News Centre

Desjardins Group Chooses Earthport’s Global Payments Network - The Leading Canadian Cooperative Financial Group Will Bring The Benefit Of The Earthport Network, The Largest Open Network For Global Bank Payments, To Its Corporate And Retail Customers

Date 14/10/2014

Earthport has signed an agreement with Caisse centrale Desjardins to provide international payment services, helping Desjardins’ customers make efficient low-value payments in an expanded number of markets globally. Caisse centrale Desjardins selected Earthport for the efficiency its solution brings to payment operations, its ability to drive increased FX revenue and its adherence to the standards and guidelines of the International Payments Framework Association (IPFA). The IPFA promotes the use of ISO 20022, the ISO standard for financial services messaging.

Morgan Stanley To Join Eurex Clearing’s Securities Lending CCP - Admission Process Expected To Be Finalized Within Weeks - Partnership With Eurex Clearing To Enhance And Expand Its Current Product Offering

Date 14/10/2014

Eurex Clearing, Europe’s leading clearing house and part of Deutsche Börse Group, announced that Morgan Stanley, one of the leading global investment banks, will become a clearing member of the Securities Lending CCP. Both partners aim to have finalized the process by the end of October.

New Risk Manager For Catella’s Funds

Date 14/10/2014

Helena Eriksson has been appointed as a new risk manager for Catella’s Swedish fund operations. Helena has an extensive background in risk management, in mid office and back office, from previous positions with Danske Capital and Swedbank Robur.

Hong Kong's Securities And Futures Commission Bans Roger Albert John And Hamish Gordon Cruden For Life

Date 14/10/2014

The Securities and Futures Commission (SFC) has banned Mr Roger Albert John and Mr Hamish Gordon Cruden, both former directors and responsible officers of Salisbury Securities Limited (Salisbury), from re-entering the industry for life.

Capital Gains Tax - Association Of Chartered Certified Accountants And Lahore Stock Exchange Hold A Joint Session.

Date 14/10/2014

ACCA (the Association of Chartered Certified Accountants) and Lahore Stock Exchange jointly organized a seminar on ‘Capital Gains Tax’ bringing together the Directors and Board Committee Members of the Lahore Stock Exchange, investment analysts and senior accounting and finance professionals to explore the topic of ‘Capital Gains Tax’.

ESMA Publishes Updated Data On Performance Of The Credit Rating Agencies

Date 14/10/2014

The European Securities and Markets Authority (ESMA) has published its latest set of semi-annual statistical data on the performance of credit ratings, including transition matrices and default rates.

The PRA’s Approach To With-Profits Insurance Business – CP22/14

Date 14/10/2014

Background

This consultation paper (CP) sets out proposed changes to the Prudential Regulation Authority’s (PRA's) regulation of UK with-profits insurance business. It consults on changes to the rules which will apply to firms that write with-profits business, and contains a draft supervisory statement which sets out the PRA’s expectations of firms.

UK's Financial Conduct Authority: Interest Rate Hedging Products

Date 14/10/2014

In 2012, we identified failings in the way that some banks sold IRHPs. The banks involved agreed to review their sales of IRHPs made to unsophisticated customers since 2001. The full review started in May 2013.

Osaka Exchange: Partial Revisions To The Business Regulations, Etc. In Connection With The Introduction Of JPX-Nikkei Index 400 Futures, Etc.

Date 14/10/2014

Osaka Exchange, Inc. (OSE) will partially revise the Business Regulations, etc. in connection with the introduction of JPX-Nikkei Index 400 Futures on November 25, 2014. Revisions will also be made due to the clearing system integration with Japan Securities Clearing Corporation (JSCC) scheduled on the same day. OSE will also make other necessary revisions.

Singapore Fixed Income Indices (SFI) Weekly - 13 October 2014

Date 14/10/2014

Below are key highlights for the week ending 10 October 2014 (please click on the attachment or further detail):