News Centre

Statement Of Commissioner Allison Herren Lee On Proxy Voting And Proxy Solicitation Releases, SEC Commissioner Allison Herren Lee, Aug. 21, 2019

Date 21/08/2019

Thank you, Chairman Clayton, and thank you to the staff in both the Division of Investment Management and the Division of Corporation Finance for your work on today’s releases, including Paul Cellupica, David Bartels, Holly Hunter-Ceci, Tara Varghese, David Fredrickson, Tamara Brightwell, Ted Yu, Luna Bloom, Michele Anderson, and Adam Turk.

The Special Issue Of Borsa Istanbul Review On Islamic Finance Has Been Published

Date 21/08/2019

Borsa İstanbul Review, forging ahead to be one of the most prominent journals in finance & economics, is managed by Borsa İstanbul and published quarterly by Elsevier, a world leading academic publishing company. The very first special issue of Borsa Istanbul Review, Volume 19, has been published with the content of Islamic Financial Instruments and Institutions.

SEC Clarifies Investment Advisers’ Proxy Voting Responsibilities And Application Of Proxy Rules To Voting Advice

Date 21/08/2019

The Securities and Exchange Commission today provided guidance to assist investment advisers in fulfilling their proxy voting responsibilities. The guidance discusses, among other matters, the ability of investment advisers to establish a variety of different voting arrangements with their clients and matters they should consider when they use the services of a proxy advisory firm.  In addition, the Commission issued an interpretation that proxy voting advice provided by proxy advisory firms generally constitutes a “solicitation” under the federal proxy rules and provided related guidance about the application of the proxy antifraud rule to proxy voting advice.  Both of these actions explain the Commission’s view of various non-exclusive methods entities can use to comply with existing laws or regulations or how such laws and regulations apply.

EBA Publishes Phase 2 Of Its Technical Package On Reporting Framework 2.9

Date 21/08/2019

The European Banking Authority (EBA) published today a new release of the reporting framework 2.9, which includes the validation rules, the DPM data dictionary and XBRL taxonomies. The update reflects the amendments to the Implementing Technical Standards (ITS) on supervisory reporting related to FINREP and those to the ITS on benchmarking of internal approaches, both published on 16 of July 2019.

Statement At The Open Meeting On Commission Guidance And Interpretation Regarding Proxy Voting And Proxy Voting Advice, SEC Commissioner Elad L. Roisman, Aug. 21, 2019

Date 21/08/2019

Thank you, Chairman Clayton.  I would like to take this opportunity to welcome Commissioner Lee to her first open meeting.  I look forward to working with you and am happy that we will all benefit from your insight and passion for this agency and its mission.

Gavin Bambury Named OANDA CEO

Date 21/08/2019

A global leader in online multi-asset trading services and currency data and analytics, OANDA Global Corporation is pleased to announce the appointment of industry leader Gavin Bambury as Chief Executive Officer, effective Monday 26 August 2019. Based in London, he will also serve as a director on the OANDA Global Corporation Board.

Recession Worries Undercut Commodity Prices, Uncertainty And Fear Of Slowing Aggregate Demand Send Prices Down Again, William May, Senior Economist, IHS Markit

Date 21/08/2019

Commodity prices, as measured by the Materials Price Index, fell another 0.9% last week, as growing recession fears again kept physical users on the sidelines and investors seeking safety in less risky asset classes. The US President’s announcement that some tariffs on Chinese imports would be postponed until December helped limit the retreat, however, with some stability returning to markets by week’s end. Indeed, five of the MPI’s 10 sub-categories posted gains for the week.

Statement On Proxy-Advisor Guidance, SEC Commissioner Robert J. Jackson Jr., Aug. 21, 2019

Date 21/08/2019

I want to begin by expressing my appreciation to Division Directors Dalia Blass and Bill Hinman, and the terrific Staff in the Divisions of Investment Management and Corporation Finance, for their hard work in advance of today’s meeting. I’m also deeply grateful to my colleague Elad Roisman, whose work in this area is an exceptional example of effective, thoughtful leadership.

Computing Technology Product Awards Shortlist Velocimetrics As ‘Best Business Intelligence / Analytics Vendor

Date 21/08/2019

Specialist fintech innovator Velocimetrics has been shortlisted in the ‘Best Business Intelligence / Analytics Vendor’ category by the Computing Technology Product Awards, in recognition of its VMX EndToEnd solution.

Share Of Investors In Financial Instrument Trading On GPW In H1 2019

Date 21/08/2019

• Individual investors generated 13 percent (+1 pps YoY), foreign investors generated 59 percent (+3 pps YoY), and individual investors generated 28 percent (-4 pps YoY) of trading on the GPW Main Market in equities.
• Individual investors remained in the lead on NewConnect as their share in trading increased by 4 pps YoY to 84 percent in H1 2019. The share of institutional investors dropped to 13 percent (-3 pps YoY) and the share of foreign investors dropped by 1 pps to 3 percent.
• Domestic individual investors remained in the lead on the market in futures with a share of 50 percent in H1 2019 (+3 pps YoY). The share of institutional investors (30 percent) dropped by 7 pps while the share of foreign investors increased to 20 percent (+4 pps YoY).