News Centre

European Commission: Directive On Markets In Financial Instruments (MiFID II): Commission Suspends Referral Of Spain To The Court

Date 08/11/2018

The European Commission has decided to put on hold the referral of Spain to the Court of Justice of the EU for failing to implement the EU rules on markets in financial instruments (MiFID II), in light of the recent developments in the case.

ESAs Consult On Guidelines On Cooperation And Information Exchange For AML/CFT Supervision Purposes

Date 08/11/2018

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) launched today a public consultation on draft Guidelines on the cooperation and information exchange between competent authorities supervising credit and financial institutions for the purposes of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) supervision. The draft Guidelines are part of the ESAs’ wider work on fostering a common approach to AML/CFT within the EU.

SEC: Stock Research Firm And Co-Founders Charged With Deceiving Investors In Supposedly Unbiased Reports

Date 08/11/2018

The Securities and Exchange Commission today charged a stock research firm and its co-founders with defrauding investors by issuing reports purportedly based on “unbiased” and “not paid for” research when in reality they received thousands of dollars from issuers as a condition to providing each report.

EBA Updates Recommendation On The Equivalence Of Third Country Confidentiality Regimes

Date 08/11/2018

The EBA's equivalence assessment, which is based on the relevant provisions of the Capital Requirements Directive (CRD IV), has considered the following third country authorities as equivalent: 

• The ADGM Financial Services Regulation Authority – the Abu Dhabi Global Market;
• The Financial Supervisory Service – the Republic of South Korea;
• The National Bank of Moldova – the Republic of Moldova;
• The Securities and Futures Commission – Hong Kong.

EGX Chairman Meets With Representatives Of The AUC - Faculty Of Business Administration Demanding To Build A Database Of Women Cadres

Date 08/11/2018

Mohamed Farid, EGX Chairman held a meeting with representatives of the School of Business Administration at the American University on Monday to capitalize on the efforts regarding the activation of the terms of the Memorandum of Understanding (MOU) signed in July 2017. The MOU aims at enhancing women’s participation in the economic activity, especially in the corporate Board of Directors, which in turn enhances Sustainability.

Sector Resilience Exercise - A One-Day Exercise Designed To Test The Financial Sector’s Resilience To A Major Cyber Incident Impacting The UK

Date 08/11/2018

On Friday 9th November 2018, the Bank of England, in partnership with industry and other UK financial authorities (HM Treasury and Financial Conduct Authority), will host a one-day exercise designed to test the financial sector’s resilience to a major cyber incident impacting the UK.

ESAs Consult On Guidelines On Cooperation And Information Exchange For AML/CFT Supervision Purposes

Date 08/11/2018

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) launched today a public consultation on draft Guidelines on the cooperation and information exchange between competent authorities supervising credit and financial institutions for the purposes of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) supervision. The draft Guidelines are part of the ESAs' wider work on fostering a common approach to AML/CFT within the EU.

World’s Biggest Oil Traders Paid Middlemen Accused In ‘Car Wash’ Mega-Scandal, Global Witness Reveals

Date 08/11/2018

The world’s top two commodity traders used middlemen notorious for their role in Brazil’s mammoth “Car Wash” bribery scandal, Global Witness and Switzerland’s Public Eye can reveal.

Bidding Zone Reconfiguration / Europex Statement On Art 13 Elec Reg

Date 08/11/2018

Click here to download  a Europex position paper published today entitled: Article 13 (9) of the Electricity Regulation: The basic implementation phase for reconfigured bidding zones should be 24 instead of 12 months. 

SEC Charges EtherDelta Founder With Operating An Unregistered Exchange

Date 08/11/2018

The Securities and Exchange Commission today announced settled charges against Zachary Coburn, the founder of EtherDelta, a digital "token" trading platform. This is the SEC's first enforcement action based on findings that such a platform operated as an unregistered national securities exchange.