News Centre

Press Conference With Taro Aso, Japan's Deputy Prime Minister, Minister Of Finance, And Minister Of State For Financial Services - SIBOR

Date 20/06/2013

[Questions and answers]

Q.

The other day the Monetary Authority of Singapore in effect handed out punishments to 20 banks, including The Bank of Tokyo-Mitsubishi UFJ, for manipulating SIBOR, the Singapore Interbank Offered Rate. How do you view these punishments, and what do you think about Singapore’s response and the conduct of The Bank of Tokyo-Mitsubishi UFJ and the other banks? Also, the issue of interbank-rate manipulation has been shaking the world ever since last year, and although legal frameworks differ from country to country, it seems as though Japanese regulators are taking a comparatively lax approach. Please tell me what you think about this.

Double Honours Again For Dion At Systems In The City Awards - Products And People Acknowledged For Excellence Second Year In A Row

Date 20/06/2013

Dion Global Solutions (Dion) (BSE: 526927), technology partner to the financial services industry, today announced it has scooped the top spot in two categories at the 2013 Systems in the City Awards. As well as winning the award for the Best Wealth Management Solution, Steve Martin, Dion’s Senior Business Consultant, was named Best Business Analyst.

Crowdfunding And Predatory Capitalism: The Battle Lines Are Drawn

Date 20/06/2013

Crowdfunding is no ordinary industry. It's become clear that it has the power to re-make the economy in a new, more democratic, image. Less like the predatory capitalism of the last three decades. More open and collaborative. More conducive for entrepreneurs and the innovation we need to dig us out of the hole that predatory capitalism has put us all in.

Thai Alternative Bourse Enters 15th Year With Record High Market Cap

Date 20/06/2013

The Stock Exchange of Thailand’s Market for Alternative Investment (mai) enters its 15th year with a record market capitalization of THB 200 billion (approx. USD 6.67 billion) and an average daily trading value of THB 3 billion (approx. USD 100 million) per day, while market liquidity continues to increase.

Traiana To Expand Direct Connectivity For Foreign Exchange NDF Clearing

Date 20/06/2013

Singapore Exchange Regulatory Announcement: Statement On Special Audit Report On China Sky

Date 20/06/2013

Singapore Exchange (SGX) notes that China Sky Fibre Chemical Limited (the “Company”) has announced the special audit findings made by Stone Forest Corporate Advisory Pte Ltd (“Stone Forest”) on 20 June 2013.  We are encouraged that the Company is taking steps and making progress towards compliance with listing rule requirements.   Shareholders and investors will now be able to better assess the true state of affairs of the Company, in view of the special audit findings that noted, amongst others, erroneous disclosure made in the past.  In a market-driven, disclosure-based regime like Singapore’s, it is critical for listed companies to disseminate accurate and complete information in a timely manner. 

ICAP Invests In Enso Financial Management LLP - Joins Funding Round With Euclid Opportunities, ICAP’s Vehicle For Funding Next Generation Financial Technology

Date 20/06/2013

ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, today announces it has made a strategic investment in Enso Financial Management LLP (EFM) an early-stage firm providing hedge funds and asset managers with innovative portfolio reporting and data analytics services.

Prudential Regulation Authority (PRA) Completes Capital Shortfall Exercise With Major UK Banks And Building Societies

Date 20/06/2013

At its March meeting, the interim Financial Policy Committee recommended that: “The PRA should assess current capital adequacy using the Basel III definition of equity capital but after: (i) making deductions from currently-stated capital to reflect an assessment of expected future losses and a realistic assessment of future costs of conduct redress; and (ii) adjusting for a more prudent calculation of risk weights.”

Shanghai Stock Exchange, China Securities Index Co. Update Industry Classification Of Listed Companies

Date 20/06/2013

Shanghai Stock Exchange (SSE) and China Securities Index Co., Ltd (CSI) have recently published the adjusted industry classification of listed companies according to the annual reports of 2012. The adjustment involves 35 listed companies.

Dalian Commodity Exchange: Forum Held For Jiangsu Futures Companies

Date 20/06/2013

Recently, Jiangsu Securities Regulatory Bureau and Dalian Commodity Exchange (DCE) jointly held a forum for the Jiangsu-based futures companies in Nanjing, comparing notes on promoting the development of the futures market in Jiangsu Province and strengthening the services for industries. Attending and addressing the forum were Wang Mingwei, Director of Jiangsu Securities Regulatory Bureau, Ling Feng, Deputy Director of Jiangsu Securities Regulatory Bureau, Li Zhengqiang, DCE President & CEO, and Zhu Lihong, Vice President of DCE, with the executives of 10 futures companies in Jiangsu province present at the forum at the invitation.