News Centre

Sneak Peek: ACER's Findings On How Member States Are Doing On The 70% Target For Electricity Cross-Zonal Trading

Date 16/12/2020

Europe’s Clean Energy Package has set a binding minimum 70% target for electricity interconnector capacity for cross-zonal trading.

BME: MARF Registers A New 55 Million-Euro Bond Issue From Greenalia

Date 16/12/2020

• With this transaction, the company will replace its previous issues on the Luxembourg MTF and a loan to finance wind farms, and will fund new green projects

Statement On Rules Governing The Disclosure Of Payments By Resource Extraction Issuers, SEC Commissioner Allison Herren Lee, Dec. 16, 2020

Date 16/12/2020

The statutory mandate under which we act today is fundamentally about transparency. Enhancing transparency to promote accountability and fight corruption. Under Section 1504 of the Dodd-Frank Act, Congress tasked us with crafting rules that would require issuers in the extractive industries to disclose their payments to foreign governments so those governments can be held accountable for the money flowing in.[1] In other words, empowering citizens through information. That goal is in keeping with the United States’ long history as a leader in international efforts to combat corruption. And it is in keeping with the SEC’s role in anti-corruption efforts: enforcing the Foreign Corrupt Practices Act, ensuring compliance with anti-money laundering rules, and participating in the important work of the Financial Action Task Force, a global effort to fight money laundering and terrorist financing. There is nothing new or unusual about the SEC’s role in this space, and Congress treads familiar ground with this mandate.

ESMA Supports IFRS Foundation’s Efforts On International Standardisation In Sustainability Reporting

Date 16/12/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its response to the IFRS Foundation’s consultation on sustainability reporting. ESMA recommends establishing high-quality international standards while also catering for the needs of jurisdictions that are at different stages in their sustainability efforts.

The EBA Continues To Call On Banks To Apply A Conservative Approach On Dividends And Other Distributions In Light Of The COVID-19 Pandemic

Date 16/12/2020

In its 12 March statement, the EBA urged banks to follow conservative distribution policies and use capital for ensuring the continuous financing of the economy. Banks in the European Union have been able to continue supporting businesses and mostly remained with strong levels of capitalisation. However, given that the COVID-19 crisis and the uncertainty on its impact on the economy are likely to continue, with possible further deterioration of asset quality metrics over the next quarters, the EBA urges banks to refrain from distributing capital outside the banking system when deciding on dividends and other distribution policies, including share buybacks, unless extreme caution is applied.

Nasdaq Announces Semi-Annual Changes To The Iceland 10 Index

Date 16/12/2020

Nasdaq (Nasdaq:NDAQ) announced today the results of the semi-annual review of the OMX Iceland 10 Index, (Nasdaq Iceland: OMXI10), which will become effective at market open on Monday, January 04, 2021.

EBA Publishes Final Technical Standards To Ensure Effective Application Of Stay Powers Under The BRRD

Date 16/12/2020

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on the contractual recognition of stay powers. The technical standards provide further specification of essential elements to ensure the effectiveness of the resolution regime established by the Bank Recovery and Resolution Directive (BRRD). These standards are part of the EBA's major programme of work to implement the BRRD and address the problem of too-big-to-fail banks.

UK Financial Conduct Authority : Insider Dealing Convictions Upheld By The Court Of Appeal

Date 16/12/2020

Today the Court of Appeal (Criminal Division) upheld the convictions of Fabiana Abdel-Malek and Walid Choucair for insider dealing.

MIAX Options Exchange - Revised December 16th SPIKE Settlement Price

Date 16/12/2020

Please be advised that the MIAX Options Exchange has revised the SPIKE December 16, 2020 settlement price (SPKCS) from $33.14 to $23.02.

Market Commentary From Bitfinex On Bitcoin Surpassing USD20,000

Date 16/12/2020

“Bitcoin’s ascent above USD 20,000 is yet another milestone in what has been an epic year for crypto, but the main story is not about speculation or trading. Bitcoin represents a monumental technological shift, the consequences of which are only just beginning to be seen. Critics should take heed of the quiet dedication of those building layers upon this technology that will change the very nature of money by the end of this decade.”