News Centre

UK’s Financial Conduct Authority Confirms How It Will Use New Power To Publicise Warning Notices

Date 15/10/2013

The Financial Conduct Authority (FCA) today confirmed how it will use its new power to publicise warning notices by publishing information about proposed enforcement action. Previously, the regulator could only publish information about enforcement proceedings at a later stage in the enforcement process, once it had decided to take action.

TheCityUK Responds To Announcement On Allowing Chinese Banks To Set Up In UK

Date 15/10/2013

Chris Cummings, Chief Executive of TheCityUK, commented:

“TheCityUK strongly welcomes the Chancellor’s announcement that the PRA is to offer talks with leading Chinese banks to discuss the establishment of branches in London for their wholesale banking operations. "

TriOptima’s Largest European Energy Compression Cycle Eliminates More Than 4300 European Energy Forwards and Swaps With A Notional Principal Value Of €8.4 Billion

Date 15/10/2013

TriOptima announces that 13 banks and energy houses have eliminated more than 4300 power and gas swaps and forwards with a combined notional principal value of €8.4 billion. Participants included: Alpiq, Bank of America Merrill Lynch, BKW Energie, Citigroup Global Markets Ltd, EnBW Trading, Iberdrola, JP Morgan, ScottishPower, and Société Générale.

Tokyo Commodity Exchange September 2013 Volume Averaged 94,011 Contracts Per Day, Down 1.9%

Date 15/10/2013

The Tokyo Commodity Exchange announced today that September 2013 trading volume averaged 94,011 contracts per day, down 1.9% from August 2013. Average daily volume was higher for some key commodities such as Gold, which was up 0.9% to 43,714 contracts, and Crude Oil, which was up 7.3% to 4,259 contracts. Other commodities, such as Gasoline saw volume decrease by 10.6% to 7,409 contracts and Rubber was down 7.5% to 8,316 contracts.

Xetra/FWB: Subscription Launch Of Alfmeier Präzision AG Bond

Date 15/10/2013

Subscription begins today for a corporate bond from Alfmeier Präzision AG. The bond with the ISIN DE000A1X3MA5 can be subscribed until 25 October, subject to early termination of subscription. It is subsequently to be listed in the Entry Standard of the Frankfurt Stock Exchange. It has a volume of up to €30 million, runs until October 2018 and has an interest rate of 7.5 percent. Its nominal denomination is €1,000. 

Swedish Financial Supervisory Authority - Finansinspektionen - Wants To Strengthen The Culture Of Amortisation

Date 15/10/2013

FI wants banks to offer households individual amortisation plans. The aim is to have households make a decision about amortisation by having the banks clearly show how amortisation affects a household’s finances in the long run. FI is submitting its proposal to the Government today.

Official Reply From China Securities Regulatory Commission On Listing Iron Ore Futures Contracts On Dalian Commodity Exchange

Date 15/10/2013

Shenzhen Stock Exchange. Market Bulletin 14 October, 2013 - Issue 19

Date 15/10/2013

Major Shenzhen Indices made headway last week. Shenzhen Component Index closed at 8738.0 points after gaining 3.1%. SME Index rose 3.6% and closed at 5349.9 points. ChiNext Index closed at 1379.9 points after gaining 4.2%. Total turnover for stocks and funds on SZSE was US$102.8 billion, or a 5.5% increase from the week before.

Statement From FINRA Chairman And CEO Richard G. Ketchum On FINRA's Report On Conflicts Of Interest

Date 15/10/2013

Today, FINRA published a report on conflicts of interest in the broker-dealer industry to highlight effective conflicts management practices that may go beyond current regulatory requirements and identify potential problem areas. In July 2012, FINRA initiated a dialogue with several large firms to review their conflicts management practices to better understand how the industry identifies and manages conflicts.

NZX Acknowledges David Newman

Date 14/10/2013

NZX would like to acknowledge the significant contribution that David Newman made to the development of corporate New Zealand, and by extension our capital markets, during his career. David was a significant leader both in New Zealand and internationally, particularly throughout his long service at Infratil.