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Response To Which? Super-Complaint: UK’s Payment Systems Regulator Kick-Starts Industry-Wide Effort To Tackle Payment Scams - PSR Kick-Starts Industry-Wide Effort To Tackle Payment Scams

Date 16/12/2016

The Payment Systems Regulator (PSR), the economic regulator for the £75 trillion UK payment systems industry, has announced the start of a concerted and coordinated industry-wide effort to tackle payment scams.

Remarks By President Donald Tusk After The European Council Meeting On 15 December 2016

Date 16/12/2016

Moving on to Brexit, the EU27 had a short informal meeting where we finalized procedural arrangements and reconfirmed our principles, meaning the indivisibility of the four freedoms, the balance of rights and obligations and the rule "no negotiations without notification". We adopted the organisational structure with the European Council maintaining political control over the process, and the Commission as the Union's negotiator. And Michel Barnier as the Commission's Chief Negotiator.

Hong Kong’s Securities And Futures Commission Bans Poon Kin Lung For Two Years

Date 16/12/2016

The Securities and Futures Commission (SFC) has prohibited Mr Poon Kin Lung, a former account executive of Phillip Securities (Hong Kong) Limited (Phillip), from re-entering the industry for two years from 15 December 2016 to 14 December 2018 over breaches of the SFC’s Code of Conduct.

FIA Japan Newsletter December 2016 Edition Released

Date 16/12/2016

Futures Industry Association of Japan has released FIAJ Newsletter December 2016 edition. Click the following URL to access the newsletter.

https://www.fiajapan.org/site_newsletters/en/201612/FIAJ_Newsletter_EN_2016_12.pdf 

Hong Kong’s Securities And Futures Commission Revokes Licences Of Goodcape Securities Limited And Its Responsible Officers Tang Lin Sun And Chang Siu Ming

Date 16/12/2016

The Securities and Futures Commission (SFC) has revoked the licences of Goodcape Securities Limited (Goodcape) and its two responsible officers, Mr Tang Lin Sun and Mr Chang Siu Ming.

SIFMA Statement On Fed’s Final TLAC Rule

Date 16/12/2016

Today, SIFMA issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the Federal Reserve’s final total loss absorbing capacity (TLAC) rule.  

CFTC Staff Issues No-Action Relief From The Inter-Affiliate Exemption From Required Clearing For Affiliated Counterparties Located In Australia Or Mexico

Date 16/12/2016

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk (DCR) today issued no-action relief to swap market participants to permit a provision of the inter-affiliate exemption from required clearing to be relied upon for swaps executed between certain U.S. swap market participants and their affiliated counterparties located in Australia or Mexico. This relief offers counterparties located in Australia and Mexico the same relief that has been available to counterparties located in the European Union, Japan, and Singapore.

Euro Clearing Likely To Move From London After Brexit

Date 15/12/2016

According to Reuters, the European Union is considering legislative measures to move London's euro-denominated clearing business to the euro zone after Britain leaves the EU.

The MiG Report - TSX, TSX Venture Exchange

Date 15/12/2016

Please click here for the November 2016 MiG Report.  

ASIC: Companies Need To Respond To Major New Accounting Standards

Date 15/12/2016

Three new accounting standards coming into force over the next two years are expected to have the greatest impact on financial reporting since the adoption of International Financial Reporting Standards (IFRS) in 2005.