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UK Prudential Regulation Authority - Corporate Governance: Board Responsibilities - CP18/15

Date 21/05/2015

​Background

This consultation paper seeks views on a draft supervisory statement which draws on the Prudential Regulation Authority’s (PRA) regulatory experience to identify some key issues for boards to consider, and to which the PRA pays close attention in the conduct of its supervision. It is not intended to be a comprehensive guide to good corporate governance.

Daiwa Goes Live With Torstone Technology's Inferno In Hong Kong - Inferno Delivers Improved STP, Increased Business Capacity And Cost Savings

Date 21/05/2015

Torstone Technology, a leading provider of securities and derivatives processing software to the global financial markets, and Daiwa Capital Markets Hong Kong (Daiwa HK), the investment banking arm of Daiwa Securities Group, today announced that Daiwa’s multi-asset Hong Kong Agency business has successfully transferred onto Torstone’s post-trade processing platform, Inferno. This represents the latest phase of a long-term collaboration to implement best of breed back-office technology across multiple asset classes at Daiwa HK.

ESMA Publishes Response To Capital Markets Union Green Paper

Date 21/05/2015

The European Securities and Markets Authority (ESMA) has published its response to the European Commission’s Green Paper on Building a Capital Markets Union.

UK’s Financial Conduct Authority Warns Clients Of Three Debt Management Firms To Review Their Debts

Date 21/05/2015

The Financial Conduct Authority (FCA) is warning customers of three debt management firms to check their debt situation with their creditors and find out exactly what they owe. The debt management firms are Sterling Financial Security Limited (Sterling), Haydon Associates Debt Management Consultants Limited (Haydon) and Clear View Finance Limited (Clear View). All three firms are based in Lichfield.  

ESMA Clarifies The Implications Of The Entering Into Force Of The SSM On The Composition Of The CCP Colleges

Date 21/05/2015

The European Securities and Markets Authority (ESMA) has today published an opinion on the composition of the CCP Colleges to clarify which authorities qualify as a college member under Article 18(2)(c) of EMIR following the establishment of the SSM and to resulting voting rights.

Xetra/Börse Frankfurt: New PowerShares Equity Index ETF Launched On Xetra - First ETF For High Dividend, Low Volatility U.S. Companies

Date 21/05/2015

A new equity index fund from the ETF offering issued by PowerShares Global Funds has been tradable on Xetra since Thursday. 

The Chamber Of Commerce And Industry Of Romania And Bucharest Stock Exchange Sustain The Community Of Entrepreneurs In Romania

Date 21/05/2015

Chamber of Commerce and Industry of Romania (CCIR) and the Bucharest Stock Exchange (BVB) signed Thursday, May 21, 2015, a cooperation protocol, under which the two entities will work together to support the community of entrepreneurs in Romania, to promote as wider the solutions offered by the capital market to finance growth and development of companies and the business community.

Notice Of Releasing “Shanghai Stock Exchange Pre-examination Procedure For Listing Of Corporate Bonds”

Date 21/05/2015

The Shanghai Stock Exchange (SSE), for the purpose of serving investors and in the principle of openness, fairness and impartiality and for the convenience of investors, hereby releases the pre-examination procedure for listing of corporate bonds to be publicly issued to qualified investors, in a bid to standardize the pre-examination and enhance transparency. The procedure shall come into effect from the date of release.

Signing Of The Third Bilateral Swap Agreement Between Japan And Singapore

Date 21/05/2015

The Bank of Japan, acting as the agent for the Minister of Finance of Japan, and the Monetary Authority of Singapore signed the third Bilateral Swap Arrangement (BSA) on 21 May 2015. The arrangement will enable the authorities in Japan and Singapore to swap their local currencies (i.e., Japanese yen and Singapore dollars respectively) against US dollars. The size of the facility is the same as the previous BSA where Singapore can swap Singapore dollars against US dollars up to USD 3 billion while Japan can swap Japanese yen against US dollars up to USD 1 billion.

Xetra/Börse Frankfurt: Two WisdomTree Equity Index ETFs Launched On Xetra - ETFs Based On Japanese And European Companies With Strong Dividends - Plus A Currency Hedge

Date 21/05/2015

Two new exchange-listed index funds issued by WisdomTree have been tradable on Xetra since Thursday. WisdomTree is primarily a Smart Beta ETF provider, using fundamental data to weight companies in the reference index. The new WisdomTree ETFs weight the stock corporations contained in the reference index on the basis of the annual dividends they pay. Companies with higher dividend yields have a heavier weighting.