News Centre

ASEA And CFA Institute Sign Memorandum Of Understanding To Raise Standards Of Education And Professionalism In The Investment Management Industry

Date 27/06/2017

The African Securities Exchanges Association (ASEA) signed a two year Memorandum of Understanding (MoU) with CFA Institute to increase access to the professional education programs and standards of professionalism within the ASEA community’s jurisdictions.

An Assessment Of Financial Stability In The United States - Speech By Federal Reserve Vice Chairman Stanley Fischer At The IMF Workshop On Financial Surveillance And Communication: Best Practices From Latin America, The Caribbean, And Advanced Economies, Washington, D.C.

Date 27/06/2017

In the years since the start of the global financial crisis, an enormous amount of effort has gone into ensuring that we have a robust financial system that promotes responsible risk taking and an efficient allocation of resources. But despite these efforts, financial stability cannot be taken for granted, for financial decisions that benefit the people who make them can create systemic risk and harm society as a whole. Further, the phenomenon familiar from macroeconomics‑‑and for that matter from life‑‑of decisions that result in short-run happiness and long-run grief is visible also in the area of financial stability. For example, excessive leverage and reliance on short-term funding, which may reward risk takers whose bets pay off, may also increase the risk of fire sales and contagion, creating a fragile financial situation. The disruption in credit intermediation that typically accompanies such episodes can have lasting negative consequences for the real economy and welfare‑‑some of which we are still seeing today. The Federal Reserve's financial stability responsibilities therefore strongly complement its dual-mandate objectives of achieving price stability and full employment.

CFTC Orders Hong Kong-Based Huafu HK Co. Ltd. To Pay $225,000 For Reporting Violations

Date 27/06/2017

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Huafu HK Co. Ltd. (Huafu), a corporation based in Hong Kong, for failing to file CFTC Form 304 reports, reporting its call cotton purchases and sales when it held or controlled at least 100 cotton futures positions. The CFTC previously issued a market Advisory reminding cotton market participants wherever they are located of their ongoing obligation to comply in a timely manner with applicable reporting obligations (see CFTC Staff Advisory No. 13-14, Obligation of Reportable Market Participants to File CFTC Form 304 Reports for Call Cotton in a Timely Manner as Required by Commission Regulation 19.02, May 8, 2013).

Experts Demand End To Illogical Financial Reporting Rules That Exclude $35tn Of Intangible Value

Date 27/06/2017

According to the Brand Finance Global Intangible Finance Tracker (GIFT™), the disclosure of intangible assets remains disappointingly low, with US$35 trillion, or almost three quarters of global intangible value, not reflected in balance sheets in 2016.

TMX Group Selects TCS BaNCS To Power Next Phase Of Business Integration Initiative - Tata Consultancy Services To Provide Canada's Premier Exchange, Depository And Clearing Group With A New Consolidated Technology Platform

Date 27/06/2017

TMX Group today announced the company has chosen Tata Consultancy Services (TCS), (BSE: 532540, NSE:TCS), a leading IT services, consulting and business solutions organization, to implement a single, integrated technology platform for Canada's clearing and settlement businesses. The innovative platform, called TCS BaNCS for Market Infrastructure, will replace the legacy systems deployed by The Canadian Depository for Securities Limited (CDS) and Canadian Derivatives Clearing Corporation (CDCC), subject to regulatory approval where required.

SIFMA Testimony At House Subcommittee Market Structure Hearing

Date 27/06/2017

Today, Jeff Brown, Senior Vice President of Legislative and Regulatory Affairs at The Charles Schwab Corporation gave the following oral statement before the House Financial Services Subcommittee on Capital Markets, Securities and Investments at a hearing entitled “U.S. Equity Market Structure Part I: A Review of the Evolution of Today’s Equity Market Structure and How We Got Here,” with the full written testimony submitted for the record:

IPO Of Vapiano SE In Frankfurt Stock Exchange’s Prime Standard - First Price: 23.95 Euro / Issue Volume Of 184 Million Euros

Date 27/06/2017

Vapiano SE (ISIN: DE000A0WMNK9) has been listed in the Prime Standard at the Frankfurt Stock Exchangeas as of today. The issue volume of the IPO was around €184 million. The first price was €23.95, the issue price €23.00.

SGX To Report FY2017 Results On 27 July

Date 27/06/2017

Singapore Exchange (SGX) is reporting its results for Financial Year 2017 (FY2017) after the market closes on 27 July 2017.

Deutsche Börse Cash Market: New Bond In Scale Segment: Subscription Of Paragon AG Started - The Subscription Of Paragon AG Bond Was Concluded Ahead Of Schedule On The Same Day

Date 27/06/2017

Start of trading at the Frankfurt Stock Exchange scheduled for July 5 / DirectPlace supports the placement of the shares

Vontobel Chooses Clearstream As Partner For Hedge Funds Business

Date 27/06/2017

•  Clearstream to streamline Bank Vontobel’s third-party hedge fund trading and custody business
•  Asset safety and efficiency key concerns for investment fund industry