News Centre

China Exchanges Services Company Limited (CESC) Welcomes 21 October Listing Of First ETF Tracking Its Cross Border CES 120 Index

Date 18/10/2013

China Exchanges Services Company Limited (CESC) welcomes the listing of the first Exchange Traded Fund, or ETF, tracking its cross border CES China 120 (CES 120) Index, which is scheduled for Monday, 21 October 2013.

UK’s Financial Conduct Authority (FCA) Bans And FinesTwo Financial Advisers After Investors Lose Out

Date 18/10/2013

Two Surrey-based investments advisers have been fined a total of £885,000 and been banned by the Financial Conduct Authority (FCA) from holding any position at a financial firm. Mark Bentley-Leek and Mustafa Dervish, who were both directors of Bentley Leek Financial Management, were found by the regulator to have lacked integrity and to have misled clients as investments they recommended were affected by the economic downturn. The FCA has also cancelled the permissions of Bentley-Leek Financial Management, which is now in liquidation.

Speech By Song Liping, President And CEO Of Shenzhen Stock Exchange, At The China Science Finance Forum 2013

Date 18/10/2013

On 30 September, President Xi Jinping delivered an important speech in Zhongguancun, re-emphasizing the significance and urgency of the innovation as a driving force. President Xi gave a comprehensive and in-depth elaboration on the “Five Focuses” such as focusing on promoting close integration between scientific innovation and socio-economic development. While President Xi’s speech is being studied by all social sectors, it bears practical significance to hold this conference themed “promoting science and technology finance” and facilitate cross-sector conversations and discussions on the latest issues of science technology finance. It also presents a great opportunity for us to learn and make progress together.

Catella: Risk Appetite Rising

Date 18/10/2013

In Catella’s Real Estate Debt Indicator (CREDI) for the third quarter of 2013 the credit market sentiment has improved again over the previous quarter. The CREDI main index moves 4.4 points to a new all-time high of 69.3 and the positive trend is visible in both indices for current situation and expectations.

Calastone Selected For Tech City UK’s ‘Future Fifty’ Programme - Fifty Firms’ Entrepreneurial Spirit And Quality Of Offering Recognised As ‘Ones To Watch’ For The Future Of British Technology

Date 18/10/2013

Calastone has  been named in Tech City UK’s list of the first 25 exciting, high-potential growth businesses to join the Future Fifty – a fast-track programme of public and private sector support to catalyse growth, create jobs and deliver significant economic impact to the UK.

Two New db X-trackers Bond Index ETFs Launched On Xetra - One ETF Offers First-Time Access To The Australian Bond Market

Date 18/10/2013

WSE Introduces Futures Contracts On WIBOR And On Treasury Bonds

Date 18/10/2013

• Futures contracts on WIBOR reference rates and futures contracts on short-term, mid-term and long-term Treasury bonds have been introduced to trading on WSE on 18 October 2013.
• WSE has added new derivatives classes, popular among investors on foreign exchanges, to its product offer.

CI Com SA Fined By Sanction Commission Of SIX Swiss Exchange

Date 18/10/2013

The Sanction Commission of SIX Swiss Exchange has imposed a fine of CHF 10,000 against CI Com SA for violating the applicable accounting standards Swiss GAAP FER. The sanction relates to missing disclosures regarding changes in two line items in the 2012 interim financial statements.

ASIC Warns Of Dangers Of Foreign Exchange Trading For Retail Investors

Date 18/10/2013

ASIC today urged consumers to ensure they understand the risks of foreign exchange trading before putting their money on the line.

Press Conference By Taro Aso, Japan's Deputy Prime Minister, Minister Of Finance, And Minister For Financial Services

Date 18/10/2013

[Questions and answers]

Q.

On the problem at Mizuho Bank, you expressed the opinion prior to departing for the G20 meeting that it was regrettable that Mizuho Bank’s explanation differed from the one it gave during the inspection, but this also points to the fact that the inspection by the Financial Services Agency did not spot Mizuho Bank’s false explanation. Please give us your views on whether there was a problem with the way the inspection was conducted.

A.

With regard to inspections conducted at individual financial institutions, I have no comment on specific interactions with the financial institutions and such. On this particular matter, an order demanding submission of a report is being carried out in accordance with Article 24 of the Banking Act and, as we would like to consider future steps in light of that report, I have no further comments at this time.