News Centre

Finansinspektionen: JM Receives A Caution And An Order To Follow Financial Reporting Rules

Date 20/05/2020

JM has been in violation of the international financial reporting standard IFRS 10 in its consolidated financial statements for 2017 by not including – consolidating – tenant-owners associations during the so-called production phase. FI is issuing JM a caution and ordering the company to take corrective action in future financial statements. The correction shall be implemented no later than in the company’s half-yearly report for 2020.

CFTC Division Of Enforcement Issues Civil Monetary Penalty Guidance

Date 20/05/2020

The Commodity Futures Trading Commission today announced the Division of Enforcement has issued new guidance outlining factors the Division considers in recommending civil monetary penalties (CMPs) to the Commission to be imposed in CFTC enforcement actions. The guidance memorializes the existing practice within the Division and has been incorporated into the Division’s Enforcement Manual. This is the first Division CMP guidance issued publicly since the Commission published its penalty guidelines in 1994.

Joachim Nagel To Join The BIS As Deputy Head Of Banking

Date 20/05/2020

• Joachim Nagel sits on the Executive Board of Germany's KfW Bank
• Former member of the Executive Board of the Deutsche Bundesbank
• Five-year term begins on 1 November 2020

Moscow Exchange: Risk Parameters Change For The Security SU46012RMFS9

Date 20/05/2020

As per the Securities market risk parameters methodology, on 20.05.2020, 18-22 (MSK) the upper bound of the price band (up to 166.432) and initial margins (up to 50 %) for the security SU46012RMFS9 were changed. New values are available here

BIS: EME Bond Portfolio Flows And Long-Term Interest Rates During The Covid-19 Pandemic

Date 20/05/2020

Key takeaways

• Bond portfolio outflows from emerging market economies (EMEs) are typically associated with currency depreciation and rising domestic long-term interest rates. This relationship asserted itself in a particularly stark way during the Covid-19 crisis in mid-March 2020.
• The relationship between bond portfolio outflows and long-term rates varies across EMEs, depending on factors such as bond market depth, FX market functioning and sovereign risk. The impact of these factors on the relationship has been thrown into sharper relief during the Covid-19 pandemic.
• Recent policy responses, such as bond purchase programmes, duration swaps and efforts to stabilise exchange rates, can play an important role in maintaining financial stability in EMEs when they face bond outflows. Policy measures to develop deep and liquid bond markets and strengthen the resilience of local currency bond and FX markets are likely to enhance market functioning in the longer term.

EBA Publishes Report On Interlinkages Between Recovery And Resolution Planning

Date 20/05/2020

The European Banking Authority (EBA) publishes today a Report, which assesses interlinkages between recovery and resolution planning under the Bank Recovery and Resolution Directive (BRRD), with the aim of enhancing synergies between the two phases and ensuring consistency in their potential implementation.

BIS: The Drivers Of Cyber Risk

Date 20/05/2020

Focus

Information technology (IT) has become indispensable, underpinning economic growth over the past decades. As organisations of all sizes in both the public and private sector become ever more interconnected and reliant on IT products and services such as cloud-based systems and artificial intelligence, they are increasingly exposed to cyber risks - the risk of financial loss, disruption or reputational damage to an organisation resulting from the failure of its IT systems. These episodes include malicious cyber incidents (cyber attacks) where the threat actor intends to do harm (eg ransomware attacks, hacking incidents or data theft by employees).

UBS MTF Market Notice: Reference Data Issue On XUMP

Date 20/05/2020

Please be advised that UBS MTF is currently experiencing a static data issue impacting the Periodic Auction Order Book only. The current Stock Universe has an undefined tick rule ID which will be corrected after-market hours today.

Cappitech Wins Best Compliance As A Service Solution At 2020 RegTech Insights Awards

Date 20/05/2020

Cappitech, a leading provider of regulatory reporting, best execution analysis and business intelligence solutions for the financial services industry, was pleased to be awarded “Best Compliance as a Service Solution” at the 2020 RegTech Insight Awards today.

Kaizen Reporting Wins Best Transaction Reporting Solution At RegTech Insight Awards 2020

Date 20/05/2020

Leading regulatory reporting firm Kaizen Reporting (Kaizen), developer of the multi-award-winning assurance service, ReportShield™, has won ‘Best Transaction Reporting Solution (for MiFID II/ MiFIR/ EMIR)’ at the RegTech Insight Awards 2020. Hosted and run by the A-Team Group, the awards are voted for by industry members and celebrate providers of leading RegTech solutions, services and consultancies.