News Centre

Kaizen’s Regulatory Reporting Service For Financial Firms Wins Queen’s Award For Enterprise

Date 21/04/2017

• ReportShield is an automated service that tests 100% of regulatory reports. Traditional methods only test small data samples.
• Financial firms welcome simple and transparent solution to complex regulatory reporting problem.

Turquoise Plato Announces Solution To Liquidity Issues Facing Small Businesses

Date 21/04/2017

Plato Partnership Limited (“Plato Partnership”), a not-for-profit company bringing creative solutions and efficiencies to today’s equity marketplace, and Turquoise, the European multilateral trading facility, today announce their intention to develop a mechanism that allows users to call a liquidity event for less liquid securities, including small and medium-sized enterprises (SMEs).

AnaCap Acquires French Business Intelligence Provider Ellisphere - Financial Services Specialist AnaCap Acquires Market Leader From Natixis For An Undisclosed Sum

Date 21/04/2017

AnaCap Financial Partners (“AnaCap”), the specialist European financial services private equity firm, has acquired Ellisphere, a leading French business intelligence company, from Natixis SA.

The Shenzhen Stock Exchange Revised Interest-bearing Method For Repo Transaction

Date 21/04/2017

The volatility of pledge-style repo rates has increasingly become a market concern as turnover of repo transactions (repo) increases along with the constant expansion of the exchange bond market in recent years. In order to further enhance the interest-bearing mechanism for repo, smooth out volatility of repo rates and solve the “holiday effect” problem, Shenzhen Stock Exchange (SZSE) has recently amended the SZSE Detailed Rules for the Implementation of Bond Trading by changing the number of the interest-bearing days for the repurchase price from nominal days to the actual days of funds outstanding. The repurchase price for repos entered into before that date will still be calculated according to the former formula.

Closure Of Bursa Malaysia In Conjunction With Installation Of Yang Di-Pertuan Agong

Date 21/04/2017

Bursa Malaysia Berhad and its subsidiaries will be closed on Monday, 24 April 2017, in conjunction with the installation of Sultan Muhammad V as Malaysia’s 15th Yang di-Pertuan Agong.

Launch Of ASX 100 Cyber Health Check Report

Date 21/04/2017

The ASX 100 Cyber Health Check Report was launched today by the Minister Assisting the Prime Minister for Cyber Security, The Hon Dan Tehan MP, at a ceremony in Sydney hosted by ASX Chairman Rick Holliday and also featuring ASIC Commissioner Cathie Armour.

Hong Kong's Securities And Futures Commission Bans Daniel Chen Chi Lik For Life

Date 21/04/2017

The Securities and Futures Commission (SFC) has banned Mr Daniel Chen Chi Lik, a former staff of Bank of China (Hong Kong) Limited (BOCHK), from re-entering the industry for life following his conviction for theft by the Eastern Magistrates’ Court in October 2016.

ASIC Signs Fintech Cooperation Agreement With OJK To Promote Innovation In Financial Service

Date 21/04/2017

The Australian Securities and Investments Commission (ASIC) and Indonesia's Otoritas Jasa Keuangan (OJK) have entered a Cooperation Agreement to promote innovation in financial services in their respective markets.

Saudi Stock Exchange: Amending The Instructions Related To The Announcements Of Listed Companies

Date 21/04/2017

Further to the CMA efforts to enhance and develop disclosure and transparency procedures and principles of the listed companies announcements; in an endeavor to apply the best standards related to the companies' disclosure to investors and participants in the Exchange, and in order for the instructions of the announcements of listed companies to comply with the provisions of the Corporate Governance Regulations, the Regulatory Rules and Procedures Issued Pursuant to The Companies Law Relating To Listed Joint Stock Companies, The Instructions and Procedures Related To Listed Companies With Accumulated Losses Reaching 20% or More Of Its Capital, and amending the transactions settlement cycle of listed securities from (T+0) to (T+2). and pursuant to the Capital Market Law issued by Royal Decree Number (M/30) dated 2/6/1424H, the CMA Board has issued its resolution dated 22/7/1438H, corresponding to 19/4/2017G amending the instructions related to announcements of listed companies. These changes will be affective starting from 25/7/1438H, corresponding to 22/4/2017G.

What A Difference A Decade Makes - Speech By Mark Carney, Governor Of The Bank Of England, Chair Of The Financial Stability Board

Date 21/04/2017

It’s a pleasure to be back at the IIF’s Washington Policy Summit.

Last time I spoke here (in 2011) it was still early in the international financial reform process. From the IIF’s perspective at the time, there were three major concerns:

• The consistency of implementation across the G20; 
• The possibility of significant regulatory arbitrage in shadow banking; and 
• Whether the FSB/G20’s ambitious agenda would impair the recovery.