News Centre

Update On The Hong Kong Securities And Futures Commission’s Asset Management Strategy For Hong Kong, HKIFA Luncheon Mr Ashley Alder, Chief Executive Officer, 19 September 2018

Date 19/09/2018

First, I would like to thank the Hong Kong Investment Funds Association (HKIFA) for inviting me here today. The last time I spoke at this event, I explained what we were doing to help Hong Kong develop as a global, full-service asset management centr

CryptoUK Responds To The United Kingdom Parliament Treasury Committee's Report On Crypto-Assets

Date 19/09/2018

In response to today’s publication of the Treasury Committee’s report on crypto-assets, Iqbal V. Gandham, Chair of CryptoUK, commented: “As an industry we have been calling for the introduction of proportionate regulation to improve standards and encourage growth, so we welcome the Treasury Committee’s recommendations. Self-regulation by the industry was always intended to be a starting point – this must now be matched by government action. Regulatory oversight is essential to ensuring consumer safety, guarding against malpractice and providing much needed clarity to an industry that is fast maturing. It is therefore pleasing that the Committee has endorsed our suggestion on how this can be delivered by bringing responsibility within the FCA’s perimeter of oversight."

Blockbid Step Up Beta Phase With Live Trading - Users Are Able To Trade Freely During The Next Phase Of The Blockbid Beta Launch

Date 19/09/2018

As of the 28th September, cryptocurrency exchange Blockbid are set to offer live crypto trading as they gear up to the full launch later this year. Those that partake will be able to take advantage of trading with no fees at all, as well as unlimited deposits and withdrawals.

DSB Announce Broader Participation On Revised Product Committee - Inviting Applications From OTC Derivative ISIN Users To Encourage Wider Participation In The Development Of The DSB Road Map

Date 19/09/2018

The Derivatives Service Bureau, founded by the Association of Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs) for OTC Derivatives, has today announced plans for broader industry representation within the DSB’s Product Committee, and is now inviting applications to participate.

QuantHouse And Enyx Introduce FPGA Accelerated Hardware As A Service - Combining End-To-End, Ultra-Low Latency Market Data Normalisation And Distribution With Fully Managed Support And Co-Location Services Within The Hong Kong Exchange Datacenter

Date 19/09/2018

QuantHouse, the leading independent global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and infrastructure solutions, today welcomed Enyx to the qh API ecosystem. The addition of Enyx, the premier provider of low-latency, FPGA-based market data and order execution systems, provides trading firms with immediate access to a high performance, FPGA accelerated end-to-end market data service.

The UK Financial Conduct Authority Announces Outcome Of Investigation Into 4 Life Insurance Companies

Date 19/09/2018

The Financial Conduct Authority (FCA) has today announced that its remaining investigations into firms, following its thematic review into the fair treatment of longstanding customers in the life insurance sector, have each been closed.

United Kingdom Parliament Treasury Committee Update - “Wild West” Crypto-Assets Should Be Regulated

Date 19/09/2018

The Treasury Committee publishes a unanimously-agreed Report on crypto-assets for its Digital Currencies inquiry.

CFTC Orders ICAP Capital Markets LLC To Pay $50 Million Penalty For Aiding And Abetting Attempted Manipulation Of U.S. Dollar ISDAFIX Benchmark Swap Rates

Date 18/09/2018

The Commodity Futures Trading Commission (CFTC or Commission) today issued an Order filing and settling charges against ICAP Capital Markets LLC (ICAP), now known as Intercapital Capital Markets LLC (ICAP), for, by and through certain of its brokers, aiding and abetting numerous attempts by several of its bank clients to manipulate the ISDAFIX benchmark, a leading global benchmark referenced in a range of interest rate products, and requiring ICAP to pay a $50 million civil monetary penalty.

Preliminary Remarks By Michel Barnier, European Chief Negotiator For Brexit, Following The General Affairs Council (Article 50), On 18 September 2018, In Brussels

Date 18/09/2018

Ministers of Foreign and European Affairs of the EU27 meet on 18 September 2018 in Brussels to discuss the state of play of Brexit negotiations and the way ahead.

Remarks Of CFTC Commissioner Brian Quintenz Commodity Futures Trading Commission At The ICDA 39th Annual European Summit (Bürgenstock)

Date 18/09/2018

Introduction

Thank you for that kind introduction.  Before I begin, let me quickly say that the views contained in this speech are my own and do not represent the views of the Commission.

It is truly an honor to be giving this evening’s keynote at the Bürgenstock conference.  This event has a long and distinguished history – starting in 1980 and originating in Switzerland before moving this year to Frankfurt.  This is my first time in Frankfurt – a city that has been reborn and rejuvenated through focused effort and attention to detail.  As I enjoyed some of the city today, I was struck by old and new coming together, by how the modern can take on historic character.