News Centre

EBA Publishes Revised Standards To Identify Staff With A Material Impact On The Institution’s Risk Profile

Date 18/06/2020

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on the criteria to identify all categories of staff whose professional activities have a material impact on the institutions’ risk profile (“risk takers”). The objective of these RTS is to define and harmonise the criteria for the identification of such staff and to ensure a consistent approach across the EU. The identification process is based on a combination of qualitative and quantitative criteria.

ACER Publishes Two Decisions Fostering A Single EU Balancing Market For Electricity

Date 18/06/2020

The European Union Agency for the Cooperation of Energy Regulators (ACER) publishes today two decisions in line with the EU Regulation establishing a Guideline on Electricity Balancing, aiming to integrate the EU balancing markets.

EBA Publishes Final Revised Technical Standards To Enhance Quality And Consistency Of Information For Passport Notifications

Date 18/06/2020

The European Banking Authority (EBA) published today its Final draft amending Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) on passport notification. The two sets of amending technical standards increase the quality and consistency of information to be provided by a credit institution notifying its home competent authorities when it intends to open a branch or provide services in another Member State, as well as of the communication between home and host authorities.

Deutsche Bank To Pay Over $10 Million To Settle Two CFTC Cases

Date 18/06/2020

The Commodity Futures Trading Commission today announced the settlement of two enforcement matters involving Deutsche Bank. In the first matter, Deutsche Bank AG (Deutsche Bank) resolved federal court charges stemming from alleged violations of various swap data reporting and other regulatory violations. In the second matter, the CFTC issued an administrative order against Deutsche Bank Securities Inc. (DBSI), filing and settling charges that two of DBSI’s traders engaged in spoofing. According to the order, DBSI manually placed bids or offers on the Chicago Mercantile Exchange (CME) with the intent to cancel those bids or offers before execution, an illegal practice known as spoofing.

EBA Extends Deadline For The Application Of Its Guidelines On Payment Moratoria To 30 September

Date 18/06/2020

The European Banking Authority (EBA) has decided today to extend the application date of its Guidelines on legislative and non-legislative moratoria to 30 September 2020. With EU economies not yet fully opened, this extension shows the importance of a continued support to the measures taken by banks to extend loans in response to the extraordinary nature of the current situation. This extension would ensure that adequate treatment for borrowers is available across the EU, considering that the Covid-19 crisis has been affecting EU countries in a different way and at a different pace.

BIS: Basel Committee Meets - Discusses Impact Of Covid-19 - Reiterates Guidance On Buffers

Date 18/06/2020

The Basel Committee met on 10 and 16 June 2020 to discuss a range of policy issues and to review the impact to date of the coronavirus disease (Covid-19) pandemic on the global banking system.

Moscow Exchange: Final Settlement Prices Determined For June MOEX Index Futures

Date 18/06/2020

OECD To Host Secretariat Of New Global Partnership On Artificial Intelligence

Date 18/06/2020

The OECD will host the Secretariat of the new Global Partnership on AI (GPAI), a coalition launched today that aims at ensuring that Artificial Intelligence is used responsibly, respecting human rights and democratic values. Arrangements for the OECD’s role as host will be finalised in the coming days.

‘Let’s Make Markets Safer, Not Weaker’ – An EACH Note On CCP Recovery And Resolution

Date 18/06/2020

The European Association of CCP Clearing Houses (EACH) publishes today the EACH note on CCP Recovery and Resolution “Let’s make markets safer, not weaker”, outlining our position on what we understand is the compromise proposal of the Croatian Presidency. During the unusual market conditions of the COVID-19 environment, CCPs have shown once more their resilience to extreme market moves and the robustness of their risk management set up under EMIR to ensure the protection of the economy as a whole, and importantly the protection of taxpayers. We would like to make markets safer, not weaker. 

ETFGI Reports That Assets Invested In ETFs And ETPs Listed In Japan Reached A New Record High Of US$415.70 Billion At The End Of May 2020

Date 18/06/2020

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs and ETPs listed in Japan gathered net inflows of US$7.60 billion during May, bringing year-to-date net inflows to US$41.51 billion a record level of year to date net inflows.  Assets invested in the Japanese ETFs/ETPs industry have increased by 8.8%, from US$382.21 billion at the end of April, to US$415.70 billion at the end of May to reach a new record high, according to ETFGI's May 2020 Japanese ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)