News Centre

Saudi Arabias's Capital Market Authority Announcement Regarding Obligating Entities Listed On The Saudi Stock Exchange To Disclose Their IFRS Transition Progress On Phases

Date 21/08/2016

Reference to the transition plan to adopt the International Financial Reporting  Standards (the "IFRS"), which were endorsed by the Saudi Organization for Certified Public Accountants ("SOCPA") , who had resolved for entities listed on the Saudi stock Exchange (the "Exchange") to implement the IFRS starting from 1/1/2017, and moving forward from the Capital Market Authority (the "Authority") role in regulating and monitoring the works and activities of parties subject to the control and supervision of the Authority, and regulating and monitoring the full disclosures of information regarding financial securities and their issuers, and for the purpose of getting  the necessary comfort regarding the preparation of IFRS financial statements by entities listed on the Exchange before the due date, and getting the necessary comfort regarding the extent of commitment of the listed entities to the IFRS convergence plan, the Authority announces the Board of Commissioners resolution which obligates listed entities to disclose their IFRS transition progress on phases as follows:

HKEX Chief Executive Charles Li: Latest Charles Li Direct: Taking Mutual Market Access To The Next Level

Date 21/08/2016

HKEX Chief Executive Charles Li takes a closer look at Shenzhen Connect in his latest blog post, where he answers some key questions of the scheme.

CFTC Commitments Of Traders Reports Update

Date 19/08/2016

The current reports for the week of August 16, 2016 are now available.

New York State Department Of Financial Services Fines Mega Bank $180 Million For Violating Anti-Money Laundering Laws - Consent Order Requires Bank To Establish Effective Compliance Controls And To Retain Independent Monitor For Two Years

Date 19/08/2016

Financial Services Superintendent Maria T. Vullo today announced that Mega International Commercial Bank of Taiwan will pay a $180 million penalty and install an independent monitor for violating New York’s anti-money laundering laws.  The fine is part of a consent order entered into with the Department of Financial Services (DFS) pursuant to which Mega Bank shall take immediate steps to correct violations, including engaging an independent monitor to address serious deficiencies within the bank’s compliance program and implement effective anti-money laundering controls.  Mega Bank is a major international financial institution with approximately $103 billion in assets, including $9 billion at its New York branch.

Nigerian Stock Exchange Weekly Report For Week Ending 19 August 2016

Date 19/08/2016

A turnover of 1.375 billion shares worth N12.940 billion in 16,915 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.361 billion shares valued at N10.711 billion that exchanged hands last week in 16,070 deals.

TOM MTF Statistics Week 33, 2016

Date 19/08/2016

Click here to download the weekly statistics update of TOM MTF for week 33, 2016.

Monetary Authority Of Singapore Sets Out Strategies For Electronic Payments In Singapore

Date 19/08/2016

The Monetary Authority of Singapore (MAS) today articulated strategies to promote electronic payments in Singapore, and has published a “Singapore Payments Roadmap” which it has commissioned KPMG Advisory to produce. In a speech at the Sim Kee Boon Institute for Financial Economics, the Managing Director of MAS, Mr Ravi Menon, described ongoing initiatives for swift, simple, secure payments, enhancing convenience for customers and productivity for businesses.

Thai Listed Firms Show Strong Growth With Q2 Earnings Up 12%

Date 19/08/2016

• Q2 net profits worth THB 245 billion, 11.83 pct rise from a year earlier
• Total sales down 4.52 pct y-o-y at THB 2.51 trillion, but up 5.46 pct from Q1
• Lower costs boost gross profit margins to 25.62 pct

Approval Of Shenzhen Hong-Kong Stock Connect

Date 19/08/2016

The China Securities Regulatory Commission (CSRC), Hong Kong Securities & Futures Commission (SFC) issued a joint announcement on 16 August, 2016, approving in principle the establishment of mutual stock market access between Shenzhen and Hong Kong (Shenzhen-Hong Kong Stock Connect). The Stock Connect will be launched by Shenzhen Stock Exchange (SZSE), the Stock Exchange of Hong Kong Limited (SEHK), China Securities Depository & Clearing Company Limited (China Clear), and Hong Kong Securities Clearing Company Limited (HKSCC). It signifies a firm step forward towards legalization, market-orientation and internationalization of the Chinese capital market.

Malawi Stock Exchange Weekly Trading Report - 19 August, 2016

Date 19/08/2016

Click here to download Malawi Stock Exchange's weekly trading report for the week ending 19 August, 2016.