News Centre

Office Of Financial Research Update: “How Safe Are Central Counterparties In Derivatives Markets?”

Date 02/11/2017

The OFR issued a working paper, titled, “How Safe are Central Counterparties in Derivatives Markets?” This paper uses credit default swap data to estimate the direct and indirect impacts of a default by CCP counterparties in derivatives trades. It finds that a CCP could be more vulnerable to failure than conventional stress tests have shown.

Thomson Reuters Launches Latest Greenhouse Gas Emissions Report - Highlights Relationship Between Decarbonization Strategies And Long-Term Financial Performance

Date 02/11/2017

Thomson Reuters today released its report, Global 250 Greenhouse Gas Emitters:  A New Business Logic, in tandem with the United Nation’s flagship emissions gap report. Both reports were released in advance of the upcoming Climate Change Conference (COP 23). The report was written in collaboration with CDP, an international not-for-profit organization holding the world’s largest collection of self-disclosed corporate environmental data, Constellation Research and Technology, a team of sustainability experts from Yale University, and BSD consulting, a global sustainability consultancy. Key contributions were also made from Baker McKenzie, KPMG, State Street GlobalExchange, the United Nations Gigaton Coalition, and the Norwegian Climate and Environment Ministry, and the European Space Agency. 

Office Of Financial Research Update: “The Global Financial Cycle”

Date 02/11/2017

The OFR posted remarks by Director Richard Berner at the International Monetary Fund 18th Jacques Polak Annual Research Conference on “The Global Financial Cycle.”

Robo Advice: An FCA Perspective - Speech By Bob Ferguson, Head Of Department, Strategy & Competition Division, FCA

Date 02/11/2017

Highlights

• We see automated advice as a valuable vehicle to help tackle the issues faced by those consumers who are unserved or underserved by more traditional advice models, as well as promoting competition in the UK financial advice market.
• Our Advice Unit continues to be active in providing regulatory feedback and external tools to firms developing an automated advice (or guidance) model. Use it!
• Automated advice brings its own risks, of course, but well-designed models have great potential for compliance risk reduction.
• We will supervise with a focus on outcomes – the suitability of recommendations for the consumer, acting where we see harm – a guiding principle set out in our Mission document.

20 Years FTSE / ATHEX Index Series

Date 02/11/2017

Crowned with success was the event organised by the Athens Stock Exchange on Wednesday, 1 November 2017, entitled: "The role of indexes as a means for enhancing company profiles and supporting investment decisions". Mark Makepeace, London Stock Exchange Group Director of Information Services and Chief Executive of FTSE Russell, was keynote speaker.

The Trading Volume On The Spanish Stock Market Reached €64.6 Billion In October, Up 47% Year-On-Year

Date 02/11/2017

• Trading volume grows 53% from September
• In the first ten months of the year trading volume totalled €557.6 billion
• The number of equity trades in October grew 47% from the previous month
• The trading volume in Financial Derivatives in October was up 1.2% year-on-year
• New admissions on MARF in October were up 27.8% on the year at €460 million

ISDA To Produce Comprehensive Analysis And Global Roadmap On Benchmarks Transition

Date 02/11/2017

The International Swaps and Derivatives Association, Inc. (ISDA) has announced that it has begun a comprehensive analysis of the issues and potential solutions related to transitioning financial market contracts and practices to new alternative riskfree rates (RFRs). The analysis will include a targeted global survey of buy- and sell-side firms and infrastructure providers to identify the means by which market participants can effectively implement regional benchmark transitions, as well as highlight possible challenges.

FINRA Foundation And Filene Research Institute Provide Free Resources To Help Credit Unions And Employers Launch Small-Dollar Loan Program To Support Employee Financial Wellness

Date 02/11/2017

The FINRA Investor Education Foundation (FINRA Foundation) and the Filene Research Institute (Filene) today announced the availability of free resources to help credit unions and employers with turn-key start-up of a small-dollar loan program designed to help workers avoid the high cost of alternative borrowing, establish or repair credit, and begin to save.

CFTC Orders Morgan Stanley And Co. Incorporated To Pay $350,000 Penalty For Omitting Futures And Options Data From Part 17 Large Trader Reports

Date 02/11/2017

The Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Morgan Stanley and Co. Incorporated (Morgan Stanley), a registered Futures Commission Merchant (FCM), for non-compliance with applicable rules governing Part 17 Large Trader reports to the CFTC spanning a ten-year period and affecting thousands of line items of information.

Aquis Exchange Hires Ip To Run Product Management - Role Created To Strengthen Service Levels To Growing Client Base

Date 02/11/2017

Aquis Exchange, the exchange services group, has hired Adrian Ip to the newly-created role of head of project/product management.