News Centre

The EBA Advises On Resolution Procedures For EU Banks

Date 06/03/2015

The EBA issued today advice to the European Commission on the resolution framework for EU banks, covering the definition of critical functions and core business lines, as well as rules for the exclusion of liabilities from the application of the bail-in tool. The Authority reminded that the purpose of the bail-in tool is to ensure the legislative principle that shareholders and creditors of a failing institution have to bear its losses, and as such exemptions should be applied cautiously. The EBA advice on critical functions is based on its work on rules for recovery planning and on a comparative analysis of the recovery plans of 27 European cross-border banking groups which identified key strengths and weaknesses in banks' approaches and is also published today.

SEC Approves New OCC Capital Plan - Plan Significantly Enhances OCC’s Equity Capital - OCC Board Declares Fee Reduction Effective April 1, 2015 And $33.3 Million Refund To Clearing Members

Date 06/03/2015

OCC, the world’s largest equity derivatives clearing organization,   announced today that the U.S. Securities and Exchange Commission (SEC) has approved OCC’s capital plan, which increases shareholders’ equity from $25 million at the end of 2013 to $247 million through the retention of $72 million in 2014 earnings and receipt of $150 million in equity capital contributions from OCC’s stockholder exchanges: Chicago Board Options Exchange, Incorporated, International Securities Exchange, LLC, NASDAQ OMX PHLX LLC, NYSE MKT LLC, and NYSE Arca, Inc. Under the plan, the stockholder exchanges also commit to provide up to $117 million in replenishment capital in the event of unexpected losses, providing OCC with ready access to approximately $364 million in equity capital resources. Further, as OCC’s target capital requirement grows, the stockholder exchanges’ commitment to provide replenishment capital increases up to $200 million.

European Banking Authority Consults On Records Of Financial Contracts

Date 06/03/2015

The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) on detailed records of financial contracts of institutions or relevant entities. These RTS have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) which sets procedures for the recovery and resolution of credit institutions, investment firms and related entities across the EU Single Market. These standards aim to guarantee appropriate convergence in record keeping across the EU, whilst also ensuring that differences in institutions or relevant entities are taken into account. This consultation runs until 6 June 2015.

TOM MTF Statistics Week 10, 2015

Date 06/03/2015

Click here to download the weekly statistics update of TOM MTF for week 10, 2015. 

Bahamas International Securities Exchange 2014 Annual Statistical Report

Date 06/03/2015

BISX is pleased to announce its BISX All-Share Index and trading statistics for the twelve month period ending December 31, 2014 with comparison to the same period of 2013.

The Nigerian Stock Exchange (NSE) Commemorates International Women’s Day …Advocates For Gender Equality

Date 06/03/2015

The Nigerian Stock Exchange (NSE) in partnership with United Nations Women, United Nations Global Compact, the Sustainable Stock Exchanges (SSE) Initiative and Access Bank Plc., hosted a Closing Gong Ceremony on Friday, March 6, 2015, in celebration of the 20th Anniversary of the 1995 Beijing Declaration and Platform for Action and International Women’s Day. This is in line with the Exchange’s commitment to promoting gender equality and women’s economic empowerment.

Supporting Innovation Through the Commission’s Mission to Facilitate Capital Formation - Speech by SEC Commissioner Kara M. Stein - Stanford Rock Center for Corporate Governance, Stanford Law School, Stanford, CA

Date 06/03/2015

Before I begin my remarks, I am required to tell you that the views I am expressing today are my own, and do not necessarily reflect those of the Commission, my fellow Commissioners, or the staff of the Commission.

Phillip Boakes Sentenced Following Financial Conduct Authority Prosecution

Date 06/03/2015

Following an FCA prosecution, Phillip Boakes was today sentenced at Southwark Crown Court to ten years’ imprisonment for defrauding investors of at least £3.5m, using false instruments and accepting deposits without authorisation.

Ensuring That Shareholders Have A Meaningful, Effective Vote- Opening Statement At The SEC’s Proxy Roundtable By Commissioner Kara M. Stein

Date 06/03/2015

Welcome, and thank you all for being here today for the SEC’s roundtable on the following two issues: the Universal Proxy and Retail Participation in the Proxy Process. I appreciate that so many of you have taken the time out of your busy schedules to be here, and I am looking forward to hearing the views of our broad array of panelists, as well as the audience. In addition, thanks to the Chair and to the Division of Corporation Finance, in particular Jenny Riegel, for organizing this event. As many of you know, I have been advocating for a roundtable on these important issues, and I appreciate the hard work that it represents.

Japan's Securities And Exchange Surveillance Commission: Recommendation For Administrative Monetary Penalty Payment Order For Market Manipulation By Select Vantage Inc.

Date 06/03/2015

1. Contents of the Recommendation

The Securities and Exchange Surveillance Commission (“SESC”), today, made a recommendation to the Prime Minister and the Commissioner of the Financial Services Agency that an administrative monetary penalty payment order be issued in regard to market manipulation by Select Vantage Inc. (“Select Vantage”) pursuant to Article 20(1) of the Act for Establishment of the Financial Services Agency. This recommendation is based on the findings of the investigation into the market manipulation, whereby the following violations of laws and ordinances were identified.