News Centre

UK Financial Conduct Authority Publishes Terms Of Reference For Asset Management Market Study

Date 18/11/2015

The Financial Conduct Authority (FCA) has set out the areas it will focus on in its market study into competition in the asset management industry. Over the next year the FCA will assess:

• how asset managers compete to deliver value;
• whether asset managers are motivated and able to control costs along the value chain; and,
• what effect investment consultants have on competition for institutional asset management.

Leading Online Securities Company In Japan Adopts Broadridge's Post-Trade Technology To Support Expanding International Business

Date 18/11/2015

SBI Securities Co., Ltd., one of Japan's largest online securities companies, has selected Broadridge Financial Solutions' (NYSE: BR) post-trade technology solution.  Broadridge will support all core transaction processing of fixed income securities for SBI Securities as it expands its newest branch in Hong Kong to facilitate the issuance of structured notes to its clients.  

NZX Global Dairy Seminar 2015, Singapore

Date 18/11/2015

NZX held its annual Global Dairy Seminar in Singapore on Tuesday, attended by a record number of delegates from China, South East Asia, Europe, America and New Zealand including commodity traders, market participants, investment bankers and senior executives.

Remarks At The 34th Annual Current Financial Reporting Issues Conference, SEC Commissioner Michael S. Piwowar, New York, New York, Nov. 16, 2015

Date 17/11/2015

Thank you, Linda [Zukauckas], for that wonderful introduction.  I appreciate the opportunity to discuss a few thoughts on the current and future state of financial reporting with you this afternoon.  As the conference brochure notes, this event was created by preparers forpreparers.  As controllers and chief accounting officers for public companies, each of you plays a key role in ensuring that accurate and material financial disclosures are disseminated to the public and the markets.

CFTC To Hold An Open Commission Meeting On November 24th To Consider A Proposal On Automated Trading

Date 17/11/2015

U.S. Commodity Futures Trading Commission (CFTC) Chairman Tim Massad announced today that the Commission will hold an open meeting on Tuesday, November 24, 2015 at 9 a.m. to consider the following:

• Notice of Proposed Rulemaking for Regulation of Automated Trading

Executive Compensation: Looking Beyond The Dodd-Frank Horizon, Keith F. Higgins, Director, SEC Division Of Corporation Finance, National Institute On Executive Compensation, American Bar Association, Washington, DC, Nov. 17, 2015

Date 17/11/2015

Thank you for your kind introduction and for inviting me to speak to you today. I’m particularly pleased to once again be a participant in the National Institute. It is a program with which I go way back — back to the days when it was held at the Plaza Hotel in New York, chaired year after year by my good friend Pam Baker and the late Stuart Lewis. The program remains in exceptionally good hands with co-chairs Andrew Liazos and Martha Steinman, and I know that you have been treated over the past two days to everything that you need to know about executive compensation. I’d like to change course and move away from that which you need to know, turn away from the past and the present and look a bit into the future. This group is a particularly good one with which to share these forward-looking musings. You are discerning consumers of our rules relating to the disclosure of executive compensation and the distribution of employer securities and I hope my remarks today will cause you to think about how we can make our rules better — both for companies and for investors.

Rob Lane Joins SR Labs’ Global Management Team As Head Of European Sales And Business Development

Date 17/11/2015

SR Labs, a global leader in enterprise grade market data and trading technologies, has announced the hiring of Rob Lane as Head of European Sales, Business Development and London General Manager.

ACI’s 32nd FCPA Conference Keynote Address, Andrew Ceresney, SEC Director, Division Of Enforcement, Washington, DC, Nov. 17, 2015

Date 17/11/2015

Thank you for that very kind introduction.  At the outset, let me give our standard disclaimer that the views I express today are my own and do not necessarily reflect the views of the Commission or its staff.

I am pleased to be here again this year, my third time, to discuss the SEC’s FCPA program.  Pursuing violations of the FCPA remains a critical part of the SEC’s enforcement efforts.  The SEC has taken a lead role in combatting corruption worldwide, enforcing the FCPA vigorously against issuers and individuals within its jurisdiction and working with foreign partners to enhance their anticorruption efforts.

Treasury International Capital Data For September

Date 17/11/2015

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for September 2015.  The next release, which will report on data for October 2015, is scheduled for December 15, 2015.

Federal Reserve Governor Daniel K. Tarullo, At The Brookings Institution, Washington, D.C., November 17, 2015, Thinking Critically About Nonbank Financial Intermediation

Date 17/11/2015

The financial crisis highlighted two major vulnerabilities in the U.S. financial system. First was the magnitude of the too-big-to-fail problem. Second was the size and fragility of the so-called shadow banking system and the extent to which shadow banking activities not subject to prudential regulation were integrated with the regulated banking sector. In the intervening years, much has been done to address too-big-to-fail. With regard to shadow banking concerns, the specific forms related to mortgage lending that linked the regulated and unregulated sectors, such as the notorious structured investment vehicles (SIVs), collapsed during the crisis. Changes in capital, accounting, and other regulatory standards make these arrangements very unlikely to reappear. Moreover, the kind of very large nonbank financial firms whose failures deepened the crisis are now subject to consolidated prudential regulation and supervision. So, in a quite direct sense, the answer to the question posed by this conference of whether we are safer than before the crisis is easy to answer in the affirmative.