News Centre

Japan Securities Clearing Corporation Joins Hyperledger Foundation

Date 12/10/2023

This is to notify that Japan Securities Clearing Corporation officially joined Hyperledger Foundation, a not-for-profit-organization founded by The Linux Foundation to drive the development and adoption of blockchain/distributed ledger technology (DLT).

Dubai Financial Services Authority Fines Former CFO Of Listed REIT For Being Knowingly Concerned In Misleading Statements And Accounting Breaches

Date 12/10/2023

The Dubai Financial Services Authority (DFSA) has today published a Decision Notice imposing a penalty of USD 33,220 (AED 122,000) on Mr Remi Ishak.

Monetary Authority Of Singapore MD Ravi Menon Received The Distinguished Leadership And Service Award From The Institute Of International Finance

Date 12/10/2023

Mr Ravi Menon, Managing Director, Monetary Authority of Singapore (MAS), today received the Distinguished Leadership and Service Award from the Institute of International Finance (IIF), in recognition of his contributions to global finance and public service.

SIX Expands Cloud Connectivity With Megaport Through Launch Of SIX Connect

Date 12/10/2023

SIX, the global financial information provider, is leveraging leading Network as a Service provider Megaport to provide customers seamless private access to its data services via any major public cloud provider. The service is available as of today and covers more than 100 cloud regions as well as hundreds of data centers across North America, Europe and Asia Pacific.

Shanghai Gold Exchange Monthly Report Of Data Highlights - September, 2023

Date 12/10/2023

Click here to download Shanghai Gold Exchange's monthly report of data highlights.

Dalian Commodity Exchange Deals With 46 Cases Of Abnormal Trading In September 2023

Date 12/10/2023

Dalian Commodity Exchange (DCE) continues to investigate and handle abnormal trading activities and violations for the purposes of performing front-line market supervision responsibilities, regulating futures trading activities, preventing and mitigating market risks and protecting the legitimate rights and interests of market participants. In September 2023, 46 cases of abnormal trading were investigated and handled.

New Zealand Financial Markets Authority: Vero To Pay $3.9 Million Penalty For Making False And Misleading Representations To Customers About Multi-Policy Discounts

Date 12/10/2023

The Auckland High Court has ordered Vero Insurance New Zealand Limited (Vero) to pay a penalty of $3.9 million for failing to apply multi-policy discounts to customers, following proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko. 

Opening Statement By ASIC Chief Executive Officer, Warren Day At The Senate Financial And Public Administration References Committee Inquiry Into Management And Assurance Of Integrity By Consulting Services, 12 October 2023

Date 12/10/2023

I am pleased to appear before the Committee today and to provide this short opening statement. My name is Warren Day and I’m the Chief Executive Officer of ASIC joining you from Melbourne. I am joined by our General Counsel, Chris Savundra, Executive Director, Greg Yanco, and Senior Executive Leader, Kate Metz in front of you, in Canberra.

‘The Princess And The Pea’: Getting The Basics Right In Insurance - Speech By ASIC Deputy Chair Karen Chester At The Insurance Council Of Australia (ICA) Annual Conference, 12 October 2023

Date 12/10/2023

KEY POINTS

• ASIC is calling for action from insurers across the industry to get the basics right for insurance pricing promises, product design and distribution, and claims handling.
• Getting the basics right first is an important prerequisite for insurers to have the latitude to explore innovative technologies and product design, artificial intelligence, and intelligent automation – which in turn will help them to address structural challenges facing the industry.
• Boards have an important role to play to take whole of business accountability for getting the basics right.

New Zealand Financial Markets Authority: Kiwibank To Pay $812,500 Penalty For Making False And Misleading Representations To Customers

Date 12/10/2023

Kiwibank has been ordered to pay a $812,500 civil penalty at the High Court in Wellington for making false and/or misleading representations to some customers, following proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko.