News Centre

FSB Completes Peer Review Of Japan

Date 21/12/2016

The Financial Stability Board (FSB) published today its peer review of Japan.

CESC Index Report For November 2016

Date 21/12/2016

Highlights

• Mainland A shares outperformed Hong Kong stocks in November. The CES A80 surged 7.4 per cent.
• The CES 300 surged 3.7 per cent ahead of the launch of Shenzhen Connect in December.
• The CES G10, on which futures have been trading at HKEX, surged 20.3 per cent, demonstrating Macau’s economic recovery.
• Shenzhen Connect started on 5 December. Southbound trading under the scheme covers 417 eligible Hong Kong stocks, including 388 constituents of Hang Seng Composite LargeCap, MidCap and SmallCap Indices and 29 A+H share companies. Northbound trading covers 881 eligible Shenzhen stocks, including 267 Main Board, 411 SME Board and 203 ChiNext stocks.
• The index universe for CES 300 changed and the weighting of ChiNext stocks increased following the latest periodic review.
• RMB deposits in Hong Kong at the end of October decreased to RMB662.5 billion, down 0.4 per cent from the previous month.
• Open interest in offshore Mainland A-share index futures traded in Singapore hit an all-time high of RMB49.6 billion. Market demand for hedging against A shares continued to increase.

Advise Technologies Releases Bank Of Israel Derivatives Reporting Module

Date 21/12/2016

Advise Technologies, an industry leading provider of regulatory reporting software, is pleased to announce the addition of the Bank of Israel Derivatives Reporting module to the growing regulatory reporting capacity of the Consensus RMS platform.

ASIC Reports On ASX Equity Market Outage In September 2016

Date 21/12/2016

ASIC has released a report on the findings of its review of the ASX outage that affected the operation of the Australian equity market on 19 September 2016. It provides a whole-of-market perspective, with observations on how ASX and other important stakeholders responded on the day.

Securities Commission Malaysia Revokes Licence Of Yap Yeng Chong

Date 21/12/2016

Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Yap Yeng Chong (Yap) for the regulated activity of dealing in securities under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 22 August 2016.

ASIC Accepts Enforceable Undertaking From NAB And CBA To Address Inadequacies Within Their Wholesale Spot FX Businesses

Date 21/12/2016

ASIC has today accepted enforceable undertakings (EUs) from each of the National Australia Bank Limited (NAB) and the Commonwealth Bank of Australia (CBA) in relation to the banks’ wholesale spot foreign exchange (FX) businesses.

Federal Court Orders Chicago Trader Igor B. Oystacher And 3Red Trading LLC To Pay $2.5 Million Penalty For Spoofing And Employment Of A Manipulative And Deceptive Device, While Trading Futures Contracts On Multiple Futures Exchanges - The Court’s Order Finds That Oystacher Entered And Canceled Orders He Never Intended To Fill

Date 20/12/2016

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Amy J. St. Eve of the U.S. District Court for the Northern District of Illinois entered a Consent Order of Permanent Injunction (Order) against Defendants Igor B. Oystacher and his proprietary trading company, 3Red Trading LLC (3Red), both of Chicago, Illinois, finding that the Defendants engaged in a manipulative and deceptive spoofing scheme while trading at least five different futures contracts on four exchanges for more than two years, which violated certain provisions of the Commodity Exchange Act (CEA) and CFTC Regulations adopted pursuant to the CFTC’s anti-spoofing and expanded anti-fraud and anti-manipulation authority under the Dodd-Frank Act.

Statement Of FTC Chairwoman Edith Ramirez Regarding The Volkswagen 3.0 Liter Emissions Litigation

Date 20/12/2016

Federal Trade Commission Chairwoman Edith Ramirez issued the following statement regarding today’s announcement by U.S. District Judge Charles Breyer of a nearly completed agreement resolving the EPA’s Clean Air Act claims, and nearly complete agreements concerning consumer injury claims.

Federal Reserve Board Extends Comment Period To February 20, 2017, On Proposed Rule That Would Strengthen Existing Requirements And Limitations On The Physical Commodity Activities Of Financial Holding Companies

Date 20/12/2016

The Federal Reserve Board on Tuesday extended until February 20, 2017, the comment period for its proposed rule that would strengthen existing requirements and limitations on the physical commodity activities of financial holding companies. The proposal would help reduce the catastrophic, legal, and financial risks that physical commodity activities pose to financial holding companies.

EBA: Consultation On Guidelines On Supervision Of Significant Branches (EBA-CP-2016-24)

Date 20/12/2016

The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on the supervision of significant branches. Prompted by the increasing demand to establish branches across the European Union, these Guidelines are designed to facilitate cooperation and coordination between the Competent Authorities (CAs). They will assist them in supervising the largest systemically important branches, the so-called “significant-plus” branches, which require intensified supervision. The consultation runs until 20 March 2017.