SUPPLIED Samantha Barrass will be the next chief executive of the Financial Markets Authority Te Mana TÄtai Hokohoko. New Zealand’s financial watchdog has hired ex-pat Kiwi Samantha Barrass to be its chief executive. The Financial Markets Authority (FMA) Te Mana Tātai Hokohoko announced on Monday that Barrass would replace current […]
Financial
Account Aggregators: New framework to access, share financial data
On September 2 eight of India’s major banks — State Bank of India, ICICI Bank, Axis Bank, IDFC First Bank, Kotak Mahindra Bank, HDFC Bank, IndusInd Bank and Federal Bank — joined the Account Aggregator (AA) network that will enable customers to easily access and share their financial data. The […]
Securian Financial acquires Armour Group
Securian Canada Inc., a subsidiary of Securian Financial Group, has today announced its acquisition of Armour Group Inc., marking its third Canadian acquisition in five years. Based in London, Ontario, Armour Group distributes insurance and warranty products through automobile dealers, recreational vehicle dealers and finance companies in Canada. Following the […]
Going Dutch: Amsterdam’s rise as Europe’s next financial centre
  Author: Alex Katsomitros, Features Writer September 6, 2021 When Brexit came one step closer to becoming a reality in 2018, Tradeweb was left with few options other than expanding its European presence beyond London. The US company, which runs platforms for fixed income, derivatives and ETF trading, was on […]
Are You Hitting These Important Financial Milestones?
bbernard / Shutterstock.com No matter your age, you might feel like you’re falling behind financially and missing the mark of where you’re supposed to be at your particular stage of life — but “supposed to be” is different for everyone. The good news is, there are a few universal financial […]
Xiaomi doubles down on financial services business; says need regulatory clarity on crypto, Telecom News, ET Telecom
NEW DELHI: Handset maker Xiaomi is doubling down on its financial service business with diversification into a full spectrum lending platform with clear focus on payment, lending and insurance verticals. The business, which started under its internet services business, is now operating as an independent business due to the market […]
Financial Services: Web Application Attacks Grow by 38% In First Half of 2021
During his career in the middle of the last century, professional bank robber Willie Sutton made off with an estimated $2 million in stolen money. Urban legend has it that when a journalist asked Sutton why he robbed banks, he replied, “That’s where the money is.” In later interviews, Sutton […]
Afghanistan’s Fall And Its Possible Impact On The Global Financial Markets
Afghanistan has been thrown into turmoil over the past few days, and the effects of the fall of the government could go beyond the local market and affect the global financial markets also. Taliban Takes Control Of Kabul The biggest news in the world over the past few days is […]
Israeli Financial Authorities Double Down on Bitcoin-Linked Investments: Report
Israel’s Capital Market, Insurance and Savings Authority is requiring insurance companies and investment houses to detail and justify any investments linked to bitcoin, according to Israeli business publication Calcalist. In a letter sent on Wednesday to institutions under its supervision, the authority called bitcoin a speculative asset with no intrinsic […]
QBE reports H1 financial results
QBE Insurance Group Limited has published its interim results for the half year ended June 30 (1H21), and the Sydney-headquartered global insurer is the bearer of good news. From 1H20’s $712 million net loss after tax, the group bounced back to a statutory net profit after tax of $441 million […]
Hiscox unveils H1 financial results
It’s the turn of specialist global insurer Hiscox Ltd to share its story of turning things around – from last year’s $138.9 million pre-tax loss in the first half to H1 2021’s profit before tax of $133.4 million. “This is a good result driven by strong performances across all our […]
Wellington financial services firm FoxPlan censured by Financial Markets Authority for misconduct
123RF The FMA found four of FoxPlan’s representatives wrongly held out to clients that they were an authorised financial adviser or financial planner. Wellington financial services firm FoxPlan has been censured by the Financial Markets Authority (FMA) for a series of breaches. Following a monitoring review in late 2020, the […]
Nokia Corporation Financial Report for Q2 and Half Year 2021
Nokia Corporation Half year report29 July 2021 at 08:00 EET Nokia Corporation Financial Report for Q2 and Half Year 2021 Strong first half, 2021 Outlook revised upwards Top-line strength continued in Q2, with constant currency net sales up 9% year-on-year, driven by growth across all business groups, with particular strength […]
ESG developments and the impact on financial institutions in Switzerland
The Swiss Confederation ratified the Paris Agreement on October 6 2017 and committed itself, not only to the objective of reducing greenhouse gas emissions (CO2) of minus 50% by 2030 in comparison with 1990 emission levels, but also to the objective of greening the financial system by making financial flows […]