News Centre

Treasury Committee Approves New Appointments At Bank Of England's Financial Policy Committee

Date 19/06/2019

The Treasury Committee has today published the following reports:

• Appointment of Dame Colette Bowe as External Member of the Bank of England’s Financial Policy Committee
• Reappointment of Professor Anil Kashyap as External Member of the Bank of England’s Financial Policy Committee
• Treasury Committee

UK Financial Conduct Authority: Update On Citizens Advice Supercomplaint To The CMA

Date 19/06/2019

Christopher Woolard, Executive Director of Strategy and Competition at the FCA, commented:

“Before the CMA published its supercomplaint response last year, we had already begun work in the mortgages, cash savings and general insurance markets. Ensuring that markets work well for longstanding and vulnerable consumers continues to be a priority for us and the loyalty penalty is a serious issue. We will continue to work closely with the CMA and other regulators on the recommendations relevant to us.”

SGX Orb Awards Invites Insights On Singapore’s Evolution As An International Financial Hub

Date 19/06/2019

• Special #SGX20 award category invites media and content producers to share their ideas of what financial marketplace of future may look like and what it means for Singapore
• Second edition of awards part of SGX’s efforts to encourage financial education, empower investors

Hong Kong's Securities And Futures Commission Publishes Annual Report 2018-19

Date 19/06/2019

The Securities and Futures Commission (SFC) today published its Annual Report 2018-19 which summarises and provides key statistics on its work during the year and sets out its priorities to address emerging challenges, including structural changes in the financial services industry and risks posed by greater cross-border capital flows.

Corporate Reporting And Investor Expectations Conference Has Been Held - Corporate Reporting And Investor Expectations Conference, Organized With The Collaboration Of Borsa İstanbul And Integrated Reporting Türkiye Network (ERTA), Started With The Bell Ceremony At Borsa İstanbul

Date 19/06/2019

Yesterday companies listen to investor expectations and develop their corporate reporting processes in this direction. In this environment, an “integrated reporting” approach has emerged that tells the investor not only about past data and performance, but also the firm’s expectations and strategies for the future. Integrated reporting, which adopts a stakeholder and multi-capital approach, emphasizes short and concise content, includes strategic focus and future orientation of the company, is a corporate reporting approach that includes all factors that materially affect a company's ability to create value over time.

ASX’s Australian Liquidity Centre To Support High-Density Computing

Date 19/06/2019

The Australian Securities Exchange (ASX) has opened the first of its newly constructed high-density pods at its co-location data centre, the Australian Liquidity Centre (ALC).

SEC Adopts Amendments To Improve The Application Of The Auditor Independence Rules To Loan Provision

Date 18/06/2019

The Securities and Exchange Commission adopted amendments to the auditor independence rules relating to the analysis that must be conducted to determine whether an auditor is independent when the auditor has a lending relationship with certain shareholders of an audit client. 

CFTC: U.S. District Court For The Northern District Of California Imposes Permanent Trading Ban Against Defendant In CFTC False Statements And Solicitation Fraud Action - U.S. Court Of Appeals For The Ninth Circuit Previously Affirmed Summary Judgment Against Defendant

Date 18/06/2019

The Commodity Futures Trading Commission (CFTC) today announced that the U.S. District Court for the Northern District of California (District Court) entered a Supplemental Order (Order) against defendant James D. Crombie(Crombie) permanently banning him from trading on CFTC-regulated markets for his own personal account and from having such trades made on his behalf.

Office Of The Comptroller Of The Currency Reports First Quarter 2019 Bank Trading Revenue

Date 18/06/2019

The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $10 billion in the first quarter 2019, which was $5.9 billion, or 141 percent, more than the previous quarter.

SEC: Wedbush To Pay More Than $8.1 Million For Improper Handling Of ADRs

Date 18/06/2019

The Securities and Exchange Commission today announced that Wedbush Securities Inc. will pay more than $8.1 million to settle charges for improper handling of "pre-released" American Depositary Receipts (ADRs). This is the SEC's 11th action against a bank or broker resulting from the SEC's ongoing investigation into abusive ADR pre-release practices, which, thus far, has resulted in monetary settlements exceeding $422 million.