News Centre

CFTC Staff Revises No-Action Letters Regarding Market Participants Transitioning From LIBOR

Date 22/12/2021

The Commodity Futures Trading Commission announced today that the Division of Clearing and Risk (DCR), Division of Market Oversight (DMO), and Market Participants Division (MPD) have each issued revised no-action letters to swap dealers and other market participants related to the industry-wide initiative to transition from swaps that reference the London Interbank Offered Rate (LIBOR) and other interbank offered rates to swaps that reference alternative benchmarks.

Moscow Exchange: Risk Parameters Change For The Security AA-RM

Date 22/12/2021

As per the Securities market risk parameters methodology, on 22.12.2021, 17-47 (MSK) the upper bound of the price band (up to 4680) and initial margins (up to 30 %) for the security AA-RM were changed. New values are available here

UK Financial Conduct Authority: Craig Whyte Appears At Court For Failing To Provide Key Passwords For Seized Devices

Date 22/12/2021

In a prosecution brought by the Financial Conduct Authority (FCA), Craig Whyte has been charged with failing to provide passwords for various laptops and phones.

UK Prudential Regulation Authority Fines Metro Bank £5,376,000 For Failing In Its Regulatory Reporting Governance And Controls

Date 22/12/2021

The Prudential Regulation Authority (PRA) has imposed a financial penalty on Metro Bank plc (Metro Bank) of £5,376,000 for failing to act with due skill, care and diligence in relation to the regulatory reporting of its capital position and for failings in its regulatory reporting governance, controls and investment with respect to its Common Reporting (COREP) returns sent to the PRA between 13 May 2016 to 23 January 2019. On 23 January 2019, Metro Bank announced that it had adjusted the risk weightings of certain commercial loan portfolios on its balance sheet, to reflect corrections that it had made.

Moscow Exchange: Risk Parameters Change For The Security PAYX-RM

Date 22/12/2021

As per the Securities market risk parameters methodology, on 22.12.2021, 16-38 (MSK) the upper bound of the price band (up to 9995) and initial margins (up to 16.25 %) for the security PAYX-RM were changed. New values are available here

ICE Benchmark Administration to Launch GBP SONIA Spread-Adjusted ICE Swap Rate® as a Benchmark on January 4, 2022

Date 22/12/2021

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that ICE Benchmark Administration Limited (IBA) plans to launch GBP SONIA Spread-Adjusted ICE Swap Rate® for use as a benchmark in financial contracts and financial instruments by licensees on January 4, 2022.

Integrated System Credit Consulting Fintech Lists On Euronext Growth Milan

Date 22/12/2021

• 42nd listing of 2021 on Euronext Growth Milan

• Integrated System Credit Consulting Fintech brings the total number of companies listed on Euronext Growth Milan to 173

• Total placement volume of the offering equal to €16.0 million

ACER Publishes The First Implementation Monitoring Report On The Emergency And Restoration Network Code

Date 22/12/2021

The EU Agency for the Cooperation of Energy Regulators (ACER) publishes today the first Implementation Monitoring Report on progress in Member States in implementing the EU-wide Network Code on Electricity Emergency and Restoration (NC ER).

EGX Chairman Lectures Egyptian Diplomats to Promote for the Capital Market Abroad

Date 22/12/2021

Dr. Mohamed Farid, Executive Chairman of The Egyptian Exchange (EGX), lectured Egyptian diplomats on the Egyptian Exchange’s role in supporting the economic and social development plans; adopted and implemented by the Egyptian government to improve the Egyptians life, in order to maximize the benefit of the ministry through our diplomatic missions abroad to promote the stock market to attract More foreign investment flows.  The meeting was attended by 35 diplomats.

Directa SIM S.p.A. lLsts On Euronext Growth Milan

Date 22/12/2021

• 41st listing of 2021 on Euronext Growth Milan

• Directa SIM S.p.A. brings the total number of companies listed on Euronext Growth Milan to 172

• Total placement volume of the offering equal to €6.7 million