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Thomson Reuters Survey Highlights Companies' Uncertainty Around Conduct Risk - Inaugural Survey Finds A Lack Of Consistency And Clarity Defining And Regulating "Conduct Risk"

Date 22/01/2014

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced the findings of a new survey which shows that although conduct risk has become one of the highest priorities for regulators worldwide, there is still great disparity in how firms are defining conduct risk and similarly how regulators are referring to the concept. According to the Thomson Reuters Conduct Risk Report 2013, firms, in response to an increasing volume of regulatory change, demands and priorities are placing increased importance on conduct risk while working to establish what the concept means for their organizations.

Questions And Answers On The Proposed Market Stability Reserve For The EU Emissions Trading System

Date 22/01/2014

1. What has the Commission proposed today concerning the EU ETS?

The Commission has presented a legislative proposal to establish a market stability reserve for the EU Emissions Trading Scheme (EU ETS), as part of the 2030 framework for climate and energy policies. This market stability reserve will operate as of phase 4 starting in 2021 to provide market participants with the necessary certainty as regards the auction supply during phase 3 and an appropriate lead-time for the introduction of the reserve.

ISDA Publishes Recommendation For FpML Version 5.6

Date 22/01/2014

The International Swaps and Derivatives Association, Inc. (ISDA) today announced the publication of the Recommendation for Financial products Markup Language (FpML) version 5.6.  Version 5.6 allows the industry to fulfill reporting requirements in jurisdictions where reporting to trade repositories is expected to go live in 2014.

2030 Climate And Energy Goals For A Competitive, Secure And Low-Carbon EU Economy

Date 22/01/2014

A reduction in greenhouse gas (GHG) emissions by 40% below the 1990 level, an EU-wide binding target for renewable energy of at least 27%, renewed ambitions for energy efficiency policies, a new governance system and a set of new indicators to ensure a competitive and secure energy system. These are the pillars of the new EU framework on climate and energy for 2030 presented today by the European Commission.

New DTCC White Paper Reveals Critical Need For Market Infrastructure Solutions To Meet Rising Collateral Demand - Collaborative Solutions Needed To Mitigate Significant Impacts On Financial Firms

Date 22/01/2014

The Depository Trust & Clearing Corporation (DTCC) today cautioned that financial firms could face significant cost, risk and operational challenges managing margin requirements in the years ahead and called for collaborative solutions that leverage market infrastructures to help the industry meet increasing demands. 

Traiana Connects To First Trade Repositories For EMIR Reporting

Date 22/01/2014

JSE Welcomes New Dubai Based Equity Member

Date 22/01/2014

The JSE has welcomed Arqaam Capital, a specialist emerging markets investment bank headquartered in Dubai, as its newest equity member. 

Euronext Launches Rapeseed Complex

Date 22/01/2014

Euronext, a wholly owned subsidiary of IntercontinentalExchange Group (NYSE: ICE), today announced that it will launch a combined Rapeseed derivatives complex by the end of 2014, offering the industry both Rapeseed meal and Rapeseed oil futures and options in individual contracts, subject to all relevant regulatory approvals. The launch also expands the Euronext commodities offering to cover the bio-diesel sector as it allows European mineral oil participants to hedge their bio-diesel price exposure.

ESMA: European Court Of Justice Rejects UK Challenge To Short-Selling Regulation

Date 22/01/2014

The European Court of Justice (ECJ) today has dismissed the UK’s challenge to the Short-Selling Regulation (SSR). The UK was challenging the power of ESMA to adopt emergency measures under the SSR, which in their view went against general EU principles. The ECJ rejected the plea finding that the SSR and the powers given to ESMA are compatible with EU law. Both ESMA and the European Commission welcomed the ECJ’s ruling.

Latest ICMA Survey Shows Sharp Decline In Size Of The European Repo Market

Date 22/01/2014

The European Repo Council of the International Capital Market Association (ICMA) today released the results of its 26th semi-annual survey of the European repo market. The survey, which computes the amount of repo business outstanding on 11 December 2013, sets the baseline figure for market size at EUR 5,499 billion. This represents a sharp decline in market size from the figure of EUR 6,079 billion recorded in the last survey in June 2013.  Using a constant sample of banks in both surveys, it is estimated that that the market has shrunk by at least 8.2% since June.