Hui succeeds Vanessa Lau, who will remain as HKEX Chief Operating Officer following a decade overseeing the exchange’s finance functions, including five years as Group CFO. In his new role, Hui will oversee HKEX’s Financial, Treasury and Investor Relations functions and will report to Chief Executive Officer Bonnie Y Chan. He will also join the…
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The regulator said the company failed to maintain adequate safeguards for customer information over an eight-year period. Between January 2014 and March 2022, FINRA claims it found that Wells Fargo did not have a supervisory system or written procedures reasonably designed to protect client data. They explained that when certain registered representatives left the firm,…
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The move comes after compensation was paid to consumers under the Compensation Scheme of Last Resort (CSLR). ASIC said Calaite Capital failed to comply with two determinations issued by the Australian Financial Complaints Authority (AFCA) on 8 July and 31 October 2024. The firm did not pay the required compensation, prompting the CSLR to step…
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The penalty was issued under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. It follows Cointree’s voluntary disclosure that it had not submitted SMRs within the required timeframes. AUSTRAC CEO Brendan Thomas said, “SMRs provide AUSTRAC and our law enforcement partners with information about suspected misuse of the financial system and this information goes on…
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The exchange went live with 2-year and 5-year Treasury futures contracts on Sunday, 18 May, at 9:00 p.m. ET, for trade date Monday, 19 May 2025. The launch builds on FMX’s introduction of SOFR futures in September 2024, which the firm believes will further broaden the platform’s appeal to global institutional clients. According to BGC,…
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The enhancements, jointly announced by the Securities and Futures Commission (SFC), the Hong Kong Monetary Authority (HKMA) and the People’s Bank of China last week on Thursday, are expected to allow investors to better manage interest rate risk linked to their renminbi (RMB) holdings. HKEX said its clearing subsidiary, OTC Clear, will work with the…
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The regulator alleged "repeated and systemic misleading conduct" over more than 14 years relating to short sale reporting. Filed in the New South Wales Supreme Court, the case marks ASIC’s first enforcement action involving short sale reporting. The regulator claims MSAL misreported at least 73 million short sales between December 2009 and February 2024, potentially…
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According to the firm, the solid performance was driven by increased settlement activity, fixed income issuance, and higher equity valuations amid market volatility. It also helped offset a 10% decline in interest and banking income, which fell to €255 million due to a lower interest rate environment. Increased cash balances partly cushioned the impact. Operating…
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Tomas Kindler has been appointed Head Exchanges and member of the Executive Board after serving in the role on an interim basis since January. A long-standing executive at SIX, Kindler has held the role of interim Head Exchanges since January 1, 2025. He previously served as Head Operating Office Exchanges and Head x-clear, and has…
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The firm said the move reflects growing demand for market data and analytics across the region. Mr. Nakagawa, based in Japan, will focus on market data sales, while Mr. Zou, based in Singapore, will lead the growth of analytics and indices services. Their appointments are part of Cboe’s strategy to strengthen its presence in Asia…
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