News Centre

FTSE TMX And State Bank Of India To Launch FTSE SBI India Bond Index

Date 12/11/2015

• First FTSE TMX product dedicated to Indian fixed income securities
• Developed in partnership with State Bank of India for new investment fund
• Project will strengthen UK-Indian financial ties

FSB Publishes Reports On Transforming Shadow Banking Into Resilient Market-Based Finance

Date 12/11/2015

The FSB is publishing today:

1. Progress report on Transforming Shadow Banking into Resilient Market-based Finance: This report sets out actions taken to implement the FSB’s two-pronged strategy to address financial stability concerns associated with shadow banking over the past year, and next steps.

EBA Updates On Remuneration Practices And The Use Of Allowances Across The EU

Date 12/11/2015

The European Banking Authority (EBA) published today a follow up report on the actions taken following the publication of its Opinion on the use of allowances, in October 2014, where Competent Authorities were asked to use all necessary supervisory measures to ensure that by 31 December 2014 those institutions using the so called ‘role-based allowances' adjust their remuneration policies in line with the criteria set out in the Opinion.  The follow-up report concluded that Competent Authorities have taken measures in this respect and, where necessary, asked institutions to implement the necessary changes. However, such measures will, in most cases, only be effective for the remuneration awarded for the performance year 2015, while only in few cases were changes to institutions' remuneration policies and practices already made for the performance year 2014.

SIFMA Asset Management Group Statement On The ISDA 2015 Universal Resolution Stay Protocol

Date 12/11/2015

SIFMA’s Asset Management Group today released a statement from Laura Martin, managing director and associate general counsel, after the announcement of the expanded ISDA 2015 Universal Resolution Stay Protocol (“Protocol”), a standardized approach for banks to comply with prudential regulatory initiatives relating to cross-border contracts:  

Tel Aviv Stock Exchange Trading Summary: November 8 - 12, 2015

Date 12/11/2015

• Trading on the Tel Aviv Stock Exchange (TASE) during the second week of November was marked by a mix trend in the leading shares indices; 
• The US biomed company "Celsion" - whose shares are traded on the NASDAQ, listed its shares for trading on the TASE;  
• Continued offerings in the bond market 

EBA Consults On Draft Guidelines On The Treatment Of CVA Risk Under SREP

Date 12/11/2015

The European Banking Authority (EBA) launched today a public consultation on Guidelines on the treatment of credit value adjustment (CVA) risk under the supervisory review and evaluation process (SREP), as well as a data collection exercise for the Quantitative Impact Study (QIS) to calibrate the threshold values. These Guidelines are based on a policy recommendation contained in the EBA's CVA report and aim to provide a common European approach to the assessment of CVA risk under SREP, including adequacy of capital to cover for this risk, and the determination of any potential  additional own funds requirements. The public consultation runs until 12 February 2016 and the data collection exercise should be completed on 28 January 2016.

EBA Publishes Benchmarking Report On The Use Of Higher Ratios For Variable Remuneration

Date 12/11/2015

The European Banking Authority (EBA) published today a report benchmarking the institutions' remuneration practices concerning the use of the possibility to increase the maximum ratio between variable and fixed remuneration up to 200%. The Capital Requirements Directive (CRDIV) limits the aforementioned ratio to 100%, unless it is increased following the shareholders' approval. The report also shows that nearly all Member States have allowed for the possibility to increase the ratio between the two remuneration components to 200% but only institutions in 15 Member States have actually made use of this possibility.

SIFMA And Other Associations Announce New SFT Annex To The ISDA 2015 Universal Resolution Stay Protocol

Date 12/11/2015

SIFMA today announced the publication of a Securities Financing Transaction Annex (“SFT Annex”) that forms part of the ISDA 2015 Universal Resolution Stay Protocol (“Protocol”) that was also published today. The SFT Annex, developed jointly by SIFMA, the International Capital Market Association (“ICMA”) and the International Securities Lending Association (“ISLA”), in coordination with ISDA and the Financial Stability Board, expands the parameters of the original November 2014 ISDA Resolution Stay Protocol (“2014 Protocol”) to include securities financing transactions documented under certain securities financing master agreements sponsored by SIFMA, ICMA and ISLA.   

Culture And Governance - Speech By Mark Steward, Director Of Enforcement And Market Oversight At The FCA, Delivered At The MetricStream Governance, Research And Compliance Summit In London

Date 12/11/2015

Thank you for inviting me here this morning.

Just across the road from here is Lancaster Gate tube station and, around us, the visible remains of nineteenth-century London’s burgeoning middle class: a century of industrial business, around the corner from London’s first department store and the beginnings of retail shopping trade – i.e. the birth of the retail customer.

Khalid Al Hussan Acting Chief Executive Officer For The Saudi Stock Exchange

Date 12/11/2015

The Saudi Stock Exchange announces that Mr. Adel Saleh Al Ghamdi has submitted his resignation from his current duties as the Chief Executive Officer. The Board of Directors has accepted the resignation on 29/01/1437 ( 11/11/2015) and would like to take this opportunity to thank Mr. Adel for his efforts with the Exchange and wish him the best of luck.