News Centre

Acuiti Derivatives Insight Report: Revenues In Derivatives Market Increase In May - Firms Bounce Back After Poor April Performance

Date 21/06/2019

Key findings:

• Revenue and outlook improve in wake of US rate volatility
• Sellside posts strongest performance
• European firms under the most pressure

Keynote Speech By Ms Julia Leung, Deputy Chief Executive Officer And Executive Director, Intermediaries, Hong Kong Securities And Futures Commission. At 2019 Risk Hong Kong Conference

Date 21/06/2019

A speech entitled "Risk 101: Back to Basics" delivered by Ms Julia Leung today was posted on the SFC website.

ASIC Amends Fees And Cost Disclosure To Align With Protecting Your Super Package Laws

Date 21/06/2019

ASIC has amended Class Order 14/1252 [CO 14/1252] to ensure it is consistent with the Treasury Laws Amendment (Protecting Your Super Package) Act 2019 and Regulations (PYSP), which ban exit fees from 1 July 2019.

New Zealand Financial Markets Authority’s Fifth Statistical Report On AFAs In NZ

Date 21/06/2019

The Financial Markets Authority’s annual snapshot of Authorised Financial Advisers shows 140 advisers became AFAs in the year to the end of June 2018. That’s the highest number of new AFAs in the three years the FMA has broken down advisers being authorised and those whose authorisation lapses.

ASIC Reports On Decisions To Cut Red Tape – October 2018 To March 2019

Date 21/06/2019

ASIC has helped the law work better for business by granting over 700 applications for relief between 1 October 2018 and 31 March 2019.

CFTC: Giancarlo Statement On Basel Committee Agreement

Date 21/06/2019

Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo issued the following statement regarding the recommendation by the Basel Committee on Banking Supervision to exclude initial margin from the leverage ratio.

UK Financial Conduct Authority Responds To Treasury Committee’s Consumers’ Access To Financial Services Report

Date 21/06/2019

The Treasury Committee published its Consumers’ Access to Financial Services report on 13 May 2019.

FINRA: Financial Prosperity Eludes Many Americans Despite Growing Economy And Declining Unemployment - National Comprehensive Survey Of Financial Capability Finds Younger Americans, Those With Lower Incomes, African-Americans And Those Without A College Degree Facing Toughest Financial Struggles

Date 20/06/2019

As the gap between the Haves and the Have-nots continues to widen, cash-strapped Americans are failing to save money, struggling with student loan debt and facing decreasing financial literacy, despite economic growth and declining unemployment over the past 10 years, according to new research from the FINRA Investor Education Foundation (FINRA Foundation). The study, “The State of U.S. Financial Capability,” finds that key indicators of financial capability are no longer improving in step with the economy.

SEC Wins Jury Trial Against Broker Charged With Defrauding Customers - Broker’s Partner Settled On The Eve Of Trial To A Final Judgment With Admissions

Date 20/06/2019

Jurors in Manhattan federal court today returned a verdict in the Securities and Exchange Commission’s favor against a broker who was charged in January 2017 with fraud for excessively trading customer accounts using a trading scheme that generated hefty commissions for the broker but significant losses for his customers. A second broker, also charged in the same complaint for engaging in the same fraudulent practices, admitted to his misconduct and settled with the SEC on the eve of trial.

Mansion House Dinner Speech 2019 - Philip Hammond - The UK Chancellor's 2019 Mansion House Dinner Speech, Delivered On 20 June 2019

Date 20/06/2019

My Lord Mayor, Excellencies, Lords, distinguished guests, Ladies and Gentlemen,

It is a pleasure to be back here, in the magnificent setting of the Mansion House.