News Centre

EBA: Consultation Paper On Revised Template For The Identification Of G-SIIs (EBA/CP/2015/07)

Date 29/04/2015

The European Banking Authority (EBA) launched today a consultation to update its data template for the identification of global systemically relevant institutions (G-SIIs). The need for this revision was prompted by the new data template and some minor revisions introduced by the Basel Committee on Banking Supervision (BCBS) in January 2015 for the identification of global systemically important banks (G-SIBs). The consultation runs until 20 May 2015.

Qatar Central Securities Depository Increases Foreign Ownership Percentage Of Aamal To 49%

Date 29/04/2015

Qatar Central Securities Depository (QCSD) announced that it had amended the foreign ownership percentage in the shares of the Aamal Company to become 49% of the company''''s capital, as of the trading session of Thursday, April 30, 2015.

Gulf Petrochem To Launch First Indian Focused Real Estate Fund Under DIFC's Exempt Fund Regime

Date 29/04/2015

• GP commits US$10 million as seed capital to Fund; aims to raise US$100 million
• DIFC's Exempt Fund tailored to provide professional and institutional investors with unique and tax efficient access to diversified portfolio of professionally managed 'Grade A' real estate assets in compliance with the Indian Government's Foreign Direct Investment (FDI) programme

EBA Consults On A Revised Data Template For The Identification Of G-SIIS

Date 29/04/2015

SEC Charges Santa Barbara-Based Hedge Fund Firm, Executives, And Auditor For Improper Expense Allocations

Date 29/04/2015

The Securities and Exchange Commission today announced charges against a Santa Barbara, Calif.-based hedge fund advisory firm and two executives involved in improper allocations of fund assets to pay undisclosed operating expenses.  The SEC also charged an accountant who conducted the outside audit of misleading financial statements that the firm sent to investors.

EBA Acknowledges Notification From The Bank Of Greece

Date 29/04/2015

The EBA acknowledges notification from the Bank of Greece with respect to its decision on Resolution of Panellinia Bank S.A. 

Improving Transparency For Executive Pay Practices, SEC Commissioner Luis A. Aguilar, April 29, 2015

Date 29/04/2015

Today, as part of a series of Congressionally-mandated rules to promote corporate accountability, we consider proposed rules to put a spotlight on the relationship between executive compensation and a company’s financial performance. It is well known that the compensation of corporate executives has grown exponentially over the last several decades, and continues to do so today. It is also commonly accepted that much of that growth reflects the trend towards equity-based and other incentive compensation, which is thought to align the interests of corporate management with the company’s shareholders. Specifically, the idea is that stock options, restricted stock, and other incentive-based compensation encourages management to work hard to improve their company’s performance, because managers will share in the wealth along with shareholders when stock prices rise.

Deutsche Börse AG Records A Very Good Start Of The Year In Q1/2015 - Net Revenue Up 16 Per Cent To €600.1 Million - Adjusted Earnings Per Share Climb 24 Per Cent To €1.24 - 2015 Net Revenue Guidance Range Increased To Between €2.2 And €2.4 Billion - Operating Costs Are Expected At €1,230 Million In 2015

Date 29/04/2015

Deutsche Börse AG published its figures for the first quarter of 2015 on Wednesday. Net revenue of the Group increased by 16 per cent year-on-year to €600.1 million (Q1/2014: €516.7 million). Main drivers were the positive development in custody and administration of securities, as well as in the market data business (Clearstream, Market Data + Services) and the higher equity market volatility. Net interest income from banking business, a component of net revenue, amounted to €8.4 million (Q1/2014: €10.9 million). Starting in the first quarter of 2015, net interest income includes also interest income and expense, respectively, from investing cash collateral provided by customers of Eurex’s clearing house. Prior-year figures have been adjusted accordingly. 

Statement By SEC Chair Mary Jo White At Open Meeting On Cross-Border Security-Based Swap Rules Regarding Activity In The United States And Pay Versus Performance

Date 29/04/2015

Good morning.  This is an open meeting of the U.S. Securities and Exchange Commission on April 29, 2015 under the Government in the Sunshine Act.  The Commission today will consider two staff recommendations for rule proposals to implement two Dodd-Frank Act mandates.  The first recommendation is from the Division of Trading and Markets for proposed rules relating to the application of Title VII requirements to non-U.S. persons that are engaged in certain dealer activity in the United States.  The second recommendation is from the Division of Corporation Finance for proposed rules to require companies to disclose the relationship between compensation actually paid to executives and company financial performance.

CFTC: Federal Court Orders North Carolina Resident James Harvey Mason To Pay A Civil Penalty And Restitution Totaling $5.5 Million For Commodity Pool Fraud - In A Related Criminal Action Involving The Same Conduct, Mason Pleaded Guilty In June 2014 And Is Awaiting Sentencing

Date 29/04/2015

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge C. Graham Mullen of the U.S. District Court for the Western District of North Carolina entered a Consent Order against Defendant James Harvey Mason of Graham, North Carolina, imposing a $1.67 million civil monetary penalty and restitution of $3.88 million in connection with off-exchange foreign currency (forex) commodity pool fraud in violation of the Commodity Exchange Act (CEA). The Consent Order also permanently enjoins Mason from further violations of the CEA, as charged, and imposes permanent trading and registration bans on him. Mason has never been registered with the CFTC in any capacity.