News Centre

SEC Economist Receives Award For Academic Work On Market Insights

Date 06/03/2017

Securities and Exchange Commission economist Dr. Giulio Girardi today received The Financial Analyst Journal’s Graham and Dodd Top Award for 2016.  Dr. Girardi is a Branch Chief in the SEC’s Division of Economic and Risk Analysis’s (DERA) Office of Risk Assessment. 

UK's Competition Appeal Tribunal: Intercontinental Exchange, Inc Versus Competition And Markets Authority

Date 06/03/2017

Summary

Judgment of the Tribunal in connection with applications by Intercontinental Exchange, Inc. (“ICE”) for review, under section 120 of the Enterprise Act 2002 (“the Act”), of the following decisions of the Competition and Markets Authority (“the CMA”): (1) the CMA report dated 17 October 2016 (“the Report”) in which it found that ICE’s purchase of the entire issued share capital of Trayport Inc and GFI TP Ltd and their subsidiaries (together, “Trayport”) (“the Transaction”) was likely to result in a substantial lessening of competition (“SLC”) within the meaning of section 35 of the Act; and (2) the direction (“the Direction”) issued by the CMA on 10 November 2016 directing ICE and Trayport (“the Merging Parties”) to cease implementation of an agreement entered into between the Merging Parties on 11 May 2016 (“the New Agreement”). 

Intercontinental Exchange Statement On Competition Appeal Tribunal’s Trayport Ruling

Date 06/03/2017

Intercontinental Exchange (NYSE: ICE) notes today’s ruling by the Competition Appeal Tribunal (CAT) with respect to ICE’s appeal against the Competition and Market Authority (CMA) prohibition decision in connection with the acquisition of Trayport.

EBA Publishes Opinion On Transitional Arrangements And Credit Risk Adjustments Due To The Introduction Of IFRS 9

Date 06/03/2017

The European Banking Authority (EBA) published today an Opinion addressed to the European Commission, Parliament and Council and to all competent authorities across the EU on transitional arrangements and credit risk adjustments to mitigate the effect of the accounting standard IFRS 9 on prudential ratios. The EBA supports the progressive recognition of the initial impact of IFRS 9 from 1 January 2018 until 2021.

An Announcement From The Saudi Arabian Capital Market Authority Regarding The Decision Issued By The Appeal Committee For The Resolution Of Securities Disputes Convicting Violators Of The Capital Market Law And its Implementing Regulations

Date 06/03/2017

The Capital Market Authority announces that the Appeal Committee for the Resolution of Securities Disputes has issued its decision dated 25/05/1438H corresponding to 22/02/2017G on the lawsuit filed by the Capital Market Authority against Mohammad Abdullah Mohammad Alnugaidan and Abdulaziz Abdulrahman Othman Alothman. The Appeal Committee's decision endorsed the decision of the Committee for the Resolution of Securities Dispute that convicted the defendants of violating Article (49) of the Capital Market Law and Article (2) of the Market Conduct Regulations by trading the shares of (Allianz Saudi Fransi, Red Sea Housing Services, Al Akaria, Tihama  and Saudi Industrial Exports companies) during the period from 07/01/2012 until 02/05/2012. These practices constituted manipulation and fraud and created a misleading and incorrect impression about the security of the mentioned companies.

Vienna Initiative: New Working Group On Capital Markets Union For CESEE Region

Date 06/03/2017

The Vienna Initiative has agreed to establish a Working Group on Capital Markets Union. This follows the European Union's push to strengthen Capital Markets which will have a major impact on financing of investment and sustaining growth in the Central, Eastern and South-Eastern Europe region (CESEE). "Strengthening and diversifying sources of finance is crucial in the region today, as the regional catching up process advances and a new model for growth emerges", commented Werner Hoyer, the President of the European Investment Bank (EIB), which is hosting this year's Vienna Initiative 2 Full Forum at its headquarters in Luxembourg. 

Launching The Amman Stock Exchange Accounts On Social Media

Date 06/03/2017

On March5, 2017 the ASE has launched its accounts on social media "Facebook and Twitter" under the name "Amman Stock Exchange" or "ASE" .

Chubb Adds Senior Management Positions In The UK And Ireland

Date 06/03/2017

Chubb today announced two new senior management positions in the UK and Ireland, as the company evolves its structure to serve the future insurance and risk management needs of brokers and clients in the region.

CISE Completes Rebrand To TISE

Date 06/03/2017

The Channel Islands Securities Exchange (CISE) has today completed its rebrand to The International Stock Exchange (TISE).

Statement By The Chartered Body Alliance: Chartered Body Alliance Response To ESMA Guidelines

Date 06/03/2017

The Chartered Body Alliance (the Alliance) notes the new ESMA guidelines which come into force from January 2018 and require most advisers to have ‘qualifications’.