News Centre

Tribunal Bans Former Trader For Lying To The UK’s Financial Conduct Authority And The Tribunal

Date 19/12/2013

The Upper Tribunal (Tax and Chancery Chamber) has directed the Financial Conduct Authority (FCA) to ban former derivatives trader David John Hobbs from performing any role in regulated financial services.

Commissioner Michel Barnier's Remarks At The ECOFIN Council Press Conference

Date 19/12/2013

Today is a momentous day for banking union. A memorable day for Europe's financial sector.

Progress made in recent days on the Single Resolution Mechanism and a whole host of financial files is unprecedented.

Egyptian Financial Supervisory Authority And Egyptian Exchange Sign An Agreement To Exchange Data Between Them

Date 19/12/2013

The Egyptian Exchange (EGX) and The Egyptian Financial Supervisory Authority (EFSA) signed a cooperation agreement for exchange of regulatory reporting, data and information electronically.

Tel Aviv Stock Exchange And Eurex Sign Derivatives Trading Cooperation Agreement - Eurex To Launch Index Futures Contracts Based On TASE’s Main Index TA-25

Date 19/12/2013

The Tel Aviv Stock Exchange (TASE), and Eurex Exchange, the international derivatives marketplace and part of Deutsche Börse Group, have signed a cooperation agreement. Under the agreement, Eurex Exchange will list and clear index futures based on the TA-25 index, Israel’s blue chip index and one of the most heavily traded regional equity indexes. Eurex’s TA-25 index futures will be denominated in US dollars. The launch is planned for H1 2014.

HKEx Announces Details Of Temporary Holiday Risk Management Arrangements

Date 19/12/2013

Hong Kong Exchanges and Clearing Limited (HKEx) has announced the following details of the holiday risk management arrangements.

Hong Kong's Securities And Futures Commission Reprimands And Fines HSBC Securities Brokers (Asia) Limited $5 Million For Providing Inaccurate Information In Licence Application

Date 19/12/2013

The Securities and Futures Commission (SFC) has reprimanded HSBC Securities Brokers (Asia) Limited (HSBC Securities), a wholly owned subsidiary of The Hongkong and Shanghai Banking Corporation Limited (HSBC), and fined it $5 million for providing inaccurate information to the SFC during a licence application process.

Shanghai Stock Exchange Q&A On Offline Issuance Business Of IPO-related Shares On Shanghai Market

Date 19/12/2013

On December 13, the Shanghai Stock Exchange (SSE) and China Securities Depository and Clearing Corporation Limited (CSDC) jointly released the “Measures on Offline Issuance of IPO-related Shares on Shanghai Market” (the “Measures” for short). An official of the SSE answered the following questions concerning the “Measures”.

HKEx Sets Several New Records In 2013 Hkex Sets Several New Records In 2013

Date 19/12/2013

Hong Kong Exchanges and Clearing Limited (HKEx) set several new records in its securities and derivatives markets this year according to year-end market statistics for 2013 (to 13 December) published today (Thursday) in response to media requests.

Thai Bourse Organizes Tax Incentive Funds Fair

Date 19/12/2013

The Stock Exchange of Thailand (SET), together with the Association of Investment Management Companies (AIMC) and asset management firms, will hold the “Let's Thais save tax and invest for retirement through LTF &RMF” fund fair on December 19-22 in Bangkok to promote long-term equity funds (LTFs) and retirement mutual fund (RMFs) as tax-saving and long-term investment instruments for individuals, reinforcing the uptrend of mutual fund growing 12 percent from end-2012 to THB2.92 trillion (approx. THB90.26 billion) for the whole industry.

UK's Financial Conduct Authority: Firm Fined £1.8million For "Unacceptable" Approach To Bribery & Corruption Risks From Overseas Payments

Date 19/12/2013

The Financial Conduct Authority (FCA) has fined JLT Specialty Limited (JLTSL) over £1.8million for failing to have in place appropriate checks and controls to guard against the risk of bribery or corruption when making payments to overseas third parties.