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Australian Senate Economics Legislation Committee: Opening Statement By ASIC Chair, James Shipton, 24 October 2018, Opening Statement By James Shipton, Chair, Australian Securities And Investments Commission, Senate Economics Legislation Committee, 24 October 2018

Date 24/10/2018

Introduction

Thank you Chair.

Firstly, I would like to table my opening statement to the Parliamentary Joint Committee on Corporations and Financial Serviceslast Friday, 19 October. That statement referenced two documents tabled at that Committee, namely ASIC’s latest enforcement and compensation outcomes and the Terms of Reference of an internal review into our enforcement processes and procedures. With permission Chair, I seek to table these three documents today.

ETFGI Reports ETFs And ETPs Listed In Asia Pacific (Ex-Japan) Gather Net Inflows Of US$2.87 Billion During September 2018

Date 24/10/2018

ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Asia Pacific (ex-Japan) gathered net inflows of US$2.87 billion during September. Total assets invested in ETFs and ETPs listed in the Asia Pacific (ex-Japan) fell 0.89% over the month, to US$184 Bn, according to ETFGI’s September 2018 Asia Pacific (ex-Japan) ETF and ETP industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.) 

Dalian Commodity Exchange: Foreigners Optimistic About China’s Options Market

Date 24/10/2018

The “China and Global Derivatives Market Development Forum (CGDDF)”, organized by Dalian Commodity Exchange (DCE) and the British Futures and Options World (FOW), was held in Dalian on October 16. At the seminar on the “Construction and Development of Global Options Market” that morning, senior staffs of overseas exchanges shared the experience of mature options markets and discussed the development trend and prospect of the options market in China and the world together with senior staffs of Chinese exchanges.

New York State Department Of Financial Services Authorizes Coinbase Global, Inc. To Form Coinbase Custody Trust Company LLC - DFS Also Approves Coinbase Trust To Offer Custody Services Of Bitcoin, Bitcoin Cash, Ethereum, Ether Classic, XRP And Litecoin

Date 23/10/2018

Financial Services Superintendent Maria T. Vullo today announced that the New York State Department of Financial Services (DFS) has approved the application of Coinbase Custody Trust Company LLC, a wholly-owned subsidiary of Coinbase Global, Inc., to operate as a limited purpose trust company.

Improving Information For Investors In The Digital Age, SEC Commissioner Kara M. Stein, New York, NY, Oct. 23, 2018, Address At The Council Of Institutional Investors 2018 Fall Conference

Date 23/10/2018

Thank you, Ken [Bertsch], for that kind introduction. I would like to start out by thanking the Council of Institutional Investors for inviting me to speak with you. It is a pleasure to be here.

I last spoke to you in May 2014 about “Building Momentum.” At the time, I was a rookie Commissioner. Now, I stand before you after five years as a Commissioner and over 5,700 votes under my belt. It has been an amazing time to be on the Commission, and I’ve learned a great deal about what matters to both companies and investors. Today, I’d like to share with you some of my thoughts borne from my experience. Specifically, my thoughts on how the Commission should improve disclosure to investors in the Digital Age.

Royal Gazette Bermuda, Scott Neil, Assistant Business Editor:- BSX CEO : Shift Happening In Crypto Exchanges

Date 23/10/2018

While traditional stock exchanges and crypto exchanges have not melded together, Greg Wojciechowski senses a shift happening with digital exchanges moving towards more traditional exchange models “but with a modern flair”.

Slides From Governor, Bank Of England Mark Carney's Speech At The Machine Learning And The Market For Intelligence Conference, University Of Toronto - AI And The Global Economy

Date 23/10/2018

Slides from Mark Carney's speech at Rotman School of Management, University of Toronto.

AI and the Global Economy - slides

Office Of The Comptroller Of The Currency Assesses $100 Million Civil Money Penalty Against Capital One

Date 23/10/2018

The Office of the Comptroller of the Currency (OCC) recently assessed a $100 million civil money penalty against Capital One, N.A., and Capital One Bank (USA), N.A. for deficiencies in the bank’s Bank Secrecy Act/Anti-Money Laundering program.

ETFGI Reports Assets Invested In The Global ETF/ETP Industry Extend Lead Over Hedge Fund Industry As Gap Widens To US$1.75 Trillion At The End Of Q2 2018

Date 23/10/2018

ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed globally amounted to US$4.99 trillion at the end of Q2 2018, following net inflows of US$85.47 billion and market moves during the period. The Global Hedge Fund industry saw assets rise to a record US$3.24 trillion, despite net outflows of US$3.0 billion over the quarter, buoyed by positive market moves, according to ETFGI’s Q2 2018 Global ETF and ETP industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.) 

How The Danske Bank Money-Laundering Scheme Was Uncovered By A Whistleblower - Danske Bank Whistleblower Highlighted In WSJ Danske Bank Expose´ - Whistleblower Attorney Demand Protection From Denmark And Estonia Government

Date 23/10/2018

A report in today’s Wall Street Journal  details how a British trader in Danske Bank’s Estonia office uncovered what some are calling  largest money-laundering scandal in world banking history.  The feature article describes British banker Howard Wilkinson’s five-year journey to bring an end to this large-scale corruption.