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Remarks By U.S. Treasury Secretary Jacob J. Lew At Joint Press Conference With Greek Finance Minister Euclid Tsakalotos

Date 21/07/2016

I would like to thank both Prime Minister Tsipras and Minister Tsakalotos for hosting me in Athens today.

Over the last year, Greece has made significant progress in meeting important reform commitments, which has helped stabilize the economy and reduce uncertainty.  I was encouraged to see Greece and the creditor institutions reach a successful conclusion to the first program review in May.  It was also encouraging to see recent growth forecasts come in above expectations, a sign that a better futures lies ahead for Greece.

Deutsche Börse- London Stock Exchange Group: HLDCO123 PLC - Announcement Pursuant To Section 23 Para. 1 Sent. 1 No. 1 Of The German Securities Acquisitions And Takeover Act (Wertpapiererwerbs- Und Übernahmegesetz – “Wpüg”)

Date 21/07/2016

On 1 June 2016, HLDCO123 PLC, London, United Kingdom, (the “Bidder“) has published the offer document for its voluntary public takeover offer in the form of an exchange offer (“Takeover Offer“) to the shareholders of Deutsche Börse Aktiengesellschaft, Frankfurt am Main (“Deutsche Börse“), to acquire all no-par value bearer shares in Deutsche Börse (ISIN DE0005810055) (“Deutsche   Börse   Shares“)    for   a   consideration   of   one   (1)   share   of   the   Bidder (ISIN GB00BYMYCZ62) for one (1) Deutsche Börse Share, except for certain Japanese Deutsche Börse shareholders excluded from the Takeover Offer. As a result of the amendment of the Takeover Offer made on 11 July 2016, the acceptance period for the Takeover Offer has been extended by two weeks and, therefore, expires on 26 July 2016, 24:00 hours (CEST), unless it is extended again pursuant to the applicable rules under the WpÜG.

HKEX Announces New Head Of OTC Clearing

Date 21/07/2016

Hong Kong Exchanges and Clearing Limited (HKEX) has appointed Jacky Mak as Managing Director, Head of OTC Clearing, effective Monday, 25 July 2016.  Mr Mak will be in charge of business development and operations of OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of HKEX.  He will report to Calvin Tai, HKEX's Head of Clearing.

EDHEC Risk Institute Releases Major New Research On Misconceptions In Smart Beta Investing

Date 21/07/2016

EDHEC Risk Institute has released a major new research publication on misconceptions in smart beta investing. The research reviews ten common but mistaken claims about smart beta that present risks for investors and sheds light on underlying issues.

HKEX: OTC Clear Receives Regulatory Approval To Clear USD/CNH Cross Currency Swaps

Date 21/07/2016

OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), announces that the Securities and Futures Commission has granted approval of its clearing services for cross currency swaps.  OTC Clear expects to launch the service in August of this year. 

UK's Payment Systems Regulator: Access All Areas: Supply Of Indirect Access To Payment Systems Improving Says Regulator

Date 21/07/2016

Work to open up access to payment systems is generating increasingly positive results according to the Payment Systems Regulator (PSR), which today published the final conclusions of its market review into competition in the supply of indirect access to payment systems.

Securities Commission Malaysia: Change Of Terminology From “Private Debt Securities” To “Corporate Bonds”

Date 21/07/2016

Pursuant to this Technical Note the term “private debt securities” will now be changed to “corporate bonds”, in line with the general practice in the international market.

United Kingdom Parliament Treasury Committee Update: Brexit May Offer Opportunity To Improve Competition In Banking Sector

Date 21/07/2016

The Treasury Committee publishes a letter from a group of challenger banks which outlines – among other things – the opportunity afforded by the EU referendum result to improve competition in the banking sector.

Investigations Into 1MDB-Related Fund Flows Through Singapore - Joint Statement By Singapore's Attorney-General’s Chambers, Singapore (AGC) Commercial Affairs Department, Singapore Police Force (CAD), Monetary Authority Of Singapore (MAS)

Date 21/07/2016

The AGC, CAD, and MAS announced today in a joint statement that the Singapore authorities have been investigating various 1MDB-related fund flows through Singapore, for possible money laundering, securities fraud, cheating, and other offences committed in Singapore. 

ICAP Plc Announces That Gil Mandelzis Has Decided To Step Down As CEO Of EBS BrokerTec

Date 21/07/2016

ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces that Gil Mandelzis, CEO of EBS BrokerTec, has decided to step down from his position and will be leaving the company in due course.