News Centre

Better Finance: To Succeed, The Capital Markets Union Now Needs To Focus On More Transparency And Better Returns For EU Savers, And On Reviving An Equity Culture

Date 27/09/2016

Launched in 2015, the Capital Markets Union (CMU) is a plan by the European Commission to mobilise capital in Europe, with the aim of unlocking billions of euros in additional funding for businesses across Europe and help wean the economy off its damaging over-reliance on bank-lending.

Blockchain Demonstration Shows Potential Loan Market Improvements - Credit Suisse, Ipreo, Symbiont, R3 Convene Proof Of Concept For Syndicated Loan Efficiencies

Date 27/09/2016

Credit Suisse, Ipreo, Symbiont and R3 announced the successful initial stage completion of a project to demonstrate how blockchain technology can be used to improve the syndicated loan market.  The proof of concept will continue through the end of the year and includes participation from a number of agent banks, service providers and fund managers. 

ESM Adds €1 Billion To 2025 Bond In Tap Auction

Date 27/09/2016

The European Stability Mechanism (ESM) today conducted a tap auction of a €3 billion 1% 10-year bond maturing on 23 September 2025. An additional €999.85 million was issued, bringing the total size of the existing bond to nearly €4 billion.

Joint Statement On U.S.-EU Negotiations For A Bilateral Agreement On Insurance And Reinsurance Measures

Date 27/09/2016

The United States and European Union today released the following joint statement on negotiations for a bilateral agreement on insurance and reinsurance measures:

“U.S. and EU representatives met in Washington, D.C. on September 21-22, 2016, to discuss a bilateral agreement relating to prudential insurance and reinsurance measures."

Washington DC Opens First Blockchain Innovation Center

Date 27/09/2016

The Chamber of Digital Commerce and technology incubator 1776 have partnered to launch the DC Blockchain Center to serve as Washington, DC’s entrepreneurial resource for technology providers, government contractors and agencies investing and innovating in blockchain-based technologies.

ThinkMarkets Deploys GBG For Automatic Client On-Boarding

Date 27/09/2016

Leading multi-asset trading platform, ThinkMarkets, has implemented GBG’s online verification solution to enhance its account opening and anti-money laundering screening capabilities. The move will complement ThinkMarkets’ existing framework and further minimise the risk of financial crime, money laundering and terrorist financing.

CHAPS Co Welcomes New Independent Directors - Noel Harwerth And Marcus Treacher Join CHAPS’ Board, As The Payment Scheme Looks To Continue To Strengthen The Independent Voice On Its Board

Date 27/09/2016

CHAPS Co, the UK’s same day high-value payment system, which is used predominantly for international and wholesale payments, as well as critical retail, commercial and corporate payments processing £277 billion daily, announces today (27 September) two new additions to its board.

Thomson Reuters And Clifford Chance Team Up To Deliver OTC Derivatives Documentation Solutions

Date 27/09/2016

Thomson Reuters and Clifford Chance have joined forces to help global financial institutions tackle in a timely, efficient and more cost-effective manner their most pressing regulatory obligations relating to margin rules for uncleared over-the-counter (OTC) derivatives. Using an innovative approach to contract negotiation and documentation, the partnership offers a flexible, rapidly scalable, technology-enabled solution that will empower these financial institutions to meet their current multi-jurisdictional regulatory obligations and as they continue to evolve in the future.

CSDs Sign Letter Of Intent To Collaborate On Initiatives Using Distributed Ledger Technology

Date 27/09/2016

The Central Securities Depositories (CSDs) Strate, South Africa and NSD, Russia have signed a Letter of Intent at the Sibos event in Geneva in September 2016.

UK's Financial Conduct Authority: Alex Hope Sentenced For Failing To Pay Confiscation Order

Date 27/09/2016

Alex Hope was today sentenced to 603 days’ imprisonment for failing to pay the full value of a confiscation order made against him.