News Centre

ASIC Issues Major Cyber Resilience Report

Date 19/03/2015

ASIC today published Report 429 Cyber resilience: Health Check(REP 429) to help its regulated population improve cyber resilience.

Pan Xuexian, Deputy To The NPC And Chairman Of The Supervisors Shanghai Stock Exchange: Accelerate Regulatory Transformation, Improve Regulatory Efficiency

Date 19/03/2015

Pan Xuexian, Deputy to the NPC and Chairman of the Supervisors of the Shanghai Stock Exchange (SSE), said in an interview with Xinhuanet.com during the 2015 NPC and CPPCC sessions on March 9 that 2015 would be a crucial year for all-round regulatory transformation in the securities regulatory system. With the promotion of innovation and reform, the capital market’s function of serving the real economy will be further enhanced, thus fulfilling its role as a “barometer” for the real economy.

2014 A Stellar Year For DIFC With 18% Growth In Companies, 15% Increase In Leased Office Space

Date 19/03/2015

Dubai International Financial Centre, the mature global financial hub connecting the Middle East, Africa and South Asia (MEASA) markets with the economies of Europe, Asia and the Americas, yesterday announced results for 2014 that were the second strongest ever since its inception in 2004.

SIFMA Statement On The Revised Implementation Date for Non-Cleared Derivatives Margin Rules

Date 19/03/2015

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., president and CEO, after the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) announced a revised implementation date for margin requirements for non-centrally cleared derivatives:

"Margin rules for non-centrally cleared derivatives are among the most complicated and important aspects of the regulatory reform agenda, and the industry has been working hard to get to a position to implement those rules without delay once regulators finalize them.  Given the ongoing national rulemaking processes, we welcome the BCBS/IOSCO decision to extend their recommended start date for the phase-in of those rules. "

British Columbia Securities Commission Panel Fines And Permanently Bans Five B.C. Residents For Market Manipulation

Date 18/03/2015

A British Columbia Securities Commission panel has fined five B.C. residents who were found to have perpetrated a market manipulation that led to a misleading appearance of trading activity in, or an artificial price for, shares in a company listed on the TSX Venture Exchange (TSX-V). The panel also permanently banned them from B.C.’s capital markets. 

ISDA Statement On The Revised Implementation Date For Non-Cleared Derivatives Margin Rules

Date 18/03/2015

The International Swaps and Derivatives Association, Inc. (ISDA) today published the following statement regarding the revised implementation date for non-cleared derivatives margin rules:

“ISDA very much welcomes the extension to the start date for non-cleared derivatives margin rules. The new rules will require firms to make significant changes to their infrastructure, technology, processes and documentation. Firms have been working hard to prepare for the rules, but the changes would have been all but impossible to complete by the original December 2015 effective date, particularly as final rules have not yet been published by US, European and Japanese authorities."

CFTC Swaps Report Update

Date 18/03/2015

CFTC's Weekly Swaps Report has been updated, and is now available.

Statement On Jury Verdict In Willie Gault/Heart Tronics Case - Andrew Ceresney, Director, SEC Division Of Enforcement, March 18, 2015

Date 18/03/2015

"We are pleased with the jury’s verdict holding Willie Gault accountable for securities law violations. As proved at trial, as CEO of a public company, Willie Gault filed false certifications with the SEC and knowingly circumvented the company’s internal controls."

Two New Share-Referenced Certificates ("TRAC") Were Listed On the Mexican Stock Exchange ("BMV")

Date 18/03/2015

• DLRTRAC and PSOTRAC are options to mitigate the exchange rate risk
• With these two new instruments, the Share-Referenced Certificates (TRAC´s) family in the BMV add up to 26 investment options

Federal Reserve Issues FOMC Statement

Date 18/03/2015

Information received since the Federal Open Market Committee met in January suggests that economic growth has moderated somewhat. Labor market conditions have improved further, with strong job gains and a lower unemployment rate. A range of labor market indicators suggests that underutilization of labor resources continues to diminish. Household spending is rising moderately; declines in energy prices have boosted household purchasing power. Business fixed investment is advancing, while the recovery in the housing sector remains slow and export growth has weakened. Inflation has declined further below the Committee's longer-run objective, largely reflecting declines in energy prices. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations have remained stable.