News Centre

ESMA Issues Q&As On The Implementation Of The Double Volume Cap Under MiFID II

Date 03/10/2016

The European Securities and Markets Authority (ESMA) has issued today a Question and Answers (Q&A) document regarding the implementation of the double volume cap under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR).  MiFID II introduces a so-called “double” volume cap mechanism which limits the use of reference price waivers and negotiated price waivers under the new transparency regime of MIFID II.

CISI Responds To Banking Standards Board Report On Professionalism In Banking

Date 03/10/2016

We welcome the publication of the BSB sponsored report on professionalism in banking and how standards can be enhanced.

BME Traded €42.8 Billion In Equities In September, Up 39% From August

Date 03/10/2016

• The number of trades to the end of September reached 41.4 million, down 13% year on year
• In September, ETF trading stood at €388 million, up 50% from August
• The trading volume in financial derivatives in September was up 154% on the preceding month
• The volume of Corporate Debt issues on MARF exceeded €1.5 billion in the first nine months of the year, almost 3 times as much as the previous year

Bank Of England: Stress Testing Results Timetable

Date 03/10/2016

We are today setting out the timetable for publishing the UK stress test results and announcing the set of firms that will take part in our 2017 biennial exploratory scenario.

IOSCO: Emerging Market Regulators Seek To Strengthen Corporate Governance

Date 03/10/2016

The Growth and Emerging Markets (GEM) Committee of the International Organization of Securities Commissions (IOSCO) published today a report that seeks to strengthen corporate governance frameworks. 

Hong Kong's Securities And Futures Commission Bans William Wong Yick Lok For Three Years

Date 03/10/2016

The Securities and Futures Commission (SFC) has prohibited Mr William Wong Yick Lok, a former employee of Hang Seng Bank Limited (Hang Seng Bank), from re-entering the industry for three years from 30 September 2016 to 29 September 2019 following his conviction for forgery.

Bank Of England: Record Of FPC Meeting Held On 20 September 2016

Date 03/10/2016

​At its meeting on 20 September, the Financial Policy Committee (FPC):

• Maintained the UK countercyclical capital buffer (CCyB) rate at 0%, and reaffirmed that it expected to maintain a UK CCyB rate at 0% until at least June 2017, absent any material change in the outlook. It continued to support the clear supervisory expectation of the Board of the Prudential Regulation Authority (PRA) that firms should not increase dividends and other distributions as a result of the UK CCyB rate being maintained at 0%.
• Considered that the two Recommendations it had made to the PRA in July 2016 had been implemented:
  
  • Where existing PRA supervisory buffers of PRA-regulated firms reflect risks that would be captured by a UK countercyclical capital buffer rate, to reduce those buffers, as far as possible and as soon as practicable, by an amount of capital which is equivalent to the effect of a UK countercyclical capital buffer rate of 0.5%;
  • When applying its rules on the leverage ratio, to consider allowing firms to exclude from the calculation of the total exposure measure those assets constituting claims on central banks where they are matched by deposits accepted by the firm that are denominated in the same currency and of identical or longer maturity.

New Trading Participant At SIX Swiss Exchange

Date 03/10/2016

Oslo Børs: Now You Can Trade The Shipping Index

Date 03/10/2016

The new OBSHX shipping index makes it easy to invest in an important sector.

Dubai Gold and Commodities Exchange (DGCX) Volumes Surge 40%

Date 03/10/2016

• Exchange Open Interest hits new record high of over USD 9.1 Billion in September
• Indian Rupee Quanto wins FOW’s Most Innovative Currency Contract in Asia and records highest Quarterly volume growth of 128 %