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Press Conference By KATO Katsunobu, Japan Minister Of Finance And Minister Of State For Financial Services, New Form Of Capitalism

Date 23/05/2025

Q.

I would like to ask you about the regional financial ability enhancement plan that you mentioned at the recent New Form of Capitalism meeting. You mentioned that you would consider extending or expanding the scope of the public funds system or the fund-grant system. If you have a specific idea, please tell us about it.

Welcome Remarks By Mr Edward S. Robinson, Deputy Managing Director (Economic Policy) & Chief Economist, Monetary Authority Of Singapore, And Member Of The ABFER Council At The 12th Asian Monetary Policy Forum On 23 May 2025

Date 23/05/2025

Thank you for taking the time to be here for the 12th Asian Monetary Policy Forum. We are greatly honoured that DPM Heng Swee Keat has been able to join us. He provided the impetus to the inception of ABFER/AMPF a decade ago and has continued with strong counsel and encouragement.  DPM as a policymaker internalises the economic way of thinking. He applies careful and thoughtful analytical reasoning based on the evidence to a range of policy issues, including enhancing the economy’s macro-competitiveness. He has made significant contributions to the strengthening of Singapore’s international trade relationships and holds a deep conviction in the benefits of comparative advantage and broader economic complementarities across countries. DPM has played a pivotal role in ingraining the principles and practices that define Singapore’s robust, forward-looking approach to economic policy making. 

ASIC And APRA Host Superannuation CEO Roundtables To Discuss The FAR

Date 23/05/2025

ASIC and APRA have published notes from the latest Superannuation CEO Roundtables, held on 1 April 2025 and 10 April 2025.

Press Conference By KATO Katsunobu, Japan Minister Of Finance, Minister Of State For Financial Services, Unauthorized Access To Customer Accounts

Date 23/05/2025

Q.

I would like to ask you about unauthorized access to customer accounts at securities companies.
According to the Financial Services Agency, from January to April 2025, unauthorized access to customer accounts of securities companies resulted in 6,380 account hijackings and 3,505 unauthorized transactions, with sales amounting to approximately 161.2 billion yen and purchases amounting to approximately 143.7 billion yen.
Since the time of the Kishida administration, the Japanese government has promoted financial investment on a large scale, such as the new NISA, but as a result, the number of amateur retail investors has increased rapidly, and it seems possible that they have become the victims of fraud groups.

CFTC Resolves Technical Issues With Comment Portal

Date 22/05/2025

The Commodity Futures Trading Commission today resolved a technical issue with its online comment submission portal and extended a deadline for comment submissions. The public can submit comments on 24/7 trading and perpetual contracts in derivatives markets until Friday, May 23, 2025.

SIFMA AMG Statement On Common Ownership

Date 22/05/2025

 SIFMA’s Asset Management Group (SIFMA AMG) today issued the following statement from Lindsey Keljo, Head of SIFMA AMG, regarding a Statement filed today by the Federal Trade Commission (FTC) and the Department of Justice DOJ) in the State of Texas, et al. v. Blackrock Inc., State Street Corporation, and The Vanguard Group case:

“We respectfully disagree with the conclusions drawn in the FTC and DOJ’s Statement. We appreciate the FTC and DOJ’s acknowledgment that asset managers serve a crucial role in America’s world-leading capital markets, and that ordinary investment – regardless of size – and corporate governance activity is completely appropriate and permitted under antitrust laws. !

‘Tis The Season For Dismissals: Statement On Ending “Dealer” Lawsuits, SEC Commissioner Caroline A. Crenshaw, May 22, 2025

Date 22/05/2025

First came the abandonment of crypto lawsuits. Now the dismissals of “dealer” lawsuits. What do these unprecedented dismissals of ongoing enforcement actions have in common? They ignore the laws enacted by Congress – namely fundamental registration requirements of the federal securities laws – as well as long lines of judicial precedent. And they harm investors, businesses, and the capital markets.

SEC Cyber Disclosure Rule Endangers Victims And Fails To Advance Investor Protections

Date 22/05/2025

A coalition of trade associations, including Bank Policy Institute, American Bankers Association, Independent Community Bankers of America, Institute of International Bankers and Securities Industry and Financial Markets Association, reiterated calls today for the Securities and Exchange Commission to rescind its cyber incident disclosure rule. In a petition to the SEC, the groups state that the rule puts companies that fall victim to cyberattacks at greater risk and undermines the SEC’s primary goal of protecting investors.

The Bermuda Stock Exchange Will Be Closed For The Bermuda Day Holiday

Date 22/05/2025

The Bermuda Stock Exchange (“BSX”) advises that the Exchange will be closed on Friday 23 May 2025, in observance of the Bermuda Day Public Holiday. The BSX will re-open on Monday 26 May 2025.

SEC Charges Former Real-Estate Investment CEO With Operating Multimillion Dollar Ponzi-Like Scheme

Date 22/05/2025

The Securities and Exchange Commission today charged San Francisco Bay Area resident Kenneth Mattson, the former CEO of real estate investment business LeFever Mattson, with defrauding approximately 200 investors of at least $46 million by selling them fake interests in real estate investment limited partnerships. Many of these investors were retired senior citizens Mattson met through his church community.