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  • Finansinspektionen: JAK Medlemsbank Receives A Remark And An Administrative Fine

    Date 18/06/2020

    JAK Medlemsbank (JAK) has been deficient in its work to prevent money laundering and terrorist financing. The bank is therefore being issued a remark and must pay an administrative fine of SEK 1.6 million.

  • 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

    ContractExpiryFinal settlement price (points)Settlement dateCalculation method
    RTS Index futures June 2020 122,694 18 June 2020 The average value of the RTS Index from 3:00 to 4:00 pm MSK (1,226.94 as of 18 June 2020)
    MOEX Russia Index futures June 2020 271,092 18 June 2020 The average value of the MOEX Russia Index from 3:00 to 4:00 pm MSK (2,710.92 as of 18 June 2020)
    MICEX Index (mini) futures June 2020 2,710.92 18 June 2020 The average value of the MOEX Russia Index from 3:00 to 4:00 pm MSK (2,710.92 as of 18 June 2020)
    Blud-Chip Index futures June 2020 17,959 18 June 2020 The average value of the Blue-Chip Index from 3:00 to 4:00 pm MSK (17,959 as of 18 June 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.