Capital And Credit Management: The Changing Face Of The Regulatory Environment: Thought Piece From Andrew Powell, Chief Operating Officer, Softek

Date 26/10/2016

It is hardly breaking news that regulation is changing the landscape we operate in, whether this be Basel III/IV, MiFID II, EMIR, CRD IV – the list is endless.  Nevertheless, the fact of the matter is it all affects us in some way shape or form. Within this three part series focusing on Prime Brokers, Broker-Dealers and firms operating in the Securities Finance sphere, Andrew Powell, Chief Operating Officer at Softek, gives his account and insight into what these firms are implementing, or looking to implement, in order to cope with the changing market space. This series will serve to report on industry trends and expected future changes - all from a market perspective.

SETL Partners With Cobalt DL For FX Post Trade Solution - Distributed Ledger FX Post Trade System Will Reduce Costs And Alleviate Reconciliation Issues

Date 26/10/2016

SETL, the London based financial blockchain specialist, and Cobalt DL, a private peer-to-peer network that reduces post trade cost and risk for financial market participants through distributed ledger technology, today announced a partnership to deploy the SETL OpenCSD within the Cobalt FX post trade platform. The service is set to launch in 2017, with 15 leading institutional FX participants already committed to the service.

ETFGI Reports Assets Invested In Active ETFs/ETPs Listed Globally Reached A New Record High Of 40 Billion US Dollars At The End Of Q3 2016

Date 26/10/2016

ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in active ETFs/ETPs listed globally reached a new record high US$40.33 billion at the end of Q3 2016, according to data from ETFGI’s Q3 2016 global active ETF and ETP industry insights report (click here to view the ETFGI chart of assets invested in active ETFs/ETPs by location).

Ahli United Bank Lists USD 200 Million Sukuk On Nasdaq Dubai

Date 26/10/2016

Ahli United Bank, one of Kuwait’s leading financial institutions,  listed a 200 million US dollar Sukuk today on Nasdaq Dubai, the region’s international financial exchange.  

NZX Announces Interim CEO Effective 1 Jan 2017

Date 26/10/2016

The NZX Board is making good progress in its search for a new CEO following the resignation of Tim Bennett, effective 31 December 2016.

Tokyo Stock Exchange: Approval Of Initial Listing (TOKYO PRO-BOND Market): List CNY-Denominated Foreign Bond On TOKYO PRO-BOND Market With Value Of CNY 500 million (Industrial And Commercial Bank Of China Limited)

Date 26/10/2016

Today, Tokyo Stock Exchange approved a CNY-denominated bond with a total value of CNY 500 million (tenor: 3 years, coupon: 3.80%) from Industrial and Commercial Bank of China Limited for listing on the professional-oriented TOKYO PRO-BOND Market.

Westpac MNI China Consumer Sentiment Indicator Increases To Six-Month High In October - Pickup In Durable Buying Conditions Leads Improvement

Date 26/10/2016

Chinese consumer sentiment edged higher in October, led by a significant improvement in consumers’ willingness to spend, leaving confidence at the highest level since April  2016. 

Nasdaq Announces Mid-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date October 14, 2016

Date 26/10/2016

At the end of the settlement date of October 14, 2016, short interest in 2,334 Nasdaq Global MarketSM securities totaled 7,496,240,405 shares compared with 7,507,019,393 shares in 2,325 Global Market issues reported for the prior settlement date of September 30, 2016. The mid-October short interest represents 4.83 days average daily Nasdaq Global Market share volume for the reporting period, compared with 4.16 days for the prior reporting period.

NYSE, NYSE Arca And NYSE MKT Short Interest Reports

Date 26/10/2016

NYSE today reported short interest as of the close of business on the settlement date of October 14, 2016.

The Latest From The OCC Blog - The Importance Of Risk Management And Internal Controls

Date 25/10/2016

Why A Resilient Risk Management and Internal Control Infrastructure Matters

By Adi Agrawal, Senior Vice President and Chief Audit Executive
October 25, 2016

Enhanced focus on internal controls by corporate boards and regulators sometimes appears to be a post-financial crisis phenomenon. Those tasked with designing, executing and assuring the resiliency of a corporation's internal control infrastructure sometimes struggle with articulating the business case for it as well as defining the business need for internal controls. It is, hence, important to recognize and understand what "controls" are and their value in achieving desired outcomes.