News Centre

EBA Launches Discussion On The Methodology For The Assessment Of Liquidity And Funding Risk Under Supervisory Review

Date 19/12/2013

The EBA published today a discussion paper on the methodology for the assessment of liquidity and funding risk under supervisory review. The document, which contains a preliminary version of the common methodology for assessing liquidity and funding risk, aims at helping competent authorities and colleges of supervisors assess liquidity and funding risk and reach joint decisions on liquidity. This methodology will be part of the final SREP guidelines, which will be published for consultation in mid 2014.

FINRA Fines Deutsche Bank Securities, Inc. $6.5 Million For Serious Financial And Operational Deficiencies - Lack Of Required Transparency In Financial Records And Inaccurate Customer Reserve Computations

Date 19/12/2013

The Financial Industry Regulatory Authority (FINRA) today announced that it has fined Deutsche Bank Securities, Inc. (DBSI) $6.5 million and censured the firm for serious financial and operational deficiencies primarily related to its enhanced lending program. The violations, which were originally identified during a 2009 examination, included lack of transparency in the firm's financial records and inaccurate calculations resulting in overstated capitalization and inadequate customer reserves.

Program Trading Averaged 28.1 Percent Of NYSE Volume During Dec. 9-13

Date 19/12/2013

The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms' executed volume from NYSE's orders database.  The report includes trading on the NYSE for Dec. 9-13.

NASDAQ OMX Launches Real-Time Quotes In Investor Relations Mobile Application - IR Mobile Brings Together Institutional Caliber Intelligence And Time-Saving Tools In One Mobile Application

Date 19/12/2013

NASDAQ OMX (Nasdaq:NDAQ) recently launched real-time quote functionality to its existing Investor Relations (IR) web application version of Thomson ONE Investor Relations. The mobile version of its industry-leading content and analytics desktop solution, IR Mobile, brings together institutional caliber intelligence and time-saving tools in one application tailor-made for today's IR professional.

UK’s Financial Conduct Authority Bans Four For 'Disgraceful' Failings In Relation To Occupational Pension Schemes

Date 19/12/2013

Three men have been banned from working in the financial services industry by the Financial Conduct Authority (FCA); and another has been banned from holding key positions. This follows a review of CBW Trustees Limited and CBW Pensions Forensics Limited (collectively CBW) by the Pension Regulator (TPR) which found serious flaws in CBW’s conduct.

EBA Consults On The Minimum Amount Of Professional Indemnity Insurance For Mortgage Credit Intermediaries

Date 19/12/2013

The European Banking Authority (EBA) launched today a public consultation on a draft Regulatory Technical Standard (RTS) on the minimum monetary amount of the professional indemnity insurance or comparable guarantee for mortgage credit intermediaries. These RTS refer to Article 29(2)(a) of the proposed Directive on credit agreements relating to immovable residential property (Mortgage Credit Directive - MCD).

NICE Actimize Recognized As Single “Category Leader” For Financial Crime Solutions By Chartis In 2014 RiskTech100® Rankings - Chartis Financial Crime Category Highlights Leadership In Anti-Fraud, Anti-Money Laundering And Trade Surveillance Technology Offerings

Date 19/12/2013

NICE Actimize, a NICE Systems (NASDAQ:NICE) business and the industry's largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, announced today that Chartis has recognized NICE Actimize as the category leader for financial crime risk management technology in its recently released 2014 RiskTech100® rankings. The category encompasses anti-fraud, anti-money laundering and trade surveillance, technology solutions. Chartis provides research and analysis on the global market for risk management technology.

UBS MTF Trading Holidays

Date 19/12/2013

UBS MTF will be closed on the following days during the Christmas period:

• Wednesday, 25 December 2013
• Thursday 26, December 2013
• Wednesday, 1 January 2014

European Warning On Virtual Currencies

Date 19/12/2013

Consumers have been warned of the possible risks from buying, trading or holding virtual currencies such as Bitcoins by a European financial regulator.

UK's Financial Conduct Authority Statement Regarding Swift Trade Court Of Appeal Judgment

Date 19/12/2013

On 19 December, the Court of Appeal handed down its judgment on the appeal by the Canadian company formerly known as Swift Trade Inc and its former director Peter Beck, who had appealed against a decision of the Upper Tribunal (Tax and Chancery Chamber) issued in January 2013 finding that Swift Trade had engaged in deliberate market abuse.