News Centre

S&P Dow Jones Indices: Europe Dashboard

Date 31/01/2019

• European equities rallied all month long; the S&P Europe 350® rose in five weeks out of five to finish January with a gain of 6%, the best monthly total return for the benchmark since October 2015. Every country contributed positively in January, as equities picked up gains at month end thanks to a dovish surprise from the U.S. Federal Reserve.
• It wasn’t all good news, however; the IMF blamed softening demand in Europe for a worsening global outlook, while data showed Germany at risk of falling into a recession and Italy officially entering one.
• U.K. stocks gained 4% this month. Politicians on both sides of the U.K. Parliament struggled to agree on what they wanted from Brexit negotiations, only to align on a compromise that the E.U. says they can't have.

Joint Statement By The E3 Foreign Ministers Jean-Yves Le Drian (France), Heiko Maas (Germany), Jeremy Hunt (United Kingdom): New Mechanism To Facilitate Trade With Iran

Date 31/01/2019

France, Germany and the United Kingdom, in accordance with their resolute commitment and continued efforts to preserve the Joint Comprehensive Plan of Action (JCPOA) endorsed by United Nations Security Council resolution 2231, announce the creation of INSTEX SAS (Instrument for Supporting Trade Exchanges), a Special Purpose Vehicle aimed at facilitating legitimate trade between European economic operators and Iran.

New York State Department of Financial Services (DFS) Superintendent Vullo Advises Regulated Entities Of Final Deadline For Implementing Protections Under DFS’s Landmark Cybersecurity Regulation - All Covered Entities Must Be In Full Compliance With The Cybersecurity Regulation By March 1, 2019 - February 15, 2019 Compliance Certification Filing Deadline Is Approaching For Covered Entities To Submit A Statement Of Compliance For The Prior Calendar Year

Date 31/01/2019

Financial Services Superintendent Maria T. Vullo today reminded DFS-regulated entities and licensed persons covered by the Department of Financial Services (DFS)’s landmark cybersecurity regulation that the final implementation period for the regulation ends March 1, 2019.  New York’s first-in-the-nation cybersecurity regulation became effective March 1, 2017.  DFS implemented a two-year timeline for implementation of the regulation’s requirements, with a final compliance deadline of March 1, 2019.  The final step in the implementation timeline requires regulated entities that use third-party providers to put in place policies and procedures ensuring the security of information systems and nonpublic information accessible to, or held by, such providers.  Superintendent Vullo today also reminded all regulated entities that the second certification of compliance covering the prior calendar year must be filed electronically via the DFS cybersecurity portal on or before February 15, 2019.

Ontario Securities Commission Invites Innovative Ontario Businesses To Participate In Global Pilot

Date 31/01/2019

Today the Ontario Securities Commission (OSC) is inviting eligible innovative Ontario businesses to apply to participate in a pilot project to test financial products, services and business models across international borders. The project is an initiative of the Global Financial Innovation Network (GFIN), which consists of 29 organizations, including the OSC, committed to supporting financial innovation.

ISDA And Linklaters Launch Full Version Of ISDA Create – IM

Date 31/01/2019

ISDA and law firm Linklaters have today launched the full version of ISDA Create – IM, a new online solution that automates the process of producing and agreeing initial margin (IM) documentation and facilitates the creation of valuable structured legal data.

Alberta Securities Commission Joins International Network Committed To Supporting Financial Innovation

Date 31/01/2019

To help support innovation in the capital markets and the fintech (financial technology) industry, the Alberta Securities Commission (ASC) has become a member of the Global Financial Innovation Network (GFIN).

CFTC Charges Proprietary Trader With Spoofing In Soybean Futures Markets

Date 31/01/2019

The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Kevin Crepeau, of Chicago, Illinois, a trader at a proprietary trading firm, for engaging in spoofing in the Chicago Mercantile Exchange (CME) soybeans futures market. 

Eurex Repo To Act As Access To HQLAX Blockchain Solution

Date 31/01/2019

The development of the HQLAX target operating model, an innovative blockchain solution for collateral swaps in the securities lending market by Deutsche Börse Group and HQLAX, is showing significant progress. In March 2018, Deutsche Börse Group and HQLAX announced a cooperation for a securities lending offering based on R3’s Corda blockchain solution. It aims to facilitate more efficient collateral management of high-quality liquid assets (HQLAs), which are in heightened demand due to increased clearing and margin requirements under Basel III regulations.

Statement Regarding Nordic-Baltic Financial Crisis Simulation, January 2019

Date 31/01/2019

The Nordic and Baltic financial stability authorities have conducted a joint financial crisis management exercise. The exercise was held from 22 to 23 January 2019 and involved 31 authorities from Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden as well as relevant European Union authorities. A staff member of the International Monetary Fund observed the simulation. 

Notice Of ESMA’s Product Intervention Renewal Decision In Relation To Contracts For Differences

Date 31/01/2019

On 23 January 2019, the European Securities and Markets Authority (ESMA) adopted a Decision under Article 40 of Regulation (EU) No 600/20141 to restrict the marketing, distribution or sale of contracts for differences (CFDs) to retail clients. The Decision renews and amends ESMA Decision (EU) 2018/7962 on the same terms as the previous renewal decision, ESMA Decision (EU) 2018/16363.