News Centre

UK Financial Conduct Authority Strengthens Consumer Protection By Speeding Up Removal Of Firms That Do Not Use Their Regulatory Permission

Date 19/05/2022

• Businesses required to prove they are carrying out the regulated activities they are permitted to or face losing this permission
• Failure to take action following two warnings will lead to cancellation of regulatory permission 28 days after the first warning
• New powers support FCA’s ‘use it or lose it’ initiative

Push Technology Appoints Riaz Mohammed As CTO - Push Expands Senior Team To Support Increased Business Momentum

Date 19/05/2022

Push Technology, the pioneer and leader in real-time data streaming and messaging solutions, has announced the appointment of Riaz Mohammed as its new CTO. Riaz has extensive experience in a variety of industries including Banking and Finance, Utilities, Transportation, Automotive, and Government.

Hong Kong Securities And Futures Commission Bans Ho Pak Hay For Life

Date 19/05/2022

The Securities and Futures Commission (SFC) has banned Mr Ho Pak Hay, a former licensed representative of KGI Asia Limited (KGI) and KGI Futures (Hong Kong) Limited (KGI Futures), from re-entering the industry for life.

Financial Institutions’ Demand For Quicker And More Accurate Voice Transcription Is At An All-Time High, Says RegTech Provider SteelEye

Date 19/05/2022

• Most communications surveillance tenders now ask for transcription services, and not just for fixed-line calls but also for MS Teams, Zoom WhatsApp and more
• Increased regulatory scrutiny of communications rules are driving firms to seek faster and more accurate transcription services
• SteelEye has developed an AI-driven Financial Services Transcription Engine in response to this record demand, which is 120x faster with 90%+ accuracy

Press Conference By SUZUKI Shunichi, Japan Minister Of Finance And Minister Of State For Financial Services - Quarterly Disclosures

Date 19/05/2022

[Questions and answers:]

Q.

I would like to ask you about the points on a review of quarterly disclosures that were included in the documents you submitted at the April 12 meeting of the Council of New Form of Capitalism Realization. These indicated a policy of abolishing statutory quarterly reports and integrating these into quarterly earnings reports (kessan tanshin) in the exchanges.  Prime Minister Kishida himself has made a review of quarterly disclosures a pillar of his “new form of capitalism”.  So, I would like to ask you again about the significance of abolishing quarterly reports and integrating them into quarterly earnings reports of the exchanges. How will this contribute to the “new form of capitalism”? Does this rectify short-termism or bias toward shareholder interests?

Shanghai Futures Exchange: Notice On Investigation And Penalties For Violations Of Relevant Rules And Regulations In April 2022

Date 19/05/2022

Shanghai Futures Exchange (hereinafter referred to as “The Exchange”) has been on continuous efforts in investigating and penalizing violations of relevant rules and regulations, so as to strengthen the risk management of the futures market, regulate the futures trading activities and protect the legitimate rights and interests of futures market participants. 

In Collaboration With Dubai Mercantile Exchange: Dubai Financial Market To Launch Trading Of Oman Crude Oil Futures On 1st Of June 2022

Date 19/05/2022

• The Micro Oman Crude Oil Contract enables DFM’s investors’ seamless access to a new asset class for the first time
• The new product will be traded with the support of 3 market makers

Boerse Stuttgart Group Enables flatexDEGIRO Customers To Trade In Cryptocurrencies - flatexDEGIRO Customers Can Easily Trade Cryptocurrencies Via BISON And Use The Custody Services Of Blocknox

Date 19/05/2022

Boerse Stuttgart Group and the leading European online broker flatexDEGIRO enter into a partnership in crypto trading. Customers of flatexDEGIRO in Germany and Austria will have direct access to trading in major cryptocurrencies through their flatex accounts by the end of the third quarter of 2022. To accomplish this, Boerse Stuttgart Group is providing its integrated crypto offer: clients of flatexDEGIRO can trade cryptocurrencies on the BISON retail platform easily and reliably, and use the secure crypto custody service operated by the custodian blocknox – via convenient and direct in-app access from flatex and DEGIRO with an accelerated onboarding process. The partnership is expected to be extended to other European countries.

sfc pay Scales To 8 Million Accounts On Temenos Open Platform - Temenos Open Platform For Composable Banking Enables The Middle East’s Leading Digital Wallet To Scale Efficiently To Meet The Growing Demand For Mobile Digital Banking

Date 19/05/2022

Temenos (SIX: TEMN) today announced that stc pay, the Middle East’s leading digital wallet, is live on Temenos open platform for composable banking. Temenos’ cloud-native platform has supported stc pay to scale efficiently to more than 8 million accounts.

ASIC Warning: Scammers Offering Fake Green Bonds

Date 19/05/2022

• ASIC is alerting investors of the existence of a number of fake green bonds.
• In Australia, green bonds are not directly available to the general public or retail investors. Any website or entity claiming otherwise is a scam.
• Scammers may represent themselves as well-known financial services firms and invite people to invest in fictitious environmentally sustainable green bonds.