News Centre

Ministerial-Level Joint Letter Addressed To The CFTC Chairman

Date 18/10/2012

On October 17, 2012, the Financial Services Agency, jointly with HM Treasury, European Commission and the French Ministry for the Economy and Finance, sent a ministerial-level (*) joint letter to CFTC Chairman Gary Gensler regarding the CFTC cross-border swap regulations.

EasyWay – Euroclear’s New Web-Based Access To Their Services - Correction

Date 18/10/2012

Euroclear Bank clients will be the first to take advantage of Euroclear’s new, innovative, browser-based application – EasyWayTM. Designed and built in collaboration with clients, EasyWay’s purpose is simple: perform operational tasks efficiently and quickly, while managing operational risk even better in real time.

SGX Welcomes Triyards Holdings To Mainboard

Date 18/10/2012

Singapore Exchange (SGX) is pleased to welcome the listing of Triyards Holdings on Mainboard under the stock code, “RC5”.
Triyards offers a broad spectrum of engineering and fabricating services focused on the oil and gas market. A leader in the fabrication of Self-Elevating Units in Southeast Asia, Triyards is seeking to expand into Australia and Brazil in the near future.

Poland: Trade Repository In KDPW

Date 18/10/2012

As of November 2012 KDPW (The National Depository for Securities, Poland) will launch a new service: trade repository. The introduction of KDPW’s trade repository service addresses the Regulation of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories (EMIR) which introduces among others the obligation to report derivatives trade to trade repositories and sets out the rules for trade repositories.

Singapore Exchange Reports $74 Million Profit For First Quarter Financial Year 2013 (1Q FY2013)

Date 18/10/2012

Gui Minjie: Shanghai Stock Exchange Committed To Optimizing Legal Environment Of Capital Market

Date 18/10/2012

"Currently and for some time in the future, the revision and formulation of the three laws for the capital market, namely, the 'Securities Law', the 'Securities Investment Fund Law' and the 'Futures Law', are to make the focus of the concerns of the market participants and the legislatures", said Governor Gui Minjie of the Shanghai Stock Exchange (SSE) at the 4th Annual Meeting of the Special Committee of Financial Trial Theory under the China Trial Theory Research Society also the Seminar of "Rules and Systems of the Financial Market in Innovation and Transformation" held yesterday. He also said that as the legal system of the capital market is of great importance to the innovation and development of the market, the SSE will make further contributions to the optimization of the legal environment of the capital market.  

UK’s Financial Services Authority Fines Sun Life Assurance Company Of Canada (UK) Limited £600,000 For With-Profits Governance Failings

Date 18/10/2012

The Financial Services Authority (FSA) has fined Sun Life Assurance Company of Canada (UK) Limited (SLOC UK) £600,000 for failings in the governance of its with-profits business. The design and operation of SLOC UK’s governance arrangements were unclear and inadequate, resulting in a high risk that policyholders’ interests would not be protected properly.

UK Parliamentary Commission On Banking Standards Questions Paul Volcker

Date 18/10/2012

Commenting on the appearance of Mr Volcker before the Commission, the Chairman of the PCBS, Andrew Tyrie MP, said: 

"The UK and America are world leaders in financial services. Public trust in banks plummeted as a result of the banking crisis in both these countries."

EDHEC-Risk Alternative Indexes: Hedge Funds Continue To Progress In September

Date 18/10/2012

In September, stocks maintained their uptrend (S&P 500: 2.58%), with implied volatility near historical lows (VIX: 15.7%). High-grade bonds fell slightly (Lehman Global: -0.31%, Lehman US: -0.18%), while riskier fixed-income instruments strengthened significantly (Convertibles: 1.81%, Credit-Spread Index: 1.00%). Commodities retreated after two strongly positive months (-1.38%), and the dollar downtrend persisted (-1.17%).

Capital Partners Group (CPG) Chooses Qube To Host And Operate New Trading Venue - Quote Mtf’s Venue Outsourcing Service To Power Spain-X, A New Spanish Trading Venue

Date 18/10/2012

Capital Partners Group “CPG” (www.Capital-Partners.co.uk), an FSA regulated  Investment Bank, today announced that it has reached an agreement to partner with Quote MTF (www.quotemtf.com), the stock exchange operator, to enter the Spanish trading market.    The new  venue,  Spain-X MTF (Spain-X.com), will utilise Qube, Quote MTF’s hosting solution.