News Centre

More Transparency For Securities Financing Transactions: European Council And Parliament Agree New Rules

Date 17/06/2015

On 17 June 2015, the Council presidency and the European Parliament reached an agreement on a regulation to improve the transparency of securities lending and repurchase transactions.

SEC Charges Investment Adviser With Fraudulently Funneling Client Assets To Companies In Owner’s Interest

Date 17/06/2015

The Securities and Exchange Commission today announced fraud charges against a Massachusetts-based investment advisory firm and its owner for funneling more than $17 million in client assets into four financially troubled Canadian penny stock companies in which the owner has undisclosed business and financial interests.

EDM Council To Perform Data Management Benchmarking Study Of The Global Financial Industry - Benchmarking Measures Capability Based On Industry-Wide Best Practices

Date 17/06/2015

The EDM Council announced the launch of a global data management benchmarking study based on the Data Management Capability Assessment Model (DCAM).  DCAM is an industry-standard best practice framework that defines the capabilities, actions and outcomes necessary to achieve proficiency in data management.   The benchmarking study will collect information from thousands of financial industry participants around the world including investment banks, commercial banks, insurance companies, consumer banks, asset managers, securities servicing firms, custodians and depositories. 

IOSCO: Meeting The Challenges Of A New Financial World

Date 17/06/2015

The International Organization of Securities Commissions (IOSCO) met this week at its Annual Conference in London to progress its work across its policy, research, capacity building and co-operation agenda. 

Hong Kong's Securities And Futures Commission: Lo Chun Lam Convicted Of Unlicensed Futures Contracts Business

Date 17/06/2015

The Eastern Magistrates’ Court has convicted Mr Lo Chun Lam of carrying on a business of advising on futures contracts when he was not licensed by the Securities and Futures Commission (SFC) to do so.

Deirdre Somers Elected President Of The Federation Of European Securities Exchanges

Date 17/06/2015

Deirdre Somers, Chief Executive of the Irish Stock Exchange (ISE), has been elected as the new President of the Federation of European Securities Exchanges (FESE) for a term of three years.

Japan's Financial Services Agency: Exchange Of Letters On Co-Operation In The Area Of Financial Institutions Supervision With The Central Bank Of The United Arab Emirates (CBUAE)

Date 17/06/2015

1. On June 17, 2015, the Financial Services Agency and the Central Bank of the United Arab Emirates (CBUAE) exchanged letters on co-operation in the area of banking supervision.

European Commission Welcomes Agreement On Improving Transparency Of Certain Financial Transactions In The Shadow Banking Sector

Date 17/06/2015

The European Commission welcomes today's political agreement on the proposal for a regulation on reporting and transparency of securities financing transactions (known as SFTR). The agreement follows negotiations between the Commission, the European Parliament and the Council of the EU to find common ground on the regulation. The proposed regulation aims to increase the transparency of certain transactions in the shadow banking sector to avoid that banks circumvent other rules by moving those activities to the shadow banking sector. Today's agreement will significantly improve the transparency of securities financing transactions and help identify their risks and their magnitude. 

Financial Crisis Forgotten As 2016 Looks Set To Welcome The 10-Millionth Millionaire

Date 17/06/2015

Global liquid onshore assets will exceed $100tn in 2016, according to the latest white paper from Datamonitor Financial: “The Global Wealth Market in 2015”.  Research shows that the 2008-09 financial crisis is long forgotten and that the global wealth market will continue to grow steadily, though not at as fast a pace as immediately after the crisis.

Euronext Introduces Equity Options On Pershing Square Holdings

Date 17/06/2015

Euronext, the primary exchange in the Eurozone, today announced the launch of options on the shares of Pershing Square Holdings, Ltd. The new options, that are available for trading on the Amsterdam market as of Friday 26 June, follow the company’s successful IPO on Euronext Amsterdam in October 2014.