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New Measures To Restore Confidence In Benchmarks Following LIBOR And EURIBOR Scandals

Date 18/09/2013

The Commission has today proposed draft legislation to help restore confidence in the integrity of benchmarks. A benchmark is an index (statistical measure), calculated from a representative set of underlying data, that is used as a reference price for a financial instrument or financial contract or to measure the performance of an investment fund. The new rules will enhance the robustness and reliability of benchmarks, facilitate the prevention and detection of their manipulation and clarify responsibility for and the supervision of benchmarks by the authorities. They complement the Commission’s proposals, agreed by the European Parliament and Council in June 2013, to make the manipulation of benchmarks a market abuse offence subject to strict administrative fines (see MEMO/13/774).

IOSCO Confirmed As The Key Global Reference Point For Securities Regulation

Date 18/09/2013

Members of the International Organization of Securities Commissions (IOSCO) met during its Annual Conference this week to discuss how to advance work on global regulatory reform and the identification of emerging risks in securities market.
CME Group Files An Application To Be Registered As A Swap Execution Facility

Date 18/09/2013

CME Group, the world's leading and most diverse derivatives marketplace, announced today that it has filed an application to be registered as a Swap Execution Facility (SEF) with the Commodity Futures Trading Commission (CFTC). CME Group's SEF will be available over CME Direct, a sophisticated online front-end trade management platform for accessing CME Group's deeply liquid exchange listed and OTC energy and metals markets.
NYSE Technologies And First Derivatives Collaborate On New Suite Of ‘As A Service’ Trading Solutions - Combines Leading Data And Archiving Platforms To Create A Diverse Range Of New On-Demand Services - Launching Tick As A Service In October 2013

Date 18/09/2013

NYSE Technologies, the commercial technology division of NYSE Euronext (NYX) today announced that it will be working with First Derivatives, a leading provider of software and consulting services to the capital markets industry, to create a new suite of historical data ‘as a service’ solutions. Combining NYSE Technologies’ historical and real-time data expertise covering cash, options, futures and corporate actions with First Derivatives’ products and market expertise, the Tick as a Service offering will build into a suite of innovative market services for clients to gain efficient access to large data stores for analytical back testing and compliance.
Taiwan Stock Exchange Welcomes Measures To Stimulate Trading Activity

Date 18/09/2013

Taiwan Stock Exchange (TWSE) welcomes recently announced measures by the Financial Supervisory Commission (FSC) to stimulate trading activity.

Instituto BME To Launch The 6th Edition Of Its Advanced Investor Relations Course

Date 18/09/2013

Instituto BME, Bolsas y Mercados Españoles’ (BME) educational centre, will start the sixth edition of its Advanced Investor Relations Course on 8 November, in Madrid.
The Disciplinary Committee Of NASDAQ OMX Stockholm Fines CybAero AB

Date 18/09/2013

The Disciplinary Committee of NASDAQ OMX Stockholm AB (“the Exchange”) has found that CybAero AB (“CybAero”), whose shares are traded on First North, has contravened the disclosure obligation rules stipulated in the First North Nordic Rulebook (“the Rulebook”) and has ordered CybAero AB to pay a fine of 100 000 kronor corresponding to two annual fees.
Moscow Exchange: Results Of Auction For Placement Of The Russian Federation Government Bonds, Issue No26212RMFS On September 18, 2013

Date 18/09/2013

Parameters of issue # 26212RMFS:

Maturity date: 19 January 2028.
UK’s Financial Conduct Authority Review Finds Evidence Of Life Insurance And Advisory Firms ‘Undermining The Objectives Of The RDR’ And Consults On New Guidance

Date 18/09/2013

The Financial Conduct Authority (FCA) has published a review to find out whether firms continue to be influenced by inducements from product providers, despite the Retail Distribution Review (RDR) coming into effect in January 2013. The review published today found some life insurance firms had arrangements in place which could influence advisers, contrary to the RDR’s aim of removing commission bias in financial advice.
ICMA: European Repo Market Recovers As Banks Return To The Market For Funding

Date 18/09/2013

The European Repo Council of the International Capital Market Association (ICMA) today released the results of its 25th semi-annual survey of the European repo market. The survey, which computes the amount of repo business outstanding on 12 June 2013, sets the baseline figure for market size at EUR 6,076 billion. This represents an increase of 8.6% in the size of the market since the last survey in December 2012, (measured using a constant sample of survey respondents).