News Centre

Quoted Companies Alliance Celebrates 25 Years At Its Anniversary Dinner

Date 08/09/2017

More than 320 members of the small and mid-size quoted company community attended the Quoted Companies Alliance’s (QCA) Anniversary Dinner yesterday (7 September), to celebrate its 25th Anniversary.  The event was sponsored by London Stock Exchange plc, with BoardEx/The Deal as supporting sponsor and Winterflood Securities sponsoring the after dinner drinks. Guests included company directors, investors, market operators, policymakers and regulators. 

Bursa Malaysia Sector Update: Marine & General Berhad

Date 08/09/2017

Bursa Malaysia Berhad (Bursa Malaysia) has decided to update the classification of sector for Marine & General Berhad (“M&G”) to come into effect on 9.00 a.m., Friday, 15 September 2017. The update in the classification of sector for M&G is as follows:

Japan’s Financial Services Agency: Publication Of An Outline Of Key Comments Received At The “Contact For Financial Policies Monitor,” A Neutral Third-Party Comprised Of External Experts

Date 08/09/2017

1. About the Contact for Financial Policies Monitor
 
The FSA has used various measures to seek opinions from financial institutions and the general public regarding financial policies in the past, but financial institutions have pointed out that it is not always easy to express candid opinions when the contact person is a FSA official. In light of such comments, the FSA has established the “Contact for Financial Policies Monitor” through which external experts receive opinions and suggestions as neutral third parties and convey such opinions and suggestions to the FSA for reflection in its financial policies.

SGX Reports Market Statistics For August 2017

Date 08/09/2017

Securities

• Total Securities market turnover value was S$25.9 billion, up 2% month-on-month (m-o-m) and up 26% year-on-year (y-o-y), over 22 trading days. There were 21 trading days in July 2017 and 22 in August 2016.
• Securities daily average value (SDAV) was S$1.2 billion, down 3% m-o-m and up 26% y-o-y.
• Market turnover value of Exchange Traded Funds (ETFs) was S$221 million, down 15% m-o-m and up 7% y-o-y.
• Market turnover value of structured warrants was S$1.7 billion, up 22% m-o-m and up 101%      y-o-y.
• There were 109 new bond listings, raising S$41.4 billion.
• Total market capitalisation value of 753 listed companies stood at S$1.0 trillion as at end-August 2017.

FINRA CEO Robert Cook Testifies Before House Financial Services Subcommittee On Capital Markets, Securities, And Investment

Date 07/09/2017

Robert W. Cook, President and CEO of the Financial Industry Regulatory Authority (FINRA) today testified before the U.S. House of Representatives Subcommittee on Capital Markets, Securities, and Investment about FINRA’s operations and regulatory programs, and how FINRA is fulfilling its mission to protect investors and ensure market integrity while facilitating vibrant capital markets.

Bahamas International Securities Exchange Hurricane Closure Procedures

Date 07/09/2017

The Bahamas International Securities Exchange Limited (BISX) wishes to inform the public that due to the threat of Hurricane Irma and the issuance a Hurricane Warning for New Providence, BISX’s office will be closed Thursday 7 September 2017 at 12 p.m. Given the unpredictable nature of hurricanes, BISX will remain closed until the hurricane passes.

SEC: Bridget Fitzpatrick Named Chief Litigation Counsel - David Gottesman To Continue As Deputy Chief Litigation Counsel

Date 07/09/2017

The Securities and Exchange Commission today announced the leadership of the agency’s trial unit.  Bridget Fitzpatrick has been named Chief Litigation Counsel of the SEC and David Gottesman will continue to serve as the agency’s Deputy Chief Litigation Counsel.

CFTC Financial Data For Futures Commission Merchants Update

Date 07/09/2017

Futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs) must file monthly financial reports with the CFTC's Division of Swap Dealer and Intermediary Oversight (DSIO) within 17 business days after the end of the month. Selected financial information from these reports is published below. The most recent month-end information generally is added within 12 business days after FCMs and RFEDs file their reports, but occasionally may be added later. For example:  The 17th business day filing “due date" for February 28, 2015 financial reports was March 25, 2015.  The 12 business day target for posting these data was April 10, 2015.

Ontario Securities Commission Announces Speakers For Dialogue 2017

Date 07/09/2017

The Ontario Securities Commission (OSC) announced the agenda and speakers’ lineup for Dialogue 2017, the OSC’s annual conference, which brings together market participants to discuss important issues and trends facing the capital markets.

New York State Department Of Financial Services Fines Habib Bank And Its New York Branch $225 Million For Failure To Comply With Laws And Regulations Designed To Combat Money Laundering, Terrorist Financing, And Other Illicit Financial Transactions - Financial Services Superintendent Maria T. Vullo Exercises Her Authority To Expand The Scope Of An Independent Review And Issues Surrender Order Imposing Conditions For The Orderly Wind Down Of Habib’s New York Branch - New Consent Order Follows A 2016 Examination Finding Continued Weaknesses In The Bank’s Risk Management And Compliance Following A Prior 2015 Consent Order

Date 07/09/2017

Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services (DFS) has fined Habib Bank and its New York branch $225 million for failure to comply with New York laws and regulations designed to combat money laundering, terrorist financing, and other illicit financial transactions.  The new consent order follows a 2016 DFS examination that found weaknesses in the bank’s risk management and compliance and the bank’s failure to undertake extensive remedial actions required by a 2015 consent order.  As a result of DFS’s most-recent findings, Superintendent Vullo has exercised her authority provided by the 2015 consent order to expand the scope of an independent review of the bank’s operations.  In addition, Habib Bank has agreed to surrender its license to operate the New York branch upon fulfillment of conditions outlined in a separate Surrender Order to ensure the orderly wind down of the New York branch.