News Centre

Hong Kong's Securities And Futures Commission: HSBC Private Bank (Suisse) SA Fined HK$400 Million For Systemic Failures In Selling Structured Products

Date 21/11/2017

HSBC Private Bank (Suisse) SA, the Hong Kong branch of the Switzerland-based private banking business of HSBC Group, has been fined a record sum of HK$400 million after the Securities and Futures Appeals Tribunal (SFAT) upheld the SFC’s disciplinary action against the bank for material systemic failures in relation to the sale of derivative products – namely, Lehman Brothers-related Notes (LB-Notes) and Leveraged Forward Accumulators (FAs) – in the run-up to the global financial crisis in 2008.

HKEX Announces Update On Capital Adjustment To Wharf Options and Futures

Date 21/11/2017

Following up on its 7 November 2017 news release “Arrangements of Wharf Holdings Structured Products, Futures And Options Need to be Adjusted”, Hong Kong Exchanges and Clearing Limited (HKEX) announced today (Tuesday) that with a view towards protecting market integrity and maintaining an orderly market, and after consultation with the Securities and Futures Commission (SFC) pursuant to the applicable Trading Rules, it will apply a minimum value of 0.25 to the Adjustment Ratio (AR) of the Capital Adjustment to The Wharf (Holdings) Ltd (Wharf) Options and Futures.

ESMA Updates Q&A On MAR

Date 21/11/2017

The European Securities and Markets Authority (ESMA) has updated its Questions & Answers (Q&A) document regarding the implementation of the Market Abuse Regulation (MAR).

Monetary Authority Of Singapore Launches Second Consultation On New Regulatory Framework For Payments

Date 21/11/2017

The Monetary Authority of Singapore (MAS) today launched a second consultation on its proposed payments regulatory framework, known as the Payment Services Bill (the “Bill”). The Bill will streamline the regulation of payment services under a single legislation, expand the scope of regulated payment activities to include virtual currency services and other innovations, and calibrate regulation according to the risks posed by these activities. 

Thai Listed Firms' 9-Month Earnings Up 3.74 Pct To THB 708 Billion

Date 21/11/2017

• Net profits worth THB 708 billion, up 3.74 pct YoY in Jan-Sept]
• Sales rose 10 pct to THB 7.98 trillion pushed up by higher oil prices 

FlexTrade Introduces Enhanced Cross-Oms Aggregation For MiFID II - Improves FlexTRADER EMS Ability To Aggregate Orders Across Multiple OMSs

Date 21/11/2017

FlexTrade (@FlexTrade), a global leader in multi-asset execution and order management systems, today announced the rollout of  an enhanced version of its multi-OMS aggregation functionality, an in-built feature of the FlexTRADER EMS, which allows users to merge and net orders across multiple OMSs regardless of the underlying version or implementation.

ABG Sundal Collier ASA Has Been Approved As A Member Of NGM

Date 21/11/2017

The Nordic Growth Market stock exchange is pleased to announce that ABG Sundal Collier has been approved as a member of NGM. ABG is expected to participate in trading commencing November 27, 2017.

Simplitium Delivers New MiFID II Transparency Service For Trading Venues - The New Service, Which Is Called Facilitex™, Helps MTFs AND OTFs Meet Their MiFID Ii Transparency Obligations In A Reliable And Cost-Effective Way

Date 21/11/2017

Simplitium™, financial services transparency specialist, today announced the delivery of a new service that will help Trading Venues meet their transparency obligations under MiFID II. The solution was launched in November 2017 to enable Trading Venues to meet their regulatory needs in advance of MiFID II.   

Nasdaq Receives First Approved Reporting Mechanism (ARM) License In Sweden

Date 21/11/2017

Today Nasdaq Broker Services announced it has become the first firm to receive an ARM licence from Finansinspektionen, the Swedish Financial Supervisory Authority (FSA). The license is a requirement in order to submit transaction reports as a third party provider under MiFID II. Nasdaq will start acting as an Approved Reporting Mechanism for its clients on January 3, 2018, when the new regulations come into effect.

FSB Statement On Identification Of Global Systemically Important Insurers

Date 21/11/2017

The Financial Stability Board (FSB), in consultation with the International Association of Insurance Supervisors (IAIS) and national authorities, has decided not to publish a new list of global systemically important insurers (G-SIIs) for 2017.