News Centre

ICIS Market Insight: Is The EU Emissions Trading System Failing?

Date 09/05/2019

The price of EUAs, the tradeable unit under the EU Emissions Trading Scheme (ETS), jumped from €7.00/tCO2e in 2018 to an 11-year high of €27.46/tCO2e at the beginning of April this year. During the last year, emissions under the carbon trading scheme in Europe fell by 3.5%.

Dubai Financial Services Authority To Participate In Cross Border Testing As Part Of The Global Financial Innovation Network

Date 09/05/2019

The Dubai Financial Services Authority (DFSA) will participate in the first cross-border tests orchestrated by the Global Financial Innovation Network (GFIN). Comprised of a group of 33 international financial regulators and related organisations, including the DFSA, GFIN seeks to provide efficient ways for FinTech firms to engage with regulators across multiple jurisdictions.

Moscow Exchange: Risk Parameters Change On FX And Precious Metals Market

Date 09/05/2019

CCP NCC sets the following risk parameters on FX and precious metals market for Japanese yen starting from May 14, 2019:

1. Market risk rates and concentration limits

1. Scenarios for stress collateral calculation

Financial Conduct Regulation In A Restless World - Speech By Christopher Woolard, Executive Director Of Strategy And Competition At The FCA, Delivered At The Deloitte Conduct Risk Roadshow 2019, London

Date 09/05/2019

Highlights:

• To continue to meet our objectives in a constantly changing environment we need to be ready to respond and adapt.
• The FCA’s business plan focuses on both our longstanding regulatory concerns as well as considering what the future of regulation will look like.
• Technology and innovation are changing not only the markets we regulate but also the way in which we regulate.

Monetary Authority Of Singapore Issues Prohibition Orders Against Three Individuals For Dishonest Conduct

Date 09/05/2019

The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against three individuals for dishonest conduct. 

The Derivatives Service Bureau Opens Its 2019 Consultation - To Encourage Industry Feedback And Participation In Setting The DSB’s Roadmap

Date 09/05/2019

The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), for OTC derivatives, has today announced it has opened its 2019 consultation.

Circular Of Shanghai International Energy Exchange On Trading Adjustments Of Crude Oil Futures Contracts For The International Workers’ Day 2019

Date 09/05/2019

Shanghai International Energy Exchange (hereinafter referred to as “INE”), the subsidiary of Shanghai Futures Exchange has released its Circular on Trading Adjustments of Crude Oil Futures Contracts for The International Workers’ Day 2019 on April 25, 2019 as follows:

1. The market will be closed from 3:00 p.m. of April 30, 2019 to May 5, 2019. The market will resume trading on May 6, 2019 with the central auction session from 8:55 a.m. to 9:00 a.m. and the continuous trading on the night of that day.
2. If the Limit-locked market does not occur on April 29, 2019, INE will adjust the trading margin rate to 10% of the contract value and the price limit to ±8% from the settlement price of that day since the daily clearing process begins. In the case that the above adjusted trading margin rate and price limit vary from the current ones, the higher ones will prevail. 
3. The market will resume trading on May 6, 2019. As from the first trading day without the Limit-locked market, the trading margin rate and the price limit will return to 9% and ±7% respectively since the daily clearing process begins.

NZX Capital Markets 2029 Consultation Period Begins

Date 09/05/2019

Please refer to the announcement attached containing information on the consultation paper from the Capital Markets 2029 Steering Committee.

Australian Regulators Urge Financial Institutions To Plan For LIBOR Transition

Date 09/05/2019

The Australian Securities and Investments Commission (ASIC) has written to the CEOs of several major Australian financial institutions regarding their preparations for the end of LIBOR. This initiative is strongly supported by the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of Australia (RBA).

Singapore Iron Ore Forum 2019 – Welcome Address

Date 09/05/2019

Introduction

1. Good morning, distinguished guests and welcome to the Singapore Iron Ore Forum.
2. We are privileged to have with us today: