News Centre

Office Of The Comptroller Of The Currency Bulletin: Margin And Capital Requirements For Covered Swap Entities: Interim Final Rule - No-Deal Brexit

Date 19/03/2019

Summary

This interim final rule addresses a covered swap entity's ability to service its cross-border clients in the event that the United Kingdom withdraws from the European Union without a negotiated withdrawal agreement.

CME Group Announces Record COMEX Copper Options Open Interest

Date 19/03/2019

CME Group, the world's leading and most diverse derivatives marketplace, today announced COMEX Copper options open interest reached a record 62,220 contracts on March 18, surpassing the previous record of 56,674 contracts set on February 22

Central Bank Independence As A Prerequisite For Financial Stability - Speech By Richard Sharp, Member Of The Financial Policy Committee, Bank Of England - Given At The Cass Business School, London

Date 19/03/2019

In his final speech as an external member of the Financial Policy Committee, Richard Sharp reflects on the independence of the committee and its achievements. He says the committee functions well, is effective and adds to our financial credibility.

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

Date 19/03/2019

Ladies and gentlemen,

Last week, the House of Commons voted against the Withdrawal Agreement and against a “no-deal” scenario.

But voting against “no deal” does not prevent it from happening.

Everyone should now finalise all preparations for a “no deal” scenario.

ESMA Publishes Its Data Operational Plan Under A No-Deal Brexit Scenario

Date 19/03/2019

The European Securities and Markets Authority (ESMA) has today published a statement in relation to the impact on ESMA’s databases and IT systems of a no-deal Brexit scenario on 29 March 2019.

UK Financial Conduct Authority Statement On Share Trading Obligations

Date 19/03/2019

The FCA's response to ESMA’s statement on share trading obligations under MiFID II(link is external).

ESMA’s Application Of The Trading Obligation For Shares Following A No-Deal Brexit

Date 19/03/2019

The European Securities and Markets Authority (ESMA) has published a statement on the impact on the MiFIR trading obligation for shares (TO) of the United Kingdom (UK) leaving the European Union (EU) on 29 March 2019 without a withdrawal agreement (no-deal Brexit), and without an equivalence decision for the UK by the European Commission (EC).

Office Of The Comptroller Of The Currency Fines Citibank, N.A. $25 Million For Violating The Fair Housing Act

Date 19/03/2019

The Office of the Comptroller of the Currency (OCC) today assessed a $25 million civil money penalty against Citibank, N.A., for violations of the Fair Housing Act.

EBA Updates List Of Other Systemically Important Institutions (O-SIIs)

Date 19/03/2019

The European Banking Authority (EBA) updated today the 2018 list of Other Systemically Important Institutions (O-SIIs) in the EU. O-SIIs - those institutions which, along with Global Systemically Important Institutions (G-SIIs), are deemed systemically important - have been identified by the relevant authorities across the Union according to harmonised criteria provided by the EBA Guidelines. This list also reflects the additional capital buffers that the relevant authorities have set for the identified O-SIIs. For the first time, the list of O-SIIs is made available in a user-friendly visualisation tool format, including the information on O-SII buffers assigned to identify institutions across the EU.

Qatar Stock Exchange Holds Workshop For Listed Companies On Investor Relations Mandatory Rules

Date 19/03/2019

Qatar Stock Exchange today held a workshop for listed companies in relation to the forthcoming introduction of a mandatory IR Rules regime.