News Centre

China Exchanges Services Company Monthly Index Report (July)

Date 15/08/2018

Highlights

• CES China A80 Index (CES A80) up 0.9 per cent, as market expects leverage levels of Mainland economy to stabilise
• Pharmaceutical stocks slumped due to Mainland vaccine scandal, with CES Innovative Biotech Index (CES IBT) down 9.1 per cent 
• European stocks generally rallied, outperforming shares in the emerging markets 
• Ascletis debuted in August as first HK-listed pre-revenue biotech company 
• CESC launched Pan-Entertainment and Leisure Index 
• MOF sovereign bonds in RMB5 billion offer were oversubscribed

Dubai Financial Market Achieves 100% Compliance In Local Public Listed Companies’ Disclosure Of Q2-2018 Results

Date 15/08/2018

Dubai Financial Market (DFM) today announced that its local public listed companies have recorded a 100% compliance regarding the disclosure of Q2-2018 results within the deadline of 45 days from the end of the period.

HKEX Appoints Group Chief Communications Officer

Date 15/08/2018

Hong Kong Exchanges and Clearing Limited (HKEX), today (Wednesday) announced that it has appointed Tori Cowley as its Group Chief Communications Officer.  She will relocate from London to Hong Kong and will assume her role in late September 2018.

For The First Time - The Israeli Public Will Be Able To Compare Trading Fees -TASE Will Publish Trading Fees Comparison Table For Investors On Its Website

Date 15/08/2018

TASE’s CEO, Ittai Ben-Zeev: “This is another stage in the joint process executed by the Ministry of Finance and the Israel Securities Authority towards restructuring TASE’s ownership, similarly to other stock exchanges around the world. Publication of the trading fee comparison will drive more competition for the investors and will make TASE more prominent and more accessible for the general public”

Royal Bank Of Scotland Agrees To Pay $4.9 Billion For Financial Crisis-Era Misconduct - Settlement Is Largest Penalty Imposed On A Single Entity By The Justice Department For Financial Crisis-Era Misconduct

Date 14/08/2018

The Justice Department announced today a $4.9 billion settlement with The Royal Bank of Scotland Group plc (RBS) resolving federal civil claims that RBS misled investors in the underwriting and issuing of residential mortgage-backed securities (RMBS) between 2005 and 2008. The penalty is the largest imposed by the Justice Department for financial crisis-era misconduct at a single entity under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, which authorizes the federal government to seek civil penalties against financial institutions that violate various predicate criminal offenses, including wire and mail fraud.

NZX Half Year 2018 & Interim Report Published

Date 14/08/2018

NZX today published its half year results and interim report for the six months ended 30 June 2018.

ESMA Closed For Public Holiday On 15 August

Date 14/08/2018

ESMA is closed for public holiday on 15 August. ESMA will reopen on Thursday 16 August. 

SEC Files Charges In Municipal Bond “Flipping” And Kickback Schemes

Date 14/08/2018

The Securities and Exchange Commission today charged two firms and 18 individuals in a scheme to improperly divert new issue municipal bonds to broker-dealers at the expense of retail investors.  According to the SEC’s complaint, the defendants – known in the industry as “flippers” – purchased new issue municipal bonds, often by posing as retail investors to gain priority in bond allocations. The defendants then “flipped” the bonds to broker-dealers for a fee. The SEC also charged a municipal underwriter for accepting kickbacks from one of the flippers.

European Commission’s Decision Regarding The Risk Weight Floor For Swedish Mortgages

Date 14/08/2018

The European Commission has decided not to propose to the European Council a rejection of Finansinspektionen’s proposal to change the method for the application of the current risk weight floor for Swedish mortgages. This means that the measure may be implemented in Sweden. 

EEX: Clarification Concerning 2018 Auction Calendar For EU Allowances (EUA) For Germany – German Auctions On Renewed Opt-Out Platform Expected To Resume In The Course Of Q1 2019

Date 14/08/2018

The European Energy Exchange (EEX) clarifies that the indicatively scheduled auctions for Germany from 14 November 2018 onwards will not be taking place.