News Centre

Third FSB Workshop On Compensation Practices

Date 08/06/2015

The FSB held in London on 14 April 2015 its third workshop on compensation practices to share experiences and lessons on the implementation of the FSB Principles and Standards for Sound Compensation Practices by banks. The workshop focused on governance of ex ante and ex post risk adjustment processes; aligning compensation and risk from the perspective of the risk management function; and compensation and conduct. The key takeaways from the workshop are that: effective governance of compensation starts with the right ‘tone at the top’, and with the risk management function playing a key role; continuing progress has been made by banks in aligning compensation with risk; boards are increasingly focusing on conduct issues. Official sector representatives from the FSB Compensation Monitoring Contact Group and senior executives from global systemically important banks participated in the workshop.

SGX Appoints Loh Boon Chye As New Chief Executive Officer

Date 08/06/2015

The Board of Directors of Singapore Exchange ("SGX") is pleased to announce the appointment of Mr Loh Boon Chye as its new Chief Executive Officer (CEO).  He will commence his appointment on 14th July 2015.

IOSCO Publishes Good Practices On Reducing Reliance On CRAs In Asset Management

Date 08/06/2015

The International Organization of Securities Commissions (IOSCO) today published its final report on Good practices on reducing reliance on CRAs in Asset Management, which provides a set of good practices for reducing over-reliance on external credit ratings in the asset management industry. 

Duco Signs Seven New Clients On Four Continents - Firms Selecting Duco Cube Include Tier 1 Global Bank, Inter-Dealer Broker, Clearing Firm, Proprietary Trading Firms And Physical Bullion Platform

Date 08/06/2015

Duco, a London-based financial technology (fintech) provider of hosted reconciliation services, today announced that the firm has signed seven new clients on four continents in the last 12 weeks. The latest firms to adopt the award-winning Duco Cube on-demand reconciliation system include a “Tier 1” global bank, a major inter-dealer broker, a Chicago-based futures clearing firm, two proprietary trading firms in Europe and the U.S., and a Singapore-based physical bullion platform.

FIA Europe Publishes Review Of European Regulatory Reform

Date 08/06/2015

FIA Europe has published a review of the cumulative effect of European derivatives law reform, setting out the core issues and offering potential solutions to encourage further debate.

Moscow Exchange Trading Schedule Over June Holidays

Date 08/06/2015

Moscow Exchange has set the following trading schedule for its markets over the June public holiday period:

• 11 June will be a regular trading day on all markets;
• 12 June will be a non-trading day.

Unleashing The Potential Of Africa’s Youth - Dr Susan Mboya-Kidero, President Of The Coca-Cola Africa Foundation

Date 08/06/2015

Empowering Africa’s youth is one of the most serious challenges facing the African continent today. Although many African countries are experiencing an economic boom, youth empowerment in Africa is at a crisis stage.  While we have made great strides in providing access to education, we have not matched this with providing equal access to employment.  African youth are attaining higher education levels than ever before, and with increasing access to internet and mobile connectivity, they are more exposed to Western ideals and aspirations than in previous generations. 

BlackRock ETP Landscape: Durable Non-U.S. Equity Demand

Date 08/06/2015

The BlackRock ETP Landscape series of reports Industry Highlights provides commentary on the global Exchange Traded Product (ETP) industry as of May 2015. 

European Commission - Conference: Next Steps To Build A Capital Markets Union - Jonathan Hill, EU Commissioner For Financial Services, Financial Stability And Capital Markets Union

Date 08/06/2015

Good morning ladies and gentlemen, and welcome to our conference on the Capital Markets Union. It is good to see so many of you here. It shows how much interest there is in the project, which President Juncker has established as one of the Commission's top priorities.

TheCityUK: UK Global Leader For Sovereign Wealth Fund Investment

Date 08/06/2015

TheCityUK’s Sovereign Wealth Funds 2015 report, released today, reveals that SWFs have increased their presence in the UK, making it the global leader for direct SWF investments as well as the leading Western centre for the management of SWFs. While the UK and US each accounted for around 16% of the $800 billion invested by SWFs since 2007, in relation to the size of its economy, the UK attracted over five times more investment than the US.