News Centre

Federal Reserve Issues FOMC Statement

Date 18/12/2013

Information received since the Federal Open Market Committee met in October indicates that economic activity is expanding at a moderate pace. Labor market conditions have shown further improvement; the unemployment rate has declined but remains elevated. Household spending and business fixed investment advanced, while the recovery in the housing sector slowed somewhat in recent months. Fiscal policy is restraining economic growth, although the extent of restraint may be diminishing. Inflation has been running below the Committee's longer-run objective, but longer-term inflation expectations have remained stable.

Federal Reserve Board And Federal Open Market Committee Release Economic Projections From The December 17-18 FOMC Meeting

Date 18/12/2013

The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Reserve Board members and Federal Reserve Bank presidents for the December 17-18 meeting of the Federal Open Market Committee.

European Banking Authority Publishes Reports On Comparability Of Risk Weighted Assets (RWAs) And Pro-Cyclicality

Date 18/12/2013

In the context of its ongoing work on comparability of RWAs, the European Banking Authority (EBA) published today three reports: (i) an interim report on the consistency of RWAs in SMEs and residential mortgages portfolios; (ii) a report on the comparability of supervisory rules and practices; and (iii) a report on variability of RWAs for market risk portfolios. Furthermore, the EBA also released its report on the pro-cyclicality of banks' capital requirements, which supplements the work on comparability, together with a summary report that compiles all the work on comparability of RWAs for IRB models.

Amendment Of WSE Dividend Policy

Date 18/12/2013

• WSE becomes more attractive as a dividend-paying company. 
• The Exchange Management Board will recommend dividend payment to the General Meeting based on the consolidated profit of WSE Group instead of the separate profit of WSE.

European Banking Authority Publishes Final Draft Technical Standards On Market Risk

Date 18/12/2013

The European Banking Authority (EBA) published today final draft Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) related to market risk. In particular, the EBA published (i) RTS on the definition of materiality thresholds for specific risk in the trading book; (ii) ITS on closely correlated currencies; (iii) RTS on non-delta risk of options in the standardised market risk approach; and (iv) ITS on appropriately diversified indices. The standards will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union (EU).

Statement On Proposed Rules To Amend Regulation A, Commissioner Kara M. Stein, U.S. Securities And Exchange Commission, Washington, D.C., Dec. 18, 2013

Date 18/12/2013

Today, the Commission is taking an important step towards completing its responsibilities under the Jumpstart Our Business Startups Act, commonly called the JOBS Act. 

Platts: Asia Spot LNG Prices For January 2014 Delivery Rose 7.2% On Winter Demand - On A Year-Over-Year Basis, January Prices Increased 21.3%

Date 18/12/2013

Prices of liquefied natural gas (LNG) for January 2014 delivery to Asia increased 7.2% from December to $18.958 per million British thermal units (/MMBtu), as North Asian buyers continued to compete for winter cargoes, according to the latest Platts Japan/Korea Marker (JKM) for month-ahead delivery. The monthly average Platts JKM for delivery in January 2014 was assessed from November 18 to December 13.

Opening Statement On Proposal For Regulation A+, SEC Chair Mary Jo White, Washington, D.C., Dec. 18, 2013

Date 18/12/2013

Good morning.   This is an open meeting of the U.S. Securities and Exchange Commission on Dec. 18, 2013, under the Government in the Sunshine Act.

European Banking Authority Publishes Final Draft Technical Standards On Metrics For Monitoring Additional Liquidity

Date 18/12/2013

The European Banking Authority (EBA) publishes today its final draft Implementing Technical Standards (ITS) on additional liquidity monitoring metrics. The ITS provide supervisors with an adequate toolkit to assess the liquidity risk profile of institutions. The standards will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union (EU).

Member States Voted In Favor Of The EU Audit Market Reform

Date 18/12/2013

In the Permanent Representatives Committee (COREPER I) today the Member States approved the compromise text regarding the Proposals for a new Regulation and for amendments of Directive of the European Parliament and of the Council on EU audit market reform. After the preliminary agreement on the proposed reforms earlier this week by the Lithuanian Presidency and the European Parliament during the final trilogues on 16-17 December, this allows reaching a first reading agreement, after the formal voting in the European Parliament and later in the Council.