News Centre

Hong Kong's Securities And Futures Commission: Court Of Final Appeal To Hear Tiger Asia Case

Date 18/04/2012

The Court of Appeal today granted leave to Tiger Asia Management LLC (Tiger Asia) and three of its officers, Mr Bill Sung Kook Hwang, Mr Raymond Park and Mr William Tomita (collectively the Tiger Asia parties) to take their case to the Court of Final Appeal.

Efama Protects ISIN Data Users In Switzerland

Date 18/04/2012

Efama (the European Fund and Asset Management Association) recalls the EU Commission decision toprotect European ISIN data users under EU competition law. The EU Commission published the public version of the decision of 15.11.2011 on Standard & Poor's (S&P) commitments to terminate the case with respect to its unlawful licensing behaviour towards end users of International Securities IdentificationNumbers (ISINs)(case number 39.592). Efama stresses that this decision is a major victory for theEuropean financial services industry which will save approximately $100 million per annum in ISIN license fees going forward.

Tokyo Grain Exchange: The Starting Price For The Rice October 2012 Contract Month

Date 18/04/2012

The starting price for the October 2012 contract month for rice futures that will begin trading from the day session on April 23, 2012 will be the September 2012 settlement price of the previous trading day with an addition of JPY500.

Shanghai Stock Exchange, Shanghai Securities Regulatory Bureau Co-host Training Class for Guiding Rational Investment

Date 18/04/2012

The Shanghai Stock Exchange (SSE) and the Shanghai Securities Regulatory Bureau (SSRB) jointly held a training class particularly for guiding rational investment yesterday. In attendance were heads of nearly 500 business departments from Shanghai-based securities companies.

Tokyo Grain Exchange: Grading Table For Azuki from November 2012

Date 18/04/2012

The Grading Table for Azuki applicable to the November 2012 Contract Month and Onward Contract Months has now been posted

DTCC Media Statement On CPSS-IOSCO Principles For Financial Market Infrastructure

Date 17/04/2012

The Depository Trust & Clearing Corporation (DTCC) supports CPSS-IOSCO's objectives of mitigating risk in the financial markets and further strengthening financial market infrastructures globally. DTCC commends these organisations in their recent release of guiding principles that are intended to ensure robust standards for the sound operation of our financial systems. DTCC has been fully engaged with CPSS-IOSCO throughout the process to provide comment and has provided substantial feedback on the proposed principles.

IMF/CFP Policy Roundtable On The Future Of Financial Regulation - Opening Remarks By Christine Lagarde Managing Director, International Monetary Fund, Washington DC, April 17, 2012

Date 17/04/2012

Good morning. It’s a pleasure to be here. I would like to welcome you to the IMF for this policy roundtable on the future of financial regulation. I would also like to thank Dean Anand and Professor Lemma Senbet of the Center for Financial Policy at the University of Maryland for their support in co-organizing this event.

Statement Of CFTC Chairman Gary Gensler

Date 17/04/2012

Commodity Futures Trading Commission Chairman Gary Gensler today issued the following statement:

“The recent increase in prices of gas at the pump affect every American family. It is but another reminder that markets need to be transparent, competitive, and free of fraud, manipulation and other abuses. Furthermore, as markets include both hedgers and speculators, it is critical for market integrity that no single speculator is able to obtain an overly concentrated position."

DTCC Releases Report On March And First Quarter Annuity Product Activity

Date 17/04/2012

The Depository Trust & Clearing Corporation (DTCC) Insurance & Retirement Services (I&RS) released today March and first quarter information on activity in the market for annuity products from its award-winning Analytic Reporting for Annuities online information service, which leverages data from the transactions that DTCC processes for the industry. Analytic Reporting for Annuities is a service offering of National Securities Clearing Corporation, a DTCC subsidiary.

CME Group Statement Regarding White House Proposal To Increase Oversight Of Energy Markets

Date 17/04/2012

CME Group, the world's leading and most diverse derivatives exchange, today released the following statement regarding the Administration's proposal to increase oversight of energy markets:

"CME Group agrees that manipulation is detrimental to markets and should be vigorously policed, as is currently being done. However, we caution against mistakenly categorizing speculation as a form of manipulation. Market makers and speculators, serve an important function in the market – allowing energy users and producers to manage oil price risk and providing the necessary liquidity to ensure effective price discovery and more efficient transfer of price risk."