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argustrade24.com – BaFin Investigates Argus Trade

Date 25/02/2021

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin wishes to clarify that Argus Trade has not been granted authorisation to conduct banking business or to provide financial services. The company is not subject to BaFin’s supervision.

ECB: Luis De Guindos: Sources Of Risk And Vulnerabilities For Financial Stability - IESE Business School Alumni Learning Programme

Date 25/02/2021

Bank profitability has improved but the outlook remains very challenging

• Euro area bank profitability and valuations remain low 
• Model-based estimates point to some risk of under-provisioning. But these do not take into account the impact of extraordinary policy measures in reducing credit risk

ICE Announces Rapid Growth In Marine Fuel And Wet Freight Complex A Year On From IMO 2020

Date 25/02/2021

• Marine Fuel OI up 75% y/y as customers adopt it for hedging
• Wet Freight hits record OI of more than 106,000 lots
• 2.3 billion barrels of marine fuel and 600 million tonnes of wet freight traded on ICE in 2020

Fabrizio Planta Delivers Statement On Cum-Ex/Cum-Cum At European Parliament Subcommittee On Tax Matters

Date 25/02/2021

ESMA Head of Markets and Data Reporting Department, Fabrizio Planta, addressed yesterday the Members of the European Parliament Subcommittee on Fiscal Matters regarding the “Cum-Ex/Cum-Cum” tax fraud scandal. He referred to the past and prospective role of ESMA, and the recommendations and conclusions of the Final Report on the inquiry.

FSB Chair Updates Finance Ministers And Central Bank Governors On The FSB’s Key Priorities For 2021

Date 25/02/2021

The Financial Stability Board (FSB) today published a letter from its Chair Randal K. Quarles to G20 Finance Ministers and Central Bank Governors ahead of their virtual meeting on 26 February.

ESMA Consults On Methodology To Calculate A Benchmark In Exceptional Circumstances

Date 25/02/2021

Moscow Exchange: Risk Parameters Change For The Security RU000A1006G4

Date 25/02/2021

As per the Securities market risk parameters methodology, on 25.02.2021, 15-14 (MSK) the upper bound of the price band (up to 121.27) and initial margins (up to 20 %) for the security RU000A1006G4 were changed. New values are available here

The UK Financial Conduct Authority (FCA) Makes Senior Appointments To Drive Its Transformation

Date 25/02/2021

As part of its transformation programme to build a data-led regulator able to make fast and effective decisions, the FCA announced a restructure in December. This brought together two supervision divisions with the FCA’s policy and competition functions. Following rigorous and wide-ranging recruitment processes, Nikhil Rathi, Chief Executive of the FCA since October, has now made four further appointments to the FCA’s executive team:

- Stephanie Cohen will be the FCA’s Chief Operating Officer (COO). 
- Jessica Rusu will join the FCA’s as its first Chief Data, Information and Intelligence Officer (CDIIO). 
- Sarah Pritchard will become Executive Director, Markets.
- Emily Shepperd will take up the newly created role of Executive Director, Authorisations.

International Success Of KDPW IT Developers

Date 25/02/2021

Buy-in reporting messages developed by KDPW have been successfully approved by ISO20022. As the first messages ever to be registered, they set the buy-in reporting standard, developed from scratch on the initiative of KDPW in ISO20022. The standard defined by KDPW and approved by ISO20022 will apply internationally.

Single Rulebook Launches New Functionality To Switch Between UK And EU Regulation

Date 25/02/2021

Single Rulebook, a leading and integrated software platform for the management of regulatory rules, today announced that it has launched new functionality and tools to enable clients to compare and work effectively across existing EU regulations such as EMIR and MiFID II and the new UK Handbook, published by the Financial Conduct Authority (FCA).