News Centre

The MSCI Nigeria Indexes To Remain In The MSCI Frontier Markets Indexes

Date 27/10/2017

MSCI announced yesterday its decision to retain the MSCI Nigeria Indexes in the MSCI Frontier Markets Indexes. The market will be removed from the review list for potential reclassification to Standalone status.

Hong Kong's Securities And Futures Commission And Hong Kong Monetary Authority Address Hacking Risks Associated With Internet Trading

Date 27/10/2017

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) recognise the need for effective cybersecurity management as cyber risk poses an increasingly significant threat to the integrity, efficiency and soundness of financial markets worldwide. Over the past few years, the SFC and the HKMA have provided a range of guidance on cybersecurity to the intermediaries they regulate.

John Horkan Appointed LCH Group Chief Operating Officer

Date 27/10/2017

• Responsibilities include the development and execution of LCH’s integrated global strategy
• John will remain as LCH Head of North America

Happy Birthday Solactive! The German Index Engineer Turns Ten

Date 27/10/2017

This month, Solactive AG celebrates its ten-year anniversary. Solactive was founded in 2007 with the goal of proposing a model focused on efficiency and flexibility, and thus improve customers’ indexing experience. This unique business model has allowed the company to distinguish itself from competitors and gain market share in an industry that has traditionally been dominated by a few established players.

Japan Financial Services Agency: Initial Coin Offerings (ICOs) - User And Business Operator Warning About The Risks Of ICOs

Date 27/10/2017

What are ICOs?

In general, an ICO collectively means an activity to raise funds from the public using a digital token issued by a company or an individual. It can also be known as a token sale. 

BME Posts A Net Profit Of €36 Million In The Third Quarter, Up 2.6% Year-On-Year

Date 27/10/2017

• Revenue for the third quarter increased 3.4% yoy while to the end of September it totalled €240.5 million, equal to that of the previous year
• Operating costs in the third quarter increased by 5.2% yoy and up until September they totalled €81.5 million, a 3% increase on the year
• BME’s coverage of its cost base with revenues not linked to volumes stood at 127% at the end of the third quarter
• The efficiency and ROE financial monitoring ratios for the first nine months stood at 33.9% and 35.9%, 11 and 17 points above the sector average respectively
• The investment flows channeled through the Exchange in the first nine months totalled €36.3 billion, up 53% yoy. BME ranks 7th in the world
• BME ranks 1st in the Eurozone and 3rd in Europe in terms of capital raised through IPOs.

UBS's Third-Quarter 2017 Results

Date 27/10/2017

UBS delivered good third quarter results with net profit attributable to shareholders up 14% year on year to CHF 946m. Reported profit before tax increased by 39% to CHF 1,221m and adjusted profit before tax increased by 16% to CHF 1,506m. The net tax expense for the third quarter was CHF 272m, including a net write-up of deferred tax assets of CHF 174m mainly driven by higher US profit forecasts beyond 2017. Group annualized adjusted return on tangible equity was 10.2%, or 13.3% excluding deferred tax assets.

ASIC Expands Network Of fintech Cooperation Agreements To Switzerland

Date 27/10/2017

On 18 October 2017, the Australian Securities and Investments Commission (ASIC) and the Swiss Financial Markets Authority (FINMA) entered a new agreement to cooperate on innovation in the financial sector.

U.S. Treasury Releases Third Report On The Administration’s Core Principles For Financial Regulation

Date 27/10/2017

The U.S. Department of the Treasury today released a report that examines the current regulatory framework for the asset management and insurance industries and makes recommendations to ensure the regulatory framework is aligned with the Administration's Core Principles for financial regulation.

The SEC Enforcement Division’s Initiatives Regarding Retail Investor Protection And Cybersecurity, Stephanie Avakian, Co-Director, Division of Enforcement, Washington, D.C., Oct. 26, 2017

Date 27/10/2017

Introduction

Good afternoon and thank you for inviting me to speak today. Before I begin, let me give the required disclaimer that the views I express here today are my own and do not necessarily represent the views of the Commission or its staff.

With that, I am very happy to be here and to talk about some of what we are doing in the Enforcement Division. This has been a year of transition for us. In May, we welcomed Jay Clayton as our new Chairman. And, in June, Steve Peikin and I were named Co-Directors of the Enforcement Division.