News Centre

New York State Department of Financial Services Announces Standard Chartered Bank To Suspend Dollar Clearing For High-Risk Clients In Hong Kong - Pay $300 Million Penalty - Take Other Remedial Steps After Anti-Money Laundering Compliance Failures

Date 19/08/2014

Benjamin M. Lawsky, Superintendent of Financial Services, announced an order today regarding Standard Chartered Bank's ("SCB") failures to remediate anti-money laundering compliance problems as required in the Bank's 2012 settlement with the New York State Department of Financial Services (NYDFS). 

CFTC Staff Issues No-Action Letter For Clearing Corporation Of India Ltd.

Date 19/08/2014

The U.S. Commodity Futures Trading Commission’s (Commission) Division of Clearing and Risk (DCR) recently issued a time-limited no-action letter stating that DCR will not recommend that the Commission take enforcement action against Clearing Corporation of India Ltd. (CCIL) for failing to register as a derivatives clearing organization (DCO) pursuant to Section 5b(a) of the Commodity Exchange Act (CEA).

SEC Announces Municipal Advisor Exam Initiative

Date 19/08/2014

The Securities and Exchange Commission today announced that its Office of Compliance Inspections and Examinations (OCIE) is launching an examination initiative directed at newly regulated municipal advisors.

Commodity Hedge Funds’ Positive Performance Brought To A Halt - Newedge Commodity Trading Index Enters Negative Territory For July, But Is Still Positive YTD

Date 19/08/2014

Newedge, a global leader in multi-asset brokerage and clearing, today announced the performance for its suite of hedge fund indices for the month of July. 

ACER Presents Its Conclusions Paper ‘Energy Regulation: A Bridge To 2025’

Date 19/08/2014

ACER, in cooperation with CEER, is pleased to invite institutional representatives, stakeholders and other interested parties to the presentation of its Conclusions Paper “Energy Regulation: A Bridge to 2025” to take place on 23 September at the CEER offices in Brussels. The event will also be broadcast live via webstream. The Paper contains European energy regulators’ considered conclusions on the challenges we expect the electricity and gas sectors to face over the coming decade and on the appropriate regulatory response within the framework of the Europe’s Internal Energy Market. Find out more here.

Straits Financial LLC Joins Dubai Mercantile Exchange As Clearing Member

Date 19/08/2014

Dubai Mercantile Exchange (DME), the Middle East’s premier international energy futures and commodities exchange today announced the approval of Straits Financial LLC as a Clearing Member.

NASDAQ OMX Lists First Trust Strategic Income ETF - Provides Financial Advisors With An Innovative Approach To Generating Income

Date 19/08/2014

NASDAQ OMX today announced that First Trust listed a new exchange-traded fund (ETF) which began trading on Thursday, August 14, 2014. First Trust Strategic Income ETF (Nasdaq:FDIV), listed on The NASDAQ Stock Market® (NASDAQ®).

Platts: Global Petrochemical Prices Rose 4% In July - Highest Level Since February 2013, Despite Falling Feedstock Prices

Date 19/08/2014

Prices in the $3-trillion-plus global petrochemicals market rose for a second consecutive month, up 4% in July to $1,446 per metric ton (/mt), following a 2% monthly advance in June, according to the just-released monthly Platts Global Petrochemical Index (PGPI). The PGPI is a benchmark basket of seven widely used petrochemicals and is published by Platts, a leading global energy, petrochemicals and metals information provider and a top source of benchmark price references. Prices declined in each of the four months prior to June.

SET: Thai Listed Firms Report Q2 Net Profit Growth Of 21 Pct

Date 19/08/2014

• Q2 net profits of listed companies up 21 pct y-o-y to THB 200 bln
• Sales up 8 pct, firms maintain gross profit margins at 19 pct
• PTT, PTTEP, SCB, KBANK, BBL are top five best profit-making firms

Monetary Authority Of Singapore And Accounting And Corporate Regulatory Authority: Guidebook For Audit Committees Revised To Ensure Continued Relevance

Date 19/08/2014

The Monetary Authority of Singapore (MAS), the Accounting and Corporate Regulatory Authority (ACRA) and the Singapore Exchange (SGX) have issued a revised Guidebook for Audit Committees in Singapore (Guidebook).