News Centre

Budget Estimates, Opening Statement By ASIC Chair James Shipton, Wednesday, 10 April 2019

Date 10/04/2019

Introduction

Good evening Chair.

On behalf of my colleagues, thank you for the opportunity to appear before this committee.

Along with Deputy Chairs Daniel Crennan QC and Karen Chester, also joining me are Commissioners Danielle Press and John Price.

Commissioners Cathie Armour and Sean Hughes apologise for being unable to appear tonight.

We also have Executive Directors Greg Kirk, Michael Saadat, Tim Mullaly and Warren Day tonight. Our Chief Financial Officer, Emily Hodgson, also joins us.

Tokyo Commodity Exchange March 2019 Market Summary - TOCOM March Daily Volume Averaged 79,276 Contracts, Down 1.3% M-o-M

Date 10/04/2019

The Tokyo Commodity Exchange announced today that March 2019 average daily volume was 79,276 contracts, down 1.3% from February and down 27.0% from March 2018. Volume increased for TOCOM’s largest contracts, such as Gold Standard, which grew 5.8% month-over-month to 33,404 contracts and Platinum Standard increased 21.7% to 14,700 contracts. Meanwhile, Gold Rolling Spot decreased 25.6% to 6,177 contracts, Gold Mini fell 5.8% to 3,250 contracts and Dubai Crude Oil declined 23.8% to 10,076 contracts. 

UK's Financial Conduct Authority: Insurance Firms Failing To Consider Value Of The Products And Services Provided To Consumers

Date 10/04/2019

The Financial Conduct Authority (FCA) is warning General Insurance (GI) firms about manufacturing, sales and distribution approaches that can lead to customers purchasing inappropriate products, paying excessive prices or receiving poor service.

SGX Reports Market Statistics For March 2019

Date 10/04/2019

• Derivatives volume hit record high during first quarter of 2019, reaching daily average volume of more than 1 million contracts per quarter for the first time
• Securities daily average value rose compared to preceding quarter, led by higher turnover in IT and REIT sectors

Shenzhen Stock Exchange: Greater Bay Area Indexes Are Launched To Boost High Quality Development Of GBA

Date 10/04/2019

On April 9, 2019, SZSE's wholly-owned subsidiary Shenzhen Securities Information Co., Ltd. (SSIC) launched the Greater Bay Area Innovation 100 Index (GBA Innovation 100 for short, code: 980001) jointly with the CCID Research Institute of the Ministry of Industry and Information Technology (MIIT) on the ceremony of the 7th China Information Technology Expo, marking the official launch of GBA indexes.

Interview On ISDA Quarterly (April 2019), Ryozo Himino, Vice Minister For International Affairs At The Japanese Financial Services Agency

Date 10/04/2019

Japanese officials have pledged to address market fragmentation during the country’s presidency of the G-20 this year. Ryozo Himino, vice minister for international affairs at the Japanese Financial Services Agency, sets out his vision for reducing fragmentation.

Tokyo Commodity Exchange: Good Delivery Material Price Differential For April 2019 Rubber (RSS) Contract

Date 10/04/2019

The price differential of the Good Delivery material for the April 2019 contract month in the Rubber market has be determined as follows,

Pursuant to the provisions of Article 2.2 of the Rubber Delivery Detailed Rules, the price differential between the Good Delivery materials RSS No.3 and the non-standard grade RSS No.4 for the April 2019 contract month shall be -3.0 yen/kg.

Remarks Of CFTC Commissioner Rostin Behnam At The ISDA 34th Annual General Meeting, Grand Hyatt Hong Kong, Hong Kong, Sowing The Seeds Of Success In 2020

Date 10/04/2019

Thank you for the kind introduction; it is a great pleasure to be here.  I want to thank Eric Litvack, Scott O’Malia, and the International Swaps and Derivatives Association (“ISDA”) for inviting me to join you today.  Before I begin, please allow me to remind you that the views I express today in these remarks and discussion to follow are my own and do not represent the views of the Commodity Futures Trading Commission (the “CFTC” or “Commission”) or my fellow Commissioners. 

The Federal Reserve's Review Of Its Monetary Policy Strategy, Tools, And Communication Practices, Federal Reserve Vice Chair Richard H. Clarida, At The "Fed Listens: Distributional Consequences Of The Cycle And Monetary Policy" Conference Hosted By The Opportunity And Inclusive Growth Institute, Federal Reserve Bank Of Minneapolis, Minneapolis, Minnesota

Date 09/04/2019

I am pleased to attend this Fed Listens event on the distributional consequences of the business cycle and monetary policy. The Opportunity and Inclusive Growth Institute at the Federal Reserve Bank of Minneapolis is a natural venue for discussing this topic in the context of the broad review of our monetary policy framework that we are undertaking this year. In our review, we are examining the policy strategy, tools, and communication practices that the Federal Open Market Committee (FOMC) uses to pursue the Fed's dual-mandate goals of maximum employment and price stability. I will speak this evening about the motivation for and scope of our review. We are bringing open minds to it and are seeking perspectives from a broad range of interested individuals and groups, such as the panel of researchers we heard from this afternoon and the community leaders we will hear from tomorrow. To us, it simply seems like good institutional practice to engage broadly with the public in this review as part of a comprehensive approach to enhanced transparency and accountability.

Basel Committee Issues A Consolidated Version Of Its Standards

Date 09/04/2019

Today the Basel Committee on Banking Supervision launched a new section of its website that sets out a consolidated version of its global standards for the regulation and supervision of banks. The consolidated framework aims to improve the accessibility of the Basel Committee's standards and to promote their consistent global interpretation and implementation.