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Refining The Stress Capital Buffer - Federal Reserve Vice Chair For Supervision Randal K. Quarles At Program On International Financial Systems Conference, Frankfurt, Germany

Date 05/09/2019

Introduction

Thanks to the Program on International Financial Systems and the European Central Bank for the opportunity to speak to you today. I would like to take as my text today this reflection of the 20th-century philosopher, sociologist, and welterweight champion of the world, Oscar de la Hoya: "There's always room for improvement, no matter how long you've been in the business." As all of you know, 2019 marks the 10-year anniversary of our stress testing program in the United States. In only 10 years, stress tests have developed from an innovative but untested tool to become a well-established element of the Federal Reserve's bank supervision program for large banks. But developing and running those first tests required a willingess to change, and an openness to innovation, which underly every advance in human endeavor—whether banking or boxing. In that same spirit of being open to change and innovation, my remarks will include some thoughts that might have seemed novel just a few years ago, but in my view, are ideas whose time has now come.

UK Financial Conduct Authority Appoints New Chief Economist

Date 05/09/2019

The Financial Conduct Authority (FCA) has appointed Kate Collyer as its Chief Economist. Kate is currently Chief Economist for Energy and Market Frameworks and Joint-Director of Analysis at Department for Business, Energy and Industrial Strategy (BEIS).

Palestine Securities Exchange Monthly Investor Newsletter - August 2019

Date 05/09/2019

Click here to download the August issue of the PEX Monthly Investor Newsletter.

SGX: Straits Times Index (STI) Quarterly Review - September 201

Date 05/09/2019

• Mapletree Commercial Trust to be added to the STI 

Methodology Change To All Qatar Stock Exchange Indices, Effective October 1st 2019

Date 05/09/2019

Qatar Stock Exchange hereby informs of a methodology change to all QSE indices effective October 1st 2019, as approved by QSE Index Committee and QFMA. 

Malaysia’s Securities Industry Development Corporation Appoints Tengku Zarina Tengku Chik As CEO

Date 05/09/2019

The Securities Industry Development Corporation (SIDC), the learning and development arm of the Securities Commission Malaysia (SC) welcomed Tengku Zarina Tengku Chik as its Chief Executive Officer on 1 September 2019. Prior to this appointment, Tengku Zarina was the Director of Corporate Resources in the SC.

UK Financial Conduct Authority Announces New Chair Of The Smaller Business Practitioner Panel

Date 05/09/2019

Charles Randell, Chair of the Financial Conduct Authority, has today announced the appointment of Marlene Shiels, Chief Executive of Capital Credit Union, as Chair of the FCA’s Smaller Business Practitioner Panel from 1 October 2019. She has been a member of the Panel since 2015 and succeeds Craig Errington, Group Chief Executive of Wesleyan.

Credit Suisse Selects Torstone’s Cloud-Based Post-Trade Platform Inferno, To Automate Its Equities Operations

Date 05/09/2019

Torstone Technology, a leading provider of post-trade securities and derivatives processing, today announces that Credit Suisse Securities (Canada) Inc. has selected its award-winning post-trade processing platform, Inferno, to replace the firm’s existing third party outsourced platform and service.   

ACER: Engie Global Markets Fined 2.3 Million Euros For Manipulating The UK Energy Market

Date 05/09/2019

In its decision, published today, Great Britain’s Gas and Electricity Markets Authority (OFGEM) found that Engie Global Markets (EGM) engaged in market manipulation, over a three-month period, in relation to the month ahead contract for the delivery of natural gas at the National Balancing Point (NBP) on the over-the-counter wholesale energy market. This breach of the EU Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) was sanctioned with a penalty of 2,128,236 GBP, around 2.3 million euros.

Shanghai Stock Exchange Releases "Implementation Measures For Business Of Non-Public Issuance Of Convertible Corporate Bonds By Non-Listed Companies"

Date 05/09/2019

In order to implement the policy requirements of the Party Central Committee and the State Council in the "Several Opinions on Financial Service for Private Enterprises", and give further play to the positive role of the exchange-traded bond market in serving the real economy, according to the unified deployment of the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange (SSE), the National Equities Exchange and Quotations (NEEQ) and China Securities Depository and Clearing Co., Ltd. (CSDC) jointly formulated and promulgated the “Implementation Measures for Business of Non-public Issuance of Convertible Corporate Bonds by Non-Listed Companies” (the “Implementation Measures” for short), expanding the scope of the issuers in the non-public issuance of convertible corporate bonds (the Convertible Bonds for short) from the innovative companies and startups to non-listed companies.