News Centre

ASIC Updates Guidance For Fee And Cost Disclosure Requirements For Superannuation And Managed Investment Products

Date 24/11/2015

ASIC today released updated guidance on fee and cost disclosure for trustees of superannuation funds and responsible entities of managed funds and other managed investment schemes.

CICC Takes Top Honors On Institutional Investor's 2015 All-China Research Team - Credit Suisse, Repeating In Second Place, Continues To Make Strong Gains

Date 23/11/2015

China International Capital Corp. is No. 1 on the All-China Research Team, Institutional Investor's exclusive annual ranking of the nation's leading sell-side equity analysts, for a fourth consecutive year -- but its margin of victory is narrower than it's been since 2012.

MIAX Regulatory Alert - Information Barrier Rule Change

Date 23/11/2015

The MIAX filed to adopt a principles-based approach to prohibit the misuse of material non-public information by all Members; and to delete Exchange Rule 610, Limitations on Dealings, applicable solely to Market Makers. The new principles-based approach will become operative as of December 4, 2015.

SEC: Stockbroker Stole Investor Money For Home Renovations

Date 23/11/2015

The Securities and Exchange Commission today announced fraud charges against a former stockbroker accused of stealing investor money to remodel his house and pay other bills.

SIFMA Announces Key Findings Of The Quantum Dawn 3 Cybersecurity Exercise

Date 23/11/2015

SIFMA today published a summary of the key findings derived from its Quantum Dawn 3 cybersecurity exercise held on September 16, 2015. This After-Action Report was developed by Deloitte Advisory Cyber Risk Services. SIFMA engaged Deloitte Advisory to serve as an objective observer of the exercise and assist in identifying key takeaways and recommendations for enhancing the financial services sector's protocols for responding to a large-scale cyberattack.

CBOE Introduces Five New Options-Based Strategy Performance Benchmark Indexes Tied To Russell 2000

Date 23/11/2015

• Benchmarks Further Expand Investors’ Toolset to Manage Risk, Enhance Yields
• Index Values Available Beginning November 23

The European Investment Bank And BNP Paribas Announce Launch Of New Climate Awareness Product

Date 23/11/2015

The European Investment Bank (EIB), BNP Paribas and Vigeo are pleased to announce the launch of Tera Neva, a sustainable investment solution which allows investors to align their financial objectives with their energy transition goals.

IMF Staff Concludes Visit To Russian Federation

Date 23/11/2015

An International Monetary Fund (IMF) mission visited Moscow during November 16–20, 2015, to discuss the economic outlook and related policies. At the conclusion of the visit, Ernesto Ramirez Rigo, IMF mission chief for Russia, issued the following statement:

“There are tentative signs of economic stabilization in Russia. The economy is expected to contract by 3.8 percent in 2015 followed by a milder contraction of 0.6 percent in 2016 due to the headwinds from lower oil prices. The current account adjustment is progressing rapidly, supporting the ongoing external deleveraging process. Inflation is projected to decline to 12.7 percent at end-2015, and, in the absence of shocks to international oil prices, to continue to fall further during 2016."

Gunvor Closes Oversubscribed US$ 1.36 Billion Revolving Credit Facility

Date 23/11/2015

Gunvor Group Ltd ("Gunvor" or the "Group") has signed a US$ 1.36 billion Revolving Credit Facility (the "Facility") in favor of Gunvor International B.V. and Gunvor SA (the "Borrowers"). The Facility will replace the maturing Tranche A (US$ 1.025 billion) of the Borrower's Revolving Credit Facility dated 28 November 2014 and refinance Tranche B (US$ 305 million) of the US$ 1.515 billion Facility dated 6 December 2013.

NYSE Member Firms Report Third-Quarter Results

Date 23/11/2015

New York Stock Exchange member firms that conduct business with the public reported a third-quarter 2015 after-tax profit of approximately $2.08 billion and revenues of approximately $38.8 billion, compared with a $3.06 billion after-tax profit on revenues of about $42.5 billion in the second-quarter of 2015.