News Centre

Interest Rate Benchmark Reform: Transition To A World Without LIBOR - Speech By Andrew Bailey, Chief Executive Of The FCA, At Bloomberg, London - On Transitioning From LIBOR To Alternative Interest Rate Benchmarks

Date 12/07/2018

Highlights

• Why firms need to end their reliance on LIBOR by end-2021.
• Why overnight risk-free rates (RFRs) are the right foundation for interest rate markets.
• The progress made on transition to these overnight risk-free rates and the work that remains to be done.

More Than 1,300 ETFs On Xetra - iShares Lists New Bond ETF With Investment-Grade Government Bonds And Equity ETF With A Focus On Sustainability - 115 Listings Since January

Date 12/07/2018

With the two new iShares ETFs launched on Xetra and Börse Frankfurt today, the number of products listed in the ETF segment of Deutsche Börse has exceeded the 1,300 mark for the first time. Since the beginning of the year alone, there have been 115 new listings.

SGX Welcomes Futu Securities International (Hong Kong) Limited As Securities Trading Member

Date 12/07/2018

Singapore Exchange (SGX) today welcomed Hong Kong-based brokerage firm, Futu Securities International (Hong Kong) Limited, to its securities market as a trading member.

ESMA Reminds UK-Based Regulated Entities About Timely Submission Of Authorisation Applications

Date 12/07/2018

The European Securities and Markets Authority (ESMA) is issuing this Public Statement in order to raise the awareness of all market participants on the importance to prepare for the possibility of no agreement in the context of the United Kingdom withdrawing from the European Union. As there is no assurance that a transition period will be agreed upon, entities need to consider the scenario where a hard Brexit would take place on 30 March 2019.

FSB Issues Statement On Reforms To Interest Rate Benchmarks

Date 12/07/2018

The Financial Stability Board (FSB) has today published a statement on reforms to interbank offered rates (IBORs) and the development of overnight risk-free, or nearly risk-free, rates (RFRs) and term rates. The statement is intended to provide market participants and other stakeholders with the FSB’s views ahead of a forthcoming consultation by the International Swaps and Derivatives Association (ISDA) which contemplates fall backs for certain derivative contracts based on overnight RFRs.

Torstone Announces Global Agreement With ITI Capital

Date 12/07/2018

Torstone Technology, a leading provider of post-trade securities and derivatives processing, today announces that ITI Capital, the brokerage and investment house for institutional investors and private clients, offering multi-asset agency execution services, has signed a multi-year agreement to utilise Torstone’s award-winning post-trade processing platform, Inferno.

SaxoSelect Sees 43% Increase In Quarterly Inflows For Growth Portfolios - The SaxoSelect Portfolio Range Aum Is Up 100% Compared To The Same Period Last Year

Date 12/07/2018

SaxoSelect, the fully digital and automated investment service that enables clients of Saxo Bank to invest in pre-selected portfolios, has today reported that its growth and risk-on managed portfolios have seen a 43% increase in net capital flows in Q2.

DBS And SGX Launch Customised Investment Education Programme For Budding Investors - “FLY With DBS And SGX: Financial Literacy For You” Is A Three-Year Collaboration That Aims To Educate DBS Customers On Effective Financial Planning

Date 12/07/2018

In response to demand for investor education across different investor profiles and financial proficiencies, DBS Bank and Singapore Exchange (SGX) today announced a three-year collaboration to provide retail investors with the knowledge, skills and tools to aid financial decision-making and kick-start their investment journey.

New Zealand's Financial Markets Authority: Investors Show Mixed Levels Of Understanding While Confidence In Financial Markets Remains Stable

Date 12/07/2018

Confidence in New Zealand’s financial markets has remained stable since 2017, despite uncertainty around a potential trade war, volatile global markets and a focus on the culture and conduct of major financial institutions in Australia and New Zealand.

US Department Of Justice, Bureau Of Consumer Financial Protection, U.S. Securities And Exchange Commission, Federal Trade Commission Announce Task Force On Market Integrity And Consumer Fraud

Date 11/07/2018

Deputy Attorney General Rod Rosenstein today announced the establishment of a new Task Force on Market Integrity and Consumer Fraud.  The Task Force, which is formed pursuant to Presidential Executive Order, will provide guidance for the investigation and prosecution of cases involving fraud on the government, the financial markets, and consumers, including cyber-fraud and other fraud targeting the elderly, service members and veterans, and other members of the public; procurement and grant fraud; securities and commodities fraud, as well as other corporate fraud, with particular attention to fraud affecting the general public; digital currency fraud; money laundering, including the recovery of proceeds; health care fraud; tax fraud; and other financial crimes.