News Centre

Statement Of CFTC Chairman J. Christopher Giancarlo On The Proposal To Amend Annual Privacy Notice Requirements To Implement The FAST Act

Date 30/11/2018

This proposal will revise Commission regulation 160.5’s privacy notice requirements to implement the Fixing America’s Surface Transportation (FAST) Act’s December 2015 statutory amendment to the Gramm-Leach-Bliley Act (GLBA).  In proposing to implement what is now almost a three-year-old statutory requirement, this proposal is a good demonstration of this Commission’s commitment to supporting good governance.

S&P Dow Jones Indices Europe Dashboard

Date 30/11/2018

• Roiled by Brexit tensions, global trade uncertainty, and sharp declines in commodity prices, European equities slipped in November.  The S&P Europe 350® fell 0.8% on the month and is now down 4.6% on the year. 
• The S&P United Kingdom declined 1.4% as markets anxiously awaited the outcome of Brexit negotiations.  Market uncertainty drove Pound price volatility to its highest levels since the Brexit referendum.  Though the EU and Prime Minister Theresa May have struck a tentative deal for the U.K's exit from the EU, it will still need to pass Parliamentary muster. 
• European sector results were mixed.  A sharp decline in oil prices weighed down the Energy sector, leading to a 6% decline on the month.  Broadly, commodity baskets declined, leading to a 6% decline for the Materials sector as well. It was not all doom and gloom, however; the Communication Services sector was the shining star, gaining 7.2%.

CFTC Approves A Proposed Rule To Provide Exception To Annual Privacy Notice Requirement

Date 30/11/2018

The Commodity Futures Trading Commission (CFTC) today approved a proposed rule to revise a CFTC regulation that requires certain futures commission merchants, retail foreign exchange dealers, commodity trading advisors, commodity pool operators, introducing brokers, major swap participants, and swap dealers to provide annual privacy notices to customers. Under the proposed rule these annual privacy notices would no longer be required where certain conditions are satisfied.

Federal Reserve Board Announces Plans To Present Janet L. Yellen Award For Excellence In Community Development

Date 30/11/2018

The Federal Reserve Board on Friday announced plans to recognize the exemplary work of Federal Reserve System staff with the presentation of a newly created Janet L. Yellen Award for Excellence in Community Development.

ESAs Publish Statement Clarifying Securitisation Disclosure Requirements And Consolidated Application Of Securitisation Rules For Credit Institutions

Date 30/11/2018

The European Supervisory Authorities (ESAs – European Banking Authority, European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority) have published a statement in response to industry concerns relating to severe operational challenges both in meeting the transitional provisions of the Securitisation Regulation disclosure requirements, as well as in complying with the EU requirements on risk retention, transparency, re-securitisation and criteria for credit-granting obligations on a consolidated basis by EU credit institutions engaged in local securitisation activities in third countries.

SIX Welcomes Contingency Measure Of Swiss Federal Council

Date 30/11/2018

Today, the Swiss Federal Council has adopted an ordinance that will come into effect on the same day. This ordinance will introduce a new "recognition regime" for foreign trading venues which trade Swiss shares. The ordinance was adopted due to the fact that the EU Commission has not yet decided to extend the equivalence recognition of Swiss legal and supervisory framework for trading venues with that of the EU. SIX welcomes the contingency measure of the Swiss Federal Council, a measure to protect the functioning of the Swiss stock exchange infrastructure, as it ensures that EU market participants continue to have access to the Swiss domestic market and are able to trade Swiss equities there.

EBA Provides Overview Of Competent Authorities Implementation And Transposition Of The CRD IV Package

Date 30/11/2018

The European Banking Authority (EBA) updated today all the information disclosed by EU Competent Authorities according to its Implementing Technical Standards (ITS) on supervisory disclosure, which was published in the EU Official Journal on 4 June 2014. This information, published in an aggregated format, provides an overview of the implementation and transposition of the Capital Requirements Directive (CRD IV) and Capital Requirements Regulation (CRR) across the EU. It also provides a detailed picture of the use of options and national discretions by each Competent Authority as well as information on the general criteria and methodologies used for the purpose of the supervisory review and evaluation process (SREP). Through such disclosure, the EBA remains committed to providing meaningful comparisons across the EU and to promoting convergence.

SIX Announces Closing Of The Acquisition Of SIX Payment Services By Worldline

Date 30/11/2018

As communicated in May 2018, SIX, the parent company of SIX Payment Services, announced today the completion of the acquisition of SIX Payment Services by Worldline. As part of this transaction SIX now holds a 27% equity stake in Worldline and will take two seats in the Worldline Board of Directors. As a result of the acquisition, the former offices of SIX Payment Services are now offices of Worldline but will continue to operate under the “SIX Payment Services” trade name until further notice.

ACER: Spanish National Regulatory Authority For Energy Fines Two Companies For Market Manipulation In The Natural Gas Market

Date 30/11/2018

The Spanish National Regulatory Authority for energy (CNMC) has fined Multienergía Verde, S.L.U.  with EUR 120,000 and Galp Gas Natural, S.A. with EUR 80,000 for engaging in market manipulation in the natural gas market.

Nigerian Stock Exchange Weekly Market Report For November 30th 2018

Date 30/11/2018

A total turnover of 1.199 billion shares worth N14.277 billion in 15,841 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.282 billion shares valued at N23.142 billion that exchanged hands last week in 11,467 deals.