seed investment from LD Capital several months back. Developed by the team at DerivStudio, Clear is a decentralized blockchain protocol for bespoke derivatives. The platform has already completed system design, pricing model research and smart contract development, and is currently […]
HKEX to launch first A-share derivatives product – The Asset
Hong Kong Exchanges and Clearing Limited (HKEX) is set to launch its first A-share derivatives product, which aims to provide international investors with a new risk management tool for their A-share portfolios under the Stock Connect scheme. The Hong Kong market operator has entered into a licence agreement with index provider MSCI to launch a futures […]
India’s finance minister summons Infosys CEO over online tax portal glitches – Reuters India
The Infosys logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren CHENNAI, Aug 22 (Reuters) – India’s Finance Minister Nirmala Sitharaman has summoned Infosys Ltd (INFY.NS) Chief Executive Salil Parekh to explain tech glitches in an online tax portal developed by the company, the country’s […]
Derivatives data shows pro traders turning bullish on EOS price – Cointelegraph
EOS rallied in May after Block.one, a blockchain software firm, announced a $10 billion funding round to build an EOS-based crypto exchange platform called Bullish. The EOSIO development company revealed that it had raised capital from Peter Thiel and Mike Novogratz, as well as hedge fund managers Alan Howard and Louis Bacon. In light of […]