News Centre

Moscow Exchange: New Ticker Symbol For Depositary Receipts On Shares Of VK Company Limited (Mail.ru Group Limited)

Date 13/12/2021

Effective 14 December 2021, MOEX’s ticker for depositary receipts representing shares of international issuer VK Company Limited (Mail.Ru Group Limited, ISIN US5603172082) is changed from MAIL to VKCO. The resolution was adopted by the shareholders of the Company owning at least 65% of Mail.Ru Group Limited shares on 29 November 2021. The above change is part of the rebranding of Mail.ru Group to VK announced on 12 October 2021.

Exchange Council Acknowledges ECC´s Safe Haven Role In Volatile Markets

Date 13/12/2021

On 2 December 2021, the Exchange Council of the European Energy Exchange (EEX) held its last meeting of the year, chaired by Dr. Bernhard Walter, Head of Market Design and Regulatory Affairs at EnBW AG.

Moscow Exchange: Expected Corporate Event Of Kansas City Southern ORD SHS (KSU-RM)

Date 13/12/2021

Moscow Exchange announces an expected corporate event entailing conversion upon merger of Kansas City Southern (ISIN US4851703029, ticker - KSU-RM) into Canadian Pacific Railway Ltd. ("CP"). If the corporate event occurs, Kansas City Southern ("KCS") will subsequently cease operations.

Falling Further Back - Statement On SEC Chair Gensler’s Regulatory Agenda: SEC Commissioner Hester M. Peirce, SEC Commissioner Elad L. Roisman, Dec. 13, 2021

Date 13/12/2021

While Chair Gary Gensler’s newly released regulatory agenda[1] is ambitious in scope, we are disappointed with its content. It fails to include any items intended to facilitate capital formation and misses opportunities to foster fair, orderly, and efficient markets and further investor protection. Instead the agenda is brimming with plans to redo recently completed rules, add new regulatory obligations, and constrain investor choice.

New Figures Show AML Enforcement Isn’t Slowed By Pandemic, Reveals Kroll

Date 13/12/2021

• Forty-five fines for money laundering failures issued in 2020; on par with 45 issued in 2019
• Fines for anti-money laundering (AML) failings globally five times higher in 2020 than 2019, totalling USD 2.2 billion
• Total fines for AML failings in January – June 2021 stand at 45% of 2020 total, totalling USD 994 million

FSB Illustrates Practical Approaches To The Execution Of Bail-In

Date 13/12/2021

The Financial Stability Board (FSB) today published a Practices Paper on the Execution of Bail-in.

FSB: A Draft Framework For Money Laundering/Terrorist Financing Risk Assessment Of A Remittance Corridor

Date 13/12/2021

This IMF-World Bank report proposes a draft framework and methodology for risk assessment in remittance corridors having the potential of being identified as “safe remittance corridors”.

UK Financial Conduct Authority: NatWest Fined £264.8 Million For Anti-Money Laundering Failures

Date 13/12/2021

National Westminster Bank Plc (NatWest) was today fined £264,772,619.95 following convictions for three offences of failing to comply with money laundering regulations.

EBA Publishes Amended Technical Standards On Credit Risk Adjustments

Date 13/12/2021

The European Banking Authority (EBA) published today its final report on the draft Regulatory Technical Standards (RTS) amending its  RTS on credit risk adjustments in the context of the calculation of the Risk Weight (RW) of defaulted exposures under the Standardised Approach (SA) of credit risk. The proposed amendments follow up on the European Commission’s Action Plan to tackle Non-Performing Loans (NPL) in the aftermath of the COVID-19 pandemic, which indicated the need for a revision of the treatment of purchased defaulted exposures under the SA. This revision is necessary to ensure that the prudential framework does not create disincentives to the sale of non-performing assets by banks.

Bank Of England: Financial Policy Summary And Record - December 2021

Date 13/12/2021

The Financial Policy Committee (FPC) seeks to ensure the UK financial system is prepared for, and resilient to, the wide range of risks it could face – so that the system can serve UK households and businesses in bad times as well as good.