News Centre

Office Of The Comptroller Of The Currency Releases Bank Supervision Operating Plan For Fiscal Year 2018

Date 28/09/2017

The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2018.

The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual banks. OCC staff members use this plan to guide their supervisory priorities, planning, and resource allocations. The plan outlines the supervisory priorities for the National Risk Committee, Large Bank Supervision, Midsize and Community Bank Supervision, Compliance and Community Affairs, the Office of the Chief National Bank Examiner and the supervision of technology service providers.

CFTC Orders Connecticut-Based Tillage Commodities, LLC To Pay A $150,000 Civil Monetary Penalty For Supervision Failures

Date 28/09/2017

The Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Connecticut-based Tillage Commodities, LLC (Tillage), a Commodity Pool Operator (CPO), for failure to supervise its fund administrator’s operation of the commodity pool’s bank account containing pool participants’ funds. Tillage has been registered as a CPO with the CFTC since 2013, with its principal office located in Stamford, Connecticut.

Luxembourg And China Strengthen Collaboration And Commit To Working Closer Together In Climate Finance

Date 28/09/2017

Luxembourg’s Minister of Finance, Pierre Gramegna, is in China for high-level bilateral meetings this week, including with Minister of Finance Xiao Jie and Governor Zhou Xiaochuan of the PBOC. The Minister is heading a delegation of more than 70 key decision-makers from Luxembourg’s financial services industry.

Etch ICO To Revolutionise Payroll Platform Boosted By KPMG Collaboration

Date 28/09/2017

It is revealed today (Thursday September 28) that Etch (www.etch.work), a UK business hosting an Initial Coin Offering (ICO) that runs until Wednesday October 18 2017, is receiving support from one of the world’s ‘big four’ accountancy firms, KPMG.

EEX: Exchange Council Backs Phelix-DE As The Way Forward For German Power Futures

Date 28/09/2017

On Friday 22nd September, the Exchange Council of the European Energy Exchange (EEX) held its third meeting of 2017 in Paris. The meeting was chaired by Dr Michael Redanz, Managing Director of EWE Trading GmbH. The Exchange Council discussed a wide range of topics including the significant volume growth of the Phelix-DE Future since launch as well as EEX’s implementation strategy ahead of the upcoming MiFID II deadline.

The Independent Bank Of England--20 Years On, Federal Reserve Vice Chairman Stanley Fischer At "20 Years On," A Conference Sponsored By The Bank Of England, London, England

Date 28/09/2017

UPDATE -- Nasdaq Announces Exploration Of Strategic Alternatives For Public Relations Solutions And Digital Media Services Businesses

Date 28/09/2017

Nasdaq, Inc. (Nasdaq:NDAQ) announced today that it has commenced a process to evaluate potential strategic alternatives for the Public Relations Solutions and Digital Media Services units within its Corporate Solutions business. This process is a result of Nasdaq's refined strategic direction, which emphasizes the company allocating more resources towards technology, data and analytics opportunities, leveraging its capital markets foundation.

Sage Launches Credit Index To Track Highly Liquid ESG Securities

Date 28/09/2017

Sage Advisory Services (“Sage”), a fixed income investment management firm, has launched the Sage ESG Intermediate Credit Index, with Wilshire Associates retained as index consultant and calculation agent. The index uses Sage’s proprietary ESG factor analysis framework and rules-based selection process. It is designed to maximize exposure to positive Environmental, Social& Governance (ESG) characteristics, while maintaining a high level of liquidity.

CFTC Chairman Giancarlo Appoints Brian A. Bussey As Director Of The Division Of Division Of Clearing And Risk - Acting Director John Lawton’s Interim Leadership Lauded For His Years Of Dedicated Service

Date 28/09/2017

U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo announced today the appointment of Brian A Bussey as the new Director of the agency’s Division of Division of Clearing and Risk (DCR). Bussey is currently the Associate Director for Derivatives Policy and Trading Practices in the Securities and Exchange Commission’s (SEC) Division of Trading and Markets. He will join the CFTC on October 16th. In addition, Chairman Giancarlo thanked John C. Lawton, who served as the Acting Director of DCR, for his years of dedication and service to the CFTC.

Harmonisation Of The Unique Product Identifier (UPI) – Guidance Issued By CPMI-IOSCO

Date 28/09/2017

A new report provides technical guidance to authorities on a uniform global Unique Product Identifier (UPI) applying to over-the-counter (OTC) derivatives transactions. The report, entitled Harmonisation of the Unique Product Identifier, is a joint publication by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO).