News Centre

Council Of The EU: Supporting Persons Who May Lose Their Jobs In The Event Of No-Deal Brexit: Council Approves Draft Contingency Measures

Date 02/10/2019

The European Union is taking measures to help workers and self-employed persons across the EU‑27 whose jobs and professional activities may be affected as a consequence of no-deal Brexit.

American Financial Exchange® Announces One-Day Volume Record In AMERIBOR® Futures

Date 02/10/2019

The American Financial Exchange (AFX), electronic exchange for direct interbank lending and borrowing for American financial institutions, announced a record volume trading day on Monday, September 30 in the AMERIBOR futures complex. A record 585 contracts were traded across both the three-month and 7-day futures contracts, which is equal to $5.77 billion in notional value. This surpasses the record set on Thursday, September 12 when 325 contracts traded. AMERIBOR futures were launched on August 16, 2019.

US Federal Agencies Issue Final Rule To Update Management Interlock Rules

Date 02/10/2019

The federal bank regulatory agencies today finalized updates to rules restricting the ability of a director or other management official to serve at more than one depository institution or depository holding company. The updates provide relief for community banks that have $10 billion or less in total assets and are unchanged from the proposal announced in December 2018.

ESAs Joint Committee Defines Its Priorities For 2020

Date 02/10/2019

The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA) published today its 2020 Work Programme.

CFTC Orders Interdealer Brokers To Pay $25 Million For Fraud In FX Options Markets

Date 02/10/2019

The U.S. Commodity Futures Trading Commission announced today that it issued orders filing and settling charges against two interdealer brokers: BGC Financial, LP and GFI Securities, LLC.  The orders find that brokers employed by BGC and GFI on their respective emerging markets foreign exchange options (EFX options) desks made false representations that certain bids and offers were executable and that certain trades had occurred.  The orders were entered on Monday, September 30, 2019.

Statement By The European Commission Following President Jean-Claude Juncker's Phone Call With Prime Minister Boris Johnson

Date 02/10/2019

President Jean-Claude Juncker spoke to Prime Minister Johnson on the phone this afternoon. The Prime Minister informed the President about the contents of the UK's latest proposal – which includes a legal text, explanatory note and letter from Prime Minister Johnson.

EBA Publishes The Regular Basel III Capital Monitoring Report And An Update On The Compliance Of EU Banks With Liquidity Measures

Date 02/10/2019

The European Banking Authority (EBA) published today two reports, which monitor the impact of implementing the final Basel III reforms and the current implementation of liquidity measures in the EU. The EBA Basel III capital monitoring report is the latest in a regular exercise using the methodology of the Basel Committee of Banking Supervision and is not comparable to the broader Call for Advice report published in July 2019. The present report includes an assessment of the impact of the full implementation (to 2027) of the Basel III package on EU banks based on data as of 30 June 2018. The report on liquidity measures evaluates the liquidity coverage requirements currently in place in the EU. Overall, the EBA estimates that the Basel III reforms, once fully implemented, would determine an average increase by 19.3% of EU banks' Tier 1 minimum required capital.  The liquidity coverage ratio (LCR), which was fully implemented in January 2018, stood at around 149% on average in June 2018, well above the minimum threshold of 100%.

Moscow Exchange Trading Volumes In September 2019

Date 02/10/2019

Total trading volume across Moscow Exchange’s markets was RUB 67.7 trln in September 2019.

ESMA Updates MiFID II Q&As On Transparency And Market Structures Issues

Date 02/10/2019

The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) regarding transparency and market structures issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).

BIS - Fragmentation In Global Financial Markets: Good Or Bad For Financial Stability?

Date 02/10/2019

Focus

How does financial market fragmentation relate to financial stability? Does more fragmentation always imply less financial stability? Alternatively, might there be a trade-off between the two, with more fragmentation enhancing financial stability in some cases? Taking a cross-jurisdictional perspective, this paper reviews the literature with the aim of shedding light on the issue and making suggestions for further analysis.