News Centre

EU-US Coalition On Financial Regulation - Transatlantic Trade Associations Call For Urgent Re-Engagement On The Pre-Crisis Dialogue On Regulatory Recognition And Accreditation

Date 19/06/2012

Regulators on both sides of the Atlantic must come together with real intent to establish a framework of inter-jurisdictional regulatory recognition and accreditation inorder to address concerns over extraterritoriality and protectionism, a new report “Inter- jurisdictional Regulatory Recognition: Facilitating Recovery and Streamlining Regulation” states.

Capita Financial Selects Calastone’s Daily Reconciliation Service - Full Automation Of Daily Unit Reconciliation, Further Changing Market Infrastructure

Date 19/06/2012

Capita Financial Group Limited has today signed an agreement to use Calastone’s daily reconciliation service for asset
management transactions.

EDHEC-Risk Institute Warns Against “Speculative” Regulatory Proposals For Commodities Markets In Europe

Date 19/06/2012

In a robust critique of a recent paper by the public interest group Finance Watch (“Investing Not Betting: Making Financial Markets Serve Society,” April 2012), EDHEC-Risk Institute has taken issue with a number of positions that this paper deems to be self-evident, e.g. that speculators must have a minority role in futures markets; that excessive speculation undermines the commodity price formation mechanism; and that there should be a linear relationship between a commodity’s supply-and-demand data and its price.

ASX To Launch Centre Point Block

Date 19/06/2012

ASX is introducing a range of enhancements to Centre Point, its anonymous mid-spread matching  solution.   This will include the launch of Centre Point Block, a new service that supports users  seeking larger block execution that allows them to nominate a minimum acceptable fill size for their anonymous block order.  

Migdal Stock Exchange Services Joins The SunGard Global Network

Date 19/06/2012

Migdal Stock Exchange Services, the brokerage arm of Israeli investment group Migdal Capital Markets and member of the Tel-Aviv Stock Exchange (TASE), now offers trading services and research expertise on the Israeli capital markets via the SunGard Global Network (SGN).

Mowbrai Community Relations Survey Of LSE Quoted Mining Companies Operating In Africa

Date 19/06/2012

• Reference database of links and comment on community relations aspects of sustainability programmes
• All information surveyed from publicly available sources – corporate websites and annual reports
• Quick links to all webhosted annual sustainability reports
• Launch of Mowbrai – working with commodities companies providing strategic advice and transparent community relations within the resources industry
• Link to report:http://www.mowbrai.com/CSR%20survey%20LSE%20Mining%20in%20Africa%20FINAL.pdf

Top Fund Managers To Brief Growth Companies On Their Investment Strategies At The Quoted Companies Alliance Conference

Date 19/06/2012

Leading fund managers will discuss how growth businesses can best secure institutional investor support at a landmark event in London this month. The debate will take place at Engineering Growth for Small and Mid-Cap Companies, the first conference of the Quoted Companies Alliance, the independent membership organisation that champions the needs of small to mid-size quoted companies, on 27 June 2012 at the Grange St Paul's Hotel.

Shanghai Stock Exchange Take Measures To Promote Governance Of Listed Companies For Improved Blue Chip Market - Serial Report (V) On SSE's Implemention Of CSRC's Various Measures On Scientific Development Of Securities Market

Date 19/06/2012

The governance of listed companies is re-spotlighted for the recent cases about the dominance of public funds and minority shareholders in corporate governance. With the gradual development of the capital market and the establishment of fundamental systems for the corporate governance structure in recent years, the governance and the transparency of listed companies have been greatly improved. Meanwhile, the development of the capital market endows corporate governance with new connotation and also poses new requirements for the regulation on corporate governance. It can be seen from the annual reports of SSE-listed companies in 2011 that positive changes have taken place in listed companies in terms of the compilation and release of social responsibility reports, the duty-performing of directors, supervisors and senior management members, the establishment of internal control systems, the disclosure of audit reports on internal control, etc. Besides, the Shanghai Stock Exchange (SSE), taking corporate governance as the basis for the construction of the blue chip market all the time, has recently published the notice related to listed companies' focus on the investor relation management and plans to issue measures for toughening regulation on information disclosure of cash dividend distribution in a bid to improve the governance and the transparency of listed companies, facilitate their standard operation and strengthen the protection of legal rights and interests of investors.

Board Of Governors Of The Federal Reserve System: Scott G. Alvarez, General Counsel, Bank Supervision And Risk Management, Before The Committee On Financial Services, U.S. House Of Representatives, Washington, D.C.

Date 18/06/2012

Chairman Bachus, Ranking Member Frank, and members of the Committee, thank you for the opportunity to testify regarding bank supervision and risk management and the Federal Reserve's response to the trading losses recently announced by JPMorgan Chase & Co. (JPMorgan Chase).

Direct Edge Statement Regarding The Economic Study By Oxera Consulting

Date 18/06/2012

Direct Edge issued a statement today welcoming today’s release and the conclusions of the study conducted by Oxera Consulting Ltd (Oxera) entitled: What would be the costs and benefits of changing the competitive structure of the market for trading and post-trading services in Brazil?  Direct Edge believes this comprehensive study clearly demonstrates the benefits of exchange competition and provides a sound basis for regulators and policy-makers to oversee its introduction into the Brazilian stock market.