News Centre

BETTER FINANCE: European Parliament Takes Consumer And Investor Protection Seriously In Financial Supervision Reform

Date 10/01/2019

BETTER FINANCE welcomes the latest amendments adopted by the ECON Committee to the reform of the European System of Financial Supervision (including the European Banking Authority (EBA), the European Insurance and Occupational Pension Authority (EIOPA), the European Markets and Securities Authority (ESMA) and the European Systemic Risk Board (ESRB).

Moscow Exchange Trading Volumes In December 2018

Date 10/01/2019

Total trading volume across Moscow Exchange’s markets increased by 1.5% to RUB 72.5 trln in December 2018.

ESMA: Summary Of Conclusions Board Of Supervisors Meeting 7 November 2018

Date 10/01/2019

The Chair reported on:

• His meetings with Members of the European Parliament, in particular the hearing of the Chairs of the European Supervisory Authorities (ESAs); 
• The activities of the European Systemic Risk Board (ESRB), in particular the reappointment of Mark Carney (Bank of England) as first Vice-Chair;  The activities of the Securities and Markets Stakeholder Group (SMSG); 
• The activities of the Joint Committee, in particular the targeted review of the PRIIPs Regulation and the ongoing discussions on the European Commission’s legislative proposal in relation to Anti-Money Laundering; 
• The activities of the International Organization for Securities Commissions (IOSCO), in particular on the October 2018 Board meeting and the draft administrative arrangement for the transfer of personal data between EU and non-EU authorities; and 
• The November 2018 Management Board meeting, in particular on the 2019 IT work programme, the 2020 budget and a report on the survey ESMA carried out on ESMA Groups. The Chair also reported on a discussion the Management Board had on the feasibility of delegating the internal settlement reporting under CSDR to ESMA.

FTSE Russell And Refinitiv Extend Fixed Income Relationship

Date 10/01/2019

• FTSE Russell and Refinitiv have a long-standing relationship in fixed income data
• Extension of relationship will provide customers globally with more choice through rich and broad fixed income data sets, analytics and indexes

TISE Breaks Records With New Listings In 2018

Date 10/01/2019

There were 865 new listings on The International Stock Exchange (TISE) during 2018.

NovitasFTCL Advises The Shareholders Of Commcise On Its Sale To Euronext

Date 10/01/2019

We are pleased to announce that NovitasFTCL acted as exclusive financial advisor to the shareholders of Commcise on its sale to Euronext.

CCRIF Expands Membership In Central America - Welcomes Panama

Date 10/01/2019

CCRIF SPC is pleased to announce that the Government of Panama has joined the Facility and has purchased parametric insurance cover for excess rainfall. Panama joined the Facility as a late entrant this policy year which began on June 1, 2018. CCRIF’s membership now stands at 21 countries – 19 Caribbean governments and 2 Central American governments. CCRIF welcomed four new countries to the Facility this policy year - British Virgin Islands, Montserrat, St. Maarten and now Panama, with Panama being the Facility’s second member from Central America.

ESMA Report Finds Investment Product Performance Highly Impacted By Charges

Date 10/01/2019

The European Securities and Markets Authority (ESMA) today publishes its first Annual Statistical Report (Report) on the cost and performance of retail investment products. The Report covers Undertakings for Collective Investment in Transferable Securities (UCITS), Alternative Investment Funds sold to retail investors (retail AIFs) and Structured Retail Products (SRPs). 

Nasdaq Technology Completes Its Recommended Public Cash Offer To The Shareholders And Warrant Holders Of Cinnober

Date 10/01/2019

On 18 December 2018, Nasdaq Technology AB, a wholly-owned indirect subsidiary of Nasdaq, Inc., announced the Revised Offer (see definition below). At the end of the extended acceptance period on 9 January 2019, the Revised Offer has been accepted by shareholders representing a total of 20,654,777 shares in Cinnober, corresponding to 91.0 percent of the total number of shares in Cinnober.1 This implies that Nasdaq Technology controls 98.2 percent of the total number of shares in Cinnober. 2 Nasdaq Technology will now complete the Revised Offer and, at the same time, is extending the acceptance period to 30 January 2019 in order to give the remaining shareholders an additional opportunity to accept the Revised Offer.

Industry Survey Highlights Need For Renegotiation Of Libor-Based Contracts

Date 10/01/2019

A survey conducted by JCRA, an independent financial risk management consultancy, and Travers Smith LLP, a full service City law firm, has found that a large majority of firms with exposure to Libor are yet to start making preparations for its discontinuation. With the benchmark set to be withdrawn in 2021, most of the firms surveyed have not started negotiating replacement language in their contracts that reference Libor.