News Centre

Restoring Trust In EU-US Data Flows - Frequently Asked Questions

Date 27/11/2013

What is the Commission presenting today?

Today the European Commission has set out actions to be taken in order 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, which have had a negative impact on the transatlantic relationship.

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

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.

MNI Indicators: Chicago Business Barometer Down 2.9 points To 63.0 In November

Date 27/11/2013

• Business Barometer Three Month Average Highest for Two Years
• Employment Highest since October 2011

Traiana Announces Cross Jurisdiction UTI Management Solution

Date 27/11/2013

Traiana, the leading provider of pre-trade risk and post-trade processing solutions, announces that it has launched a comprehensive Unique Trade Identifier (UTI) management solution using the Harmony network.

Tribunal Upholds UK Financial Conduct Authority Fine On Firm For Misselling Complex Investments

Date 27/11/2013

The Upper Tribunal (Tribunal) has upheld the decision of the Financial Conduct Authority (FCA) to fine Scottish firm Westwood Independent Financial Planners (Westwood) £100,000 for communications and suitability failings in relation to geared traded endowment policies (GTEPs).

Hong Kong's Securities And Futures Commission Sanctions Daqing Dairy And Its Directors

Date 27/11/2013

The Securities and Futures Commission (SFC) has issued sanctions against Daqing Dairy Holdings Limited (Daqing Dairy) and its directors, Mr Wang De Lin and Mr Stephen Chiang Chi Kin for breaching the Code on Takeovers and Mergers (Takeovers Code).