News Centre

Thomson Reuters Launches Market Leading Legal Research Service In Iraq

Date 27/05/2014

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced the launch of its leading legal research service, Westlaw Gulf, in Iraq.

Clearstream Issues Monitoring Report To Help Depositary Banks Comply With AIFMD As 22 July Deadline Looms

Date 27/05/2014

• New report on Clearstream’s network links to help depositary banks meet asset monitoring and due diligence requirements under AIFMD and UCITS V 
• Under AIFMD, depositary banks will be required to provide oversight of the fund’s investment activities to keep custody risk under control 
• Market participants should act now to ensure AIFMD compliance

Oslo Børs: Rush Of Savings Banks To Nordic ABM

Date 27/05/2014

Over the last few days, four savings banks have listed their first fixed income securities on Nordic ABM.

UK’s Financial Conduct Authority Calls On Insurance Intermediaries To Better Manage Conflicts Of Interest When Dealing With Small Business Clients

Date 27/05/2014

Inherent conflicts within insurance intermediaries are not being properly managed, a review by the Financial Conduct Authority (FCA) has found. After looking at seven of the largest intermediaries who serve small business clients, the FCA has concluded that in some firms, control frameworks and management information have not developed at the same pace as business models.

Oslo Børs: Genel Energy Lists Its First Bond Issue On Nordic ABM

Date 27/05/2014

The oil company Genel Energy lists its first bond issue on Nordic ABM today. The issue size of USD 500 million makes this the largest new listing on Nordic ABM so far this year.

ECB Launches Public Consultation On Draft ECB Regulation On Supervisory Fees

Date 27/05/2014

• Regulation on supervisory fees to set out how the ECB recovers its expenditures for supervising the euro area banking sector

• Expenditure for banking supervision in 2015 estimated at around €260 million

• Most banks that will be directly supervised by the ECB to pay between €0.7 million and €2 million per year

• Largest banks to pay approximately €15 million; smallest to pay about €2000

Athens Stock Exchange Chooses Multi-Asset Surveillance Technology From Cinnober

Date 27/05/2014

The Hellenic Exchanges — Athens Stock Exchange Group, has selected Cinnober as technology partner for the implementation of its new surveillance system. The multi-asset solution will strengthen the exchanges’ existing technological infrastructure in order to cope with the new European regulatory environment and requirements.

HKEx Announces Temporary Holiday Risk Management Arrangements

Date 27/05/2014

Hong Kong Exchanges and Clearing Limited (HKEx) has announced the following holiday risk management arrangements.

TOCOM Approved To Adjust Trading Hours And First Day Trade Schedule From July 2014

Date 27/05/2014

The Tokyo Commodity Exchange, Inc. announced today that the regulatory approval was granted to update exchange trading hours and contract specifications. The changes, designed to offer increased trading opportunities, will start in July 2014.

JSE Honoured As Leader In Sub Saharan Africa

Date 27/05/2014

The Johannesburg Stock Exchange (JSE) has been recognised as the “Best Financial Exchange” according to Euromoney magazine in the “Best Managed Company in Sub Saharan Africa for 2014” category.