News Centre

Japan Financial Services Agency: Initial Coin Offerings (ICOs) - User And Business Operator Warning About The Risks Of ICOs

Date 27/10/2017

What are ICOs?

In general, an ICO collectively means an activity to raise funds from the public using a digital token issued by a company or an individual. It can also be known as a token sale. 

BME Posts A Net Profit Of €36 Million In The Third Quarter, Up 2.6% Year-On-Year

Date 27/10/2017

• Revenue for the third quarter increased 3.4% yoy while to the end of September it totalled €240.5 million, equal to that of the previous year
• Operating costs in the third quarter increased by 5.2% yoy and up until September they totalled €81.5 million, a 3% increase on the year
• BME’s coverage of its cost base with revenues not linked to volumes stood at 127% at the end of the third quarter
• The efficiency and ROE financial monitoring ratios for the first nine months stood at 33.9% and 35.9%, 11 and 17 points above the sector average respectively
• The investment flows channeled through the Exchange in the first nine months totalled €36.3 billion, up 53% yoy. BME ranks 7th in the world
• BME ranks 1st in the Eurozone and 3rd in Europe in terms of capital raised through IPOs.

UBS's Third-Quarter 2017 Results

Date 27/10/2017

UBS delivered good third quarter results with net profit attributable to shareholders up 14% year on year to CHF 946m. Reported profit before tax increased by 39% to CHF 1,221m and adjusted profit before tax increased by 16% to CHF 1,506m. The net tax expense for the third quarter was CHF 272m, including a net write-up of deferred tax assets of CHF 174m mainly driven by higher US profit forecasts beyond 2017. Group annualized adjusted return on tangible equity was 10.2%, or 13.3% excluding deferred tax assets.

ASIC Expands Network Of fintech Cooperation Agreements To Switzerland

Date 27/10/2017

On 18 October 2017, the Australian Securities and Investments Commission (ASIC) and the Swiss Financial Markets Authority (FINMA) entered a new agreement to cooperate on innovation in the financial sector.

U.S. Treasury Releases Third Report On The Administration’s Core Principles For Financial Regulation

Date 27/10/2017

The U.S. Department of the Treasury today released a report that examines the current regulatory framework for the asset management and insurance industries and makes recommendations to ensure the regulatory framework is aligned with the Administration's Core Principles for financial regulation.

The SEC Enforcement Division’s Initiatives Regarding Retail Investor Protection And Cybersecurity, Stephanie Avakian, Co-Director, Division of Enforcement, Washington, D.C., Oct. 26, 2017

Date 27/10/2017

Introduction

Good afternoon and thank you for inviting me to speak today. Before I begin, let me give the required disclaimer that the views I express here today are my own and do not necessarily represent the views of the Commission or its staff.

With that, I am very happy to be here and to talk about some of what we are doing in the Enforcement Division. This has been a year of transition for us. In May, we welcomed Jay Clayton as our new Chairman. And, in June, Steve Peikin and I were named Co-Directors of the Enforcement Division.

B3 Breaks New Records On Mini Ibovespa Futures Contract And Mini U.S. Dollar Futures Contract

Date 26/10/2017

B3’s Mini Ibovespa Futures Contract hit a record high today ending the day at 520.316 trades. The previous record of 520.039 Mini Ibovespa Futures Contract was recorded on October 25, 2017. B3’s Mini U.S. Dollar Futures Contract also hit a record high today ending the day at 1.072.594 contracts. The previous record of 1.024.963 was recorded on October 24, 2017.

RBS To Pay USD44 Million To Settle U.S. Fraud Claims

Date 26/10/2017

Royal Bank of Scotland has settled a US criminal investigation that accused its traders of defrauding clients on bond prices.

SEC Names Peter B. Driscoll As Director Of The Office Of Compliance Inspections And Examinations

Date 26/10/2017

The Securities and Exchange Commission today announced that Peter B. Driscoll has been named Director of the agency’s Office of Compliance Inspections and Examinations (OCIE).  Mr. Driscoll has served as OCIE’s Acting Director since January 2017.

Office Of Financial Research Update: "Size Alone is Not Sufficient To Identify Systemically Important Banks."

Date 26/10/2017

How can regulators determine which banks to hold to tougher standards to reduce risks to the financial system? U.S. bank regulators often use asset-size thresholds, assuming that larger banks pose more risks than smaller banks. Today, the U.S. Office of Financial Research issued an OFR Viewpoint paper, titled, "Size Alone is Not Sufficient to Identify Systemically Important Banks." This OFR viewpoint argues that a multifactor approach is superior to considering size alone in determining systemic importance.