News Centre

Hong Kong Securities And Futures Commission Suspends Wang Shian-tang For 26 months

Date 20/11/2024

The Securities and Futures Commission (SFC) has suspended the licence of Mr Wang Shian-tang, a former licensed representative of Yuanta Securities (Hong Kong) Limited (Yuanta) for 26 months from 20 November 2024 to 19 January 2027.

Hong Kong Monetary Authority, Hong Kong Securities And Futures Commission, Hong Kong Academy Pf Finance: Conclusion Of “Conversations With Global Investors” Seminar Of Global Financial Leaders’ Investment Summit

Date 20/11/2024

The “Conversations with Global Investors” forum marked the successful conclusion of the three-day Global Financial Leaders’ Investment Summit (Summit) in Hong Kong today (20 November).

End-To-End Accountability: Remarks To Association Of Superannuation Funds Of Australia Conference 2024 - Remarks By ASIC Commissioner Simone Constant At Association Of Superannuation Funds Of Australia Conference 2024 In Sydney On 20 November 2024

Date 20/11/2024

Key points

• Driving better retirement outcomes and member services is a strategic priority for ASIC. Ensuring accountability of superannuation trustees will be a significant focus for us over the next year.
• We have written to the CEOs of every APRA-regulated superannuation trustee, urging industry leaders to act now to improve their oversight of death benefits. We are concerned the metrics being used to track death claims handling and processing are too sparse to drive accountability.
• We have also reminded senior executives that they will become accountable persons under the Financial Accountability Regime from next March, which will be an important step in helping us ensure there is top-down accountability in superannuation funds.

Welcoming Remarks At The “Conversations With Global Investors”, Investment Forum Of The 2024 Global Financial Leaders’ Investment Summit, Ms Julia Leung, Hong Kong Securities And Futures Commission Chief Executive Officer, 20 November 2024

Date 20/11/2024

Distinguished guests, ladies and gentlemen, good morning.

On behalf of the Securities and Futures Commission, Hong Kong Monetary Authority and the Academy of Finance, let me extend to you all a very warm welcome to Hong Kong, and to this investment forum on Day 3 of our Global Financial Leaders’ Investment Summit. We are most delighted to host you here and explore how to “sail through changes”.

Supervision And Regulation, Federal Reserve Vice Chair For Supervision Michael S. Barr, Before The Committee On Financial Services, U.S. House Of Representatives, Washington, D.C.

Date 19/11/2024

Chairman McHenry, Ranking Member Waters, and other members of the Committee, thank you for the opportunity to testify on the Federal Reserve's supervisory and regulatory activities. Accompanying my testimony is the Federal Reserve's semiannual Supervision and Regulation Report. Today, I will discuss current conditions in the banking sector, and our recent supervisory and regulatory activities.

Driving Transparency, Innovation, And Compliance: The Dubai Financial Services Authority Hosts Annual Outreach And Releases 2024 Cyber Thematic Review

Date 19/11/2024

The Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in and from the Dubai International Financial Centre (DIFC), today hosted its Annual Outreach session, drawing more than 500 participants from across the financial services sector. The event underscores the regulator’s commitment to enhancing industry collaboration, innovation, and compliance.

MIAX Exchange Group - Options Markets - Market For Underlying Security Used For Openings On MIAX Options, MIAX Pearl Options, MIAX Emerald Options And MIAX Sapphire Options For Newly Listed Symbols Effective Wednesday, November 20, 2024

Date 19/11/2024

Please refer to the Regulatory Circulars listed below for newly added symbols and the corresponding market for the underlying security used for openings on the MIAX Exchanges. The newly listed symbols will be available for trading beginning Wednesday, November 20, 2024.

MIAX Exchange Group - Options Markets - New Listings Effective For November 20, 2024

Date 19/11/2024

The attached option class will begin trading on the MIAX Options Exchange, the MIAX Pearl Options Exchange, the MIAX Emerald Options Exchange, and the MIAX Sapphire Options Exchange on Wednesday, November 20, 2024.

Remarks By US Assistant Secretary For International Finance Brent Neiman On The U.S. Cross-Border Payments Agenda

Date 19/11/2024

Thank you very much for the opportunity to be here today, and a particular thank you to our hosts, John Williams, Fabiola Ravazzolo, and their team at the Federal Reserve Bank of New York. This conference is a timely and welcome addition to the range of engagements the New York Fed hosts. Foreign exchange markets are critical to so much economic activity, from hedging to trade financing, and they are evolving rapidly. We have come a long way from the days when spot markets were dominant, and the New York Fed has been a positive force at every step along the way. 

Remarks By US Assistant Secretary For Investment Security Paul Rosen At The Third Annual CFIUS Conference

Date 19/11/2024

Good afternoon.  I’d like to start by thanking our panelists today for sharing their perspectives and engaging in an important and insightful discussion.  On the U.S. Government side, each of you is a close partner, and I appreciate the tremendous effort you put into carrying out our national security mission.  I also see many members of the CFIUS bar, the business community, as well as compliance professionals.  Thank you for your collaboration in the CFIUS process as well – you have an important role to play in supporting our work.