News Centre

Japan's Financial Services Agency: The Panel For Vitalizing Financial And Capital Markets Releases Its Recommendations

Date 13/12/2013

The Panel for Vitalizing Financial and Capital Markets, which was set up on November 11th by the Financial Services Agency and the Ministry of Finance in accordance with the Action Plan to Implement the Growth Strategy (decision of the Headquarters for Japan’s Economic Revitalization on October 1, 2013), which states “the government will compile, by the end of this year, measures to make Japanese financial and capital markets more attractive, such as measures to divert individuals’ financial assets as financing for growth, and measures to realize and utilize the potential of Asian economies,” has held rounds of discussions since its launch.

European Banking Authority Agrees On Definition Of Identified Staff For Remuneration Purposes

Date 13/12/2013

The European Banking Authority (EBA) agreed on its final draft Regulatory Technical Standards (RTS) on criteria to identify categories of staff whose professional activities have a material impact on an institution's risk profile. These identified staff will be subject to provisions related, in particular, to the payment of variable remuneration. The EBA will submit the draft RTS on 16 December 2013 to the European Commission. They are part of the EBA work on the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union (EU).

The UK Financial Conduct Authority Fines Porta Verde £25,000 For Serious Failings In Its Appointed Representatives’ Sales Practices

Date 13/12/2013

Porta Verde Financial Services Limited (Porta Verde) has been fined £25,000 by the Financial Conduct Authority (FCA) after two of its appointed representatives (ARs) mis-sold insurance, often to elderly and vulnerable customers, between October 2010 and June 2012.  

SIX: Opening Of Consultation Of The Financial Market Infrastructure Act - Yes To Equivalence, No To Swiss Finish

Date 13/12/2013

Today the Federal Council opened the consultation of the Financial Market Infrastructure Act. SIX supports the intention of the Federal Council to regulate the financial market infrastructure and trading of derivatives in a decree, to adapt to international standards and to ensure access to foreign markets also in the future. However, the adoption of international standards and EU regulations shall not result in a disproportionate tightening of rules or a rush to comply with them.

European Banking Authority Warns Consumers On Virtual Currencies

Date 13/12/2013

The European Banking Authority (EBA) issued today a warning on a series of risks deriving from buying, holding or trading virtual currencies such as Bitcoins. The EBA said that consumers are not protected through regulation when using virtual currencies as a means of payment and may be at risk of losing their money. It also added that there is no guarantee that currency values remain stable The warning was issued while the Authority assesses further all relevant aspects associated with virtual currencies, in order to identify whether virtual currencies can and should be regulated and supervised.

Hong Kong's Securities And Futures Commission Issues Second-Quarter Report

Date 13/12/2013

In its Quarterly Report published today, the Securities and Futures Commission (SFC) summarises key regulatory work in the reporting period from July to September 2013.

FTSE SET Index Series December Semi-Annual Review

Date 13/12/2013

• No changes to FTSE SET Large Cap
• Two additions to the FTSE SET Mid-Cap Index
• Six additions to the FTSE SET Shariah Index

Malawi Stock Exchange Weekly Trading Report - Week Ending 13th December, 2013

Date 13/12/2013

Click here to download Malawi Stock Exchange's weekly trading report.

MCX Weekly Market Report - December 06, 2013 To December 12, 2013

Date 13/12/2013

Click here to download MCX's weekly market report.

Shanghai Stock Exchange, Listed Companies Hold Discussion: Studying Requirements Of 3rd Plenary Session

Date 13/12/2013

On the afternoon of December 4, the Shanghai Stock Exchange (SSE) organizes representatives of over 10 listed companies, including China Unicom, China Shipping Container Lines Co., Ltd., Shanghai Construction Group Co., Ltd., Shanghai Belling Co., Ltd., Shanghai Oriental Pearl (Group) Co., Ltd., Shanghai Shentong Metro Co., Ltd., Shanghai Lonyer Fuels Co., Ltd., Shanghai Kaichuang Marine International Co., Ltd., Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd., Shanghai Shibei Hi-tech Co., Ltd., Shanghai Haibo Co., Ltd., Shanghai Zhixin Electric Co., Ltd., and Shanghai Friendship Group Incorporated Company, and holds a symposium on studying the requirements put forward at the 3rd Plenary Session of the 18th CPC Central Committee (the 3rd Plenary Session for short). The representatives exchange their views after studying the requirements of the 3rd Plenary Session and, according to circumstances of their companies and relevant industries, carry out an in-depth discussion on such issues as how to implement the requirements of the 3rd Plenary Session, how to promote industrial transformation, and how to strengthen the capital market’s services for the real economy.