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  • ESMA Publishes Updated Q&A On ETFs And Other UCITS Issues

    Date 27/11/2013

    ESMA has published an updated Questions and Answers (Ref. 2013/1547) concerning the Guidelines on ETFs and other UCITS issues.

  • European Commission Calls On The U.S. To Restore Trust In EU-U.S. Data Flows

    Date 27/11/2013

    Today the European Commission has set out the actions that need to be taken to restore trust in data flows between the EU and the U.S., following deep concerns about revelations of large-scale U.S. intelligence collection programmes have had a negative impact on the transatlantic relationship. The Commission's response today takes the form of (1) a strategy paper (a Communication) on transatlantic data flows setting out the challenges and risks following the revelations of U.S. intelligence collection programmes, as well as the steps that need to be taken to address these concerns; (2) an analysis of the functioning of 'Safe Harbour' which regulates data transfers for commercial purposes between the EU and U.S.; and (3) a report on the findings of the EU-US Working Group (see MEMO/13/1059) on Data Protection which was set up in July 2013. In addition, the European Commission is also presenting its review of the existing agreements on Passenger Name Records (PNR) (see MEMO/13/1054) and theTerrorist Finance Tracking Programme (TFTP) regulating data exchanges in these sectors for law enforcement purposes (see MEMO/13/1060).


  • The EU-US TFTP Agreement: Main Elements

    Date 27/11/2013

    The TFTP agreement between the European Union and the United States came into force on 1 August 2010– replacing a previous interim Agreement.

  • CBOE Introduces The CBOE Mid-Term Volatility Index - VXMT Measures Six-Month Volatility - Complements 30-Day VIX, Adds Another Measure To SPX Option Term Structure

    Date 27/11/2013

    Chicago Board Options Exchange, Incorporated® (CBOE®) today announced that it has created a new benchmark volatility index — the CBOE Mid-Term Volatility IndexSM (ticker: VXMTSM).  CBOE began disseminating values for the new Mid-Term Volatility Index today.

  • Speech By Clive Adamson, FCA Director Of Supervision - The FCA And The Future Of Retail Banking

    Date 27/11/2013

    Last year, I spoke about forthcoming regulatory changes in the UK, and about the importance of professionalism in financial services. Today, from a perspective of being almost eight months on since the creation of the FCA, I will talk about how far we have come but also about our vision of the retail banking market, a market that is evolving at a rapid pace.