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United Kingdom Parliament Treasury Committee Update - HBOS Failure: Lessons For The Regulators
Date 26/07/2016
The Treasury Committee publishes 'Review of the reports into the failure of HBOS'.
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SGX Welcomes Katrina To Catalist
Date 26/07/2016
Singapore Exchange (SGX) today welcomed Katrina Group Ltd (Katrina) to Catalist under the stock code “1A0”.
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ISDA Publishes Hong Kong Clearing Classification Letter
Date 26/07/2016
The International Swaps and Derivatives Association, Inc. (ISDA) has published a new clearing classification letter that will enable counterparties to notify each other of their status for clearing requirements under the Hong Kong mandatory clearing regime.
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Shenzhen Stock Exchange Market Bulletin 25 July , 2016, Issue 25
Date 26/07/2016
The government has further relaxed rules for foreign investment in the country's four free trade zones (FTZs), much-highlighted test grounds for ongoing economic reforms, according to the central government website on July 19. Foreign investors will be allowed temporarily to fund wholly owned enterprises in a number of fields, including iron and steel, shipping, auto batteries and gas station operations. A total of 18 rules and regulations with 51 items have been revised, with more than 20 of them involving changes from review-and-approval procedure to registration-based process for foreign investment in the Shanghai, Guangdong, Tianjin and Fujian FTZs.
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US Department Of Justice: LATAM Airlines Group Resolves Foreign Corrupt Practices Act Investigation And Agrees To Pay $12.75 Million Criminal Penalty
Date 25/07/2016
LATAM Airlines Group S.A. (LATAM), a commercial airline company based in Chile, has agreed to pay a $12.75 million criminal penalty in connection with a scheme to pay bribes to Argentine union officials via a false consulting contract with a third-party intermediary in violation of the accounting provisions of the Foreign Corrupt Practices Act (FCPA).
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CalPERS Launches Search For New Chief Actuary
Date 25/07/2016
The California Public Employees' Retirement System (CalPERS) has begun its search for a new Chief Actuary to lead its Actuarial Office and provide independent counsel to CalPERS leadership and Board on actuarial valuations, assumptions and policies, rate structure, and funding of the CalPERS System and related funds.
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Bermuda Stock Exchange Will Be Closed For Bermuda ‘Cup Match’ Public Holidays
Date 25/07/2016
The Bermuda Stock Exchange (“BSX”) advises that the BSX will be closed on Thursday 28 and Friday 29 July 2016, for the Emancipation Day and Somers Day (collectively known as “Cup Match”) public holidays in Bermuda. The BSX will reopen on Monday, 01 August, 2016.
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SEC: LAN Airlines Settles FCPA Charges
Date 25/07/2016
The Securities and Exchange Commission today announced that South American-based LAN Airlines has agreed to pay more than $22 million to settle parallel civil and criminal cases related to improper payments it authorized during a dispute between the airline and its union employees in Argentina.
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CFTC Staff Issues Advisory Clarifying Chief Compliance Officer Reporting Line Requirements
Date 25/07/2016
The U.S. Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight is issuing a staff advisory regarding chief compliance officer reporting line requirements for swap dealers, major swap participants, and futures commission merchants under Commission Regulation 3.3.
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Federal Reserve Board Extends Comment Period For Advanced Notice Of Proposed Rulemaking Detailing Conceptual Frameworks For Capital Standards Until September 16, 2016
Date 25/07/2016
The Federal Reserve Board on Monday extended until September 16, 2016, the comment period for the advanced notice of proposed rulemaking (ANPR) detailing conceptual frameworks for capital standards that could apply to systemically important insurance companies and to insurance companies that own a bank or thrift.
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