News Centre

SIFMA Fixed Income Market Close Recommendations In The U.S., The U.K. And Japan For Thanksgiving Day

Date 12/11/2020

SIFMA confirmed its previous recommendations for the U.S., the U.K., and Japan in observance of the U.S. Thanksgiving Day holiday.

Keynote Address: ALI CLE 2020 Conference On Life Insurance Company Products, Dalia Blass, SEC Director, Division Of Investment Management, Nov. 10, 2020

Date 12/11/2020

Introduction

Good morning and thank you Stephen Roth for the kind introduction and the warm welcome. I would like to start by wishing you, your families and colleagues good health during these difficult and often unnerving times. This is my fourth year that I have been invited to speak at this conference, although now in a virtual setting. I appreciate the opportunity to connect and engage with you, especially at a time when constructive dialogue and exchange of ideas are perhaps more important than ever.

Facing The Future - Duff & Phelps Comments On Nikhil Rathi’s Address To The City Regulators Today

Date 12/11/2020

Nick Bayley, Managing Director, Head of UK Regulatory Consulting at Duff & Phelps comments on Nikhil Rathi’s address to the City Regulators today:

“Crisis is almost always a catalyst for regulatory change, so it is unsurprising to hear the new FCA chief talk about his intention to ‘transform’ his organisation. Of course, achieving such a transformation will be no easy task given the huge amount of day-to-day authorisation, supervision, policy-making, monitoring and enforcement the FCA juggernaut has to do”.

Strong And Simple - Speech By Sam Woods, Deputy Governor For Prudential Regulation And Chief Executive Officer,, Prudential Regulation Authority - Given At Mansion House, London

Date 12/11/2020

Sam Woods sets out the intention of the Prudential Regulation Authority to implement a ‘strong and simple’ regime for regulating small UK banks and building societies.

Facing The Future – Challenges And Priorities For The FCA: Speech By The FCA CEO, Nikhil Rathi, Given At The Address To The City Regulators, Mansion House

Date 12/11/2020

Highlights

• The financial services industry and the FCA face significant issues and challenges in the coming months – including, but not limited to, the continuing coronavirus (Covid-19) pandemic and the end of the Brexit transition period. 
• In tackling the immediate challenges, we must not lose sight of long-running issues that are reshaping financial services, such as climate change.
• All of our efforts will be underpinned by our ambitious plans to transform the FCA so that we can deliver more for consumers, firms and markets.

José Manuel Campa Opens The 2020 EBA Policy Research Workshop

Date 12/11/2020

José Manuel Campa, Chairperson of the European Banking Authority (EBA) delivered today his openings remarks at the 2020 EBA Policy Research Workshop on the impacts, risks and opportunities of new technologies in the banking sector. The Chairperson underlined the importance of the application of new technologies in the banking sector in a period of increased experimentation and roll-out of new technologies across the EU financial sector and immense technology-enabled change.

Nigerian Stock Exchange Triggers Circuit Breaker, Records Highest Daily Gain In Over Five Years

Date 12/11/2020

The Nigerian Stock Exchange (NSE or The Exchange) All Share Index (ASI) posted its largest daily gain in more than five years on Thursday, 12 November 2020. The ASI rose beyond the set threshold of 5%, triggering a 30-minute trading halt of all stocks for the first time since the circuit breaker was introduced in 2016.

ESMA Publishes First Report On Use Of Sanctions Under The AIFMD

Date 12/11/2020

The European Securities and Markets Authority (ESMA), the EU securities markets regulator, today publishes its first annual report on the use by National Competent Authorities (NCAs) of sanctions under the Alternative Investment Fund Managers Directive (AIFMD).

EEX Sets New Record In Japanese Power Futures - EEX To Extend Fee Waiver In Recognition Of Huge Efforts From The Market

Date 12/11/2020

The European Energy Exchange (EEX) has recorded its highest trading volume to date in Japanese Power Futures. Throughout the month of October, EEX achieved a total traded volume of 111 GWh, thereby setting a new monthly record.

Towards End Of The Transition Period: Getting Ready For A New Environment - Speech Delivered By Nausicaa Delfas, FCA Executive Director Of International, At The UK’s Regulatory Regime For Financial Services Summit

Date 12/11/2020

Highlights

• we should all continue to prepare ahead of the UK’s exit from the transition period, and not be complacent
• we will ensure that our regulatory approach to financial services remains effective and appropriate now that we have left the EU; and 
• we will build on our global role outside the EU, whilst demonstrating our continued commitment to open markets, free trade, and the highest international standards of regulation

2020 has been a significant year. On 31 January 2020, the UK left the EU. A few weeks later, impacts of the Covid-19 pandemic were felt here and across the world.