News Centre

Roll Weighted Version Of The S&P GSCI Launched By S&P Dow Jones Indices - Index Incorporates Capped Component Methodology For UCITS Compliance

Date 10/07/2013

S&P Dow Jones Indices announced today the launch of the S&P GSCI® Roll Weight Select, which aims to reduce the negative impact of contango by modifying the weights of the commodities according to the relative change in the realized roll yield for each commodity in the index. The Index is designed to maintain maximum liquidity by including only the most liquid front month contracts and only the 14 most liquid commodities representing each sector, according to the rules of the S&P GSCI Equal Weight Select.

Morgan Capital Advisors Joins SIX Swiss Exchange - New Participant On The Highly Liquid And Efficient Marketplace For Swiss And International Securities

Date 10/07/2013

Today, SIX Swiss Exchange welcomes Morgan Capital Advisors LLP as a new participant. Gregor Braun, Head New Member Sales, comments: "We wish our 111th participant successful trading on our high-performance platform." Morgan Capital Advisors is a proprietary trading company active across fixed income cash, derivative and ETF markets.

Advise Technologies Launches New AIFMD e-Filing Solution - Automated Tool Enhances Efficiency And Reliability For Filers

Date 10/07/2013

Advise Technologies, LLC, an award-winning software solutions provider for global regulatory and investor reporting, announced today that it has launched a new electronic filing tool for the Alternative Investment Fund Managers Directive (AIFMD) in Europe. The new offering will alleviate the filing process for investment advisors and provide a working solution based on the Annex IV reporting template of the AIFMD and related European Securities and Markets Authority (ESMA) guidance.

European Commission: Proposal For A Single Resolution Mechanism For The Banking Union – Frequently Asked Questions

Date 10/07/2013

1. Why is the Commission proposing a Single Resolution Mechanism in addition to the draft Bank Recovery and Resolution Directive?

The proposed Directive on Bank Recovery and Resolution (BRRD) (see IP/12/570) would, when adopted, determine the rules for how EU banks in difficulties were restructured, how vital functions for the real economy were maintained, and how losses and costs were allocated to the banks’ shareholders and creditors. It would provide more comprehensive and effective arrangements to deal with failing banks at national level, as well as arrangements to tackle cross-border banking failures.

Opalesque 2013 France Roundtable: Regulators, Lawmakers Already Discussing UCITS VI - French Institutions Show More Interest In Hedge Funds

Date 10/07/2013

Edouard Viellefond, a top regulator at French Autorité des marchés financiers (AMF), participated at the Opalesque 2013 France Roundtable, sharing unique insights not only into AIFMD but what is coming with UCITS V and the discussions the regulators and lawmakers are already having about UCITS VI.

European Commission Proposes Single Resolution Mechanism For The Banking Union

Date 10/07/2013

The European Commission has today proposed a Single Resolution Mechanism (SRM) for the Banking Union. The mechanism would complement the Single Supervisory Mechanism (SSM) (IP/12/953) which, once operational in late 2014, will see the European Central Bank (ECB) directly supervise banks in the euro area and in other Member States which decide to join the Banking Union. The Single Resolution Mechanism would ensure that – not withstanding stronger supervision - if a bank subject to the SSM faced serious difficulties, its resolution could be managed efficiently with minimal costs to taxpayers and the real economy.

Moscow Exchange: Results Of Auction For Placement Of The Russian Federation Government Bonds, Issue No25081RMFS

Date 10/07/2013

On July 10, 2013 the auction for placement of the Russian Federation government bonds, issue No 25081 RMFS, took place in the CJSC MICEX Stock Exchange.

A Comprehensive EU Response To The Financial Crisis: A Strong Financial Framework For Europe And A Banking Union For The Eurozone

Date 10/07/2013

INTRODUCTION

The financial crisis highlighted the need for better regulation and supervision of the financial sector. It is the reason why the European Commission has since 2010 proposed nearly 30 sets of rules to ensure all financial actors, products and markets are appropriately regulated and efficiently supervised. These rules are the basic framework for all 28 Member States of the EU and underpin a properly functioning single market for financial services.

UK's Financial Services Authority Annual Report 2012/13

Date 10/07/2013

This is the FSA's final Annual Report, covering the year leading up to its abolishment in April 2013.

State Aid: European Commission Adapts Crisis Rules For Banks

Date 10/07/2013

The European Commission has adapted its temporary state aid rules for assessing public support to financial institutions during the crisis. The main changes are aimed at improving the restructuring process and the level playing field between banks. In particular, banks will be required to work out a sound plan for their restructuring or orderly winding down before they can receive recapitalisations or asset protection measures. Moreover, in case of capital shortfalls, bank owners and junior creditors will be required to contribute as a first resort, before banks can ask for public funding.