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  • Press Conference By Taro Aso, Japan's Deputy Prime Minister, Minister Of Finance, And Minister For Financial Services

    Date 07/11/2013

    Q.

    Yesterday, I believe you called it problematic that Mizuho Bank had submitted an erroneous report to the Financial Services Agency but, at the same time, I think this also points out that the Financial Services Agency was unable to identify it as an erroneous report. In view of this, please let us know any thoughts you have at the moment on how to improve supervision including onsite inspection measures so that this never happens again.

    A.

    The process is being carried out with limited time and limited human resources, so I certainly think it must be carried out efficiently, and continuous efforts must be made toward qualitative improvement. As was just mentioned, a third-party committee has submitted a report, and after carefully reviewing it, further improvements would be made if we found necessary.

  • Forexware Partners With Tradenext Limited

    Date 07/11/2013

    Forexware, a leader in forex trading technology, announced today it is partnering with Tradenext, an Indian-owned, London-based forex broker, to provide technology and liquidity solutions for Tradenext's retail forex platforms.

  • London Stock Exchange Group's MillenniumIT Selected By Singapore Exchange (SGX) As Post-Trade Technology Partner

    Date 07/11/2013

  • Millennium PostTradeTM chosen by SGX to provide complete post-trade processing in real-time
  • First full roll-out of MillenniumIT multi-asset clearing, settlement, risk and CDS technology platform 
  • MillenniumIT provides trading and clearing platforms technology to over 30 organisations around the world
  • LME Introduces Comprehensive Package Of Warehouse Reforms

    Date 07/11/2013

  • Proposal modified to affect all warehouses with queues of more than 50 days
  • LME will act to prevent queue incentivisation
  • Detailed report of consultation published
  • Full-scale external logistical review planned for LME warehousing network
  • Related changes: new transparency reports, creation of Physical Market Committee, on-going commitment to best practice information barriers
  • UK’s Financial Conduct Authority (FCA) Publishes October Data On Banks' Review Of Sales Of Interest Rate Hedging Products.

    Date 07/11/2013

    FCA statement:

    “Progress to this point has been slower than expected, but the latest figures show a significant pick up from earlier publications. We have written to the banks to make our expectations clear and agree practical ways to speed up the process.