News Centre

ETD Clearing Fees On The Rise While Revenues Rebound - Latest Acuiti Survey Finds Some FCMs Are Raising Fees For Clearing Exchange Traded Derivatives As Risk Is Repriced And Rates Turn Negative

Date 15/07/2020

Some FCMs are raising fees for exchange traded derivatives clearing, bucking a long-standing trend towards declining prices and reflecting a new normal in derivatives markets.

LuxSE appoints Laetitia Hamon As Head Of Sustainable Finance

Date 15/07/2020

The Luxembourg Stock Exchange (LuxSE) today announced the appointment of Laetitia Hamon as the company’s Head of Sustainable Finance. As from 15 July, the sustainability expert will take the reins of LuxSE’s sustainable finance team and the company’s renowned platform for sustainable securities, the Luxembourg Green Exchange (LGX).

BNP Paribas Asset Management Launches Innovative Environment-Themed Long/Short Equity Fund

Date 15/07/2020

BNP Paribas Asset Management (‘BNPP AM’) announces the launch of BNP Paribas Environmental Absolute Return Thematic fund (‘EARTH’), an equity long/short alternative UCITS strategy that seeks to identify opportunities among those companies that are facing or addressing significant environmental challenges.

SIX Exchange Regulation AG: Sanction Proposal Against The Native SA

Date 15/07/2020

SIX Exchange Regulation AG (SER) has submitted a request for a sanction to the Sanctions Commission of SIX Group against The Native SA concerning alleged violations of the applicable accounting standards Swiss GAAP FER in the 2017 annual and 2018 interim financial statements.

Parliamentary Joint Committee On Corporations And Financial Services - Opening Statement - 15 July 2020 - Opening Statement By ASIC Chair, James Shipton At The Parliamentary Joint Committee On Corporations And Financial Services, Oversight Of ASIC, The Takeovers Panel And The Corporations Legislation No.1 Of The 46th Parliament, Public Hearing, Wednesday 15 July 2020, Parliament House, Canberra

Date 15/07/2020

Introduction

Good morning Chair and Committee members.

Representing ASIC today are: Deputy Chairs Dan Crennan and Karen Chester; Commissioners Cathie Armour, Danielle Press and Sean Hughes; and Executive Director, Assessment and Intelligence, Warren Day.

Update: CFTC Sanctions Two Firms Offering Digital Asset-Based Swaps For Illegal Off-Exchange Trading And Registration Violations

Date 14/07/2020

The Commodity Futures Trading Commission today issued an order filing and settling charges against respondents Plutus Financial, Inc. d/b/a Abra of California, and Plutus Technologies Philippines Corp. d/b/a Abra International of the Philippines for entering into illegal off-exchange swaps in digital assets and foreign currency with U.S. and overseas customers and registration violations. This case was brought in connection with the Division of Enforcement’s Digital Asset Task Force.

Remarks At The Emerging Markets Roundtable, SEC Commissioner Hester M. Peirce, July 9, 2020

Date 14/07/2020

Thank you, Chairman Clayton.  I am looking forward to today’s discussion on emerging markets.  I approach this topic the same way I approach other issues on the Commission’s agenda.  First, it is important to ensure that investors are able to build portfolios that achieve their objectives and manage risk.  In other words, we should seek to maximize investors’ opportunities so that they can choose the ones that work for them.  Second, it is important to ensure that investors get the information they need to understand those investment opportunities and the associated risks.  A necessary corollary of this is that they do not get misinformation.  Among other things, investors should know what standards apply to companies in which they are considering investing and when a jurisdiction in which they are considering investing is characterized by oversight or transparency challenges.  Investors should know, for example, whether the Public Company Accounting Oversight Board (PCAOB) is able to conduct inspections of the auditors of US-listed companies with operations in China.  Third, when we decide regulatory action is necessary to solve a problem, we should strive to minimize the costs it imposes.

US Financial Stability Oversight Council Meeting, Tuesday, July 14, 2020

Date 14/07/2020

On Tuesday, July 14, Secretary Mnuchin presided over a meeting of the Financial Stability Oversight Council (Council) at the Treasury Department.

SEC Issues $3.8 Million Whistleblower Award

Date 14/07/2020

The Securities and Exchange Commission today announced a $3.8 million award to a whistleblower who provided significant information that helped the SEC disrupt an ongoing fraudulent scheme.  The resulting enforcement action returned millions of dollars to harmed investors.

Statement By The IMF Managing Director On Ukraine

Date 14/07/2020

Ms. Kristalina Georgieva, the Managing Director of International Monetary Fund (IMF), made the following statement on Ukraine today:

“I had an open discussion today with President Volodymyr Zelenskyy on concerns about the pressures being put on the National Bank of Ukraine (NBU).

“The reform of the NBU and its performance over the past five years is a clear success story for Ukraine. An independent central bank helps macroeconomic stability, supports investors’ confidence, and protects the financial system—all crucial preconditions for investment and growth. The credible policy actions of the NBU have been instrumental in stabilizing the economy. The successful clean-up of the financial sector – which was ravaged by fraud – is also credit to the supervisory work of the NBU."