News Centre

Senior Management Changes At Monetary Authority Of Singapore

Date 27/03/2014

The Monetary Authority of Singapore (MAS) announced the following changes to its senior management team:

• Mrs Foo-Yap Siew Hong, currently Assistant Managing Director (Special Projects) in the Managing Director’s Office, will retire from MAS on 31 March 2014.
• Mr Lee Chuan Teck, currently Assistant Managing Director (Capital Markets) will be seconded to the Ministry of Transport as Deputy Secretary (Land and Corporate).
• Mr Lee Chuan Teck will be succeeded by Mr Lee Boon Ngiap, who will relinquish his current position as Assistant Managing Director (Banking & Insurance).
• Mr Chua Kim Leng, currently Executive Director, Banking Department I, will be appointed as Assistant Managing Director (Banking & Insurance).

Japan’s Financial Services Agency Publishes An English Translation Of Comprehensive Guidelines For Supervision Of Financial Market Infrastructures

Date 27/03/2014

As part of the efforts toward "better regulation", the Financial Services Agency (FSA) has been enhancing dissemination about important policies of information in English translations.

Shenzhen Stock Exchange Releases 2013 Retail Investor Survey Report

Date 27/03/2014

Shenzhen Stock Exchange (SZSE) recently released the 2013 Retail Investor Survey Report, which provides first-hand information for the improvement of investor education and service.

HKEx: Forfeiture Of Unclaimed Final Dividend For 2007

Date 27/03/2014

Pursuant to the Articles of Association of Hong Kong Exchanges and Clearing Limited (HKEx), the unclaimed final dividend for 2007 will be forfeited and will revert to HKEx on 9 May 2014.

SWIFT Expands Compliance Services Portfolio With Omnicision Acquisition - Cooperative’s Customers Will Benefit From Additional Financial Crime Prevention Services And Faster Time To Market

Date 27/03/2014

SWIFT announces the acquisition of Omnicision, the UK-based provider of financial crime prevention services and solutions. The acquisition underscores SWIFT’s commitment to invest in its compliance offering and will enable SWIFT to grow its Sanctions Testing service and further expand its compliance services, leveraging Omnicision’s technology, expertise and product pipeline.

Launch Of The Solactive MLP Bond Index - First Index To Offer Exposure To Master Limited Partnerships Via Their Bonds

Date 27/03/2014

Solactive AG has launched the Solactive MLP Bond Index, first in the market to give access to this type of US companies which has been raising attention recently, due to their interesting payout potential combined with relative safety compared to other corners of the energy world.

Mark Branson To Become FINMA CEO

Date 27/03/2014

The FINMA Board of Directors has unanimously appointed Mark Branson to the post of CEO of the Swiss Financial Market Supervisory Authority FINMA. His appointment has been approved today by the Federal Council. Mark Branson, who has been acting as interim CEO since 1 February 2014, will take up the post as of 1 April 2014. There will also be changes in FINMA's organisation and the composition of its Executive Board. 

Bursa Malaysia Securities Publicly Reprimands Eonmetall Group Berhad For Breach Of Main Market Listing Requirements

Date 27/03/2014

Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has publicly reprimanded Eonmetall Group Berhad (“EMETALL” or “the Company”) for breaching paragraph 9.16(1)(a) of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR) in respect of the Company’s announcement dated 29 February 2012 on the unaudited fourth quarterly report for financial year ended (FYE) 31 December 2011 (QR4/2011) which failed to take into account the adjustments in the Company’s announcement dated 30 April 2012.  

The failure to take into account the adjustments was in contravention of paragraph 9.16(1)(a) of the Main LR where a listed issuer must ensure that each announcement made is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.

The public reprimand was imposed pursuant to paragraph 16.19(1) of the Main LR after taking into consideration all facts and circumstances of the matter and upon completion of due process. 

ASX: Release Of Third Edition Of The Corporate Governance Principles And Recommendations

Date 27/03/2014

The ASX Corporate Governance Council (Council) today released the third edition of its Corporate Governance Principles and Recommendations. The new edition captures and reflects developments in corporate governance, both in Australia and internationally, since the second edition was published in 2007. The first edition was issued in March 2003. 

New Zealand's Financial Markets Authority: Investors Better Informed About Low Ball Offers

Date 27/03/2014

FMA says in a report published today that new regulations are assisting investors to make better informed decisions about unsolicited or low ball offers.  The report also acknowledges that companies whose investors have been targeted have contributed to investors being better informed.