News Centre

IQ-EQ Netherlands Makes Two Senior Appointments

Date 05/08/2020

Leading global investor services group IQ-EQ is pleased to announce two senior appointments in its Amsterdam office. Stefan de Kort joins IQ-EQ as Director, Fund Services, while Laurens de Lange – who joined the group in 2018 – has been promoted to Compliance Leader for the Netherlands. Both will be members of the local leadership team.

People Turn To Money Management Apps During Lockdown As Trust In Digital Banking Rises

Date 05/08/2020

• Lockdown accelerates online and mobile money management with more than half of the population (54%) now using them regularly
• More than a third (36%) feel more comfortable using banking and money management apps since lockdown and almost a quarter (23%) trust online banking more now than before lockdown
• With many struggling financially, the use of these apps is important to help people make the most of their money

ASIC’s Role In Ensuring Confidence Is Maintained In The Financial System - This Statement Was Tabled At The House Of Representatives Standing Committee On Economics, Parliament House On 5 August 2020

Date 05/08/2020

Australia faces significant challenges as a result of the COVID-19 pandemic.

Monetary Authority Of Singapore Announces Key Initiatives To Support SORA Adoption

Date 05/08/2020

The Monetary Authority of Singapore (MAS) today announced several initiatives to support the adoption of the Singapore Overnight Rate Average (SORA) [1] , which is administered by MAS. Given SORA’s growing importance as a key interest rate benchmark in SGD financial markets, these initiatives aim to catalyse greater activity in SORA markets, safeguard the benchmark’s integrity and enhance market confidence in SORA. They complement the industry-led transition roadmap, set out by the Steering Committee for SOR Transition to SORA (SC-STS), to develop vibrant and robust SORA markets. 

ASIC: Pershing Sentenced For Breaching Client Money Offences

Date 05/08/2020

Pershing Securities Australia Pty Ltd (PSAPL) has been sentenced in Sydney’s Downing Centre Local Court to pay a total penalty of $40,000 after pleading guilty to breaching client money obligations.

Abu Dhabi Securities Exchange (ADX) Announces Listing Of Mamoura Diversified Global Holding’s Bonds - ADX’s Strong Trading And Regulatory Infrastructure Becoming Increasingly Attractive To Major Corporations

Date 05/08/2020

Abu Dhabi Securities Exchange (ADX) announced today that it has listed US$4 billion Fixed Rate Notes issued by MDGH GMTN B.V. and guaranteed by Mamoura Diversified Global Holding PJSC (MDGH). MDGH is the debt issuing entity of Mubadala Investment Company, and the MDGH bonds have their primary listing on the London Stock Exchange.

Shenzhen Stock Exchange Market Bulletin: August 03, 2020 (Issue 23)

Date 05/08/2020

Chinese vice Premier Liu He and Executive Vice President of the European Commission Brofskis jointly presided over the 8th China-EU High-level Economic and Trade Dialogue through video conferencing on July 28. The two sides promised to further promote two-way opening up and mutually beneficial cooperation in the financial industry. European financial institutions are welcome to invest in China, participate in the establishment of foreign-owned or wholly-owned securities fund and futures companies, and high-quality European listed companies are welcomed to list on China’s domestic capital market in the form of Chinese Depositary Receipt (CDR). The European side is willing and considering exemption or relaxation of the regulatory requirements for local branches of Chinese banks. Both sides are committed to continue to promote the internationalization of EURO and RMB, strengthen cross-border regulatory cooperation, promote the interconnection of financial infrastructure, and support each other in building international financial centers with global influence.

NZX Shareholder Metrics - July 2020

Date 04/08/2020

Please see attached NZX Limited shareholder metrics for July 2020.

CFTC: NYMEX And Two Former Employees To Pay $4 Million For Disclosing Material Non-Public Information

Date 04/08/2020

The Commodity Futures Trading Commission today announced that the Honorable Vernon S. Broderick of the U.S. District Court for the Southern District of New York entered a consent order resolving CFTC charges against the New York Mercantile Exchange (NYMEX) and former employees William Byrnes and Christopher Curtin for the employees’ repeated disclosure of material non-public information in violation of the Commodity Exchange Act (CEA) and CFTC regulations.

Opening Remarks At The Small Business Capital Formation Advisory Committee Meeting, SEC Commissioner Elad L. Roisman, Aug. 4, 2020

Date 04/08/2020

Good morning to everyone joining us today, and thank you to those participating in the discussion. I want to give a special welcome to Kesha Cash and Sue Washer, the newest members of the Small Business Capital Formation Advisory Committee. I very much look forward to the valuable perspectives and insight that you both will provide. Thank you for serving on this Committee.