News Centre

SIX Swiss Exchange: Internationalisation Of SLS

Date 30/07/2012

As of today, the unique SIX Swiss Exchange Liquidnet Service offers trading participants access to more than twice as many markets as before.

EMIR - Information On The Deadline For Joint Draft Regulatory Technical Standards On Risk Mitigation Techniques For OTC Derivatives Contracts Not Cleared By A CCP

Date 30/07/2012

On 7 June 2012, the Joint Committee of the European Supervisory Authorities (ESAs) addressed a request to the European Commission for a postponement of the deadline for the submission of the joint draft regulatory technical standards (RTS) on risk mitigation techniques for OTC derivatives contracts not cleared by a CCP (mainly related to margins for bilateral transactions).

ESMA Publishes Updated List Of Registered Credit Rating Agencies

Date 30/07/2012

The European Securities and Markets Authority has published an updated list of registered Credit Rating Agencies in the European Union.  The newest addition is the European Rating Agency, a.s. (Slovakia) which has been registered by the National Bank of Slovakia.

IntercontinentalExchange To Transition Cleared Energy Swaps To Futures In January 2013

Date 30/07/2012

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced that all cleared OTC products listed on ICE's OTC energy market will be transitioned to futures products in January 2013. These products will continue be listed and traded on the ICE platform and cleared at ICE Clear Europe, and block trades will continue to be available subject to applicable requirements.

Borsa Italiana Welcomes Compagnia Della Ruota To Aim Italia –Mercato Alternativo Del Capitale

Date 30/07/2012

Compagnia della Ruota has today listed on Aim Italia - Borsa Italiana’s market for small and fast growing companies. Compagnia della Ruota, headquartered in Biella, is a specialist investment company.

LIBOR: The Wheatley Review

Date 30/07/2012

As announced on 2 July 2012, the Chancellor of the Exchequer has commissioned Martin Wheatley, managing director of the FSA and Chief Executive-designate of the Financial Conduct Authority, to undertake a review of the framework for the setting of LIBOR.

Press Conference By Tadahiro Matsushita, Japan's Minister For Financial Services - Manipulation Of LIBOR And Possible Manipulation of TIBOR - HSBC Money Laundering

Date 30/07/2012

[Questions & Answers]

Q.

Last weekend, in relation to the illegal manipulation of interest rates, a media report said that the U.S. Securities and Exchange Commission had requested the Financial Services Agency (FSA) to cooperate in investigation as to whether or not U.S. banks had engaged in illegal practices in relation to TIBOR (Tokyo Interbank Offered Rate). Is that true? If so, how will the FSA respond to the request?

A.

I am aware of the media report that you mentioned. As to specific communications between the financial authorities or specific actions by the authorities, including foreign authorities, I would like to refrain from making comments.

Generally speaking, the FSA has already been cooperating and communicating with foreign authorities as needed and we will continue to cooperate with relevant authorities as needed.

In any case, I recognize that illegal manipulation of LIBOR (London Interbank Offered Rate) and TIBOR, which are widely used as important benchmark interest rates in the financial market, could undermine the fairness and transparency of the market and obstruct the sound development of the market, so I am keeping a close watch on this matter as a very serious problem.

As I have repeatedly mentioned, if a problem is recognized, the FSA will take appropriate actions in accordance with laws and regulations.

HKEx To Extend Coverage Of Its RMB Equity Trading Support Facility

Date 30/07/2012

Hong Kong Exchanges and Clearing Limited (HKEx) announced today (Monday) that it will extend the coverage of its Renminbi (RMB) Equity Trading Support Facility (TSF) beyond RMB-traded shares to equity-related Exchange Traded Funds (ETFs) and Real Estate Investment Trusts (REITs) traded in RMB with effect from Monday, 6 August 2012.

UK's Financial Services Authority Fines And Bans IFA Adrian Mark Mosley

Date 30/07/2012

The Financial Services Authority (FSA) has fined Adrian Mark Mosley of Mosley & Company £10,500 and prohibited him from holding a Significant Influence Function or acting as a sole trader. Mosley did not have the necessary competence and capability to provide financial advice to his clients and failed to treat his customers fairly.

SGX Consults Public On New Securities Margining Rules

Date 30/07/2012

Singapore Exchange (SGX) is consulting the public on proposed rules to introduce margining for securities cleared by the Central Depository (CDP) as part of its continual efforts to enhance its risk management practices.