News Centre

Hong Kong Securities And Futures Commission Bans Lau Tin Yau For Life

Date 26/10/2021

The Securities and Futures Commission (SFC) has banned Mr Lau Tin Yau, a former relationship manager of Standard Chartered Bank (Hong Kong) Limited (SCBHK) and former execution dealer of UOB Kay Hian (Hong Kong) Limited (UOB) and UOB Kay Hian Futures (Hong Kong) Limited (UOB Futures), from re-entering the industry for life (Note 1).

BIS: Call For Comments On Margining Practices During The March 2020 Market Turmoil

Date 26/10/2021

• Global standard setters invite comments on a consultative report on margin practices and potential further policy work.
• The report presents a data-driven analysis examining margin calls in March and April 2020 and the extent to which market participants were prepared to meet them.
• There was a broad and rapid increase in margin calls across the financial system in March 2020, with an overall increase in centrally cleared initial margin, while non-centrally cleared initial margin remained relatively stable.

M1 Finance Selects The Temenos Banking Cloud To Power Its Finance Super App™ - A Leading US Personal Finance Platform Selects Temenos Technology To Power Its Invest, Borrow And Spend Products For Its Hundreds Of Thousands Of Clients

Date 26/10/2021

Temenos (SIX: TEMN), the banking software company, today announced that M1 Finance, the Finance Super App™, has selected The Temenos Banking Cloud. With Temenos, and through collaboration with a third-party bank, M1 will broaden its suite of financial services to include banking, starting with deposits and payments and eventually expanding into lending.

Tehran Stock Exchange Weekly Market Review 16 October 2021 To 20 October 2021

Date 26/10/2021

Click here to download Tehran Stock Exchange's weekly market review.

The DEFINE Initiative Signs MOU With Underwrite.ai To Explore Machine Learning Based Credit Risk Assessment For MSMEs To Improve Access To Funding

Date 26/10/2021

PNGX Markets, the PNG Digital ICT Cluster, and Emerging Venture Management (“Unkapt”) - together the proponents of the DEFINE Initiative – have signed a Memorandum of Understanding (“MOU”) with SVM Ventures LLC (“underwrite.ai”) of Boston, USA. Together they will develop a machine learning based credit risk assessment framework for specific use in PNG and the Pacific region.  This framework will assist lending institutions to make lending decisions easier and faster for loans to micro, small and medium sized enterprises (MSMEs).

Readout: US Secretary Of The Treasury Janet L. Yellen’s Virtual Meeting With Vice Premier Of China Liu He

Date 26/10/2021

Secretary of the Treasury Janet L. Yellen today held a virtual meeting with Vice Premier of the People’s Republic of China, Liu He. During the conversation, they discussed macroeconomic and financial developments in the United States and China, recognizing that developments in our two economies have important implications for the global economy. Secretary Yellen also frankly raised issues of concern. Secretary Yellen noted that she looks forward to future discussions with Vice Premier Liu.

Securities Commission Malaysia: FinTech To Help Malaysia Build Back Better - Funding Needs Of MSMEs Supported Via ECF And P2P With RM625 Million Raised In H12021

Date 26/10/2021

The Securities Commission Malaysia (SC) today said that fintech could be a key enabler in re-building the Malaysian economy as the country recovers from the pandemic. The regulator also said it would seek to drive greater adoption of digital capability to enhance capital formation efficiencies and increase investor participation in the capital market.

SIFMA Statement On DOL Announcement Of Delay Of PTE Enforcement

Date 25/10/2021

SIFMA released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, today regarding an announcement by the Department of Labor on a temporary delay of the enforcement effective date for Prohibited Transaction Exemption 2020-02:

“We appreciate that the Department recognized the industry needs additional time to comply with Class Exemption 2020-02, and we thank the Department for the relief provided by in the notice issued today.  We will continue to work with the Department on our shared goal of a smooth and effective implementation of this important exemption.”

U.S. Department Of The Treasury Announces Appointment Of Ventris Gibson As Deputy Director Of The U.S. Mint

Date 25/10/2021

Today, the U.S. Department of the Treasury announced the appointment of Ventris Gibson to serve as Deputy Director of the U.S Mint. Ms. Gibson brings decades of senior federal service to the role and is a United States Navy veteran. She will serve as Acting Director, making her the first Black person to head this bureau.

Federal Reserve Board Announces It Will Host A Series Of Diversity And Inclusion Conferences In November

Date 25/10/2021

The Federal Reserve Board announced on Monday that it will host a series of diversity and inclusion conferences in November focused on the experiences that underrepresented groups have as they participate in the economy, the economics profession, central banking, and finance. Federal Reserve Board Chair Jerome H. Powell will provide opening remarks at each event.