News Centre

Governor Daniel K. Tarullo At The Federal Reserve Third Annual Stress Test Modeling Symposium, Boston, Massachusetts, June 25, 2014, Stress Testing After Five Years

Date 25/06/2014

Born of necessity during the depths of the financial crisis as part of an effort to restore confidence in the U.S. financial system, supervisory stress testing has in the intervening five years become a cornerstone of a new approach to regulation and supervision of the nation's largest financial institutions. First, of course, it is a means for assuring that large, complex financial institutions have sufficient capital to allow them to remain viable intermediaries even under highly stressful conditions. More broadly, supervisory stress testing and the associated review of capital planning processes have provided a platform for building out a regulatory framework that is more dynamic, more macroprudential, and more data-driven than pre-crisis practice.

Euronext Brussels Welcomes Ontex To Its European Market

Date 25/06/2014

Ontex, a leading global provider of disposable hygiene products, today celebrated its listing on the regulated market of Euronext Brussels.

NASDAQ OMX Launches REIT Benchmark Index Family - Partners With ETRE Financial To Create New Methodology For 12 Real Estate Indexes

Date 25/06/2014

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and ETRE Financial, LLC (ETRE) today announced a new partnership in the Real Estate Investment Trust (REIT) benchmark index space, with the launch of 12 co-branded indexes. 

The Spanish Stock Exchange Trades The First ETF On The IBEX® Medium CAP - It Is The First Exchange-Traded Fund On A Spanish MidCap Total Return Index

Date 25/06/2014

The Spanish Stock Exchange today started the trading of the exchange-traded fund (ETF) LYXOR UCITS ETF IBEX® MID, issued byLyxor Asset Management, the fund manager operated by the Société Générale Group.

TSB Banking Group Joins London Stock Exchange Main Market

Date 25/06/2014

• Paul Pester, CEO, TSB Banking Group opens London trading
• IPO raises £455 million, valuing company at £1.3 billion
• 3rd bank to list in London in 2014

UK's Financial Conduct Authority: Former Equities Trader Charged With Insider Dealing

Date 25/06/2014

The Financial Conduct Authority (FCA) has charged Damian Frank Clarke (DOB: 06/10/1975), a former equities trader at Schroders Investment Management Limited, with 9 counts of insider dealing, contrary to Section 52(1) of the Criminal Justice Act 1993.

SGX: Recent Developments Of The Indian Rupee

Date 25/06/2014

• Since 1993, the Indian rupee (INR) has traded under a managed floating regime without a fixed or pre-announced target or band. Any intervention by the Reserve Bank of India (RBI) typically depends on the volume of Foreign Institutional Investor (FII) and corporate inflows, and is undertaken to smooth out volatility in the exchange rate movements.
• Over the past ten years the annualised 30 day volatility for USD/INR returns averaged 1.25%.  The most recent spike in Sep 2013 saw the volatility gauge rise more than three times from the average. Moreover, the average annualised 30 day volatility has been higher over the past five years than the preceding five years.
• The SGX INR/USD futures are quoted in an inverse price format in order to facilitate a settlement in USD. At a trading price of 160.00 US cents to 100 Indian rupees, and a contract size of 2 million INR, the minimum USD value of a long or short position in the SGX INR/USD futures is USD 32,000.

HKEx Announces Temporary Holiday Risk Management Arrangements

Date 25/06/2014

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

Thailand Futures Exchange Plans To Terminate Silver Futures

Date 25/06/2014

Thailand Futures Exchange PCL (TFEX), under the Stock Exchange of Thailand group, is planning to remove silver futures from its trading board due to an absence of the London Silver Fixing benchmark which will terminate its business in August. The removal plan is seeking an approval from The Securities and Exchange Commission (SEC)

UK's Financial Conduct Authority: Wonga To Pay Redress For Unfair Debt Collection Practices

Date 25/06/2014

Wonga, the UK’s biggest payday lender, has entered an agreement with the Financial Conduct Authority (FCA) which will see it pay compensation of over £2.6m to around 45,000 customers for unfair and misleading debt collection practices.