News Centre

ASIC Proposes To Extend Parent Entity Financial Reporting And Auditor Independence Legislative Instruments

Date 17/11/2023

ASIC proposes to extend the operation of two legislative instruments, ASIC Corporations (Auditor Independence) Instrument 2021/75 and ASIC Corporations (Parent Entity Financial Statements) Instrument 2021/195, which are due to expire in April 2024, for a further five years.

89% Of SGX-Listed Issuers Have Board Diversity Policy - Disclosures Need More Detail

Date 17/11/2023

A joint Singapore Exchange Regulation (SGX RegCo) and Council for Board Diversity (CBD) study found that 89% of SGX-listed issuers have disclosed a board diversity policy. Of those that have not done so, the deadline for such disclosures for most of them (7% of all issuers) was not yet due.    

CFFEX: Notice On Listing Of New Equity Index Futures And Options Contracts

Date 17/11/2023

• The IF2401 CSI 300 index futures contract is scheduled to be listed on November 20, 2023 at the listing benchmark price of 3566.4.
• The IC2401 CSI 500 index futures contract is scheduled to be listed on November 20, 2023 at the listing benchmark price of 5596.
• The IM2401 CSI 1000 index futures contract is scheduled to be listed on November 20, 2023 at the listing benchmark price of 6146.
• The IH2401 SSE 50 index futures contract is scheduled to be listed on November 20, 2023 at the listing benchmark price of 2397.2.
• The IO2402 series CSI 300 index options contracts are scheduled to be listed on November 20, 2023.
• The MO2402 series CSI 1000 index options contracts are scheduled to be listed on November 20, 2023.
• The HO2402 series SSE 50 index options contracts are scheduled to be listed on November 20, 2023.

Launch Of Cross-border QR Payments Linkage Between Indonesia And Singapore

Date 17/11/2023

Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today launched the cross-border quick response (QR) payment linkage between Indonesia and Singapore. This linkage enables customers of participating financial institutions  to make seamless cross-border retail payments using their existing mobile banking applications to scan QRIS (Quick Response Code Indonesian Standard) or NETS QR codes  displayed by merchants in Indonesia and Singapore respectively. BI Governor, Perry Warjiyo, and MAS Managing Director, Ravi Menon, jointly launched the linkage by making live cross-border QR payments at the Singapore FinTech Festival 2023. 

ASIC Consults On ABA’s Proposed Changes To The Banking Code

Date 17/11/2023

Today ASIC opened its consultation on the Australian Banking Association’s (ABA) proposed changes to its Banking Code of Practice (the Code). The Code contains a set of contractually enforceable standards that customers and small business can expect subscribing banks to uphold. The ABA plans to apply for ASIC approval of the revised Code.

New York Attorney General Letitia James And Multistate Coalition Secure $6.5 Million From Morgan Stanley For Failing To Protect Customer Data - Morgan Stanley To Pay New York $1.6 Million For Compromising The Personal Information Of 1.1 Million New Yorkers

Date 16/11/2023

New York Attorney General Letitia James and a coalition of five attorneys general today reached a $6.5 million agreement with global financial services firm Morgan Stanley Smith Barney LLC (Morgan Stanley) for compromising the personal information of millions of customers nationwide. Morgan Stanley failed to decommission its computers and erase unencrypted data in certain computer devices that were later auctioned while still containing consumers’ personal information, including data belonging to 1.1 million New Yorkers. New York will receive $1,658,047 from today’s settlement and Morgan Stanley will be required to strengthen its data security measures.

Treasury International Capital Data For September

Date 16/11/2023

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for September 2023.  The next release, which will report on data for October 2023, is scheduled for December 19, 2023. 

Keynote Of CFTC Chairman Rostin Behnam At The 2023 U.S. Treasury Market Conference, “Not Flashy, But Foundational”

Date 16/11/2023

Good afternoon.  It is a pleasure to join you today at the Federal Reserve Bank of New York.

Readout: US Deputy Secretary Of The Treasury Wally Adeyemo’s Meeting With State Secretary For International Finance Daniela Stoffel Of Switzerland

Date 16/11/2023

Today, Deputy Secretary of the Treasury Wally Adeyemo met with Switzerland’s State Secretary for International Finance Daniela Stoffel.  Deputy Secretary Adeyemo and State Secretary Stoffel exchanged views on global economic issues and areas of bilateral collaboration.  Deputy Secretary Adeyemo discussed how allies and partners can best support Ukraine.  Deputy Secretary Adeyemo thanked State Secretary Stoffel for Switzerland’s close cooperation on actions to hold Russia accountable for its illegal invasion of Ukraine.

High Stakes: Comments On The Adoption Of A Rule Related To Clearing Agency Governance And Conflicts Of Interest, SEC Commissioner Hester M. Peirce, Nov. 16, 2023

Date 16/11/2023

Clearing agencies play a critical role in our markets. Therefore, sound regulation of clearing agencies should be a priority for the Commission. The approach embodied in the final rule, however, micromanages clearing agency governance in a way that is likely to divert board attention from key issues by focusing it instead on an amorphous set of stakeholders. Accordingly, I dissent.