News Centre

ASIC Reviews Root Cause Analysis At Six Largest Audit Firms

Date 19/10/2022

ASIC has today released a thematic report following its review of root cause analysis on negative audit quality findings conducted by the largest six audit firms. The report also includes better practice recommendations.

HKEX 2022 Q3 Results

Date 19/10/2022

Nicolas Aguzin, Chief Executive Officer said:

“This has been a productive quarter for HKEX with a number of potentially significant strategic initiatives announced or going live. These include the addition of ETFs in Stock Connect, the announcement of the next phase in the Connect franchise – Swap Connect, the establishment of the Hong Kong International Carbon Market Council and a number of new product launches and market enhancements. These are all further exciting building blocks, as we shape the long term sustainable and successful future of our business and our markets. Despite continued global market fragility, a rising interest rate environment, inflationary pressures and ongoing geopolitical tensions, we are also today pleased to report a resilient set of quarterly results. Our numbers are down on record comparables and we continue to see softness in our Cash Market. However, there are early signs of renewed momentum in the IPO market, a buoyant Derivatives Market and continued strength in both Stock Connect and Bond Connect. We are positioned well for when market sentiment recovers. Looking forward we will continue to invest in talent and technology, whilst still actively and prudently managing our cost base; and we will drive both excellence in execution and delivery as we remain fully focused on our vision to build the Marketplace of the Future.”

New Zealand Financial Markets Authority Warns InvestNow For AML/CFT Deficiencies And Failures

Date 19/10/2022

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has issued a formal warning to InvestNow Saving and Investment Service Limited for failing to comply with anti-money laundering requirements, including conducting customer due diligence, and having adequate and effective processes.

Treasury International Capital Data For August

Date 18/10/2022

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for August 2022.  The next release, which will report on data for September, is scheduled for November 16, 2022.

US Acting Comptroller Of The Currency Issues Statement On FDIC And Federal Reserve Board ANPR On Resolution-Related Resource Requirements For Large Banking Organizations

Date 18/10/2022

Acting Comptroller of the Currency Michael J. Hsu today issued the following statement at the Federal Deposit Insurance Corporation (FDIC) board meeting:

CFTC Commissioner Mersinger To Participate In A Panel Discussion Regarding Pragmatic Commodity Surveillance In Unprecedented Times

Date 18/10/2022

Readout: US Secretary Of The Treasury Janet L. Yellen’s Virtual Meeting With Ukraine Prime Minister Denys Shmyhal

Date 18/10/2022

Today, Secretary of the Treasury Janet L. Yellen held a virtual meeting with Prime Minister of Ukraine Denys Shmyhal. Secretary Yellen reaffirmed the United States’ commitment to supporting Ukraine’s brave resistance against Russia’s illegal war, including Russia’s latest barbaric attacks on civilians, and noted the United States is working swiftly to disburse $4.5 billion in recently-approved budget support, bringing total U.S. economic assistance to $13 billion, all in grants. Secretary Yellen acknowledged Ukraine’s significant financing needs next year for critical government services and urgent recovery projects.  Secretary Yellen also emphasized the need for inclusive coordination across international partners to help Ukraine begin to rebuild and recover.

API Standards For Data-Sharing (Account Aggregator) - Report By The Consultative Group On Innovation And The Digital Economy (CGIDE) Established At The BIS Representative Office For The Americas

Date 18/10/2022

This report is the third part of a trilogy on enabling open finance through APIs under the auspices of the BIS Consultative Group on Innovation and the Digital Economy (CGIDE). A survey of CGIDE central bank members shows that there is a common interest in implementing data-sharing with the aim of increasing efficiency and promoting cooperation. The main challenges are coordination among participants, standardisation and technological infrastructure.

IMF Executive Board Selects Pablo Moreno As Director Of The Independent Evaluation Office

Date 18/10/2022

The Executive Board of the International Monetary Fund (IMF) has selected Mr. Pablo Moreno as Director of the Independent Evaluation Office of the IMF. He will succeed Mr. Charles Collyns of the United States, whose term will expire on April 30, 2023.

FESE Capital Markets Fact Sheet - Q3 2022: A Quarterly Visual Overview Of Trading On European Capital Markets From FESE's Stats Team

Date 18/10/2022

Seasonality, combined with inflationary pressures, rising interest rates and lingering geopolitical uncertainty, are the background to a bearish market picture in Europe.