News Centre

Don't Throw The DICE Out With The Consultants' Advice: EDHEC-Risk Climate Impact Institute

Date 22/11/2023

EDHEC-Risk Climate Impact Institute newly released research confirms the misleading nature of climate-risk advice given to pension funds; points to flawed use of models and a failure to communicate uncertainty; warns that both markets and investors are underestimating potential climate damages.

Saudi Exchange Participates In Middle East Investor Relations Association (MEIRA) Annual Conference And Awards

Date 22/11/2023

The Saudi Exchange recently participated in the Middle East Investor Relations Association (MEIRA) Annual Conference and Awards – MEIRA 2023: From ESG to Sustainable Capital Markets. Held on 13th November in Manama, the conference was this year hosted by Bahrain Bourse and in partnership with the Central Bank of Bahrain.

HPS Tops The Leaderboard For Product Features In Latest Global Payments Vendor Guide

Date 22/11/2023

HPS, the leading global provider of payment solutions and services, today announces it has been awarded a top three placement in the latest global vendor guide by Datos Insights.

DORA Set To Drive Significant Change In Sell-Side Third Party Risk Management: Acuiti Study

Date 22/11/2023

Firms across the sell-side are making significant changes to how they approach third-party risk management to meet the requirements of the EU’s Digital Operational Resilience Act (DORA), a new study from Acuiti has found. 

Dalian Commodity Exchange Extends Last Trading Day For Options Contracts

Date 22/11/2023

In an effort to further enhance the functionality of the options market and better meet the market’s demand for using options tools in risk management, Dalian Commodity Exchange (DCE) announced on November 17th to extend the last trading day of 13 listed options products. According to the announcement, the last trading day of 13 listed options products, including soybean meal, corn, iron ore, will be extended from “the 5th trading day of the month before the delivery month of the underlying futures contract (the month before the delivery month)” to “the 12th trading day of the month before the delivery month of the underlying futures contract.” This revised rule will come into effect for the options contracts corresponding to futures contracts M2501, C2501, I2501, PG2501, L2501, V2501, PP2501, P2501, A2501, B2501, Y2501, EG2501, and EB2501.

Hong Kong Securities And Futures Commission Commences Legal Proceedings Against First Credit Finance Group Limited, Its Former Directors And De Facto Director

Date 22/11/2023

The Securities and Futures Commission (SFC) has commenced legal proceedings under section 214 of the Securities and Futures Ordinance (SFO) in the Court of First Instance to seek disqualification orders against five former directors and a former de facto director of First Credit Finance Group Limited (First Credit) for allegedly breaching their fiduciary duties.

INE Has Released Its Announcement On The Release Of The Revised Information Management Rules Of The Shanghai International Energy Exchange

Date 22/11/2023

Shanghai International Energy Exchange has released its Circular on the Revised Information Management Rules of the Shanghai International Energy Exchange, as shown below:

ASIC Annual Forum 2023: Retirement Income Covenant: One Year On

Date 22/11/2023

KEY POINTS

• This article follows a session on the impact of the retirement income covenant on the superannuation industry at the 2023 ASIC Annual Forum in Melbourne.
• The covenant requires trustees to develop a retirement income strategy to improve long-term outcomes for members in or approaching retirement.
• Protecting consumers as they plan and make decisions for retirement is a strategic priority for ASIC. However, a year after the introduction of the covenant, ASIC and the Australian Prudential Regulation Authority (APRA) conducted a joint review which found that more progress was needed to implement it.

Hong Kong Securities And Futures Commission Reprimands And Fines Lion Futures Limited $2.8 Million For Regulatory Breaches

Date 22/11/2023

The Securities and Futures Commission (SFC) has reprimanded and fined Lion Futures Limited (LFL) $2.8 million for failures in complying with anti-money laundering and counter-terrorist financing (AML/CFT) and other regulatory requirements between May 2017 and July 2019.

ASIC Annual Forum 2023: Disruption By Natural Disasters

Date 22/11/2023

KEY POINTS

• This article follows a session on the impact of increased natural disasters on insurers and their customers at the 2023 ASIC Annual Forum in Melbourne.
• ASIC has identified three areas of improvement across the insurance sector, needed to ensure good consumer outcomes - making good on pricing promises, better claims handling practices and strengthened product design and distribution.
• At a time when extreme weather events are becoming more frequent, insurers need to adapt to ensure they can balance the need for affordable, quality products with sustainable business models.