News Centre

Hong Kong's Securities And Futures Commission Bans Ng Chi Keung For 10 Years

Date 17/04/2012

The Securities and Futures Commission (SFC) has prohibited Mr Ng Chi Keung from re-entering the industry for 10 years from 17 April 2012 to 16 April 2022 for failing to establish the true identity of the holder of an account and allowing unauthorized persons to operate that account. 

Statement By IMF Managing Director Christine Lagarde On Japan’s $60 Billion Pledge

Date 17/04/2012

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today:

“I warmly welcome today’s announcement by Finance Minister Jun Azumi on the Japanese authorities’ intention to contribute US$60 billion in additional resources to the IMF. This is an important step forward in the ongoing international effort to strengthen the adequacy of the global resources available to prevent and fight crises and to promote global economic stability."

KVH To Launch “KVH VCONNECT(TM)” Video Collaboration Solutions Globally - Boosting Business Efficiency With Flexible And Scalable Managed Services

Date 17/04/2012

KVH Co. Ltd., Asia’s leading information delivery platform, today announced it will become the first partner of the Teliris Channel Partner Program in Japan.  Beginning today, KVH will globally offer KVH VCONNECT(TM), a set of video collaboration solutions that combine Teliris’ video conferencing products with KVH’s own network services.

Securities Commission Malaysia And Oxford Centre For Islamic Studies Offer A Scholar In Residence Fellowship

Date 17/04/2012

Nominations are now invited for a Visiting Fellowship at the Oxford Centre for Islamic Studies for the academic year commencing October 2012, under a new Scholar in Residence Programme in Islamic Finance jointly supported by the Securities Commission Malaysia (SC) and the Oxford Centre for Islamic Studies (OCIS).  OCIS is a recognised independent centre of the University of Oxford.

Japan's Financial Services Agency: Publication Of “Taxation Of J-Sukuk Q&A”

Date 17/04/2012

The 2011 tax reform introduced a tax break leveling the playing field between a quasi-bond beneficial interest which can be used as a J-Sukuk and a conventional bond for tax purposes. In addition, following the introduction of this tax break, Japan Securities Depository Center, Inc. commenced the handling of J-Sukuk on April 1, 2012.

Treasury International Capital Data For February

Date 16/04/2012

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for February 2012.  The next release, which will report on data for March 2012, is scheduled for May 15, 2012.

IMF Managing Director Christine Lagarde Congratulates Jim Yong Kim On Appointment As President Of The World Bank

Date 16/04/2012

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement after the announcement of Mr. Jim Yong Kim as President of the World Bank Group:

“I would like to congratulate Jim Yong Kim for his appointment as President of the World Bank Group. He brings an impressive record of experience, commitment, and leadership on development issues to the Bank. I very much look forward to working with him and in further advancing the strong collaboration between our institutions.”

Statement From Dr. Jim Yong Kim Regarding His Selection By The World Bank's Executive Directors As 12th President Of The World Bank

Date 16/04/2012

Dr. Jim Yong Kim today released a statement in response to his selection by the World Bank's Executive Directors as 12th President of the World Bank: 

“I am honored to accept the Executive Directors’ decision to select me as the next President of the World Bank Group.  I am delighted to succeed Robert Zoellick, who has served with excellence and distinction during the last five years, and I am grateful to the Bank’s member countries for the broad support I have received."

SEC Charges optionsXpress And Five Individuals Involved In Abusive Naked Short Selling Scheme

Date 16/04/2012

The Securities and Exchange Commission today charged an online brokerage and clearing agency specializing in options and futures as well as four officials at the firm and a customer involved in an abusive naked short selling scheme.

SIX Swiss Exchange And Scoach Switzerland: More Trades In March 2012

Date 16/04/2012