News Centre

M&A Valued At US$ 449.8bn During H1 2015 - Mergermarket H1 League Tables

Date 01/07/2015

Mergermarket released its Global M&A Trend report with Financial Advisors League Tables for H1 2015.

Highlights for Europe include:

• Europe’s rebound in 2014 has slowed in H1 2015 with ongoing discussions for a potential Grexit, UK euro scepticism and a slide in the Euro value affecting outbound M&A. Announcements valued at US$ 449.8bn during H1 2015 were 8.1% below H1 2014.
• Inversion deals were a theme in 2014, but US regulations have visibly hindered deal making between US and European firms. Inbound M&A worth US$ 160.7bn has seen 40.0% of this come from the US (US$ 64.3bn), down from 67.1% in H1 2014. The expected Monsanto/Syngenta deal could be an indication of how future inversion deals are likely to turn out, pending approvals.

Monetary Authority Of Singapore Consults On Proposed Regulations For Mandatory Clearing Of OTC Derivatives

Date 01/07/2015

The Monetary Authority of Singapore (MAS) issued for consultation today proposed regulations for central clearing of over-the-counter (OTC) derivative contracts.  Central clearing seeks to mitigate the counterparty credit risks inherent in OTC derivatives trades.

ESMA's Executive Director Verena Ross Speaking On Regulatory Outlook At CISI 2015 Annual Conference

Date 01/07/2015

ESMA's Executive Director, Verena Ross, delivered at speech on European Regulatory Outlook at the CISI's 2015 Annual Conference in London. Her speech is available on ESMA's website.

Bank Of England: Financial Stability Report, July 2015

Date 01/07/2015

The Financial Policy Committee (FPC) prepares and publishes a Financial Stability Report (FSR) twice per calendar year. The FSR sets out the FPC’s view of the outlook for UK financial stability, including its assessment of the resilience of the UK financial system and the current main risks to financial stability, and the action it is taking to remove or reduce those risks.

Intercontinental Exchange Announces ICE Data Services Appointments - Lynn Martin Named President And COO, David Goone Named Chairman

Date 01/07/2015

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced two appointments at ICE Data Services, Intercontinental Exchange’s global data business comprising ICE and NYSE’s exchange data, analytics and connectivity services.

Federal Reserve Governor Lael Brainard, At The Policy Makers' Panel On Financial Intermediation: Complexities And Risks For "The Future Of Financial Intermediation: Banking, Securities Markets, Or Something New?" Salzburg Global Forum On Finance In A Changing World, Salzburg, Austria, Recent Changes In The Resilience Of Market Liquidity, July 1, 2015

Date 01/07/2015

Recent events and commentary raise concerns about a possible deterioration in liquidity at times of market stress, particularly in fixed income markets.1 These concerns are highlighted by several episodes of unusually large intraday price movements that are difficult to ascribe to any particular news event, which suggest a deterioration in the resilience of market liquidity. For example, on the morning of October 15, 2014, 10-year U.S. Treasury yields gyrated wildly, and the intraday movement in Treasury prices was 6 standard deviations above the mean. In addition, after 4 p.m. on March 18 EDT of this year, a meeting day for the Federal Open Market Committee, the U.S. dollar depreciated against the euro by 1.75 percent in less than three minutes, an unusually large drop in such a short interval. A few weeks later, markets experienced some very large intraday movements in the price of German bunds during times of little market news.

Markit Completes Acquisition Of Information Mosaic

Date 01/07/2015

Markit (Nasdaq: MRKT), a leading global diversified provider of financial information services, today announced the completion of its acquisition of Information Mosaic, a leading software provider for corporate actions and post trade securities processing.

European Financial Stability Facility Takes Note Of Greece’s Non-Payment To IMF

Date 01/07/2015

The European Financial Stability Facility (EFSF) takes note of a public statement of the International Monetary Fund (IMF) that a Greek non-payment has occurred. It is the EFSF’s understanding that the IMF Managing Director has informed the IMF Executive Board. This will be confirmed by a meeting of the Executive Board, expected later today. For the EFSF, this would constitute an event of default for certain EFSF loans.

Nasdaq OMX Nordic Trading Statistics June 2015

Date 01/07/2015

Nasdaq (Nasdaq:NDAQ) today publishes monthly trade statistics for the Nordic1 and Baltic2 markets. Below follows a summary of the statistics for June 2015:

The share trading increased by 29.6% to a daily average of 2.917bn EUR, compared to 2.251bn EUR in June 2014. Compared to the previous month, May 2015, the daily average decreased by 10.3 %.

• Derivatives trading increased by 13.8% to a daily average of 453,297 contracts, compared with 398,375 contracts in June 2014.
• ETF trading3 (Exchange Traded Funds) increased by 8.8% to a daily average of 50.7m EUR compared to 46.6m EUR in June 2014.

ESMA Issues Q&A On Anti-Money Laundering And Investment-Based Crowdfunding Platforms

Date 01/07/2015

The European Securities and Markets Authority (ESMA) has issued today Questions and Answers (Q&A) in order to promote the sound, effective and consistent application of rules on anti-money laundering and terrorist financing to investment-based crowdfunding platforms. The Q&A aims to promote common supervisory approaches and practices in the application of anti-money laundering rules to investment-based crowdfunding. It provides responses to questions posed by national competent authorities in the course of ESMA’s work on investment-based crowdfunding, drawing on expert input from the Joint Committee sub-committee on Anti-Money Laundering.