News Centre

FSB Publishes Guidance On Resolution Of Non-Bank Financial Institutions

Date 15/10/2014

The Financial Stability Board (FSB) has today reissued the Key Attributes of Effective Resolution Regimes for Financial Institutions ('the Key Attributes') incorporating guidance on their application to non-bank financial institutions and on arrangements for information sharing that support the effective resolution of cross-border financial institutions.

CPMI And IOSCO Issue Report On The Recovery Of Financial Market Infrastructures

Date 15/10/2014

The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have today published a report entitled Recovery of financial market infrastructures.

Borsa İstanbul e-bulletin And Markets Report

Date 15/10/2014

Cliick here to download Borsa İstanbul's e-bulletin and markets report.

ICE Futures Europe Announces Record Daily Volume In Low Sulphur Gasoil Related Contracts

Date 15/10/2014

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that ICE Futures Europe reached a daily volume record in trade for ICE Low Sulphur Gasoil futures. A new total daily volume record for ICE Low Sulphur Gasoil futures across ‘G’ and ‘ULS’ code contracts was set on Tuesday, October 14, 2014 with 67,110 contracts traded. The previous total daily volume record of 38,346 contracts was established Monday, October 13, 2014.

Cairo Amman Bank Flash Comment: Jordan’s Inflation Up By 3.1% During First Nine Months Of 2014

Date 15/10/2014

• According to figures released by the Department of Statistics, the inflation rate grew by 3.1% during the first nine months of the year compared to the same period last year, down from 3.2% for the first eight months of the year.
• Inflation is expected to ease this year to around 3.0% from 5.6% in 2013, as the effect of removing fuel subsidies in November 2012 seems to have faded.

Verum Household Discretionary Spending Tracker - United Kingdom: Indicator Of Sustainable Economic Recovery: Data Show Largest Increase In Non-Essential Household Spending Since Before Financial Crisis

Date 15/10/2014

Key points from analysis:

• 9.4% year-on-year increase in UK household discretionary spending during Q2 2014 is largest consistent rise since height of pre-crash boom in 2006.
• Discretionary spending rising as a proportion of total household spending and total disposable income.
• Increase in discretionary spending financed by income from property and not from wages and salaries.

Hong Kong's Securities And Futures Commission: Takeovers Panel Rules No Mandatory General Offer Obligation Triggered For China Oriental

Date 15/10/2014

The Takeovers and Mergers Panel (Panel) upheld the Takeovers Executive's (Executive) ruling that the completion of certain transactions between ArcelorMittal, a substantial shareholder of China Oriental Group Company Limited (China Oriental), and counterparties involving shares of China Oriental on 30 April 2014 did not give rise to a mandatory general offer obligation under the Code on Takeovers and Mergers (Takeovers Code) by ArcelorMittal to acquire all the shares of China Oriental.

Earthport Enables Banco Do Brasil Americas To Offer Students Pre-Paid Cards For International Bank Transfers - Earthport’s Comprehensive Cross-Border Payments Service Powers Bank’s Initiative To Make Transfers From Card To Bank Account Easier And Safer For Young People Abroad

Date 15/10/2014

Earthport has signed an agreement with Banco do Brasil Americas which will see the company’s low value, cross-border payments solution enhance the bank’s multi-currency pre-paid card for students.

Axis Bank Goes Live With Fundtech’s Remittance Solution - India’s Third Largest Private Bank To Process Remittances From Twenty Three Countries

Date 15/10/2014

Fundtech, a market leader in global transaction banking solutions, today announced that India’s third largest private bank, Axis Bank, has gone live with Fundtech’s flagship cash management solution, Global CASHplus, for remittances. The solution enables Axis Bank to efficiently process cross border remittances by automating the money transfer process for retail customers.

Hong Kong's Securities And Futures Commission Welcomes Re-Appointment Of Non-Executive Director

Date 15/10/2014

The Securities and Futures Commission (SFC) welcomes the re-appointment by the Financial Secretary of Dr Kelvin Wong Tin-yau as a Non-Executive Director for a term of two years effective from 20 October 2014.