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Broadridge Signs First Customers For New Swift Services Including Transaction Screening Service And Securities View - Customers Will Gain Advanced Sanctions Screening And End-To-End Securities Settlement Control

Date 18/09/2023

Extending its strategic commitment to providing fast and efficient access to new service innovations from Swift, global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR) has announced the immediate availability of its connectivity to Swift’s API for Transaction Screening Service, and also for Swift’s newly launched Securities View service. Using Broadridge’s connectivity for these services, financial firms and corporate treasuries will be able to optimize sanctions compliance and transform their oversight and tracking of the securities lifecycle.

Financing The Future: WFE’s View On Creating Public Policy To Promote Long-Term Investment

Date 18/09/2023

The World Federation of Exchanges (WFE) has published a white paper today on the role ‘market-based finance’ plays in people’s futures. Inspired, in particular, by how share markets combat the effects of inflation, ‘Financing the Future’ examines the importance not just of long-term investment, but of having public policy that promotes it, rather than works against it. 

DIFC Steers Dubai’s Position As A Global Insurance And Reinsurance Hub With Unparalleled Growth

Date 18/09/2023

• DIFC attracts influx of new insurance and reinsurance clients, on track for 20 per cent YoY growth. 
• H1 2023 gross written premiums increased to USD 1.2bn – up 18 per cent on H1 2022 and 34 per cent on H1 2021.
• Record-breaking inflow of insurance peers over the past 5 years, with a 43 per cent representation of Managing General Agents (MGA) from Africa, Asia, Europe and Middle East, contributing to the USD 2.1bn DIFC market.
• Growth in new companies indicates a buoyant outlook for gross written premiums and workforce.
• Survey conducted by Global Reinsurance shows high confidence in Dubai and opportunities in the region.

Clear Solution Pathways Show That The UN Sustainable Development Goals Can Be Achieved By Their 2030 Deadline Despite Their Rising Costs, Force4Good Research Finds

Date 18/09/2023

With only seven years remaining to their 2030 deadline, meeting the UN Sustainable Development Goals will require a global effort to mobilize capital, resources and stakeholders on a scale never seen before, the latest Capital as a Force for Good annual report finds.

Hong Kong Securities And Futures Commission: Bans Lo Wai Ming For Seven Months

Date 18/09/2023

The Securities and Futures Commission (SFC) has prohibited Mr Lo Wai Ming, a former responsible officer (RO) of Taiping Securities (HK) Co Limited (TSCL), from re-entering the industry for seven months from 16 September 2023 to 15 April 2024.

Shenzhen Stock Exchange Market Bulletin, September 15, 2023, Issue 31

Date 18/09/2023

Click here to download Shenzhen Stock Exchange's market bulletin, issue 31.

HKEX Signs Cooperation Agreement With Guangxi Government

Date 18/09/2023

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Monday) it has signed a Memorandum of Understanding (MOU) with the People's Government of Guangxi Zhuang Autonomous Region (Guangxi Government) to strengthen cooperation and to support listings from Guangxi companies on Hong Kong’s equities market.

Hong Kong Securities And Futures Commission Reprimands And Fines Chee Tak Securities Limited $2 Million And Sanctions Its Responsible Officer For Regulatory Breaches

Date 18/09/2023

The Securities and Futures Commission (SFC) has reprimanded and fined Chee Tak Securities Limited (CTSL) $2 million for internal control deficiencies and a host of regulatory breaches.

New Zealand Commerce Commission And New Zealand Financial Markets Authority: Supporting Customers In Financial Difficulty

Date 18/09/2023

The Commerce Commission and the Financial Markets Authority have collaborated on a joint message that outlines ways that financial service providers (including consumer lenders) can support customers who are experiencing financial difficulty. It outlines ways providers can be proactive about dealing with customers in financial difficulty, including complying with their regulatory obligations, assigning sufficient resources, and always providing customers with fair treatment. 

Marconi’s Illusion: What A 120-Year-Old Magician’s Trick Can Teach Us About Cyber Preparedness - Address By ASIC Chair Joe Longo At The Australian Financial Review Cyber Summit, 18 September 2023

Date 18/09/2023

KEY POINTS

• Organisations must take an active approach to evaluating and managing third-party cyber risk.
• For all boards, cyber security and cyber resilience must be top priorities. ASIC also expects this to include oversight of cyber security risk throughout the organisation’s supply chain. Failure to ensure adequate measures are in place exposes directors to potential enforcement action by ASIC based on the directors not acting with reasonable care and diligence.
• There is a need to go beyond security alone and build up resilience – meaning the ability to respond to and recover from an incident. It’s not enough to have plans in place. They must be tested regularly – alongside ongoing reassessment of cyber security risks, including within the supply chain.