News Centre

Bank Of England: Stuck - Speech By Andy Haldane

Date 29/06/2015

Oliver Jeffers is an author and illustrator of children’s books.  In Stuck, he tells the story of a boy whose kite becomes lodged in a tree.  The boy makes vigorous attempts to dislodge the kite by throwing up objects, including a cat, a gorilla and an ocean-liner.  (The story is fictional.)  Yet the kite remains stuck. 

Securities Financing Transactions: European Council Confirms Agreement With European Parliament On Transparency Rules

Date 29/06/2015

On 29 June 2015, the Permanent Representatives Committee endorsed, on behalf of the Council, an agreement on improving the transparency of securities lending and repurchase transactions.

SEC Charges KKR With Misallocating Broken Deal Expenses

Date 29/06/2015

The Securities and Exchange Commission today charged Kohlberg Kravis Roberts & Co. (KKR) with misallocating more than $17 million in so-called “broken deal” expenses to its flagship private equity funds in breach of its fiduciary duty.

Moscow Exchange: Risk Parameters Change For The Securities RTKM, RTKMP

Date 29/06/2015

The following risk parameters for the securities RTKM, RTKMP will be changed:

ACER Recommends Adopting The NC On Emergency And Restoration And Launches The Market European Stakeholders Committee For Electricity

Date 29/06/2015

ACER publishes today its opinion and recommendation on the Network Code on Emergency and Restoration. ACER acknowledges that the Network Code is in line with the Framework Guidelines on Electricity System Operation, and its objectives, and therefore it recommends its adoption by the European Commission. Find out more here. 

European Commission: Transcript Of President Jean-Claude Juncker's Press Conference On Greece

Date 29/06/2015

What is at stake here is the essential spirit of European shared solidarity and responsibility. Other European countries went through very difficult times - Ireland, Portugal, Spain, Cyprus and Latvia - to name only these few countries.

DBS Bank Singapore Receives Approval To Issue Letters Of Credit For Trading On Dubai Mercantile Exchange

Date 29/06/2015

The Dubai Mercantile Exchange (DME) today announced that the DBS Bank’s Singapore office has been approved to issue Letters of Credit (LCs) for trading crude oil on the Exchange. DBS is the first Singapore bank to receive such approval and will be able to issue LCs directly from Singapore on behalf of its clients to guarantee deliveries of Oman crude oil through the DME.

Qatar Stock Exchange: Trading Suspension In The Shares Of Vodafone On Tuesday, June 30, 2015 Due To The Company’s AGM And EGM Held On That Day

Date 29/06/2015

Qatar Stock Exchange announces the trading suspension on Vodafone Qatar shares on Tuesday, 30 June 2015 due to its AGM and EGM being held on that day.

Dubai Financial Services Authority: Notice Of Consultation Paper Release

Date 29/06/2015

The DFSA has released the following for Consultation:

Consultation Paper No. 101 – Proposed Miscellaneous Amendments

Consultation Paper No. 102 – Property Funds and Money Market Funds

The NICE Actimize “Customer Due Diligence Market Survey” Finds 61 Percent Of Financial Institutions Are Impacted By CDD/KYC Regulatory Changes - Data Quality And Availability, And Reliance On Manual Processes, Were Highlighted As Among The Institutions’ Greatest Operational Challenges

Date 29/06/2015

NICE Actimize, a NICE Systems (NASDAQ:NICE) business and the largest and broadest provider of financial crime, risk and compliance software for the financial services industry, has found that 61 percent of financial institutions are affected by Know-Your-Customer (KYC) regulatory changes and have noted an impact on their compliance operations in a number of areas, according to a new market survey it conducted.