News Centre

EBA Consults on the homogeneity of underlying exposures in securitisation

Date 15/12/2017

The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) specifying a set of criteria for the underlying exposures in securitisation to be deemed homogeneous, as part of the requirements under the new EU securitisation framework. The homogeneity requirement aims to facilitate the assessment of underlying risks by investors and to enable them to perform robust due diligence. Its application is, therefore, one of prerequisites for a more risk sensitive regulatory treatment of the securitisation. The RTS are applicable to both asset-backed commercial paper (ABCP) and non-ABCP securitisations. The consultation runs until 15 March 2018.

CFTC Issues Proposed Interpretation On Virtual Currency “Actual Delivery” In Retail Transactions

Date 15/12/2017

The Commodity Futures Trading Commission (CFTC) today announced a Proposed Interpretation concerning its authority over retail commodity transactions involving virtual currency, such as bitcoin. Specifically, the Proposed Interpretation sets out the CFTC’s view regarding the “actual delivery” exception that may apply to virtual currency transactions. The Proposed Interpretation is open for public comment for 90 days from publication in the Federal Register.

New RESPECT Index Portfolio - 11th Edition

Date 15/12/2017

• GPW has published the eleventh edition of the RESPECT Index portfolio
• The Index has a record-high number of 28 participating companies, including three new members
• The RESPECT Index has gained 85 percent since its first publication in 2009

Finansinspektionen: Conclusions From FI’s Analysis Of PersonalIinjury Claims Handling

Date 15/12/2017

The outcome of personal injury claims can have a considerable effect on the injured party. Some injured parties do not have confidence for the claims handling process at insurance undertakings. Given the total number of personal injury claims, there are relatively few complaints regarding claims handling. 

Nigerian Stock Exchange Weekly Stock Market Report For December 15th 2017

Date 15/12/2017

A total turnover of 1.852 billion shares worth N51.523 billion in 23,863 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 3.316 billion shares valued at N36.451 billion that exchanged hands last week in 29,771 deals.  

ESMA Provides Overview Of MiFID II Deferral Regimes

Date 15/12/2017

The European Securities and Markets Authority (ESMA) has today published a table compiling the supplementary deferral regimes applicable in different Member States for trading in non-equity instruments under the Market in Financial Instruments Regulation (MiFIR).

Federal Reserve Board Permanently Bars Lowell W. Mccoy, Angela Asbell, And Jacob Harrison From Banking Industry For Engaging In Separate Unsafe And Unsound Practices

Date 15/12/2017

The Federal Reserve Board on Friday permanently barred Lowell W. McCoy, Angela Asbell, and Jacob Harrison from the banking industry for engaging in separate unsafe and unsound practices.

CFTC Adds 21 Names To Its List Of Foreign Entities That Illegally Solicit U.S. Residents To Trade Binary Options And Forex - RED List Identifies Entities Operating Illegally

Date 15/12/2017

As part of the Commodity Futures Trading Commission’s (CFTC) ongoing efforts to help protect Americans from fraud, today the CFTC added 21 new names to the Registration Deficient List (RED List). These 21 new additions bring the total number of foreign entities on the RED List to 125. 

Citi, CME Group Implement Baton Systems’ Distributed Ledger Platform To Drive Down Cost Of Margin Funding

Date 15/12/2017

Citi and CME Clearing have implemented a real-time distributed ledger platform developed by Baton Systems, a payments technology provider. The solution allows a bank to view the collateral in its ledgers in real time, send cash or securities with one click to a clearing house, and receive an immediate acknowledgment, regardless of the current technologies they are deploying. 

ESMA Provides Further Guidance For Transactions On 3rd Country Trading Venues For Post-Trade Transparency And Position Limits Under MiFID II/MiFIR

Date 15/12/2017

The European Securities and Markets Authority (ESMA) has published two revised opinions providing guidance related to third-country trading venues for post trade transparency and position limits under MiFIDII/MiFIR.