News Centre

FSA Fines Martin Currie £3.5 Million For Failing To Manage A Conflict Of Interests Between Clients

Date 10/05/2012

The Financial Services Authority (FSA) has fined Martin Currie Investment Management Limited and Martin Currie Inc (together, Martin Currie) £3.5 million for failing to manage a conflict of interest between two of its clients. This is the largest fine ever imposed by the FSA in a conflict of interest case. In addition to the fine issued by the FSA, the Securities and Exchanges Commission (SEC) is also fining Martin Currie in the US.

NYSE Amex LLC To Be Renamed NYSE MKT LLC - NYSE Amex Options Market Will Retain Its Current Name

Date 10/05/2012

NYSE Euronext (NYX) today announced that NYSE Amex LLC, the  self regulatory organization, will be renamed NYSE MKT LLC effective  May 14, 2012, subject to SEC filing. NYSE MKT is the  premier U.S. equities market for listing and trading of small growth companies.  NYSE MKT’s associated options market will continue to do business under the name  NYSE Amex Options.

Burgundy Launches Competitive Clearing

Date 10/05/2012

Burgundy is pleased to announce launch of a competitive clearing service from 11 May 2012. Competitive clearing enables Burgundy’s customers to choose between EMCF and SIX x-clear, both leading European clearinghouses.

United Kingdom's Financial Services Authority Publishes Recovery And Resolution Plan (RRP) Update

Date 10/05/2012

The Financial Services Authority (FSA) has published a feedback statement setting out the approach being taken by the FSA to ensure firms develop appropriate recovery plans and resolution packs.

Malaysia And Hong Kong Jointly Organised Regional Discussion On Takeover Developments - First Roundtable Of Regional Takeover Regulators Held In Kuala Lumpur

Date 10/05/2012

The Securities Commission Malaysia (SC) and Securities and Futures Commission (SFC) Hong Kong jointly organised a Roundtable of Regional Takeover Regulators of nine jurisdictions in Kuala Lumpur from 9 to 11 May.

Chi-East Pte. Ltd. To Unwind Operations

Date 10/05/2012

Singapore Exchange Limited (“SGX”) announces today that Chi-East Pte. Ltd. (“Chi-East”) plans to unwind its operations over the next two weeks. 

Joaquín Almunia Vice President Of The European Commission Responsible For Competition Policy Europe’s Banking Sector After The Crisis: Oversight, Regulation And Responsibility 23rd World Savings Banks Institute Congress Marrakech, 10 May 2012

Date 10/05/2012

Ladies and Gentlemen,

When I received the kind invitation to address the WSBI world congress, I accepted without hesitation because policy makers and the banking community need to carry out a serious debate on the banking models of the future, and it was clear to me that this would be the perfect venue. I thank the organisers for giving me this opportunity and also for giving me the opportunity to come back to beautiful Marrakech, which is a city I am fond of.

WSE’s Optimum Growth Strategy Addresses Changing Market Conditions

Date 10/05/2012

• Net profit of the WSE Group in Q1 2012 at PLN 33.5 million, down by 13.2% YoY and up by 36.6% QoQ.
• Sales revenues at PLN 63.9 million, down by 7.6% YoY.
• Operating profit at PLN 35.7 million, down by 7.4% YoY.
• EBITDA margin at 69.1 percent, stable YoY (69.3% in Q1 2011).
• ROE at 23%, up by 3.8 percentage points.
• Quarterly EPS at PLN 0.79 in Q1 2012 v. PLN 0.92 in Q1 2011.
• Polish Power Exchange consolidated by the WSE Group as of March 2012.

HKFE Announces Revised Margins For China Construction Bank Futures

Date 10/05/2012

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Monday, 14 May 2012, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract will be as outlined in the table below. 

UK's Financial Services Authority Managing Director, Martin Wheatley, Addresses The Building Societies Association’s Annual Conference

Date 10/05/2012

Martin Wheatley, managing director of the Financial Services Authority (FSA) and CEO designate of the Financial Conduct Authority (FCA), yesterday stressed that building societies must continue to be committed to their members, and that the regulator would “treat everyone the same, big or small, bank or building society”.