News Centre

New Zealand Financial Markets Authority’s Fifth Statistical Report On AFAs In NZ

Date 21/06/2019

The Financial Markets Authority’s annual snapshot of Authorised Financial Advisers shows 140 advisers became AFAs in the year to the end of June 2018. That’s the highest number of new AFAs in the three years the FMA has broken down advisers being authorised and those whose authorisation lapses.

ASIC Reports On Decisions To Cut Red Tape – October 2018 To March 2019

Date 21/06/2019

ASIC has helped the law work better for business by granting over 700 applications for relief between 1 October 2018 and 31 March 2019.

CFTC: Giancarlo Statement On Basel Committee Agreement

Date 21/06/2019

Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo issued the following statement regarding the recommendation by the Basel Committee on Banking Supervision to exclude initial margin from the leverage ratio.

UK Financial Conduct Authority Responds To Treasury Committee’s Consumers’ Access To Financial Services Report

Date 21/06/2019

The Treasury Committee published its Consumers’ Access to Financial Services report on 13 May 2019.

FINRA: Financial Prosperity Eludes Many Americans Despite Growing Economy And Declining Unemployment - National Comprehensive Survey Of Financial Capability Finds Younger Americans, Those With Lower Incomes, African-Americans And Those Without A College Degree Facing Toughest Financial Struggles

Date 20/06/2019

As the gap between the Haves and the Have-nots continues to widen, cash-strapped Americans are failing to save money, struggling with student loan debt and facing decreasing financial literacy, despite economic growth and declining unemployment over the past 10 years, according to new research from the FINRA Investor Education Foundation (FINRA Foundation). The study, “The State of U.S. Financial Capability,” finds that key indicators of financial capability are no longer improving in step with the economy.

SEC Wins Jury Trial Against Broker Charged With Defrauding Customers - Broker’s Partner Settled On The Eve Of Trial To A Final Judgment With Admissions

Date 20/06/2019

Jurors in Manhattan federal court today returned a verdict in the Securities and Exchange Commission’s favor against a broker who was charged in January 2017 with fraud for excessively trading customer accounts using a trading scheme that generated hefty commissions for the broker but significant losses for his customers. A second broker, also charged in the same complaint for engaging in the same fraudulent practices, admitted to his misconduct and settled with the SEC on the eve of trial.

Mansion House Dinner Speech 2019 - Philip Hammond - The UK Chancellor's 2019 Mansion House Dinner Speech, Delivered On 20 June 2019

Date 20/06/2019

My Lord Mayor, Excellencies, Lords, distinguished guests, Ladies and Gentlemen,

It is a pleasure to be back here, in the magnificent setting of the Mansion House.

Monetary Easing At A Crossroads - Comments By Riccardo Rebonato, Professor Of Finance, EDHEC-Risk Institute, On FOMC & FED's Meeting

Date 20/06/2019

Riccardo Rebonato, Professor of Finance, EDHEC-Risk Institute, EDHEC Business School is specialist in interest rate risk modelling with applications to bond portfolio management and fixed-income derivatives pricing. He comments on yesterday FOMC & FED's meeting minutes.

SEC Charges Intelligence Communications Company And Top Executives With Defrauding Merger Investors

Date 20/06/2019

The SEC has charged Ability Inc., an Israel-based intelligence communications company, its wholly-owned subsidiary, and two of its top executives with defrauding shareholders of a Florida-based special purpose acquisition company (SPAC), a company formed to raise capital for a merger or acquisition within a set timeframe.

Enable, Empower, Ensure: A New Finance For The New Economy - Speech By Bank Of England Governor, Mark Carney, Speech Delivered At The Mansion House Bankers’ And Merchants’ Dinner, London At 21:00

Date 20/06/2019

At his annual Mansion House speech, the Governor outlined the findings of Huw van Steenis’ report into the future of finance and set out how the Bank will respond to this.