News Centre

Tehran Stock Exchange: Dr. Hassan Ghalibaf Asl Re-Elected Chief Executive

Date 14/11/2016

In the first session of the new board of directors meeting at Tehran Stock Exchange, Dr. Hassan Ghalibaf Asl was re-elected as the Exchange’s chief executive for the fifth consecutive term.

Smart Contracts Pioneer Symbiont Fortifies Board Of Directors - Appoints Former SEC Commissioner Gallagher And Former T.Rowe Price President Ruppert

Date 14/11/2016

Symbiont has appointed former SEC Commissioner Daniel Gallagher and Todd Ruppert, former CEO and President of T.Rowe Price Global Investment Services, to its Board of Directors. These appointments contribute a blend of capital markets management and regulatory expertise to the start-up’s expanding cabinet of industry veterans.

Securities And Exchange Board Of India Visit To Tehran Stock Exchange

Date 14/11/2016

On Monday 14 November 2016, the Chairman of the Securities and Exchange Board of India paid a visit to the Tehran Stock Exchange.

Effectiveness And Proportionality: Our Financial Crime Priorities - Speech By Rob Gruppetta, Head Of The Financial Crime Department At The FCA, At The FCA Financial Crime Conference

Date 14/11/2016

Highlights

• It is crucial that we work together across industry, regulators and government to fight financial crime.
• We know that there are unintended consequences of the anti-financial crime regime and we want these to be minimised wherever possible.
• We take a risk-based approach to regulation and focus our efforts where we think the risk is greatest.

PwC Launches New Fintech Capability Called ‘Vulcan Digital Asset Services’

Date 14/11/2016

PwC has today launched a new fintech capability called Vulcan Digital Asset Services to enable digital assets to be used for everyday banking, commerce and other personal currency and asset related services.

Ibdar Launches Parallel Shari’ah Trade Finance Fund

Date 14/11/2016

Bahrain-based wholesale Islamic Investment bank, Ibdar Bank, has announced the launch of the Barak Ibdar Shari’ah Trade Finance Fund, a parallel fund of the highly successful Barak Trade Finance Fund.

Moscow Exchange: Final Settlement Of Brent Derivatives In December 2016, February And May 2017

Date 14/11/2016

Due to public holidays in Russia, the final settlement date of the January Brent oil futures contracts (BR-1.17) will be changed to 30 December 2016, instead of 2 January 2017. The date will be changed technically after 1 December 2016 when the December Brent oil futures contracts (BR-12.16) expire.

ESMA: Final Report On The Clearing Obligation For Financial Counterparties With A Limited Volume Of Activity

Date 14/11/2016

Executive Summary

Reasons for publication

Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC Derivatives, CCPs and Trade Repositories (EMIR) requires ESMA to develop draft regulatory technical standards (RTS) in relation to the clearing obligation, in particular on the dates from when the clearing obligation takes effect. Following from this mandate, there are now three Commission Delegated Regulations on the clearing obligation that are based on draft RTS submitted to the European Commission by ESMA.

Fighting Financial Crime – Looking Forward And Back - Speech By Andrew Bailey, Chief Executive At The FCA, Delivered At The FCA Financial Crime Conference

Date 14/11/2016

It is sobering to remember that we are approaching the tenth anniversary of the start of the global financial crisis. Why is that of relevance to financial crime? Well, the last ten years have seen a number of crises, and in my view recent years have been associated with a crisis in financial conduct. Sadly, this has taken several forms – involving retail and wholesale consumer and users of financial markets. One, but only one, element of what we should describe as a misconduct crisis has involved financial crime in its various forms.

ESMA Asks Commission To Delay Central Clearing For Small Financial Counterparties

Date 14/11/2016

The European Securities and Markets Authority (ESMA) has published today its final report regarding the amended application of the clearing obligation that financial counterparties with a limited volume of activity in OTC derivatives need to comply with under the European Market Infrastructure Regulation (EMIR).