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  • Dalian Commodity Exchange Holds Night Trading Emergency Drill

    Date 26/06/2014

    To ensure the smooth operation of the night trading to be introduced and prevent and deal with the possible unexpected risks, on June 21, Dalian Commodity Exchange (DCE) organized the emergency drill for the technical system of the night trading.

  • Activate Existing Assets, Facilitate The Region Development - First Shandong Asset Securitization Products Listed On Shenzhen Stock Exchange

    Date 26/06/2014

    Approved by China Securities Regulatory Commission recently, ‘Guotai 1st Tranche Special Asset Management Plan’ (hereinafter referred as Guotai 1st Tranche), launched by Qilu Securities Co., Ltd., will be transferred by listing on Shenzhen Stock Exchange Comprehensive Trading Platform on June 25, 2014.  With the creditor’s right of leasing contracts signed by Guotai Leasing Limited Company with the lessees as basic assets, the product falls into 4 prior classes and 1 subordinated class of asset-backed securities, raising CNY1.196 billion in total.

  • SIFMA Statement On SEC Approval Of Cross-Border Swaps Rules

    Date 25/06/2014

    SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO following the Securities and Exchange Commission's unanimous decision to adopt cross-border security-based swaps rules and guidance:

    "We appreciate the SEC moving forward through the appropriate rulemaking process to adopt cross-border rules. Given the global nature of the swaps market, it is essential that we have clarity on jurisdictional lines and that we continue to work with regulators in other jurisdictions to promote coordination in the oversight of our markets. As the SEC moves forward with its Title VII rulemaking, we encourage rulemakers in the U.S. and abroad to coordinate in implementing rules governing the swaps market, in furtherance of the goals of the G20 and Dodd-Frank."

  • SEC Announces Order For Tick Size Pilot Plan - Pilot To Assess Impact Of Tick Size On Market Quality For Small Cap Companies

    Date 25/06/2014

    The Securities and Exchange Commission today announced that it has ordered the national securities exchanges and the Financial Industry Regulatory Authority (FINRA) to act jointly to develop and file with the Commission a national market system plan to implement a targeted 12 month pilot program that will widen minimum quoting and trading increments (tick sizes) for certain small capitalization stocks.  The Commission plans to use the program to assess whether these changes would enhance market quality to the benefit of U.S. investors, issuers, and other market participants.

  • SIFMA Statement On Passage Of National Cybersecurity And Communications Integration Center Act Of 2014 by Senate Committee

    Date 25/06/2014

    SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO on the passage of the National Cybersecurity and Communications Integration Center Act of 2014 by the Senate Committee on Homeland Security and Governmental Affairs:
     
    "SIFMA and its members applaud Chairman Carper and Ranking Member Coburn for their leadership in pushing forward important legislation which could lead to enhanced cybersecurity. The National Cybersecurity and Communications Integration Center (NCCIC), along with the Financial Services - Information Sharing and Analysis Center (FS-ISAC), is an integral part of the financial services sector's information sharing processes.  We applaud the legislation's codification of the NCCIC and its recognition of the capabilities that the NCCIC provides to the financial services sector as well as the critical infrastructure sectors that we rely on to operate."