News Centre

ASIC Accepts Court Enforceable Undertakings From CBA And ANZ Over Superannuation Product Distribution

Date 06/07/2018

ASIC has accepted court enforceable undertakings from the Commonwealth Bank of Australia and Australia and New Zealand Banking Group under which the banks have agreed to change the way they distribute superannuation products to their customers.

Cboe Global Markets Reports June 2018 Trading Volume

Date 05/07/2018

• Year-to-date ADV across options, futures, U.S. and European equities and global FX up over
• 2017 June ADV in global FX up 35% over June 2017 ADV
• June ADV in futures up 11% over May 2018 AD

CFTC Swaps Report Update

Date 05/07/2018

CFTC's Weekly Swaps Report has been updated, and is now available.

FINRA Launches Enhanced Public Records Review - New FINRA360 Initiative Improves Data Quality For Regulators And Investors, And Lowers Firm Compliance Risks And Costs

Date 05/07/2018

FINRA is launching an enhanced disclosure review process for public financial records of individuals seeking registration with a brokerage firm. Beginning on July 9, FINRA will perform a public records review within 15 calendar days after a firm applies to register an individual with FINRA. The review will enhance the quality of information about individual brokers available to investors and reduce costs for the industry, particularly small firms. It is the latest in a series of actions under FINRA360, FINRA’s comprehensive organizational improvement initiative.

Ontario Securities Commission Publishes 2018-2019 Statement Of Priorities

Date 05/07/2018

The Ontario Securities Commission (OSC) today published its 2018-2019 Statement of Priorities, which sets out the 15 priority areas where the OSC intends to focus resources and actions over the coming fiscal year, as well as the expected outcomes.   

TMX Group Consolidated Trading Statistics – June 2018

Date 05/07/2018

TMX Group Limited today announced June 2018 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha) and Montréal Exchange (MX).

Minutes Of The Federal Open Market Committee, June 12-13, 2018

Date 05/07/2018

The Federal Reserve Board and the Federal Open Market Committee on Thursday released the attached minutes of the Committee meeting held on June 12-13, 2018. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes.

US Department Of Justice: Credit Suisse’s Investment Bank In Hong Kong Agrees To Pay $47 Million Criminal Penalty For Corrupt Hiring Scheme That Violated The FCPA

Date 05/07/2018

Credit Suisse (Hong Kong) Limited (CSHK), a Hong Kong-based subsidiary of Credit Suisse Group AG (CSAG), a Swiss-based issuer of publicly traded securities in the United States, reached a resolution with the Department of Justice and agreed to pay a $47 million criminal penalty for its role in a scheme to corruptly win banking business by awarding employment to friends and family of Chinese officials.

Federal Reserve Board Invites Public Comment On Proposal To Adopt ISO 20022 Message Format For Fedwire Funds Service

Date 05/07/2018

The Federal Reserve Board on Thursday invited public comment on a proposal to adopt the ISO®20022 message format for the Fedwire® Funds Service. If approved, the proposed action would replace the Fedwire Funds Service's current, proprietary message format. Potential benefits to the adoption of the ISO 20022 message format include enhanced efficiency of both domestic and cross-border payments between the Fedwire Funds Service and other payment or messaging systems as well as a richer set of payment data that could help banks and other entities meet evolving requirements to screen payments for sanctions and anti-money laundering purposes. The proposed migration to the ISO 20022 message format would take place in three phases beginning in 2020 and ending in 2023.

Leading Regulatory Expert David Nowell Joins Rapidly-Growing Kaizen team

Date 05/07/2018

Award-winning Kaizen Reporting today announced that David Nowell, the former head of regulatory compliance at London Stock Exchange’s UnaVista, will be joining its growing list of new hires at a time of remarkable expansion. Nowell will be Senior Regulatory Reporting Specialist, bringing with him extensive experience including over ten years at the Financial Services Authority (FSA). The new hire comes at an exciting time for Kaizen, with several new hires from tier 1 banks and the recent recruitment of Jonathan Lee, former SFTR taskforce leader at ICMA, and the addition of Elixirr (announced in March) to existing partnerships, with companies including UnaVista.