News Centre

Third Issue Of The Hong Kong Mercantile Exchange Exchange News

Date 28/09/2012

Highlights include:

• Hong-Kong based Golden Mountain Futures joins as newest broking member, bringing HKMEx total number of members to 33.
• HKMEx becomes the first international exchange to have signed up all authorized mainland brokerages in Hong Kong
• New leadership
• HKMEx surpasses the 2 million contracts mark

British Bankers' Association Statement On Conclusions Of Wheatley Review Into LIBOR

Date 28/09/2012

The British Bankers' Association said:

"The BBA worked very closely with the Wheatley Review of LIBOR and believe today's report is an essential step. The BBA has strongly stated the need for greater regulatory oversight of LIBOR, and tougher sanctions for those who try to manipulate it. The BBA Council has indicated it would support any recommendation that responsibility for LIBOR should be passed to a new sponsor.

MCX Weekly Market Report September 21, 2012 – September 27, 2012

Date 28/09/2012

Please click here to download the MCX Weekly Market Report.

Pushing The Reset Button On LIBOR - Speech By Martin Wheatley - Managing Director, FSA, And CEO Designate, FCA At The Wheatley Review Of LIBOR

Date 28/09/2012

Good morning and thank you all for coming today.

Firstly I want to thank the Financial Secretary for his introduction.  I also want to thank the Lord Mayor for allowing us to host this morning’s event here in the heart of the City of London, a place built on a strong foundation of confidence and trust.

Hong Kong's Securities And Futures Commission Welcomes Appointment Of Chairman And Non-Executive Director

Date 28/09/2012

The Securities and Futures Commission (SFC) welcomes the appointment by the HKSAR Government of Mr Carlson Tong as the Chairman of the SFC and of Dr Kelvin Wong Tin-yau as a non-executive director with effect from 20 October 2012.

The Wheatley Review Of LIBOR - Final Report And findings

Date 28/09/2012

Following the findings by various authorities in regard to the attempted manipulation of LIBOR, Martin Wheatley, Managing Director of the FSA and CEO Designate of the Financial Conduct Authority, was commissioned by the Chancellor of the Exchequer to undertake a review. This was to look at the structure and governance of LIBOR and make recommendations on how the system should be reformed to ensure that credibility and trust in this important benchmark are fully restored.

Change In The Chairmanship Of The SIX Board Of Directors

Date 28/09/2012

Peter Gomez is to pass on his mandate as Chairman of the Board of Directors of SIX to a younger pair of hands. He will do so at the general meeting of shareholders at the end of May 2013, following an orderly process to find a successor. Peter Gomez successfully implemented the merger of the three predecessor companies into SIX in a difficult environment. The Board is proposing as his successor Alexandre Zeller, who has had a long and successful career in banking at the national and international levels.

SIX Exchange Regulation Reaches An Agreement With International Minerals Corporation

Date 28/09/2012

SIX Exchange Regulation has reached an agreement with International Minerals Corporation in connection with a breach of International Financial Reporting Standards in their interim financial statements 2011/2012. The violations identified relate to the presentation of the income statement as well as disclosures regarding the valuation of securities held. As a condition of the agreement, the company committed to invest in IFRS-training for their employees.  

Hong Kong's Securities And Futures Commission: Process Review Panel Report 2011-2012

Date 28/09/2012

The Securities and Futures Commission (SFC) is pleased to note that the Process Review Panel (PRP) for the SFC concluded in its latest annual report that the SFC has generally adhered to established internal procedures in its decisions and actions.

EDHEC-Risk Institute And CFA Institute To Reinforce Their Executive Education Partnership

Date 28/09/2012

EDHEC-Risk Institute and CFA Institute are pleased to announce the reinforcement of their executive education partnership (initiated in 2008 with the Advances in Asset Allocation Seminar) by offering theAdvances in Equity Portfolio Construction Seminar. The course aims to provide investment practitioners with the tools to better understand the limits and benefits of different portfolio construction approaches, and to discuss alternative equity index strategies.