News Centre

Comptroller Of The Currency Discusses Tailoring Supervisory Expectations To The Size And Complexity Of Regulated Institutions

Date 19/03/2015

Comptroller of the Currency Thomas Curry today discussed the Office of the Comptroller of the Currency’s approach to tailoring regulatory and supervisory expectations to the size and complexity of supervised institutions.  His remarks were part of testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

Call For Papers For The Fourth 4th Annual EBA Research Workshop

Date 19/03/2015

The European Banking Authority (EBA) launches today a call for research papers in view of its fourth policy research workshop taking place on 18-19 November 2015 in London on the topic ‘Financial regulation and the real economy: a micro-prudential perspective'.

UK's Financial Conduct Authority: Former Senior Trader Sentenced For Insider Dealing

Date 19/03/2015

In a case brought by the Financial Conduct Authority (FCA), Julian Rifat – a former senior execution trader and portfolio strategist at Moore Europe Capital Management LLC – has today been sentenced at Southwark Crown Court to 19 months imprisonment; Mr Rifat has also been fined £100,000 for the same offences and ordered to pay costs of £159,402.

Tel Aviv Stock Exchange Weekly Review: 15-19 March 2015

Date 19/03/2015

• Trading on the Tel Aviv Stock Exchange (TASE) during the third week of March ended up for all leading TASE indices;
• Continued offerings in the bond market
• Israel Railways raised US $249 million in an initial bond offering

EBA Consults On Exposures To Shadow Banking

Date 19/03/2015

The EBA launched a public consultation on its guidelines proposing criteria to set limits on EU institutions' exposures to shadow banking entities. The document lays out a qualitative approach for institutions to develop their internal policies for monitoring and setting appropriate limits, both at individual and aggregate levels. These guidelines will also help inform the Commission's work in relation to its report on the appropriateness and impact of imposing limits on exposures to shadow banking entities under Article 395(2) of the Capital Requirements Regulation (CRR). The consultation runs until 19 June 2015.

ICE Futures Europe Achieves Daily Volume And Open Interest Records In UK NBP Natural Gas Futures

Date 19/03/2015

Intercontinental Exchange, the leading global network of exchanges and clearing houses, today announced that the ICE Futures Europe NBP Natural Gas futures contract achieved a daily volume record of 146,780 contracts (equivalent to 4.47 billion therms) on March 18, 2015. The previous record of 137,495 contracts was set on February 10, 2015.

ACER Will Not Propose The Network Code Amendment Requested By Oil And Gas UK And Gas Forum To The Commission

Date 19/03/2015

The Agency for the Cooperation of Energy Regulators (ACER) will not propose to the European Commission the amendment request of Oil and Gas UK and Gas Forum. The two UK associations requested last year to amend the Network Codes on Capacity Allocation Mechanisms (‘CAM’) and Balancing (‘BAL’) to retain the current Gas Day in the UK. Following a public consultation on the matter, the Agency informed the parties about its position in aletter sent this week. 

Monetary Authority Of Singapore Takes Civil Penalty Action And Issues Prohibition Order Against Tan Hua Ann For False Trading

Date 19/03/2015

The Monetary Authority of Singapore (MAS) has taken civil penalty action against Mr Tan Hua Ann for false trading under Section 197(1)(b) of the Securities and Futures Act (SFA). 

Hong Kong's Securities And Futures Commission: Market Misconduct Tribunal Sets Date For Hearing On Alleged False Research Report

Date 19/03/2015

The Honourable Mr Justice Hartmann, chairman of the Market Misconduct Tribunal (MMT), has fixed a hearing date for the proceedings commenced by the Securities and Futures Commission (SFC) against Mr Andrew Left of Citron Research in relation to alleged market misconduct involving the publication of a research report on Evergrande Real Estate Group Limited in June 2012.

The City Bankers' Brothel: Shocking New Memoir Exposes Real-World Story Of A £1M-a-year ‘Sex Den’

Date 19/03/2015

While UK bankers have a less-than-sterling reputation, only those in the industry really know the extent to which they let loose. Not surprisingly, sex has always been high on the list and – in a compelling new novel by Sorient Sigba – readers are invited behind the walls of what could be the UK’s most unique and unbelievable brothel.