News Centre

UK's Financial Conduct Authority: Total Number Of Complaints Continues To Fall

Date 06/10/2016

Financial services firms recorded a 2.6% reduction in new complaints between January and June 2016 compared to the previous six months, according to new complaints data published today by the Financial Conduct Authority. The total number of complaints was 2.05 million.

SIX Opens F10 And Starts New Fintech Startup Accelerator Program

Date 06/10/2016

SIX, the operator of the Swiss financial market infrastructure, is opening its fintech startup accelerator F10 to more firms in the Swiss financial center under the umbrella of its newly formed F10 Incubator and Accelerator

EY Reports Record Global Revenues In 2016 – Up By 9%

Date 06/10/2016

• EY records sixth consecutive year of record growth
• Solid growth across all businesses and geographical areas, including developed and emerging markets
• Large scale transformations and capital transactions fuel growth in Advisory and Transactions businesses
• Significant investment in digital transformation, analytics, artificial intelligence, robotics and global centers of excellence
• 26 acquisitions and 7 new global alliances expand resources and capabilities
• Voted Universum’s most attractive professional services employer globally and 3rd overall; on Great Places to Work’s World’s Best Multinational Workplaces list

ASX Monthly Activity Report - September 2016

Date 06/10/2016

The value of ASX-listed stocks, as measured by the All Ordinaries Index, fell 0.1% in September 2016. This performance was in contrast to some major markets, including the UK up 1.7%, Singapore up 1.7% and Hong Kong up 1.4%. Declines were also observed in Japan down 2.6%, Germany down 0.8% and the US down 0.1%.

Summary Of September 2016 Activities At TOCOM

Date 06/10/2016

The Tokyo Commodity Exchange announced today that average daily volume for September 2016 was 85,496 contracts, down 3.7% month-over-month. Volume for TOCOM’s largest contracts was mixed; Dubai Crude Oil was up 5.5% to 19,849 contracts and Rubber was up 6.4% to 6,567 contracts while Gold Standard decreased 13.7% to 24,608 contracts. 

Federal Reserve Vice Chairman Stanley Fischer, At The 40th Annual Central Banking Seminar, Sponsored By The Federal Reserve Bank Of New York, New York, New York, October 5, 2016, Low Interest Rates

Date 06/10/2016

I would like to thank the Federal Reserve Bank of New York for establishing this seminar 40 years ago and for maintaining it since then. This event has always been a useful forum for sharing knowledge and experiences among the world's central banks, something that has become especially valuable in the years since the Great Recession. This seminar has also fostered a stronger sense of community among central banks, whose interactions undergird the global financial system.

Update From Annual NZX Listed Issuer Forum 2016

Date 05/10/2016

NZX held its annual Listed Issuer Forum in Auckland yesterday, which attracted more than 110 attendees from 82 listed companies.

Office Of The Comptroller Of The Currency Allows National Banks And Federal Savings Associations Affected By Hurricane Matthew To Close

Date 05/10/2016

The Office of the Comptroller of the Currency today issued a proclamation allowing national banks and federal savings associations affected by Hurricane Matthew to close at their discretion.

Office Of The Comptroller Of The Currency Bulletin: Risk Management Guidance On Foreign Correspondent Banking: Risk Management Guidance On Periodic Risk Reevaluation Of Foreign Correspondent Banking

Date 05/10/2016

Summary

The Office of the Comptroller of the Currency (OCC) is issuing guidance to national banks, federal savings associations, and federal branches and agencies (collectively, banks) regarding periodic evaluation of the risks related to correspondent accounts for foreign financial institutions (foreign correspondent accounts). This guidance describes corporate governance best practices for banks’ consideration when conducting these periodic evaluations of risk and making account retention or termination decisions relating to their foreign correspondent accounts. This guidance also reiterates the OCC’s supervisory expectation that, in connection with implementing the requirement that banks have established policies and procedures for conducting risk assessments for foreign correspondent accounts, banks should periodically evaluate and reassess this risk (risk reevaluation) as part of their ongoing risk management and due diligence practices.

CFTC Commissioner J. Christopher Giancarlo Releases Latest Podcast: 21st Century Markets Need 21st Century Regulation, October 5, 2016

Date 05/10/2016

Today, Commissioner J. Christopher Giancarlo released a Podcast entitled “21st Century Markets Need 21st Century Regulation.” The podcast released today follows the recent address the Commissioner gave to the American Enterprise Institute.