News Centre

Progress On prudential Regulation And Three Areas To Complete - Speech By Andrew Bailey, Deputy Governor, Prudential Regulation And Chief Executive Officer, UK Prudential Regulation Authority, Given At The City Banquet, Mansion House, London

Date 22/10/2015

My Lord Mayor, Ladies and Gentlemen - it is a great pleasure to be here again at the regulators dinner, and it is very good of you to entice so many people here tonight with the prospect of an evening with regulators.  I won’t speculate on how this ranks on the scale of evenings spent in our cosmopolitan capital city.  It is also a great pleasure to be speaking here tonight with Tracey.

The Rapidity Of Change - Speech By Tracey McDermott, Acting Chief Executive At The Financial Conduct Authority, Delivered At The City Banquet - Mansion House

Date 22/10/2015

My Lord Mayor, Ladies and Gentlemen. Thank you for that kind introduction. It is a great pleasure to be here this evening.

We are joined in London this week by the Chinese president. His presence here made me reflect on the phrase 'may you live in interesting times'.  This is often described as a Chinese saying although according to scholars there is, in fact, no equivalent phrase in Chinese and thus there is some doubt about its true origins. There is, however, no doubt that the last few years have indeed been interesting times for the financial services industry. And it is fair to say that it has been pretty interesting for regulators too.

City Of London Lord Mayor Alan Yarrow's Speech At City Banquet

Date 22/10/2015

At the City Banquet tonight at the Mansion House, held for an audience of regulators in the financial services industry, Lord Mayor Alan Yarrow will give the following speech (check against delivery).

Economic Analysis: Providing Insight To Advance The Missions Of The SEC And The PCAOB - Mark J. Flannery, Chief Economist And Director, Division Of Economic And Risk Analysis - Keynote Address At The Public Company Accounting Oversight Board’s Center For Economic Analysis 2015 Conference On Auditing And Capital Markets, Washington, D.C., Oct. 22, 2015

Date 22/10/2015

Good afternoon. Thank you, Luigi [Zingales], for that introduction. It is a pleasure to be here and speak with you today about a topic of great mutual interest: how economic analysis can — and should — inform the SEC and the PCAOB as we fulfill our missions. I plan to comment on areas of similarity and difference in the economic questions we confront and how we can transparently analyze them in our rulemaking and standard-setting efforts.

Canadian Securities Regulators Publish Mutual Fund Fees Research

Date 22/10/2015

The Canadian Securities Administrators (CSA) today published A Dissection of Mutual Fund Fees, Flows and Performance, independent research prepared by Professor Douglas Cumming, Ontario Research Chair at the Schulich School of Business at York University, along with coauthors Sofia Johan and Yelin Zhang, also from the Schulich School of Business. The research was commissioned by the CSA to assess whether sales and trailing commissions influence mutual fund sales.

SIFMA, Joint Trades Oppose Paul Amendment To Cybersecurity Information Sharing Act

Date 22/10/2015

SIFMA and a coalition of associations today submitted a letter to the Senate expressing opposition to the Paul Amendment #2564, which if added to the Cybersecurity Information Sharing Act (CISA) would undermine the bill’s goal of facilitating cyber threat information sharing that is needed to protect sensitive data.

ESMA Prepares For Entering Into Force Of Amended Transparency Directive

Date 22/10/2015

The Transparency Directive (TD), which creates a common basis for disclosure and dissemination of regulated information to the markets on a regular and on-going basis, was amended in 2013 and enters into force on 26 November 2015. 

NGX 2nd Annual Charity Trading Day Raises $250,000

Date 22/10/2015

NGX, a wholly-owned subsidiary of TMX Group and leading North American energy exchange, announced the results of the 2nd Annual NGX Charity Trading Day held on October 15, 2015. NGX will donate $250,000 in proceeds from the day's transactions to benefit three Calgary charities: the Tom Baker Cancer Centre, Special Olympics Calgary and The Calgary Homeless Foundation. NGX Charity Trading Day was founded last year to honour the memory of long-time employee Gary Gault.

Comptroller Of The Currency Statement Implementing Dodd-Frank Act Requirement to Increase Bank Reserve Ratio

Date 22/10/2015

Comptroller of the Currency Thomas J. Curry made the following statement at a board meeting of the Federal Deposit Insurance Corporation (FDIC) on his vote to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 requirement to increase the FDIC bank reserve ratio from 1.15 percent to 1.35 percent.

Tel Aviv Stock Exchange Trading Summary: October 18 - 22, 2015

Date 22/10/2015

• Trading on the Tel Aviv Stock Exchange (TASE) during the third week of October was marked by price increases in all leading stock indices;
• Communications companies shares rose by about 6.5%