News Centre

UK Government: £320 Million Plan To Usher Innovation And Deliver Mansion House Reforms

Date 21/11/2023

The Chancellor has announced a £320 million plan to drive innovation and unlock the first tranche of investment from his Mansion House Reforms.

Second Consecutive Platinum Deficit Forecast In 2024 Amid Ongoing Automotive And Industrial Demand Strength And Constrained Supply

Date 21/11/2023

• Platinum deficit of 353 koz forecast for 2024, with this year’s deficit to exceed 1 million ounces
• Both mining and recycling supply expected to be well below pre-COVID levels in 2023 and 2024
• Automotive demand continues to strengthen, up 14% this year, with a further 2% increase expected next year
• 2023 will see the highest industrial demand on record, with 2024 the third-highest
• Investment demand forecast to remain positive in 2024

Second Euronext Tech Leaders Campus Brings Together Europe’s Leading Tech Companies, Advisors And Investors Committed To Accelerating Tech Growth In Europe

Date 21/11/2023

• Second successful edition of the Euronext Tech Leaders Campus, a Euronext initiative aimed at bringing together the European technology community with the support of a network of local and international investment banks and advisors
• 180 meetings organised between international investors and executives of Euronext Tech Leaders, a unique platform in Europe to support them in funding their growth
• 300+ participants at the Euronext Tech Leaders Campus, uniting the community of listed Euronext Tech Leaders, high-growth European private Tech companies and financial players

ASIC Annual Forum 2023: Hardship And Vulnerable Consumers

Date 21/11/2023

KEY POINTS

• This article follows a session on the hardship issues impacting vulnerable consumers at the 2023 ASIC Annual Forum in Melbourne.
• ASIC is seeing evidence that an increasing number of customers are experiencing financial distress and difficulty due to cost-of-living pressures.
• The way credit providers respond can have a substantial impact on the lives of their customers. In addition to increased scrutiny of lenders’ hardship practices, ASIC remains focused on protecting vulnerable consumers and small businesses from the harms arising from predatory lending practices, high-cost credit and other poor conduct.

ASIC Annual Forum 2023: Responding To Climate Disruption

Date 21/11/2023

KEY POINTS

• This article follows a session on the impacts of the net-zero economy on Australian businesses at the 2023 ASIC Annual Forum (AAF) in Melbourne.
• The Australian Government is consulting on a new mandatory climate-related reporting regime – representing a gear-change for industry and regulators alike.
• Supporting effective climate and sustainability governance and disclosure, as well as tackling greenwashing, are priorities for ASIC.

ASIC Annual Forum 2023: Navigating Disruption: Setting A Direction For ASIC In 2024 - Keynote Opening Address By ASIC Chair Joe Longo At The ASIC Annual Forum, 21 November 2023

Date 21/11/2023

KEY POINTS

• Regulation and enforcement are the key to navigating disruption.
• With heightened geopolitical uncertainty, market volatility and unpredictability in the global economy, effective regulatory responses are required.
• ASIC takes a strategic approach to respond to emerging risks and harms and will continue to act to deter bad behaviour where necessary.

Japan Financial Services Agency: Finalization Of The Revised Draft Of “Guidelines For Creating, Recordkeeping And Reporting Of Transaction Information Specified In Article 4(1) Of The Cabinet Office Order On The Regulation Of Over-The-Counter Derivatives Transactions, Etc.”

Date 21/11/2023

The Financial Services Agency (FSA) called for public comments on the draft version of the revised “Guidelines for Creating, Recordkeeping and Reporting of Transaction Information specified in Article 4(1) of the Cabinet Office Order on the Regulation of Over-the-Counter Derivatives Transactions, etc.” from September 1 through October 2.
 

ASIC Annual Forum 2023: Impact Of AI On Financial Services

Date 21/11/2023

KEY POINTS

• This article follows a session exploring the impact of artificial intelligence (AI) on financial systems at the 2023 ASIC Annual Forum in Melbourne.
• Through machine-learning models, robo-advice, and scam prevention, AI can be used to leverage good outcomes for consumers – but each new opportunity carries risk.
• ASIC is closely monitoring the development and application of AI to better understand the threats and opportunities for regulated entities and markets.

TAIFEX Announces New U.S. PHLX Semiconductor Sector Futures In Collaboration With CME Group And Nasdaq

Date 21/11/2023

Taiwan Futures Exchange (TAIFEX), in partnership with CME Group and Nasdaq, is launching the TAIFEX PHLX Semiconductor Sector Futures (SXF) on December 18, 2023. The SXF complements existing TAIFEX Nasdaq-100 Futures, TAIFEX Dow Jones Industrial Average Futures and S&P 500 Futures, making TAIFEX the only exchange outside the United States to list futures contracts on four major U.S. equity indexes.

ASIC Annual Forum 2023: Enforcement Session Opening Remarks - Enforcement Session Opening Speech By ASIC Deputy Chair Sarah Court At The ASIC Annual Forum, 21 November 2023

Date 21/11/2023

KEY POINTS

• ASIC is one of the most active enforcement agencies in the country. Its enforcement approach is proactive, strategic and bold.
• ASIC successfully delivered against its 2023 enforcement priorities and has set new priorities for 2024.
• These priorities communicate our intent to industry and our stakeholders, and give a clear indication of where we will direct our resources and expertise. The public announcement of areas for enforcement can also have a compliance effect in and of itself.