News Centre

DMS Investment Management Services Ltd. Onboards ABR Dynamic Funds, LLC To UCITS V Platform

Date 15/11/2016

DMS Governance Ltd. (DMS), the world's leading fund governance firm, together with ABR Dynamic Funds, LLC (ABR) have announced the launch of the ABR Dynamic Blend Equity and Volatility Fund hosted on the DMS UCITS Corrib ICAV platform.  The ABR UCITS seeks to provide investors with participation in an equity bull market while also potentially providing positive absolute returns in an extended period of market crisis. 

Instinet Completes U.S. Equity Research Integration To Its Agency Execution Platform - Boutique Strategy Is Designed To Anticipate The Move Toward Unbundling

Date 15/11/2016

Instinet, LLC yesterday announced that it successfully integrated U.S. Equity Research and Research Sales into its market-leading cash equities platform, creating a multi-sector boutique research offering. Instinet initially announced its intent to offer U.S. equity research and U.S. research sales services in June of 2016.

Gunvor Closes US $725 Million Borrowing Base To Support ARA Refining Operations

Date 15/11/2016

Gunvor SA and Gunvor Belgium N.V., both subsidiaries of Gunvor Group, have closed a US $725 million borrowing base facility ("Facility"), which will provide working capital for Gunvor's refining activities in the Amsterdam-Rotterdam-Antwerp (ARA) region. The Facility was launched at US $700 million and was oversubscribed at US $805 million, before being scaled back to US $725 million.

EBA: Consultation On Guidelines PD Estimation, LGD Estimation And Treatment Of Defaulted Assets (EBA/CP/2016/21)

Date 15/11/2016

The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on the estimation of risk parameters for non-defaulted exposures, namely of the probability of default (PD) and the loss given default (LGD), and on the treatment of defaulted assets. These draft Guidelines are part of the EBA’s broader work on the review of the IRB approach aimed at reducing the unjustified variability in the outcomes of internal models, while preserving the risk sensitivity of capital requirements. The consultation runs until 10 February 2017.

EGX Is Hosting 25 Heads Of European And Asian Stock Markets In Sharm El Sheikh

Date 15/11/2016

The Egyptian Exchange (EGX) is hosting the annual conference of the Federation of Euro-Asian Stock Exchanges (FEAS) in Sharm El-Sheikh in presence of more than 25 heads of European, Asian and Arab Exchanges on 16 and 17 November.

EBA Consults On Guidelines For The Application Of The IRB Approach

Date 15/11/2016

The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on the estimation of risk parameters for non-defaulted exposures, namely of the probability of default (PD) and the loss given default (LGD), and on the treatment of defaulted assets. These draft Guidelines are part of the EBA's broader work on the review of the IRB approach aimed at reducing the unjustified variability in the outcomes of internal models, while preserving the risk sensitivity of capital requirements. The consultation runs until 10 February 2017.

Tehran Stock Exchange Lists A New ETF

Date 15/11/2016

TSE lists a new fixed-income ETF (Kian).

FIA: October 2016 SEF Tracker Now Available Online

Date 15/11/2016

Total trading volume on SEFs averaged $419.0 billion per day during the month of October, with a decrease of 13.6% from the previous month and 1.9% from October 2015. Please click the links below to access the data visualizations available through this online service.

Testimony On “Examining The SEC’s Agenda, Operations, And FY 2018 Budget Request”, SEC Chair Mary Jo White, Before The Committee On Financial Services United States House Of Representatives Washington, DC, Nov. 15, 2016

Date 15/11/2016

Chairman Hensarling, Ranking Member Waters, and Members of the Committee:

Thank you for inviting me to testify today regarding the current work and initiatives of the U.S. Securities and Exchange Commission (SEC or Commission), and the SEC’s FY 2018 Preliminary Authorization Request. The SEC is a critical agency that serves as the bulwark safeguarding millions of investors and the most vibrant markets in the world. Thanks to the exceptional work and commitment of our superb staff, the Commission has in recent years strengthened its operations and programs across the agency and has aggressively enforced the securities laws to punish wrongdoers, adopted strong measures that protect investors and our markets, and invested in the people and technology required to ensure that our markets remain the strongest and safest in the world. These and other efforts across our extensive areas of responsibility are all in furtherance of our essential mission: to protect investors; to maintain fair, orderly, and efficient markets; and to facilitate capital formation.

ESMA Finalises Guidelines On The Validation And Review Of CRAs’ Methodologies

Date 15/11/2016

The European Securities and Markets Authority (ESMA) has published today its Final Report on Guidelines on the validation and review of Credit Rating Agencies’ (CRAs) methodologies.