News Centre

Kroll Comments On New UK Financial Conduct Authority Consumer Duty

Date 27/07/2022

Nick Bayley, managing director within Kroll's Financial Services Compliance and Regulation practice comments:

“This is no simple re-badging of the longstanding TCF (Treating Customers Fairly) rules. Firms’ current obligations to their customers are often seen as rather passive “A firm must pay due regard to the interests of its customers…(Principle 6), whereas the new consumer principle to ‘act to deliver good outcomes for retail clients’ (Principle 12) is a much more active responsibility.”

TS Imagine Expands Executive Team With Chief Operating Officer Appointment - TS Imagine Chief Transformation And Data Officer, Thomas Bodenski, Appointed As COO

Date 27/07/2022

TS Imagine, a global leader in trading, portfolio, and risk management solutions for capital markets, has appointed Thomas Bodenski as COO as the firm expands its executive team to support its rapid growth.

JPX Group Announces Initiatives To Work Toward "New Form Of Capitalism"

Date 27/07/2022

Japan Exchange Group, Inc. today announces the release of "JPX Group's Initiatives to Work Toward a "New Form of Capitalism"".

Shanghai Stock Exchange - "Technology Empowers Development, Digital Leads the Future": The First Lujiazui Financial Transaction Science and Technology Festival Holds Successfully

Date 27/07/2022

On July 25, 2022, the first Lujiazui Financial Transaction Science and Technology Festival (hereinafter referred to as the Science and Technology Festival) was held online. Guided by the China Securities Regulatory Commission (CSRC), the Science and Technology Festival was co-sponsored by the Shanghai Stock Exchange (SSE), the Shanghai Futures Exchange (SHFE) and the China Financial Futures Exchange (CFFEX). Entitled "Technology Empowers Development, Digital Leads the Future", the Science and Technology Festival focuses on hot topics such as digital transformation, fintech, autonomous & controllable, and science and technology supervision. It attempts to enhance communication, strengthen the scientific and technological innovation capability and effectiveness of the securities and futures industry, create a favorable ecology of co-building, sharing and win-win, and energize market players. Mr. Yao Qian, Director of Science and Technology Supervision Bureau of the CSRC, Ms. Zhang Ying, Deputy Director of the Shanghai Municipal Commission of Economy and Information Technology, Mr. Cai Jianchun, President of the SSE, Mr. Wang Fenghai, CEO of the SHFE, and Mr. Huo Ruirong, CEO of the CFFEX attended the opening ceremony and delivered speeches.

PIMFA Welcomes Extension Of The UK Consumer Duty Implementation Timeline

Date 27/07/2022

PIMFA, the trade association for the wealth management, investment services and the investment and financial advice industry, has welcomed the Financial Conduct Authority’s (FCA) decision today (27 July 2022) to agree to their recommendation and extend the period for firms to implement its new Consumer Duty by 15 months.

Japan Exchange Group: Conclusion Of Capital And Business Alliance Agreement With Minsetsu, Inc

Date 27/07/2022

Japan Exchange Group, Inc. (JPX) and JPX Market Innovation & Research, Inc. (JPXI) have concluded a capital and business alliance agreement with Minsetsu, Inc. (hereinafter, "Minsetsu") and will acquire common shares through a third-party allotment of new shares carried out by Minsetsu. Details are as below.

Shenzhen Stock Exchange: Fruitful Fintech Research Results Of The Securities Industry In 2021

Date 27/07/2022

The Securities and Futures Fintech Research and Development Center (Shenzhen) (hereinafter referred to as the “Fintech Center”) established and run by SZSE successfully held the meeting on research project closing in 2021 and research project opening in 2022. More than 350 people including the principals of the Bureau of Technology Regulation of CSRC, relevant officials of SZSE and technical experts of the industry attended the seminar online or on the spot.

Shenzhen Stock Exchange Releases ESG Ratings Methodology And ESG Indices To Improve The Index System With SZSE’s Characteristics And Serve Low-Carbon And Sustainable Development

Date 27/07/2022

On July 25, SZSE’s wholly-owned subsidiary Shenzhen Securities Information Co., Ltd. (SSIC) officially launched CNI ESG Ratings Methodology and released ESG indices and ESG leading indices of SZSE’s core indices (Shenzhen Component Index, ChiNext Index, Shenzhen 100) that were compiled based on the methodology. It is a pragmatic measure of SZSE to fully apply the new development philosophy, give full play to the platform functions of the capital market, continue to refine the index system with SZSE’s characteristics, actively meet diversified ESG investment needs, and better serve green, low-carbon and high-quality development.

The UK Financial Conduct Authority’s Consumer Duty Will Lead To A Major Shift In Financial Services

Date 27/07/2022

The Financial Conduct Authority (FCA) has confirmed its plans to bring in a new Consumer Duty, which will fundamentally improve how firms serve consumers. It will set higher and clearer standards of consumer protection across financial services and require firms to put their customers’ needs first.

Bank Of America And Rothschild & Co Top M&A Financial Advisers By Value And Volume In Middle East & Africa For H1 2022, Finds GlobalData

Date 27/07/2022

Bank of America and Rothschild & Co have emerged as the top mergers and acquisitions (M&A) financial advisers in the Middle East & Africa region for H1 2022 by value and volume, respectively, according to the latest Financial Advisers League Table by GlobalData, a leading data and analytics company.