News Centre

Bank Of England Governor Mark Carney: World Economic Forum, Davos (23-26 January 2018)

Date 26/01/2018

The Governor participated in the Global Economic Outlook panel discussion at the World Economic Forum in Davos (26 January 2018).

Bank Of England Statement: IT Issues - Update: Technology Communications Problems Reported By The Bank Yesterday Have Been Fixed Overnight

Date 26/01/2018

Systems are now working normally although there is some catch-up work to complete. We expect to be able to process business as normal today but in order to catch up from yesterday, wholesale counterparty transactions may be dealt with somewhat later in the day than usual.

UK Financial Conduct Authority Publishes Decision Notices Against One Call Insurance Services Limited And John Lawrence Radford

Date 26/01/2018

The Financial Conduct Authority has today published Decision Notices in respect of One Call Insurance Services Limited (One Call) and its Chief Executive and majority shareholder John Lawrence Radford.

Building Cyber Resilience, Speech By Robin Jones, Head Of Technology, Resilience & Cyber At The FCA, Delivered To The PIMFA Financial Crime Conference, London

Date 26/01/2018

Highlights

• It is vital that firms protect their critical information, detect attempts to breach these protective controls and respond quickly and effectively.
• We do not operate in a zero failure environment and cyber-attacks will actively adapt to defensive controls.
• Resilience is key. Build effective cyber capability, implement effective accountability, and be prepared and able to enter recovery at any time.
• Put the foundational elements in place, help your people to be secure and implement effective governance.

More Than 150 Swiss Companies Go Live On The SIX Trade Repository And Fulfill Their FMIA Derivative Reporting Obligations

Date 26/01/2018

After a successful go-live with large financial counterparties (FC+) on 1 October 2017, the SIX Trade Repository, the only FINMA-approved Swiss trade repository, has now followed this up by bringing more than 150 Swiss institutions on to the system, meeting the derivative transaction reporting deadline of 1 January 2018 for small financial counterparties (FC-) and large non-financial counterparties (NFC+).

Shenzhen Stock Exchange Spares No Efforts To Optimize The Bond Market

Date 26/01/2018

In recent years, in accordance with the decisions and arrangements of China Securities Regulatory Commission (“CSRC”) on the sound development of bond markets of stock exchanges, with the mission of serving the real economy at heart and the prevention of systematic risks as the bottom line, SZSE, committed to deepening reforms and development, has upheld and actively responded to the national development strategies, optimized product structure, improved its regulatory system and services, and continued to serve the real economy with the bond market in greater depth and breadth.

The Global Cost Of Cybercrime Will Reach Two Trillion Dollars By 2019, A Threefold Increase From 2015 Predicts Global Cyber Alliance

Date 26/01/2018

After a welcoming address from Giulia Lupato - PIMFA’s Senior Policy Adviser and Chair for the day – the 2018 financial crime conference began with an address from Robin Jones, Head of  FCA Technology – Resilience & Cyber Specialist Supervision. Robin spoke about cyber resilience, contingency planning, moving cyber security considerations beyond the remit of a company’s IT department to its board and creating a security culture in firms.

Saxo Bank Appoints Ulrik Ross As Head Of Group Treasury

Date 26/01/2018

Saxo Bank, the online multi-asset trading and investment specialist, today announces the appointment of Ulrik Ross as Head of Group Treasury, effective March 1, 2018. 

Eurex Simplifies Its Corporate Structure

Date 26/01/2018

Over the last two years, the regulatory framework and market structure changed significantly. Eurex, one of the leading derivatives marketplaces, adapts its global structure to the new reality. To best serve its clients, reduce complexity and improve agility, the exchange will change its set-up in Switzerland and strengthen its offering in Asia.

HKEX: Exchange Publishes Results Of Its Latest Review Of Disclosure In Issuers’ Annual Reports

Date 26/01/2018

• Disclosure in issuers’ annual reports is satisfactory, generally
• Areas for improvement include annual reports’ MD&A sections and issuers’ actions to address audit modifications