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  • G. H. Financials Joins DME As Clearing Member

    Date 27/03/2014

    G. H. Financials has today become a Clearing Member of DME, the Middle East’s premier international energy futures and commodities exchange.

  • EBA Publishes Final Draft Technical Standards On Own Funds (Part IV)

    Date 27/03/2014

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on own funds (Part IV) aimed at setting harmonised criteria for instruments with multiple distributions that would create a disproportionate drag on capital, as well as clarifying the meaning of preferential distributions. These RTS will be part of the Single Rulebook in banking aimed at enhancing regulatory harmonisation in the European Union (EU) and at strengthening the quality of capital.

  • CFTC Orders Morgan Stanley Smith Barney LLC To Pay $490,000 To Settle Charges Relating To Rules And Regulations Pertaining To Segregated And Secured Amount Funds

    Date 27/03/2014

    The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing and simultaneous settlement of charges against Morgan Stanley Smith Barney LLC (MSSB), a registered Futures Commission Merchant (FCM), for violating CFTC rules governing secured funds of foreign futures and option customers, commingling customer and firm funds, failing to prepare accurate daily computations of its segregated and secured funds, failing to properly title account statements for four customer segregated accounts, and failing to diligently supervise its employees handling of matters related to its business as a CFTC registrant. None of the violations resulted in any customer losses, according to the CFTC’s Order. The Order requires MSSB to pay a $490,000 civil monetary penalty and to cease and desist from violating the Commodity Exchange Act and CFTC Regulations, as charged.

  • Office Of The Comptroller Of The Currency: Deputy Comptroller Discusses Operational Risk

    Date 27/03/2014

    During her remarks before OpRisk North America, Deputy Comptroller for Operational Risk Carolyn DuChene today discussed the importance of effective operational risk management and oversight to mitigating the risks of today’s operational environment facing national banks and federal savings associations.

  • TheCityUK Comments On European Commission Report On Long Term Financing

    Date 27/03/2014

    TheCityUK welcomes today’s Communication from the European Commission on the long term financing of the European economy.