News Centre

UK's Payment Systems Regulator: Access All Areas: Supply Of Indirect Access To Payment Systems Improving Says Regulator

Date 21/07/2016

Work to open up access to payment systems is generating increasingly positive results according to the Payment Systems Regulator (PSR), which today published the final conclusions of its market review into competition in the supply of indirect access to payment systems.

Securities Commission Malaysia: Change Of Terminology From “Private Debt Securities” To “Corporate Bonds”

Date 21/07/2016

Pursuant to this Technical Note the term “private debt securities” will now be changed to “corporate bonds”, in line with the general practice in the international market.

United Kingdom Parliament Treasury Committee Update: Brexit May Offer Opportunity To Improve Competition In Banking Sector

Date 21/07/2016

The Treasury Committee publishes a letter from a group of challenger banks which outlines – among other things – the opportunity afforded by the EU referendum result to improve competition in the banking sector.

Investigations Into 1MDB-Related Fund Flows Through Singapore - Joint Statement By Singapore's Attorney-General’s Chambers, Singapore (AGC) Commercial Affairs Department, Singapore Police Force (CAD), Monetary Authority Of Singapore (MAS)

Date 21/07/2016

The AGC, CAD, and MAS announced today in a joint statement that the Singapore authorities have been investigating various 1MDB-related fund flows through Singapore, for possible money laundering, securities fraud, cheating, and other offences committed in Singapore. 

ICAP Plc Announces That Gil Mandelzis Has Decided To Step Down As CEO Of EBS BrokerTec

Date 21/07/2016

ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces that Gil Mandelzis, CEO of EBS BrokerTec, has decided to step down from his position and will be leaving the company in due course.

ASIC Consults On Proposed Guidance On Risk Management

Date 21/07/2016

ASIC today released a consultation paper and proposed regulatory guidance on risk management practices for responsible entities in the managed funds sector.

Tokyo Commodity Exchange International Customer Trades Stays At Record High For The Two Consecutive Months

Date 21/07/2016

The Tokyo Commodity Exchange, Inc announced today that the June 2016 monthly volume of customer trades (combined sell & buy sides) originating overseas was 2,642,493 contracts, accounting for 52.1 percent of the total trades of 5,073,440 contracts. This is an all-time high ratio of international customer trades at TOCOM continuing for the two consecutive months.  At TOCOM, the highest volume of international customer trades (combined sell & buy sides) is 2,677,075 contracts recorded in February 2016. 

Shanghai Stock Exchange Revises Business Rules Of Shanghai-HK Stock Connect Upon The Stock Exchange Of Hong Kong Adding Closing Auction’s Time Interval

Date 21/07/2016

Lately, the Shanghai Stock Exchange (SSE) officially revised and released the “SSE Measures for Piloting Shanghai-Hong Kong Stock Connect” (the “Measures” for short). For relevant background and content of revising the “Measures”, an SSE official answered the following questions raised by reporters.

UK House of Commons Economic Affairs Committee Distributed Ledger Technologies

Date 20/07/2016

Witness(es): Dr Ben Broadbent, Deputy Governor, Monetary Policy, Bank of England

Witness(es): Professor Michael Mainelli, Emeritus Mercers' School Memorial Professor of Commerce, Gresham College, Dr Catherine Mulligan, Associate Director, Imperial College Centre for Cryptocurrency Research, Imperial College London and Lord Spens, Transformation and Assurance Director, PricewaterhouseCoopers

Witness(es): Mr Simon Taylor, Co-Founder / Director of Blockchain, 11:FS Ms Blythe Masters, Chief Executive Officer, Digital Asset Holdings, LLC

U.S. Assistant Attorney General Leslie R. Caldwell Delivers Remarks At Press Conference Announcing Significant Kleptocracy Enforcement Action To Recover More Than $1 Billion Obtained From Corruption Involving Malaysian Sovereign Wealth Fund

Date 20/07/2016

Thank you, Attorney General [Loretta E.] Lynch.

This is the largest single action ever brought by the Kleptocracy Initiative, and a significant milestone in the department’s ongoing fight against global corruption.  The complaint filed today in federal court details the complex web of transactions these co-conspirators used to launder billions of dollars that they stole from the people of Malaysia.  We have several speakers today who will describe various aspects of this matter.