News Centre

"Transforming Japan Financial Services Agency's Supervisory Approaches," Recommendation By The Advisory Group On Supervisory Approaches

Date 15/06/2017

The Financial Services Agency (JFSA) has made a multitude of reforms in recent years and its supervisory approaches, which were formulated during the Japanese financial crisis in late 1990s and early 2000s, are undergoing a major transformation. The agency, however, is yet to present an overall design of what it intends to attain. Legacy approaches, organizational design and guidelines stay while new initiatives are pursued. Stakeholders may be receiving mixed messages.

Eight Of The Best Fintechs From Across The World Selected For The FinLab’s Accelerator Programme

Date 15/06/2017

After sieving through close to 400 applications across 44 countries, The FinLab, Singapore's first corporate fintech accelerator, selected 8 innovative fintech businesses for its second cycle of acceleration.

UK's Financial Conduct Authority Provides Update On Regulatory Sandbox

Date 15/06/2017

The Financial Conduct Authority (FCA) today provides an update on its regulatory sandbox and unveils the list of firms that were successful in their applications to begin testing in the second cohort of the sandbox.

Singapore Diamond Investment Exchange Partners With Kynetix And Everledger To Trial First-Ever Blockchain Verification And Record-Keeping Service For Diamond Trading

Date 15/06/2017

Singapore Diamond Investment Exchange (SDiX), the world’s first commodity exchange in physically settled diamonds, today announced that it has successfully partnered with Kynetix, the physical commodity digitisation expert, and Everledger, supplier of blockchain and distributed ledger infrastructure, to complete the first part of a Proof-Of-Concept of a blockchain-based authentication and secure record-keeping service for trading diamonds on a global commodity exchange. 

New President Appointed To CISI Jersey Branch

Date 15/06/2017

Edward Loader, Chartered FCSI has been appointed President of the Chartered Institute for Securities & Investment (CISI) Jersey branch.

ASIC Welcomes The Dawn Of A New Regulatory Era

Date 15/06/2017

The Australian Securities and Investments Commission (ASIC) today welcomed the passage of legislation enabling a more secure and accountable funding of the model for regulation of the Australian corporate sector.

The Next Evolution In Asset Management In Japan, Speech By Nobuchika Mori, Commissioner, Japan's Financial Services Agency At The 8th International Seminar Of The Securities Analysts Association Of Japan, April 7, 2017, Tokyo

Date 15/06/2017

Over the past several years, I have consistently been calling for financial institutions to do business with a customer-first approach. If companies continue to provide high-quality products and services that satisfy customers’ needs, their corporate value will be enhanced. This principle applies not only to the financial services industry but to most industries.

Shenzhen Securities Information Co., Ltd.,: ‘Belt-And-Road’ Pakistan Featured Enterprise Projects Roadshow Held In Qianhai

Date 15/06/2017

Recently, the Pakistan Featured Enterprise Projects Roadshow was held at Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub. A cross-border projects roadshow under the Belt and Road Initiative, the event was co-sponsored by the Shenzhen Securities Information Co., Ltd., the wholly-owned subsidiary of Shenzhen Stock Exchange (SZSE), and Qianhai Financial Holding Co., Ltd., and co-organized by China Hi-tech Zone Technology Financial Information Service Platform (the Platform) and Qianhai International Capital Service Center. Relevant corporate executives of Shenzhen Securities Information Co., Ltd. and Qianhai Financial Holding Co., Ltd. attended the event and made speeches.

ASIC: UBS Securities Pays $280,000 In Infringement Notice Penalties

Date 15/06/2017

UBS Securities Australia Limited ('UBS') has paid penalties totalling $280,000 to comply with two infringement notices given to it by the Markets Disciplinary Panel ('the MDP').

The first infringement notice ($140,000) relates to the operation, use and monitoring of a crossing system known as UBS Price Improvement Network ('UBS PIN').

Investor Q&A On The Relevant Issues Relating To The Detailed Implementation Rules Of Shenzhen Stock Exchange On The Reduction Of Shareholdings By Shareholders, Directors, Supervisors And Senior Executives Of Listed Companies

Date 15/06/2017

Q1. What are the main backgrounds and objectives of the Implementing Rules?

A: Recently, China Securities Regulatory Commission (hereinafter, CSRC) released the revised Several Regulations on the Reduction of Shareholdings by Shareholders, Directors, Supervisors and Senior Executives of Listed Companies (CSRC Announcement [2017] No.9) (hereinafter, Regulations) to further regulate reduction of shares by shareholders, directors, supervisors and senior executives of listed companies and promote the long-term sound and stable development of the securities market. In order to implement the requirements of the Regulations, the Shenzhen Stock Exchange (SZSE) formulated the Detailed Implementation Rules of Shenzhen Stock Exchange on the Reduction of Shareholdings by Shareholders, Directors, Supervisors and Senior Executives of Listed Companies (hereinafter, Implementing Rules) after systematic summarization of its practice in front-line supervision of share sales by shareholders.