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Japan's Securities And Exchange Surveillance Commission: Recommendation For Administrative Monetary Penalty Payment Order For Market Manipulation Of 10-Year Japanese Government Bond Futures By Citigroup Global Markets Limited
Date 26/03/2019
1. Contents of the Recommendation
The Securities and Exchange Surveillance Commission today made a recommendation to the Prime Minister and the Commissioner of the Financial Services Agency that an administrative monetary penalty payment order be issued in regard to market manipulation by Citigroup Global Markets Limited (“CGML”) pursuant to Article 20(1) of the Act for Establishment of the Financial Services Agency. This recommendation is based on the findings of an investigation into market manipulation, whereby the following violation of laws and ordinances was identified.
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Emirates Development Bank Rings Market-Opening Bell To Celebrate Listing Of USD 750 Million Bond On Nasdaq Dubai - Capital Raised Supports Bank’s Mission To Contribute To UAE’s Prosperity - EDB Is First UAE Federal Entity To Issue A Bond
Date 26/03/2019
The newly appointed Chief Executive Officer of Emirates Development Bank (EDB), Mr. Faisal Aqil Al Bastaki, rang the market-opening bell today to celebrate the listing of a 750 million US dollar conventional bond on Nasdaq Dubai.
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UK Financial Conduct Authority Acts To Help Mortgage Prisoners
Date 26/03/2019
Mortgage customers who have previously been unable to switch mortgages despite being up-to-date with their payments (commonly known as mortgage prisoners), could soon be able to find a cheaper deal after the Financial Conduct Authority (FCA) proposed changes to how lenders assess whether or not a customer can afford the loan.
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Shenzhen Stock Exchange And The China Capital Market Institute Jointly Hold The First Training For Financial Media Of The Capital Market In 2019
Date 26/03/2019
From March 20 to 22, SZSE and China Capital Market Institute (hereinafter referred to as the Institute) jointly organized this training. Senior experts from CSRC, SZSE, and market organizations gave lectures. More than 50 representatives from 27 media (including central media, professional financial media and new media) attended the training. This is a powerful measure to implement CSRC's "Four Must" and "One Joint Force" requirements and strengthen media training, exchanges and cooperation. It is also an important part of improving the market communication mechanism and building good public opinion ecology for the capital market. Representatives of SZSE and the Institute attended the opening ceremony and delivered speeches.
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CFTC Finalizes Rule To Help US Small Businesses And Job Creators
Date 25/03/2019
The Commodity Futures Trading Commission (CFTC) today in an open meeting of the Commission adopted the final rule for the de minimis exception for swaps entered into by Insured Depository Institutions (IDIs) in connection with loans to customers.
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New Zealand's Financial Markets Authority Publishes Guide To Shares For Investors
Date 25/03/2019
The FMA has published a guide for investors on the nuts and bolts of choosing, buying, owning and selling shares.
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What Does The Future Hold For Securities Lending? By Matt Wolfe, OCC Vice President Of Business Development, March 25, 2019
Date 25/03/2019
Strong personal relationships have always been a cornerstone of the securities lending marketplace. Market participants focus on developing a broad, reliable network of relationships, so they can be the first lender borrowers contact in the morning, or the first borrower to be offered hard-to-borrow securities by a lender. While strong relationships will always be important, there is a growing emphasis on data collection. Decisions are being influenced by data analytics. In my view, the future of securities lending will be data-driven and the leaders will be those that make the most effective use of data.
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Opening Statement Of CFTC Commissioner Dawn D. Stump Before The Commission Meeting
Date 25/03/2019
Thank you to the Chairman for calling this open meeting and to the staff for their diligence in preparing the items we will consider today. I have just returned from a trip to Europe where I was visiting our regulatory counterparts across various jurisdictions and many market participants and market infrastructure providers who operate truly global businesses. That trip reinforced my belief that every jurisdiction, including the US, needs to recommit to the global coordination envisioned at the Pittsburg G-20 Summit in 2009, when global leaders committed to work together to improve the system. The alternative of duplicative supervision creates a new web of regulatory vulnerabilities and serves to complicate, not improve, the intended benefits of the recent reforms.
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SEC Names Jeffrey Dinwoodie Senior Counsel And Policy Advisor For Market And Activities-Based Risk
Date 25/03/2019
The Securities and Exchange Commission today announced that Jeffrey T. Dinwoodie has been appointed Senior Counsel and Policy Advisor for Market and Activities-Based Risk. Chairman Jay Clayton has created this senior officer position to manage and coordinate the agency’s efforts to identify, monitor and respond to market risks—including activities-based risks—affecting the U.S. capital markets. Mr. Dinwoodie will serve as the Chairman’s Deputy Representative to the Financial Stability Oversight Council (FSOC) and as a primary liaison with respect to these matters to other federal regulatory agencies and international organizations. He will report directly to Chairman Clayton and will work closely with staff across the agency, including in the Divisions of Trading and Markets, Investment Management, and Economic and Risk Analysis, and the Office of Compliance Inspections and Examinations, among others.
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Opening Statement Of CFTC Commissioner Brian Quintenz Before The Open Commission Meeting On March 25, 2019
Date 25/03/2019
Open Meeting on Interim Final Rule Regarding Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants in Light of Brexit; and Final Rule Regarding the De Minimis Exception to the Swap Dealer Definition – Swaps Entered into by Insured Depository Institutions in Connection with Loans to Customers
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