News Centre

New Zealand Financial Markets Authority Fears Chinese New Zealanders Are Under-Reporting Investment Scams

Date 16/02/2021

Chinese New Zealanders are being urged to beware of investment scams in the current economic climate, and to report any investment scams to the Financial Markets Authority (FMA).

Readout: US Secretary Of The Treasury Janet L. Yellen’s Call With European Central Bank President Christine Lagarde

Date 16/02/2021

Earlier today, Secretary of the Treasury Janet L. Yellen spoke with European Central Bank (ECB) President Christine Lagarde. Secretary Yellen emphasized their shared priorities, including ending the pandemic, supporting a strong global economic recovery, maintaining financial stability, and forcefully addressing the threat of climate change. The Secretary commended the ECB’s swift and decisive policy response to the pandemic and discussed policy tools to foster growth and job creation in both Europe and the United States. The Secretary emphasized the importance of deepening transatlantic cooperation on economic and financial issues of mutual interest.

SEC: Joint Statement On The Departure Of Sagar Teotia, Acting Chair Allison Herren Lee, Commissioner Hester M. Peirce, Commissioner Elad L. Roisman, Commissioner Caroline A. Crenshaw

Date 16/02/2021

On his last day with the Commission, we would like to thank Sagar Teotia for his years of service to the agency and his leadership of the Office of the Chief Accountant. During his time as Chief Accountant, Sagar has overseen many important developments in auditing and accounting standards. We particularly commend him for work as Co-Chair of the Monitoring Group, a group of international financial institutions and regulatory bodies committed to advancing the public interest in international auditing matters. Under his leadership, the Monitoring Group made critically important advances in strengthening the international audit and ethics standards-setting system and improving international audit quality. We have appreciated Sagar’s expertise, his judgment, and his commitment to ensuring investors have access to the highest quality financial reporting.

SEC Charges Ratings Agency With Disclosure And Internal Controls Failures Relating To Undisclosed Model Adjustments

Date 16/02/2021

The Securities and Exchange Commission today filed a civil action alleging that former credit ratings agency Morningstar Credit Ratings LLC  violated disclosure and internal controls provisions of the federal securities laws in rating commercial mortgage-backed securities (CMBS).

NZX Full Year 2020 Results & Annual Report Published - NZX Reports Step-Change In Growth, With Further Lift In Earnings

Date 16/02/2021

• Operating earnings up 9.7% to $34.4m
• Record trading levels, with 41.8% increase in value traded to $53.7b
• Revenue growth across Capital Markets, Smartshares, NZX Wealth Technologies
• Net profit after tax (NPAT) was $17.6m, up 20.1%
• FY2021 operating earnings guidance range $31.5m to $35.5m

Derivatives Exchanges In Emerging Markets: Key Success Factors - Andre Cappon, Leon Bitton, Ricardo Angulo, The CBM Group, New York NY

Date 16/02/2021

Derivatives markets are a key segment of the capital markets around the world. They are central to the efficiency and stability of capital markets and thus to economic growth.

U.S. Department Of The Treasury: Treasury International Capital Data For December

Date 16/02/2021

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for December 2020. The next release, which will report on data for January 2021, is scheduled for March 15, 2021.

New Research: Four In 10 American Households Had Difficulty Withstanding A Financial Crisis Before COVID-19 - Financial Resilience Toughest For Millennials, Singles, Women And Those With Lower Incomes, No College Degree And Facing Unemployment

Date 16/02/2021

Well before the COVID-19 pandemic, nearly four in 10 households lacked financial resilience, making them vulnerable to financial hardships, including those associated with the current pandemic or future financial crises, according to a report from the FINRA Investor Education Foundation. Meanwhile, fewer than two in 10 households appeared to be financially resilient.

Statement By Mark Steward, UK Financial Conduct Authority Director Of Enforcement And Market Oversight, On Woodford Investment Management Ltd And WCM Partners Ltd

Date 16/02/2021

The FCA has noted the recent comments by Neil Woodford on his future business plans. This statement sets out our position on specific points on which we have been asked for information.

Survey Finds Support From Derivatives Markets For Payment For Order Flow Ban In US

Date 16/02/2021

Almost half of respondents to the monthly Acuiti Derivatives Insight survey have backed a ban on payment for order flow in the US markets with 29% saying it should not be banned.