News Centre

UK Financial Conduct Authority Statement On European Banking Authority Guidelines On Remuneration Policies For Public Consultation

Date 04/03/2015

The European Banking Authority (EBA) has today published draft guidelines on remuneration policies for public consultation.  These guidelines seek to clarify how firms and regulators should interpret the remuneration rules in CRD IV. These guidelines would effectively remove the proportionality principle for smaller firms.

FTSE UK Index Series Quarterly Review March 2015 - Hikma Pharmaceuticals To Join FTSE 100 - Tullow Oil To Enter FTSE 250 In rebalance

Date 04/03/2015

FTSE Group, the global index provider, confirms today that Hikma Pharmaceuticals will be joining the FTSE 100 Index. In the rebalance, Tullow Oil will leave the UK’s leading index and enter the FTSE 250 Index.

The Need For Greater Secondary Market Liquidity For Small Businesses, Commissioner Luis A. Aguilar, U.S. Securities And Exchange Commission, March 4, 2015, Advisory Committee On Small And Emerging Companies, Washington, DC

Date 04/03/2015

Thank you and good morning. I want to start by welcoming the members of the Advisory Committee on Small and Emerging Companies. I appreciate your efforts and look forward to today’s discussions. I would also like to thank the staff of the Division of Corporation Finance’s Office of Small Business Policy for organizing this meeting.

European Banking Authority: Consultation On Guidelines On Sound Remuneration Policies

Date 04/03/2015

The European Banking Authority (EBA) launched today a three-month public consultation on its Guidelines on sound remuneration policies. These draft Guidelines set out the governance process for implementing sound remuneration policies across the EU, as well as the specific criteria for mapping all remuneration components into either fixed or variable pay. Guidance is also provided on the application of deferral arrangements and the pay-out instruments ensuring that variable remuneration is aligned with an institution’s long-term risks and that any ex-post risk adjustments can be applied as appropriate.

Opening Remarks At Meeting Of SEC Advisory Committee On Small And Emerging Companies, SEC Chair Mary Jo White, March 4, 2015

Date 04/03/2015

Good morning.  Thank you all for being here.  I will be very brief so that you can get to the business at hand.

I, too, would like to welcome Michael Pieciak who will be serving as the committee’s observer representative from NASAA.  Mike is the Deputy Commissioner of the Vermont Securities Division, and I am very pleased he is here on behalf of the state securities regulators to bring that knowledgeable and important voice to your discussions.

European Banking Authority Reviews Guidelines On Remuneration Policies

Date 04/03/2015

The European Banking Authority (EBA) launched today a three-month public consultation on its Guidelines on sound remuneration policies. These draft Guidelines set out the governance process for implementing sound remuneration policies across the EU, as well as the specific criteria for mapping all remuneration components into either fixed or variable pay. Guidance is also provided on the application of deferral arrangements and the pay-out instruments ensuring that variable remuneration is aligned with an institution's long-term risks and that any ex-post risk adjustments can be applied as appropriate.

Tel Aviv Stock Exchange Weekly Review: 1-4 March 2015

Date 04/03/2015

Trading on the Tel Aviv Stock Exchange (TASE) during the first week of March ended up for most leading TASE indices;

The largest increases were in communication shares of 2.9%;

Continued offerings in the bond market –

“Eldan Transportation” raised US $114 million in an initial bond offering

Opening Statement To The March 2015 Meeting Of The SEC Advisory Committee On Small And Emerging Companies By Commissioner Daniel M. Gallagher

Date 04/03/2015

Thank you, Chris[tine Jacobs] and Stephen [Graham], and thanks to Keith Higgins and the Division of Corporation Finance’s Office of Small Business Policy for helping to organize today’s meeting.  And of course, a special thank you to the Committee’s members—I’ve been impressed by your willingness, as a very important and recently-reinvigorated committee, to jump right in and tackle a very substantive agenda.

Moscow Exchange: Records Set In Repo With The CCP

Date 04/03/2015

In February 2015, the average daily volume of repo transactions with the central counterparty (CCP) was RUB 168.7 bln (up 58% month-on-month and 148% year-on-year), a record since the launch of the instrument in early 2013.  

SEC Charges Texas-Based Brokerage Firm With Violating Supervisory And Customer Protection Rules

Date 04/03/2015

The Securities and Exchange Commission today charged an Irving, Texas-based brokerage firm with violating key customer protection rules after failing to adequately supervise registered representatives who misappropriated customer funds.