News Centre

The Shenzhen Stock Exchange Revised Interest-bearing Method For Repo Transaction

Date 21/04/2017

The volatility of pledge-style repo rates has increasingly become a market concern as turnover of repo transactions (repo) increases along with the constant expansion of the exchange bond market in recent years. In order to further enhance the interest-bearing mechanism for repo, smooth out volatility of repo rates and solve the “holiday effect” problem, Shenzhen Stock Exchange (SZSE) has recently amended the SZSE Detailed Rules for the Implementation of Bond Trading by changing the number of the interest-bearing days for the repurchase price from nominal days to the actual days of funds outstanding. The repurchase price for repos entered into before that date will still be calculated according to the former formula.

Closure Of Bursa Malaysia In Conjunction With Installation Of Yang Di-Pertuan Agong

Date 21/04/2017

Bursa Malaysia Berhad and its subsidiaries will be closed on Monday, 24 April 2017, in conjunction with the installation of Sultan Muhammad V as Malaysia’s 15th Yang di-Pertuan Agong.

Launch Of ASX 100 Cyber Health Check Report

Date 21/04/2017

The ASX 100 Cyber Health Check Report was launched today by the Minister Assisting the Prime Minister for Cyber Security, The Hon Dan Tehan MP, at a ceremony in Sydney hosted by ASX Chairman Rick Holliday and also featuring ASIC Commissioner Cathie Armour.

Hong Kong's Securities And Futures Commission Bans Daniel Chen Chi Lik For Life

Date 21/04/2017

The Securities and Futures Commission (SFC) has banned Mr Daniel Chen Chi Lik, a former staff of Bank of China (Hong Kong) Limited (BOCHK), from re-entering the industry for life following his conviction for theft by the Eastern Magistrates’ Court in October 2016.

ASIC Signs Fintech Cooperation Agreement With OJK To Promote Innovation In Financial Service

Date 21/04/2017

The Australian Securities and Investments Commission (ASIC) and Indonesia's Otoritas Jasa Keuangan (OJK) have entered a Cooperation Agreement to promote innovation in financial services in their respective markets.

Saudi Stock Exchange: Amending The Instructions Related To The Announcements Of Listed Companies

Date 21/04/2017

Further to the CMA efforts to enhance and develop disclosure and transparency procedures and principles of the listed companies announcements; in an endeavor to apply the best standards related to the companies' disclosure to investors and participants in the Exchange, and in order for the instructions of the announcements of listed companies to comply with the provisions of the Corporate Governance Regulations, the Regulatory Rules and Procedures Issued Pursuant to The Companies Law Relating To Listed Joint Stock Companies, The Instructions and Procedures Related To Listed Companies With Accumulated Losses Reaching 20% or More Of Its Capital, and amending the transactions settlement cycle of listed securities from (T+0) to (T+2). and pursuant to the Capital Market Law issued by Royal Decree Number (M/30) dated 2/6/1424H, the CMA Board has issued its resolution dated 22/7/1438H, corresponding to 19/4/2017G amending the instructions related to announcements of listed companies. These changes will be affective starting from 25/7/1438H, corresponding to 22/4/2017G.

What A Difference A Decade Makes - Speech By Mark Carney, Governor Of The Bank Of England, Chair Of The Financial Stability Board

Date 21/04/2017

It’s a pleasure to be back at the IIF’s Washington Policy Summit.

Last time I spoke here (in 2011) it was still early in the international financial reform process. From the IIF’s perspective at the time, there were three major concerns:

• The consistency of implementation across the G20; 
• The possibility of significant regulatory arbitrage in shadow banking; and 
• Whether the FSB/G20’s ambitious agenda would impair the recovery.

Ontario Securities Commission Publishes Updated Rules Of Procedure And Practice Guideline For Comment

Date 21/04/2017

The Ontario Securities Commission (OSC) today published for comment proposed Rules of Procedure and Forms and a Practice Guideline for Commission proceedings.

KCG Announces First Quarter 2017 Results - KCG Accepts Proposal From Virtu Financial, Inc. To Acquire - All Outstanding Shares Of KCG's Class A Common Stock For $20 Per Share - A 46 Percent Premium To Unaffected Price - KCG Announces Consolidated Earnings Of $0.05 Per Diluted Share For The First Quarter Of 2017

Date 21/04/2017

KCG Holdings, Inc. (NYSE: KCG) today announced that it has reached a definitive agreement for Virtu Financial, Inc. (NASDAQ: VIRT) to acquire all outstanding shares of KCG's Class A Common Stock for $20.00 per share in cash. The price represents a premium of 46 percent over KCG's closing share price of $13.73 on March 14, 2017, prior to news reports of the proposal.

Intergovernmental Group Of Twenty-Four On International Monetary Affairs And Development

Date 21/04/2017

1. We held our ninety-seventh meeting in Washington D.C. on April 20, 2017 with Abraham Tekeste, Minister of Finance and Economic Cooperation of Ethiopia in the Chair, Ravi Karunanayake, Minister of Finance of Sri Lanka as First Vice-Chair; and Julio Velarde, Governor of the Central Bank of Peru as Second Vice-Chair.