News Centre

UK's Prudential Regulation Authority Consults On Implementing The Bank Recovery And Resolution Directive

Date 24/07/2014

The Prudential Regulation Authority (PRA) has today proposed changes to its rules to implement the EU Bank Recovery and Resolution Directive (BRRD). The BRRD provides a common set of tools and powers for dealing with failing banks and will take effect at the end of 2014.

ECB Announces Theft Of Contact Information

Date 24/07/2014

• Email addresses and contact data stolen from public ECB website
• Theft was from database that is separate from any internal system
• No market sensitive data compromised

Barclays Responds To Complaint From New York Attorney General

Date 24/07/2014

A spokesperson for Barclays said:

"Barclays works closely with its regulators in all jurisdictions and will continue to cooperate with the New York Attorney General. However, we do not believe that this suit is justified, and we have a duty to our shareholders, clients and staff to defend our position.”

IOSCO Surveys Use Of Social Media And Automated Advice By Intermediaries

Date 24/07/2014

The International Organization of Securities Commissions (IOSCO) today published its Report on the IOSCO Social Media and Automation of Advice Tools Surveys. The paper presents the results of four surveys on the use of social media and automated advice tools in capital markets, and how regulators oversee the use of these tools.

SunGard Named Best Market Risk Solution Provider And Best Network Provider In 2014 Waters Rankings

Date 24/07/2014

SunGard has been named as “Best Market Risk Solution Provider” and “Best Network Provider” in the 2014 Waters Technology Rankings for its Adaptiv and SunGard Global Network (SGN) solutions, respectively. Readers of Waters Technology magazine and industry participants vote in the Waters Rankings, which recognize excellence among providers to the financial industry. 

TheCityUK Responds To Latest Balance Of Competences Report

Date 24/07/2014

TheCityUK has responded to the latest Treasury report reviewing the balance of powers between London and Brussels.

NASDAQ OMX Announces Quarterly Dividend Of $0.15 Per Share

Date 24/07/2014

The Board of Directors of The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) has declared a regular quarterly dividend of $0.15 per share on the company's outstanding common stock. 

MARF Admits To Trading A €75 Million Issue By EYSA

Date 24/07/2014

The Mercado Alternativo de Renta Fija (MARF) today admitted a new bond issue by EYSA, with an issue size of €75 million.

NASDAQ OMX Reports Strong Second Quarter 2014 Results

Date 24/07/2014

• Second quarter 2014 net revenues1 were $523 million, up 16% year-over-year.
• Achieved 4% organic revenue growth2 year-over-year, and saw 9% organic growth across the non-transactional segments: Information Services, Technology Solutions, and Listing Services.
• Generated second quarter 2014 non-GAAP diluted EPS of $0.70, a 13% increase year-over-year. Second quarter 2014 GAAP diluted EPS was $0.59.
• Non-transaction based revenues were 74% of our total second quarter 2014 net revenues, and increased 19% from the prior year quarter.
• Announcing reduction of Non-GAAP operating expense guidance for 2014, reflecting the impact of recent industry volume levels and certain management cost actions.
• The company paid down $100 million of debt in the second quarter and returned to its long-term leverage target. Completing this de-leveraging allowed a resumption of the buyback program and $93 million of stock was repurchased during the period.

ICAEW And CISI Launch Diploma In Corporate Finance In Cyprus

Date 24/07/2014

ICAEW (Institute of Chartered Accountants in England & Wales) and the Chartered Institute for Securities & Investment (CISI) have launched a diploma in Corporate Finance. The only specialist diploma of its kind, the qualification will be delivered by the Cyprus International Institute of Management and is aimed at establishing and maintaining the highest standards of professional skill and care in all corporate finance transactions.