News Centre

CFTC Staff Issues Guidance To Clearinghouses On Recovery Plans And Wind-Down Plans

Date 21/07/2016

(CFTC) Division of Clearing and Risk (DCR) today issued guidance to clearinghouses to further the development of Recovery Plans and Wind-down Plans. For clearinghouses, or Derivatives Clearing Organizations (DCOs), the development of these plans is a critical element of risk management and contingency planning to address the extreme circumstances that could threaten DCOs’ viability and financial strength, and is required by CFTC regulations.

Federal Reserve Board Announces Adoption Of Changes To Part II Of The Federal Reserve Policy On Payment System Risk

Date 21/07/2016

The Federal Reserve Board on Thursday announced the adoption of changes to part II of the Federal Reserve Policy on Payment System Risk (PSR policy) to conform with enhancements to the Reserve Banks' same-day automated clearing house (ACH) service previously announced by the Board on September 23, 2015. The Board's PSR policy establishes the procedures, referred to as posting rules, for the settlement of credits and debits to institutions' Federal Reserve accounts for different payment types. The PSR policy changes relate to the posting rules for forward and return same-day ACH transactions and will align the posting rules with changes that the Reserve Banks previously adopted, effective this September, to enhance the efficiency of the ACH network and the broader U.S. payment system.

Ontario Securities Commission Publishes Summary Report For Dealers, Advisers And Investment Fund Managers

Date 21/07/2016

The Ontario Securities Commission (OSC) today published OSC Staff Notice 33-747 Annual Summary Report for Dealers, Advisers and Investment Fund Managers.  The report describes initiatives undertaken by the OSC’s Compliance and Registrant Regulation Branch in the 2015-2016 fiscal year, including registration and compliance activities, policy initiatives and new programs.  

Wesley R. Bricker Named SEC Interim Chief Accountant

Date 21/07/2016

The Securities and Exchange Commission today announced that Wesley R. Bricker has been named the Commission’s Interim Chief Accountant responsible for the activities of the Office of the Chief Accountant as James V. Schnurr, current Chief Accountant, recovers from a serious bicycle accident.

FTSE Russell Confirms Compliance With IOSCO Principles, Noting Enhancements

Date 21/07/2016

• Annual declaration reaffirms support of IOSCO framework introduced in July 2013
• Statement outlines firm’s commitment to governance, quality and accountability
• Updates since 2015 reflect further integration of Russell US Indexes and addition of the FTSE MTS Indexes

The Nasdaq Stock Market® Leads All US Listing Exchanges With 38 Percent Of ETP Listings And Switches In The Second Quarter Of 2016 - BlackRock, AccuShares, RBC, First Trust Riverfront, Janus And State Street Global Advisors Among ETF Issuers To Select Nasdaq As Primary Venue For New Listings In June

Date 21/07/2016

Nasdaq (Nasdaq:NDAQ), the single largest U.S. equity exchange by market share, announced 13 new ETP listings in June, further establishing itself as the foremost listing and trading venue for exchange-traded products (ETPs). For the second quarter in a row, Nasdaq led all other US exchanges and captured 38 percent of ETP listings and switches with 36 products in total. 

EBA Publishes Final Draft Technical Standards On Assessment Methodology

Date 21/07/2016

The European Banking Authority (EBA) published today the final draft Regulatory Technical Standards (RTS) specifying the assessment methodology competent authorities shall follow in assessing the compliance of an institution with the requirements for the use of the Internal Ratings Based Approach (IRB Approach). The purpose of these RTS is to harmonise the supervisory assessment methodology with respect to the IRB Approach across all Member States in the European Union (EU).

S&P Canada All Bond Index, With Data And Bond Pricing Provided By Thomson Reuters Now Available In Canada - Indices To Provide Asset Managers Pricing And Data For Canadian Fixed Income Market

Date 21/07/2016

Canadian investment professionals now have a comprehensive way to track the domestic fixed-income markets, with the launch of the S&P Canada All Bond Index Family. The data underlying the index family is supplied by Thomson Reuters.

ESMA fines Fitch Ratings Limited €1.38 million

Date 21/07/2016

The European Securities and Markets Authority (ESMA) has fined Fitch Ratings Limited (Fitch) €1.38 million for a series of negligent breaches of the Credit Rating Agencies (CRA) Regulation and has published the Decision of the ESMA Board of Supervisors and a Public Notice in relation to this action.

CurveGlobal Appoints Richard Walker Head Of Business Development

Date 21/07/2016

• Richard Walker will join from LCH
• Brings extensive strategic sales and marketing experience across buy and sell side in both listed and OTC markets
• Key appointment ahead of CurveGlobal September go-live