News Centre

DFM Welcomes The Listing Of Orient UNB Takaful

Date 22/06/2017

• Hassan Al Serkal: “The listing enables investors to benefit from Takaful sector’s enormous opportunities growth in line with Dubai’s position as the capital of Islamic economy globally”
• Mohammad Nasr Abdeen: “Orient UNB Takaful will offer a range of innovative products and Sharia compliant financial services and insurance products to the customers”
• Omer Hassan Al Elamin: “The Listing of Orient UNB Takaful in Dubai Financial Market is a step towards achieving its objectives and vision to provide and develop Islamic Takaful products in a way that give more choice to the clients and policy holders”.

Trading 212 Launches The UK’s First Zero Commission Share Trading Service

Date 22/06/2017

• For the first time UK consumers can buy and sell shares for free
• Established stockbrokers are marking up trade execution cost by up to 1000%  
• Average broker fees costing investors an estimated 15% of their investment over 5 years

RSRCHXchange Survey Reveals 85% Of Asset Managers Expect To Comply With MiFID II Rules In Q4 Or Later - Poll Of 562 Asset Managers Reveals That Two Weeks Before The Regulation Enters Law, 54% Of Funds Still Feel They Don’t Have Enough Information On Research Unbundling, Indicating That More Education Needs To Be Done

Date 22/06/2017

RSRCHXchange, the aggregator and marketplace for institutional research, today released headlines from the results of their latest survey analysing the readiness of asset managers for the MiFID II research unbundling rules coming into effect in January 2018. The survey was conducted in Q2 2017 by polling company Survation, who canvassed the views of 562 respondents, representing over 450 firms with AUM ranging from $100bn+ to less than $1bn, making this the biggest survey of its kind. The survey follows a similar poll carried out in Q4 2016.

Kompli-Global’s Technology Will Make Life More Difficult For Money Launderers - Technology Will Make Compliance Easier When Tougher Anti-Money Laundering Laws Come Into Force On June 26th 2017

Date 22/06/2017

Life is about to get tougher for money launderers. One of the new government’s first tasks will be to approve draft regulations to implement EU 4MLD[i]. These new regulations, with their more rigorous approach, apply to banks and other relevant persons[ii]. One of the major changes is the need to thoroughly search for adverse information on potential and existing customers and to evidence this has been done. Carrying out Customer Due Diligence (CDD) manually on entities which are abroad is particularly demanding.   

Semi-Annual Review Of The Nasdaq First North 25 Index - New Portfolio Of The Nasdaq First North 25 Index Will Become Effective On July 3, 2017

Date 22/06/2017

Nasdaq (Nasdaq:NDAQ) announced today the results of the semi-annual review of the Nasdaq First North 25 Index (Nasdaq Stockholm: FN25) which will become effective with the market open on Monday, July 3, 2017.

Tokyo Financial Exchange: Suspension Of Trading Over-Night Call Rate Futures

Date 22/06/2017

TFX decided to suspend trading of Over-Night Call Rate Futures in light of the recent low interest rate environment in the financial markets. The matching of this product will be suspended after the day session (15:30) of July 21th 2017.

Striving To Build Shenzhen Stock Exchange Into An Innovation Capital Formation Center - Speech By Mr. Wang Jianjun, President And CEO Of SZSE, At The 2017 (19th) China Venture Capital & Private Equity Forum, June 17, 2017

Date 22/06/2017

Distinguished guests, ladies and gentlemen,

Good afternoon!

I’m honored to attend the 19th China Venture Capital & Private Equity Forum. Over the past 19 years, the forum has not only been a feast for the exchange and clash of ideas of the venture capital/private equity (VC/PE) industry, but also an investment & financing platform that provides service for innovation and entrepreneurship. To serve and support innovation and entrepreneurship is the mission and responsibility of Shenzhen Stock Exchange (SZSE). Of the nearly 2000 listed companies on the SZSE, more than 70 percent are hi-tech enterprises. Particularly on the ChiNext Market, as many as 93 percent of listed companies are hi-tech businesses. SZSE has become a gathering place of China’s new economy and the ideal listing venue for technological innovation-based enterprises.

CSRC Spokesman On MSCI’s Announcement Of China A-shares Inclusion In MSCI Index

Date 22/06/2017

Q: This Morning (21 June, 2017), MSCI Inc. announced China A-shares inclusion into the MSCI Emerging Markets Index. Any comment from the CSRC? 

A: We commend MSCI for its decision to include China A-shares into MSCI indices. Conforming to global investors' demand for access to China's A-share market, the inclusion manifests their confidence in stable and promising prospects of China's economy and robustness of its financial markets. We have always been welcoming to see it happen. China’s capital markets will surely be more open to global investors.

Market Fragility And Interconnectedness In The Asset Management Industry, Scott W. Bauguess, SEC Acting Director And Acting Chief Economist, DERA, New York, New York, June 20, 2017

Date 22/06/2017

Thank you, Greg [Strassberg], for that kind introduction.

Thanks also to Joanna Rejman, and all of the other conference organizers, for the invitation to speak here today, at this year’s Buy-Side Risk USA 2017, and for all of the preparation required to make an event like this happen. I’m glad to be back and, over the course of the next 20 minutes, I plan to provide an update to some of the thoughts I last shared in April 2016.  Before I begin, let me give the standard disclaimer that the views I express today are my own and do not necessarily reflect the views of the Commission or its staff.

Relationship Between Regulation And Economic Growth, Federal Reserve Governor Jerome H. Powell Before The Committee On Banking, Housing, And Urban Affairs, U.S. Senate, Washington, D.C.

Date 21/06/2017

Chairman Crapo, Ranking Member Brown, and members of the committee, I appreciate the opportunity to testify at today's hearing on the relationship between regulation and economic growth. We need a resilient, well-capitalized, well-regulated financial system that is strong enough to withstand even severe shocks and support economic growth by lending through the economic cycle. The Federal Reserve has approached the post-crisis regulatory and supervisory reforms with that outcome in mind.