FCA Encourages Financial Firms To Take Action Now Over LIBOR Phase-out

London Interbank Offered Rate (LIBOR) has been the benchmark for interest rates all over the world since the 1980s. However, the Financial Conduct Authority (FCA) which is the financial watchdog in the UK has seen the need for a better

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BlackRock Targets Eco Friendly Companies For Major Investments

The world seems to be in more turmoil now more than ever with natural disasters happening at a major scale. Climate change is being blamed for the bushfires in Australia, the floods in Indonesia and the volcanoes in the Philippines.

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Australians Reportedly Lost $61.6M To Investment Scams In 2019

One of the first things that financial advisors tell their potential clientele is that they should start investing right away. When you find the right investment firm and invest your money wisely, you get good returns. However, a number of

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ASIC Changes Wholesale Trading Regulations for CFDs

The Australian Securities and Investments Commission (ASIC) has been tightening up local regulations for the trading industry. The watchdog has already decided to implement leverage restrictions for contracts for differences (CFDs) but that is still far off. The new set

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Visa Warns Credit Card Holders Over Hacking At Gas Stations

Credit cards continue to be one of the most popular forms of payment with users all around the world. Not only are they widely accepted but they are easy to carry and use. However, credit cards have proven to be

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FCA Collects Millions In Fines As Companies Push Legal Limits

Financial crimes in the UK are getting worse and the country’s financial watchdog is working overtime. The Financial Conduct Authority (FCA) works hard to discourage financial misdeeds in the financial market but it seems that many of the players in

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Scammers Using Feature To Fleece Aussies

Australians are expected to go on a spending spree this month with the Holiday season approaching. Con artists know that this is also a great time for them to run their scams and fleece people who are unaware of their

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FCA Warns Investors To Be Careful About Bogus CFD Firms

The Financial Conduct Authority (FCA) imposed stringent restrictions earlier this year on contracts for difference (CFDs) and CFD like options that were being sold to retail investors. Traders were asked to comply with a number of restrictions in order to

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Robinhood Set To Launch Its Zero-Fee Trading App In The UK

Robinhood surprised the trading market when it decided to charge zero commission fees on its trading app in the United States. This strategy encouraged many Americans to download the trading app and start trading. Since the Robinhood app brings with

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EU Commission Gives UK Clearing Houses 12 Month Extension

London has long been a major financial center. For years, this was to the advantage of various clearinghouses that participated in the trading industry since it was the prime spot for trading between the US, the EU, and the rest

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