News Centre

New UK Financial Conduct Authority Rules To Protect Access To Cash Already Having An Impact

Date 18/09/2024

New rules from the Financial Conduct Authority (FCA) to protect access to cash have come into force and are already having a positive impact in local communities.

Global Relay Announces AI-Enabled Voice Surveillance Solution - As Regulators Actively Enforce Recordkeeping And Surveillance Rules For Voice Communication, Global Relay Announces AI-Enabled Voice-To-Text Transcription

Date 18/09/2024

Global Relay, a leading provider of digital communications and recordkeeping, announces AI-enabled voice-to-text transcription services to support the heightened need for voice communications surveillance.

DIFC Preferred Choice For International Brokerage Firms Eyeing Dubai - 70 Brokerage Firms Now Authorised By DIFC, Representing Largest Cluster In UAE

Date 18/09/2024

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, has strengthened its position to become the preferred choice for globally renowned brokerage firms in the UAE, with 70 now established in the Centre. 

Finansinspektionen Leaves The Countercyclical Buffer Rate Unchanged

Date 18/09/2024

In accordance with its assessment in the most recent stability report, FI is leaving the countercyclical buffer rate unchanged in the third quarter. The buffer rate of 2 per cent, which was applied starting on 22 June 2023, shall thus continue to apply. The countercyclical buffer guide is calculated at 0 per cent.

ASIC Urges Businesses To Prepare For Mandatory Climate Reporting

Date 18/09/2024

From 1 January 2025, many large Australian businesses and financial institutions will need to prepare annual sustainability reports containing mandatory climate-related financial disclosures, following the passage of a major bill through Parliament.

Shenzhen Stock Exchange Market Bulletin, September 13, 2024, Issue 29

Date 18/09/2024

Click here to download Shenzhen Stock Exchange's market bulletin, issue 29.

Major Singapore Retail Banks To Introduce Singpass Face Verification, Further Strengthening Resilience Against Phishing Scams

Date 18/09/2024

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today announced that major retail banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months to strengthen the digital token (DT) setup process for retail banking customers.

SEC: Unregistered Municipal Advisory Activity In Public-Private Partnerships, Dave Sanchez, Director, Office Of Municipal Securities, The Bond Buyer Infrastructure Conference, Philadelphia, Sept. 17, 2024

Date 17/09/2024

Good afternoon everyone. I want to thank The Bond Buyer for organizing this Infrastructure Conference and for inviting me today to talk about some important regulatory safeguards that were put in place a decade ago to help state and local governments make effective infrastructure investments.

SEC Charges 11 Institutional Investment Managers With Failing To Report Certain Securities Holdings - Two Of The Firms Also Charged With Failing To Report Large Trader Transactions

Date 17/09/2024

The Securities and Exchange Commission today announced charges against 11 institutional investment managers for failing to file reports, known as Forms 13F, that they were required to file because they have discretion over more than $100 million in certain securities. Two of the entities, Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. (Nationale-Nederlanden) and NEPC, LLC, were also charged with failing to file Forms 13H as required for large traders who trade a significant amount of exchange-listed securities. All 11 firms agreed to settle the SEC’s charges. Nine of the firms will pay more than $3.4 million in combined civil penalties. Two firms were not ordered to pay any civil penalties because they self-reported the violations at issue and otherwise cooperated with the SEC’s investigations, and another (NEPC, LLC) was not ordered to pay a civil penalty for its failure to file Forms 13H because it self-reported those violations and otherwise cooperated with the SEC’s investigations.

Remarks By US Under Secretary For Domestic Finance Nellie Liang At The Georgetown University Financial Markets Quality Conference

Date 17/09/2024

Thank you for the invitation to be part of this impressive conference on financial market quality and the opportunity to speak with you.

In my remarks today, I will focus on the Treasury market. This market serves the role of financing our government at the lowest cost to the taxpayer over time and is at the core of global financial markets. It provides the benchmark risk-free yield curve, and it helps underpin the role of the dollar in global transactions. And being the deepest and most liquid market in the world, it serves as a key source of safe and liquid assets for investors and is used for liquidity risk management by many financial firms, both banks and nonbanks.