News Centre

Statement From U.S. Treasury Secretary Jacob J. Lew On Metlife V. Financial Stability Oversight Council

Date 07/04/2016

“Earlier today, the district court unsealed its recent opinion rescinding the FSOC’s designation of MetLife.  I strongly disagree with the court’s ruling.  This decision leaves one of the largest and most highly interconnected financial companies in the world subject to even less oversight than before the financial crisis."

ESAs Identify Vulnerabilities Affecting The EU Financial System And Suggest Actions To Address The Main Risks

Date 07/04/2016

The Joint Committee of the European Supervisory Authorities (EBA, EIOPA, ESMA - ESAs) published today its Spring 2016 Report on Risks and Vulnerabilities in the EU Financial System.

Lagarde Appoints Historians To Chronicle “Defining Moments” In Fund’s History

Date 07/04/2016

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today announced the appointment of Professor Harold James of Princeton University and Atish (Rex) Ghosh, Assistant Director in the Research Department, as the new IMF historians. They will replace retired historian James Boughton, and both will start in their new roles on May 2, 2016.

Bats Welcomes Two New WisdomTree ETFs - New ETFs Begin Trading Today On The Bats ETF Marketplace

Date 07/04/2016

Bats Global Markets (Bats), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today welcomed two new ETFs from WisdomTree to its U.S. market.

CFTC’s 2016 SmartCheck Week To Emphasize Continual Background Checks Of Financial Professionals - Consumers Are Encouraged To Use Free Online Tools To Perform Annual Check Between April 11-17

Date 07/04/2016

When it comes to checking the background of financial professionals, investors should not take a “one and done” approach. It is wise to check the background of the person or entity at least annually. The U.S. Commodity Futures Trading Commission (CFTC) is emphasizing the importance of this annual check during this year’s SmartCheck^SM Week – April 11-17.

Federal Reserve Board Proposes Technical Amendments To Rule Requiring Global Systemically Important Bank Holding Companies To Hold Additional Amounts Of Risk-Based Capital

Date 07/04/2016

The Federal Reserve Board on Thursday proposed technical amendments to its rule requiring global systemically important bank holding companies (GSIBs) to hold additional amounts of risk-based capital. The proposal would not materially change the underlying rule finalized by the Board in July 2015.

Account Of The Monetary Policy Meeting Of The Governing Council Of The European Central Bank Held In Frankfurt Am Main On Wednesday And Thursday, 9-10 March 2016

Date 07/04/2016

1. Review of financial, economic and monetary developments and policy options

Financial market developments

Mr Cœuré reviewed financial market developments since the Governing Council’s previous monetary policy meeting on 20-21 January 2016. The global economic outlook had deteriorated further, accompanied by bouts of market volatility, particularly in markets for bank liabilities. Oil prices had rebounded in February after having fallen to their lowest level since 2003. The outlook for oil prices remained uncertain, however, as the oil market was still experiencing over-supply and global oil inventories remained at very high levels. The potential for a lasting rebound in the oil market was unclear, according to market participants. Market-based indicators of inflation expectations had continued to broadly follow the price of petrol, but not the recent rebound in the price of crude oil, and the five-year forward inflation-linked swap rate five years ahead had reached a historical low of 1.36% on 29 February.

ACER: Second Phase Of REMIT Data Reporting Has Started As Planned

Date 07/04/2016

The second phase of data reporting under the EU Regulation on wholesale energy market integrity and transparency (REMIT) has started today as planned. This phase covers contracts concluded “Over-The-Counter”, standard and non-standard supply contracts and transportation contracts from market participants, as well as reportable fundamental data from Transmission System Operators, LNG System Operators and Storage System Operators. It complements the first phase of data reporting which started on 7 October 2015 with records of transactions in wholesale energy contracts, including orders to trade, admitted to trading at Organised Market Places and fundamental data from the ENTSOs’ central information transparency platforms. Data reporting during the first phase has exceeded all expectations, with more than 1 million data records submitted to the Agency daily since 7 October 2015.

Better Finance: Iberdrola Sentenced For Trying To Silence Its Small Shareholders

Date 07/04/2016

At last year’s Annual General Assembly of Iberdrola, Adicae – one of Better Finance’s Spanish member organisations - denounced the behaviour of the company’s Board of Directors with regard to its small shareholders. During the meeting Adicae protested against the fact that Iberdrola used the attendance bonus as bait for shareholders to vote in favour of the Board's proposals.

Morgan Stanley Leads Trade Idea Performance, Coming Top Of TIM Group’s North American Bulge-Bracket Firm Rankings For A Second Consecutive Year

Date 07/04/2016

TIM Group, operator of the leading global trade ideas network and alpha capture platform, has announced the 2016 results of its annual North American Top Performer Awards, with Morgan Stanley leading the bulge-bracket firms for a second consecutive year.