News Centre

Announcement On Adjusting Release Time Of Shanghai Stock Exchange STAR Market 50 Component Index

Date 17/10/2019

In order to further optimize index compilation and release, upon study, the release of SSE STAR Market 50 Component Index is postponed. Its release time will be subject to further notice.

New Frontiers In Regulation - Opening Statement By ASIC Chair, James Shipton, At The CFA Societies Australia Investment Conference, Sydney, 17 October 2019

Date 17/10/2019

Introduction

Good morning everyone.

Today I will briefly speak about the important concept of 'Other People’s Money' and ASIC’s strategic priorities, particularly our multi-dimensional and multi-disciplinary approach to regulation.

Shanghai Stock Exchange Amends, Optimizes Rules On Disciplinary Sanction, Review & Hearing

Date 17/10/2019

Recently, the Shanghai Stock Exchange (SSE) has amended the “SSE Implementation Methods on Review” (the Review Methods for short), the “SSE Implementation Methods on Disciplinary Sanction and Regulatory Measures” (the Disciplinary Sanction Methods for short) and the “SSE Detailed Rules on Implementation for Hearing of Self-regulatory Management” (the Hearing Rules), which shall come into force after being released on October 11, 2019.

ASIC Annual Report For 2018-19

Date 17/10/2019

ASIC’s Annual Report for the 2018-19 financial year has been tabled today in the Australian Parliament.

CFTC Approves Two Proposed Rules At October 16 Open Meeting

Date 16/10/2019

At an open meeting today, the U.S. Commodity Futures Trading Commission voted to approve two proposed rules.

Federal Reserve Board Announces Inaugural 21 Members Of The Insurance Policy Advisory Committee

Date 16/10/2019

The Federal Reserve Board on Wednesday announced the inaugural 21 members of the Insurance Policy Advisory Committee (IPAC). The IPAC provides information, advice, and recommendations to the Federal Reserve Board on domestic and international insurance issues, including negotiations at the International Association of Insurance Supervisors (IAIS).

SEC Charges 18 Traders In $31 Million Stock Manipulation Scheme

Date 16/10/2019

The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against 18 traders in a scheme to manipulate more than 3,000 U.S.-listed securities for over $31 million in illicit profits.

CFTC Charges Nevada Company And Its Owner In $11 Million Cryptocurrency Fraud And Misappropriation Scheme - Federal Court Issues Restraining Order Against Defendants

Date 16/10/2019

The U.S. Commodity Futures Trading Commission today announced the filing of a civil enforcement action in the U.S. District Court for the District of Nevada, charging David Gilbert Saffron of Las Vegas, Nevada and Circle Society, Corp., a Nevada corporation, with fraudulent solicitation, misappropriation, and registration violations relating to an $11 million binary options scheme Saffron operated through Circle Society.  The complaint was filed on Monday, September 30, 2019.

Digital Currencies, Stablecoins, And The Evolving Payments Landscape, Federal Reserve Governor Lael Brainard, At The Future Of Money In The Digital Age, Sponsored By The Peterson Institute For International Economics And Princeton University’s Bendheim Center For Finance, Washington, D.C.

Date 16/10/2019

Technology is driving rapid change in the way we make payments and in the concept of "money." There is a long history of technological advances challenging the prevailing notions of money, from the trading of coins to the use of paper currency, to the electronic debiting and crediting of funds on the accounts of banks. Today, efforts by global stablecoin networks such as Facebook's Libra to establish the next chapter in the story of money are raising threshold questions about legal and regulatory safeguards, financial stability, and monetary policy. Because of its potential global reach, Facebook's Libra imparts urgency to the debate over what form money can take, who or what can issue it, and how payments can be recorded and settled.

During National Business Women’s Week, New York Governor Cuomo Announces Committee For The Advancement Of Women In Leadership In Financial Services - Sub-Committee Of Governor’s Council On Women And Girls Will Be Co-Led By Secretary To The Governor Melissa DeRosa And DFS Superintendent Linda A. Lacewell - Will Provide Expertise On Ways To Improve The Representation And Advancement Of Women, Including Women Of Color, In Financial Services Leadership Roles

Date 16/10/2019

During National Business Women's Week, Governor Andrew M. Cuomo today announced the formation of the state’s first-ever women’s committee to address the representation and advancement of women in the financial services industry and to identify the hurdles and obstacles to increasing the number of women in leadership roles, including promoting diverse women. The committee will serve as a sub-committee of Governor Cuomo’s Council on Women and Girls, and will be co-chaired by Secretary to the Governor Melissa DeRosa and Financial Services Superintendent Linda A. Lacewell.