News Centre

ASIC Reports On Australian Bank Audits Following Wells Fargo Misconduct

Date 01/08/2017

ASIC today outlined the results of audits conducted by eight banks in Australia following the regulatory action taken in the United States against Wells Fargo Bank, N.A. (Wells Fargo) in late 2016. Overall, the audits did not find evidence of systemic misconduct involving illegal opening of accounts as seen at Wells Fargo.

Monetary Authority Of Singapore Clarifies Regulatory Position On The Offer Of Digital Tokens In Singapore

Date 01/08/2017

The Monetary Authority of Singapore (MAS) clarified today that the offer or issue of digital tokens in Singapore will be regulated by MAS if the digital tokens constitute products regulated under the Securities and Futures Act (Cap. 289) (SFA). MAS’ clarification comes in the wake of a recent increase in the number of initial coin (or token) offerings (ICOs) in Singapore as a means of raising funds.

ASIC Targets Unlicensed Binary Option Mobile Apps

Date 01/08/2017

In March 2017, ASIC conducted a review of various mobile app stores focusing on apps associated with binary options trading.

In A Sign Of Confidence In The Qatari Bourse Foreign Investment Portfolios Opens More Than 50 Trading Accounts

Date 01/08/2017

In a sign of confidence in the Qatari stock market, more than 50 foreign investment portfolios have opened new accounts in just one week to trade in the shares of the companies listed on Qatar Stock Exchange.

Tokyo Commodity Exchange: Final Settlement Prices Of Cash-Settled Oil Futures July 2017 Contracts

Date 01/08/2017

Final settlement prices for cash-settled oil futures July 2017 contracts are as follows:

Tokyo Commodity Exchange: Periodic Review Of ”Top 10 Volume By Member”

Date 01/08/2017

TOCOM publishes the “Top 10 Volume by Member” report, which contains information on the members holding 10 largest trade volumes, with the name of each member and the number of trade volume (the total of buy and sell transactions) for each commodity. When there are 10 or less members trading certain commodity, other than those belonging to the Agricultural Product & Sugar Market, all the names and trade volume of participating members in that commodity are to be disclosed, which might make it possible to speculate such members’ and their customers’ positions and trading patterns. As such, TOCOM will not publish the report regarding the following commodities from the clearing period of August 1, 2017.

Nasdaq Files Form 8-K Announcing Director Election

Date 01/08/2017

On July 31, 2017, Nasdaq, Inc. filed a Form 8-K with the U.S. Securities & Exchange Commission announcing the election of John D. Rainey to its board of directors.  Nasdaq’s board of directors has determined that Mr. Rainey is an “independent director.”

SEC Files Charges To Stop Fraudulent Misuse Of Cancer-Fighting Investments To Fund Restaurant Businesses

Date 31/07/2017

The Securities and Exchange Commission today filed charges to stop an alleged ongoing fraud by a Massachusetts businessman misusing investments intended for the development of cancer diagnostic tests to instead pay personal expenses and fund his fiancée’s restaurant businesses. 

S&P Dow Jones Indices Europe Index Dashboard

Date 31/07/2017

• In a mixed month for European equity investors, the S&P Europe 350® declined. This occurred despite Eurozone economic confidence reaching its highest level for a decade. 
• The S&P Europe 350 Industrials sector fell after news that the EU antitrust authorities were looking into allegations of collusion among several German car manufacturers. 
• Greece’s first sovereign bond issuance since 2014 was well received by market participants; nearly all of our European fixed income indices rose this month.

Economy Statement For The Treasury Borrowing Advisory Committee Of The Securities Industry And Financial Markets Association

Date 31/07/2017

The U.S economy accelerated in the second quarter of 2017, recouping momentum temporarily lost in the first quarter.  Real GDP growth picked up to an annual rate of 2.6 percent, more than double the 1.2 percent rate seen in the first quarter of the year.  Personal consumption expenditures, generally the most significant driver of overall economic activity, stepped up noticeably in the second quarter and non-residential fixed investment continued to expand.  Although residential investment declined after the previous quarter’s double-digit advance, net exports made another positive, if small, contribution to growth, and inventory accumulation had a neutral impact.  Total government spending grew in the second quarter, as a strong increase in federal outlays more than offset a small decline in state and local spending.  Labor market conditions remained healthy, as the monthly pace of payroll employment accelerated in the latest quarter and the labor force participation rate trended higher.  In June 2017, the unemployment rate stood at 4.4 percent, just above the sixteen-year low reached in May and well below the pre-recession norm of 5.3 percent.  Economic fundamentals remain solid and suggest growth will continue at a steady pace through the remainder of this year.