News Centre

New Zealand's Financial Markets Authority Issues Formal Warning To St Laurence Directors - Investigation Closed

Date 29/05/2014

The Financial Markets Authority (FMA) has closed its investigation into St Laurence Limited (in liquidation) and has formally warned eight directors of St Laurence Limited in respect of potential breaches of the Securities Act.

China Plastics Industry Conference 2014 Held In Hangzhou

Date 29/05/2014

At the “2014 China Plastics Industry Conference (CPIC)” held in Hangzhou on May 27, Liu Xingqiang, Party chief and chairman of Dalian Commodity Exchange (DCE), said that at the new stage of deepening the reform in an all-round manner, China’s futures market will also meet with new opportunities for development. Under the correct leadership of the China Securities Regulatory Commission (CSRC), DCE will adhere to the market, legal and international orientations, strive to improve the market efficiency and further promote the functioning of the futures market.

CFTC Announces Agenda For The Upcoming Public Meeting Of The Technology Advisory Committee

Date 28/05/2014

The U.S. Commodity Futures Trading Commission (CFTC) announced today the full agenda for the upcoming CFTC Technology Advisory Committee (TAC) public meeting. The meeting will be held on Tuesday, June 3, 2014 at the CFTC’s headquarters in Washington, D.C. from 10:00 a.m. to 5:00 p.m. For more information regarding the meeting, view CFTC Press Release 6928-14.

OCC Announces Actions To Respond To International Peer Review Recommendations

Date 28/05/2014

The Office of the Comptroller of the Currency (OCC) today announced significant changes intended to strengthen both the supervisory process and the examining force supervising the nation’s largest and most complex financial institutions.

Mark Beeston Joins Duco As Chairman

Date 28/05/2014

Duco, provider of the hosted, on-demand reconciliation service Duco Cube, today announced that it has appointed Mark Beeston as Chairman.

Global Derivatives Conference Concludes In Moscow - Key Themes Included Response To Regulation, Moscow"S Emergence As Major Financial Center, And Recovery Of Global Exchange-Traded Derivatives

Date 28/05/2014

The 31st annual World Federation of Exchanges/IOMA conference, devoted to the global derivatives market, concluded today in Moscow. The annual conference brings together both the leaders of the world's futures and options markets and global clearing houses, to discuss market and regulatory issues affecting the global derivatives landscape. This year the conference was hosted by Moscow Exchange, Russia"s main public markets trading platform.

FINRA Issues New Investor Alert, High-Yield CDs: Red Flags That Signal A Scam

Date 28/05/2014

The Financial Industry Regulatory Authority (FINRA) issued a new investor alert called High-Yield CDs: Red Flags That Signal a Scam warning investors to be wary of promotions touting certificates of deposit (CDs) that promise interest rates that are substantially higher than current averages. In one instance of suspected email fraud, the pitch appeared to come from a large U.S. bank that supposedly was promoting a CD offered by an international banking partner. At a time when most CDs at U.S. banks and credit unions were offering just over 1 percent for a comparable term, this pitch offered a CD with a 15 percent yield, and contained instructions on how to wire funds.

ECB: Financial Stability Review Shows Progress In Strengthening Banks And Sovereigns; Hunt For Yield Contributing To The Build-Up Of New Risks

Date 28/05/2014

• Banking system stress has eased further as banking union preparations have gathered pace and banks have strengthened balance sheets

• Growing search for yield has benefited euro area banks and sovereigns, but could also unearth imbalances should risks be reassessed

ESMA Closed On 29 And 30 May For EU Institutional Holidays

Date 28/05/2014

The European Securities and Markets Authority will be closed on Thursday 29 and Friday 30 May for EU Institutional Holidays. It will reopen on Monday 2 June.

SEC Obtains Asset Freeze To Halt Fraud At Illinois-Based Transfer Agent

Date 28/05/2014

The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze against an Illinois-based transfer agent and its owner whose misappropriation scheme was exposed during an SEC examination of the firm.