News Centre

UK Financial Conduct Authority And China Securities Regulatory Commission Announce Their Support For The Shanghai-London Stock Connect Scheme

Date 17/06/2019

The Financial Conduct Authority (FCA) and the China Securities Regulatory Commission (CSRC) have today made a joint announcement of their approval of the Shanghai and London Stock Exchanges proposed new Shanghai-London Stock Connect. They have also published a memorandum of understanding (MoU) aimed at providing the basis for the regulatory co-operation that will support the success of the scheme.

Raiffeisen Bank International Opens Foreign Nominee Securities Account With NSD

Date 17/06/2019

National Settlement Depository (NSD), Russian central securities depository, continues to develop services integrated into the global financial system. Raiffeisen Bank International (Vienna) has become the first foreign custodian bank to establish a direct link with the Russian securities market by opening a foreign nominee securities account directly with the Russian CSD. Due to this, the bank can provide its clients with access to a wide range of Russian financial instruments and NSD services.

Monetary Authority Of Singapore Issues Prohibition Orders Against Mr Paris Michele For Dishonest Conduct

Date 17/06/2019

The Monetary Authority of Singapore (MAS) has issued 3-year prohibition orders (POs) against Mr Paris Michele for dishonest conduct. A former representative of UBS AG, Singapore branch (UBS), he had forged documents and falsified company emails during his employment with UBS.

Albanian Securities Exchange And Vienna Stock Exchange Join Forces In Market Data Distribution

Date 17/06/2019

The Albanian Securities Exchange and the Vienna Stock Exchange have signed a market data cooperation agreement. Financial information providers, so-called data vendors, can access market data from Albania via the Vienna Stock Exchange's central data feed. Market data from Albania can potentially reach more than 18,000 end users in about 60 countries in real-time. The one-stop shop solution reduces the administrative, legal and IT work for clients to a minimum. The Vienna Stock Exchange globally disseminates data from 11 markets on one feed: Updates on securities from Albania, Austria, Bosnia and Herzegovina, Croatia, Czech Republic, Hungary, Kazakhstan, North Macedonia, Serbia and Slovenia, as well as trading data of the Energy Exchange Austria (EXAA).

Shanghai-London Stock Connect Officially Launched

Date 17/06/2019

Hu Chunhua, Vice Premier of China’s State Council, and Phillip Hammond, UK’s Chancellor of the Exchequer, who jointly chaired the 10th China-UK Economic and Financial Dialogue, attended the opening ceremony of the Shanghai-London Stock Connect at the London Stock Exchange (LSE) on June 17.

New Speeches By Julia Leung, Deputy Chief Executive Officer And Executive Director, Intermediaries, Hong Kong’s Securities And Futures Commission: Opening Remarks At SFC Compliance Forum 2019

Date 17/06/2019

Two speeches delivered by Ms Julia Leung today at the SFC Compliance Forum 2019, an annual event to discuss regulatory issues with the industry, were posted on the SFC website:

• Morning session opening remarks
• Afternoon session opening remarks

TIPS - Payments Technology Leader Expands Cloud-Based Managed Service Offering With End-To-End Instant Payments Processing For RT1 And TIPS, Using SIAnet As Connectivity Solution

Date 17/06/2019

Volante Technologies Inc., a global provider of software to accelerate digital transformation and modernization, today announced that it is providing end-to-end SEPA (Single Euro Payments Area) instant payments processing as an on-demand managed service on Microsoft Azure. Volante’s SEPA Instant Payments as a service will provide all payment service providers (PSPs) certified access to the two principal pan-European schemes, EBA CLEARING’s RT1 and ECB’s TIPS, through the high-speed, secure messaging and low-latency SIAnet network.

Osaka Exchange To Launch Alternative Data Service

Date 17/06/2019

As recent years have seen the diversification of data and the growth of alternative data, Osaka Exchange, Inc. performed proof of concept (the PoC), in cooperation with a range of parties concerned, regarding the feasibility of using new data and service that are expected to contribute to the development of securities markets.

UK Financial Conduct Authority Calls On Consumer To Act Now As PPI Complaints Deadline Pressure Builds

Date 17/06/2019

• As new ads launch today, 90s icon Mr Motivator and personal finance expert Sarah Pennells join ‘Animatronic Arnie’ on FCA’s ‘Pressure’s on Panel’ to help galvanise consumer action
• The FCA releases latest figures on PPI

ASIC: Major Financial Reporting Changes And Other Focuses

Date 17/06/2019

Announcing its focus areas for 30 June 2019 financial reports of listed entities and other entities of public interest with many stakeholders, ASIC has called on companies to focus on new requirements that can materially affect reported assets, liabilities and profits.