News Centre

Risk Management Association And Deloitte: Banks Make Progress Managing Wrong Way Risk - But Nearly A Third Are Not Monitoring It

Date 25/07/2012

A survey conducted by the Risk Management Association (RMA) in conjunction with Deloitte, the business advisory firm, highlights many banks are making progress managing wrong way risk (WWR) – but nearly a third make no effort to monitor it.

Q&A Emissions Trading: European Commission Prepares To Change The Time Profile For Auctions Of Emission Allowances

Date 25/07/2012

Q&A Emissions Trading: Commission prepares to change the time profile for auctions of emission allowances

Question 1: What has the Commission presented today?

The Commission adopted a proposal to clarify a specific provision in the EU Emissions Trading System (ETS) Directive¹ related to the timing of the auctions of emission allowances. In parallel, it also transmitted a draft for a possible future amendment of the Auctioning Regulation², which is an implementing act, for consultation to the Climate Change Committee. Finally, it released a Staff Working Document³ that contains analytical information.

ESMA Publishes ETF Guidelines And Consults On Repo Arrangements

Date 25/07/2012

The European Securities and Markets Authority (ESMA) has today published guidelines on Exchange-Traded Funds (ETFs) and other UCITS issues. These guidelines will apply to national securities markets regulators and UCITS management companies.

HKEx: London Metal Exchange Shareholders Vote In Favour Of Acquisition By HKEx

Date 25/07/2012

Hong Kong Exchanges and Clearing Limited (HKEx) is pleased to learn that the ordinary shareholders of LME Holdings Limited (LME Holdings), the parent company of The London Metal Exchange Limited (LME), have approved, at a court meeting and an extraordinary general meeting of LME Holdings today (Wednesday), all the resolutions required in connection with the proposed scheme of arrangement to implement the acquisition of LME Holdings by HKEx.

UK's Financial Services Authority Consults On New Funding Model Review For The Financial Services Compensation Scheme

Date 25/07/2012

The Financial Services Authority (FSA) has proposed changes to the funding of the Financial Services Compensation Scheme (FSCS) which will continue to provide important reassurance to consumers but could reduce the likelihood of interim levies and offer firms more certainty in the level of fees they pay.

HKEx: Results From The LME Court Meeting And The LMEH General Meeting

Date 25/07/2012

The Board provides an update on the voting results from the Court Meeting and the LMEH General Meeting convened for the consideration and approval of the recommended acquisition of the entire issued ordinary share capital of LMEH by HKEx Investment by way of a scheme of arrangement and a capital reduction, as announced by HKEx on 15 June 2012.

Libor Scandal: European Commission Amendments To Proposed Market Abuse Legislation To Fight Rate-Fixing – Frequently Asked Questions

Date 25/07/2012

The European Commission has today presented amendments to its October 2011 Proposals for a Regulation on Market Abuse and for a Directive on Criminal Sanctions for Market Abuse (seeIP/12/846). For more information on the October 2011 proposals, see IP/11/1217,IP/11/1218 and MEMO/11/715.

Libor Scandal: European Commission Proposes EU-Wide Action To Fight Rate-Fixing

Date 25/07/2012

In the recent LIBOR scandal, serious concerns have been raised about false submissions of banks' estimated interbank lending rates. Any actual or attempted manipulation of such key benchmarks can have a serious impact on market integrity, and could result in significant losses to consumers and investors, or distort the real economy. The European Commission has today acted to address this kind of market manipulation, by adopting amendments to the proposals for a Regulation and a Directive on insider dealing and market manipulation, including criminal sanctions, initially tabled on 20 October 2011 (see IP/11/1217 and IP/11/1218). Today's amendments will clearly prohibit the manipulation of benchmarks, including LIBOR and EURIBOR, and make such manipulation a criminal offence.

SGX Welcomes IHH Healthcare Listing

Date 25/07/2012

Singapore Exchange (“SGX”) is pleased to welcome the listing of IHH Healthcare Berhad (“IHH”) on the Mainboard of SGX under the stock code of “Q0F”.

LME Shareholders Vote In Favour Of Acquisition By HKEx

Date 25/07/2012

The board of LME Holdings Limited (“LME Holdings”), the parent company of The London Metal Exchange Limited (“the LME”), is pleased to announce that the ordinary shareholders of LME Holdings have today approved, at a court meeting and an extraordinary general meeting of LME Holdings, all the resolutions required in connection with the proposed scheme of arrangement to implement the acquisition of LME Holdings by Hong Kong Exchanges & Clearing Limited (“HKEx”).