News Centre

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.

Ontario Securities Commission Publishes Updated Rules Of Procedure And Practice Guideline For Comment

Date 21/04/2017

The Ontario Securities Commission (OSC) today published for comment proposed Rules of Procedure and Forms and a Practice Guideline for Commission proceedings.

KCG Announces First Quarter 2017 Results - KCG Accepts Proposal From Virtu Financial, Inc. To Acquire - All Outstanding Shares Of KCG's Class A Common Stock For $20 Per Share - A 46 Percent Premium To Unaffected Price - KCG Announces Consolidated Earnings Of $0.05 Per Diluted Share For The First Quarter Of 2017

Date 21/04/2017

KCG Holdings, Inc. (NYSE: KCG) today announced that it has reached a definitive agreement for Virtu Financial, Inc. (NASDAQ: VIRT) to acquire all outstanding shares of KCG's Class A Common Stock for $20.00 per share in cash. The price represents a premium of 46 percent over KCG's closing share price of $13.73 on March 14, 2017, prior to news reports of the proposal.

Intergovernmental Group Of Twenty-Four On International Monetary Affairs And Development

Date 21/04/2017

1. We held our ninety-seventh meeting in Washington D.C. on April 20, 2017 with Abraham Tekeste, Minister of Finance and Economic Cooperation of Ethiopia in the Chair, Ravi Karunanayake, Minister of Finance of Sri Lanka as First Vice-Chair; and Julio Velarde, Governor of the Central Bank of Peru as Second Vice-Chair.

Call For Candidates - Autorité Des Marchés Financiers Creates Investment Products Advisory Committee

Date 20/04/2017

The Autorité des marchés financiers (the "AMF") is calling for candidates to serve on an advisory committee on investment products, primarily mutual funds, exchange-traded funds, non-redeemable investment funds and individual segregated funds.

Readout From A Treasury Spokesperson On Secretary Mnuchin’s Meetings With Mexican Central Bank Governor Augustin Carstens

Date 20/04/2017

U.S. Treasury Secretary Steven T. Mnuchin met with Central Bank Governor Augustin Carstens of Mexico.  Secretary Mnuchin and Governor Carstens discussed the importance of working together on common objectives for the IMF and the G-20. The Secretary underscored the closeness of the bilateral relationship and working together on a thriving commercial relationship. Secretary Mnuchin and Governor Carstens highlighted the close partnership between Treasury and Banxico in countering illicit finance and importance of increased cooperation to disrupt criminal activity.

Federal Reserve Announces Two Enforcement Actions Against Deutsche Bank AG That Will Require Bank To Pay A Combined $156.6 Million In Civil Money Penalties

Date 20/04/2017

The Federal Reserve on Thursday announced two enforcement actions against Deutsche Bank AG that will require the bank to pay a combined $156.6 million in civil money penalties. The bank will pay a $136.9 million fine for unsafe and unsound practices in the foreign exchange (FX) markets, as well as a $19.7 million fine for failure to maintain an adequate Volcker rule compliance program prior to March 30, 2016.

Bloomberg And Bats Europe Announce Joint Initiative On MIFID II Reporting - Firms Will Benefit From Interconnection Of APA Services

Date 20/04/2017

Bloomberg and Bats Europe have today announced they plan to provide Bloomberg customers with the ability to use their respective Approved Publication Arrangements (APA)1 to fulfil MiFID II transparency reporting requirements.