News Centre

EBRD And Egyptian Private Equity Association Promote Private Equity Investment

Date 20/04/2015

The European Bank for Reconstruction and Development (EBRD) and the Egyptian Private Equity Association (EPEA) held a roundtable discussion on 20 April about the Bank’s approach to investing in private equity funds in Egypt.

SEC Charges BlackRock Advisors With Failing To Disclose Conflict Of Interest To Clients And Fund Boards

Date 20/04/2015

The Securities and Exchange Commission today charged BlackRock Advisors LLC with breaching its fiduciary duty by failing to disclose a conflict of interest created by the outside business activity of a top-performing portfolio manager. 

EBA To Host Workshop On Proportionality Measures For Regulatory Purposes

Date 20/04/2015

On 3 July 2015, the European Banking Authority (EBA) will host its second workshop on the application of the proportionality principle in the EU banking supervisory framework, covering the latest institutional and regulatory reforms.

Genscape: Market Volatility - Transmission Outages - Coal-Fired Plants Close In PJM

Date 20/04/2015

Last week, Genscape recorded two key series of events in the PJM power market:

On Tuesday, April 14, WHUB locational marginal pricing during the day’s on-peak period was significantly higher than expected, as the market had been trading below $40.00/MWh as late as 8:40 AM ET. Most notably on this expensive day, was the ratio of congestion costs to energy costs. Genscape’s blog post, “Emergency Transmission Outage Drives Volatility in PJM,” explains that marginal congestion costs were almost equal to energy costs.

PEGAS: Successful Launch Of ZEE Gas Spot And Futures - New PEGAS Spot Index On ZTP

Date 20/04/2015

PEGAS, the pan-European gas trading platform operated by Powernext, has successfully launched physically settled Spot and Futures contracts, quoted in pence per therms, for the Belgian Zeebrugge Beach (ZEE) gas hub on 17 April 2015. On the same day, a Daily Average Price index for the Zeebrugge Trading Point (ZTP) in Euros per Megawatt-Hour was introduced.

EBRD Welcomes Closing Of Citadele Bank Privatisation Agreement

Date 20/04/2015

The European Bank for Reconstruction and Development (EBRD) welcomes the closing of the agreement to privatise Latvia’s Citadele bank. As of today Citadele is majority-owned by a group of international investors led by the US investment firm Ripplewood Holdings and Tim Collins, founder and CEO of Ripplewood. The EBRD, which became a shareholder in the predecessor of Citadele in 2009, has agreed to retain a 25 per cent stake alongside the Ripplewood-led investors.

Christian Katz, Division CEO Swiss Exchange, To Leave SIX

Date 20/04/2015

Christian Katz, Division CEO Swiss Exchange, has decided to leave SIX. His decision is based on diverging views on the strategic direction and on the further development of the business area Swiss Exchange. Christian Katz has headed up the business area since May 2009. 

CFTC Charges Florida Resident Dorian A. Garcia And His Companies, DG Wealth Management, Macroquantum Capital LLC, And UKUSA Currency Fund LP With Fraud And Registration Violations - Garcia Allegedly Operated A Ponzi Scheme In Connection With Forex And Options Pools And Stole Approximately $2.5 Million Invested By Customers - Federal Court Enters Emergency Order Freezing Defendants’ Assets And Protecting Books And Records

Date 20/04/2015

The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Sheri Polster Chappell of the U.S. District Court for the Middle District of Florida entered an emergency restraining Order freezing assets and prohibiting the destruction or concealment of books and records of Defendants Dorian A. Garcia, and his companies, DG Wealth Management (DG Wealth), Macroquantum Capital LLC, and UKUSA Currency Fund LP, all of Naples, Florida. The judge set a hearing date for April 29, 2015.

FINRA Launches Toll-Free FINRA Securities Helpline For Seniors

Date 20/04/2015

The Financial Industry Regulatory Authority (FINRA) has launched the toll-free FINRA Securities Helpline for SeniorsTM to provide older investors with a supportive place to get assistance from knowledgeable FINRA staff related to concerns they have with their brokerage accounts and investments.

SWIFT Adds New Real-Time Delivery Channel For Payments Reference Data - New SWIFTRef APIs Provide An Automated Data Look-Up Service That Identifies And Validates BICs, LEIs, IBANs, Settlement Instructions And National Bank Codes Against The Latest Data In Real Time

Date 20/04/2015

SWIFT announces the availability of a new automated reference data delivery channel called SWIFTRef APIs. The new channel enables financial institutions and corporates to identify and validate necessary payments reference data in real-time against the most up-to-date information available in the SWIFTRef utility, SWIFT’s global reference data service.