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European Council - Council Of The European Union: General Affairs Council (Art. 50), 20/07/2018 - Brexit

Date 20/07/2018

Main results

The Council, in EU27 format, was briefed by the EU's chief Brexit negotiator Michel Barnier on the state of play in the Brexit negotiations. The chief negotiator informed the ministers about where the negotiations stand regarding:

• the work to finalise the withdrawal agreement, including the backstop solution for the border between Ireland and Northern Ireland

• the discussions on future EU-UK relations.

OFR Futures Volume Surpasses 100K - Investors Show Strong Demand For New CME Group Product

Date 20/07/2018

CME Group, the world's leading and most diverse derivatives marketplace, today announced that total volume for its new Secured Overnight Financing Rate (SOFR) futures contract, launched on May 7, 2018, reached more than 100,000 contracts for the first time on July 19, 2018. Open interest also surpassed 20,000 contracts.

European Commission: Press Statement By Michel Barnier Following The July 2018 General Affairs Council (Article 50)

Date 20/07/2018

Ladies and gentlemen,

These were some of the questions we discussed yesterday with Dominic Raab.

We will continue this discussion. And we will look constructively at the answers that we will get to our questions.

But our main focus must be the finalisation of the Withdrawal Agreement.

Let me recall that the Withdrawal Agreement is the prerequisite for an orderly withdrawal, for the transition period, and for creating the trust that we need to build a solid partnership for the future.

Bank Of England, UK Financial Conduct Authority, UK Prudential Regulation Authority And UK Payment Systems Regulator Conduct Review Of Memorandum Of Understanding In Relation To Payment Systems In The UK

Date 20/07/2018

The Bank of England (BoE), the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Payment Systems Regulator (PSR) have a Memorandum of Understanding (MoU) that sets out the high-level framework the Authorities use to cooperate with one another, in relation to payment systems in the UK. The Financial Services (Banking Reform Act) 2013 requires the Authorities to review this MoU annually. The Authorities committed that this review would include feedback from regulated entities, and that a summary of the review’s findings would be published. 2018 saw the third such review.

BME: CASTELLANA PROPERTIES SOCIMI Receives Favourable Report From MAB

Date 20/07/2018

The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on CASTELLANA PROPERTIES SOCIMI, stating that it is eligible for admission to the market following a thorough review of all the information presented by the company.

HKFE Announces Revised Margins For Futures Contract

Date 20/07/2018

Please be advised that pursuant to Exchange Rule 617(d) and HKCC Rule 402, the Exchange and the Clearing House have determined that with effect from the commencement of trading on Tuesday, 24 July 2018, the margin levels of the following Futures Contract shall be as follows:   

ESMA Launches Dedicated Template For Systematic Internalisers Calculations Ahead Of August 1 Publication

Date 20/07/2018

The European Securities and Markets Authority (ESMA) has today provided access to the template which will be used to publish the first set of figures necessary for investment firms to assess whether they are systematic internalisers in specific financial instruments on August 1.

BME; VERACRUZ PROPERTIES SOCIMI To Start Trading On MAB On 24 July

Date 20/07/2018

The Board of Directors of MAB has approved the listing of VERACRUZ PROPERTIES SOCIMI, following a thorough review of all the information presented by the company and after the favourable assessment report on its listing issued by MAB’s Coordination and Admission Committee.

ESMA Writes To European Commission On Share Cancellation Under MMFR

Date 20/07/2018

The European Securities and Markets Authority (ESMA) has written to the European Commission asking it to provide clarity to market participants and investors on the issue of the compatibility of the reverse distribution mechanism (RDM), or share cancellation, with the Money Market Funds Regulation (MMFR).

Debt Management Office Lists N10.69bn FGN Sovereign Green Bond On Nigerian Stock Exchange

Date 20/07/2018

The Nigerian Stock Exchange (NSE) is pleased to announce the listing of the N10.69billion, 5-year, Federal Government Sovereign Green Bond at coupon rate of 13.48% on the Exchnage by Debt Management Office (DMO) on Friday, July 20, 2018. On the same day, the NSE also held a pre-listing conference for market participants, themed, ‘Exploring the Green Financing Opportunity: Green Bonds and Enabling Frameworks’ to highlight the opportunities available within the Green Bond market in Nigeria.