By A Paris – In the face of the current uncertainty and volatility across global markets, the financial industry in The Bahamas has been making changes to refine and strengthen its position as an international financial centre. This is being done to buttress its international standing and help sustain business longevity for all players involved.
Legal & Regulation
TCI Fund Management, the high-profile activist hedge fund firm led by Sir Chris Hohn, has filed a criminal complaint against Wirecard AG, the Munich-headquartered electronic payment processing company.
In collaboration with Bplus and BitSG Labs, blockchain technology provider ChainUP has launched the first legally compliant crypto exchange solution in Singapore.
AcadiaSoft, a provider of risk and collateral management services for the non-cleared derivatives community, has joined new partnerships with collateral management consultancy firms Margin Reform and Margin Tonic.
Law firm Morrison & Foerster has hired Leonora M Shalet as a partner at the firm’s New York office, in its global Private Funds Group.
Legal firm Sidley Austin has hired Nathan Greene and Jay Baris as partners in its Investment Funds group in New York. Greene and Baris joined Sidley from Shearman & Sterling, where they were both partners in the Investment Funds practice.
North Capital, a provider of technology and brokerage services for exempt securities offerings, is now authorised for secondary trading of unregistered securities, including digital asset securities, on its Alternative Trading System (ATS), the Public Private Execution Network (PPEX).
FuturesFX and founder to pay over USD1.7m to settle CFTC action over fraudulent forex and commodities trading scheme
FuturesFx and its Simon Jousef are to pay more than USD1.7 million in to Settle a CFTC Enforcement Action over a fraudulent forex and commodities trading scheme.
Eversheds Sutherland: Best Law Firm – The persistent low rate environment has been pushing hedge fund managers to explore more creative options when looking to launch new funds. Increasing regulatory scrutiny is prompting greater urgency on the ESG front, while cyber-security threats, Brexit and other global events continue to influence the hedge fund industry.
Argonaut Capital Partners, the London-based European equities-focused long/short manager, has hit back at recent criticism of short sellers by the new governor of the Bank of England, adding there is “no evidence” that the practice is harming the UK economy.