News Centre

FSB Launches Evaluation Of Too-Big-To-Fail Reforms And Invites Feedback From Stakeholders

Date 23/05/2019

The Financial Stability Board (FSB) is seeking feedback from stakeholders as part of its evaluation of the effects of the too-big-to-fail (TBTF) reforms for banks that were agreed by the G20 in the aftermath of the global financial crisis. The evaluation, which is being carried out by a working group chaired by Claudia Buch (Vice-President of the Deutsche Bundesbank), will assess whether the implemented reforms are reducing the systemic and moral hazard risks associated with systemically important banks (SIBs). It will also examine the broader effects of the reforms to address TBTF for SIBs on the overall functioning of the financial system. More details on the evaluation can be found in the summary terms of reference.

UK Treasury: Investigation Into London Capital & Finance Launched - An Investigation Into The Circumstances Surrounding The Collapse Of The Investment Firm And The Financial Conduct Authority’s Supervision Of The Firm

Date 23/05/2019

• Dame Elizabeth Gloster will lead the investigation into LCF and how the FCA exercised its powers in relation to it
• The findings will be reported to HM Treasury
• HM Treasury will also review the regulation and marketing of the kinds of retail investment products issued by LCF

HKEX: Stock Exchange Participants' Market Share Report

Date 23/05/2019

Stock Exchange Participants' Market Share Report

UK Financial Conduct Authority: Update On The Independent Investigation Into London Capital & Finance

Date 23/05/2019

HM Treasury (HMT) have today announced details of the independent investigation into London Capital & Finance (LC&F) to be commissioned by the Financial Conduct Authority (FCA). HMT has agreed to the appointment of Dame Elizabeth Gloster by the FCA to conduct the investigation.

HKEX Welcomes First Non-Government Retail Bond

Date 23/05/2019

Hong Kong Exchanges and Clearing Limited (HKEX) today is pleased to welcome the issuance of Hong Kong’s first listed bond by a non-government issuer offered through HKEX’s Central Clearing and Settlement System (CCASS), made available to both retail and institutional investors.  This is the latest step in HKEX’s continuing development of its fixed-income markets.

ESMA Appoints Chair For Its New Coordination Network On Sustainability

Date 23/05/2019

The Board of Supervisors of the European Securities and Markets Authority (ESMA) has today established a Coordination Network on Sustainability (CNS), and appointed Ana María Martínez-Pina Garcia, Vice-Chair of the Comisión Nacional del Mercado de Valores (CNMV, Spain) to chair the CNS for two years with immediate effect.

PEGAS: First LNG Products Successfully Launched

Date 23/05/2019

PEGAS, the pan-European gas trading platform of EEX Group, operated by Powernext, has successfully introduced its OTC registration service for LNG Futures. The PEGAS JKM® LNG Futures contract is cleared by ECC, the clearing house of EEX Group, and settled against the S&P Platts JKM® assessment, today’s most reliable price estimation for the Asian region.

Shanghai Stock Exchange Promptly Takes Disciplinary Action Against Sponsoring Representatives Of Application Project For Sci-Tech Innovation Board

Date 23/05/2019

Recently, the Shanghai Stock Exchange (SSE) decided to circulate a notice on criticizing sponsoring representatives Wan Jiuqing and Mo Peng. The two sponsoring representatives were appointed by China International Capital Corporation Limited (CICC) to be specifically responsible for the project of Traffic Control Technology Co., Ltd. (TCT) applying for IPO on the sci-tech innovation board.

Asahi Chooses smartTrade For Their Precious Metals Trading Platform

Date 23/05/2019

Asahi Pretec, a precious metals recycling company, has selected smartTrade Technologies, a global leader in multi-asset, end-to-end trading solutions, as technology provider to deliver their next generation precious metals trading platform, with NTTData, a major Japanese system integrator, as a partner.

Hong Kong's Securities And Futures Commission: Futures Trader Tsoi Wan Convicted Of Market Manipulation

Date 23/05/2019

The Eastern Magistrates’ Court today convicted Mr Tsoi Wan of three charges of manipulating the calculated opening price (COP) of the Hang Seng Index (HSI) futures contracts in the futures market following a prosecution by the Securities and Futures Commission (SFC).