News Centre

ESAs Joint Committee Defines Its Priorities For 2020

Date 02/10/2019

The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA) published today its 2020 Work Programme.

CFTC Orders Interdealer Brokers To Pay $25 Million For Fraud In FX Options Markets

Date 02/10/2019

The U.S. Commodity Futures Trading Commission announced today that it issued orders filing and settling charges against two interdealer brokers: BGC Financial, LP and GFI Securities, LLC.  The orders find that brokers employed by BGC and GFI on their respective emerging markets foreign exchange options (EFX options) desks made false representations that certain bids and offers were executable and that certain trades had occurred.  The orders were entered on Monday, September 30, 2019.

Statement By The European Commission Following President Jean-Claude Juncker's Phone Call With Prime Minister Boris Johnson

Date 02/10/2019

President Jean-Claude Juncker spoke to Prime Minister Johnson on the phone this afternoon. The Prime Minister informed the President about the contents of the UK's latest proposal – which includes a legal text, explanatory note and letter from Prime Minister Johnson.

EBA Publishes The Regular Basel III Capital Monitoring Report And An Update On The Compliance Of EU Banks With Liquidity Measures

Date 02/10/2019

The European Banking Authority (EBA) published today two reports, which monitor the impact of implementing the final Basel III reforms and the current implementation of liquidity measures in the EU. The EBA Basel III capital monitoring report is the latest in a regular exercise using the methodology of the Basel Committee of Banking Supervision and is not comparable to the broader Call for Advice report published in July 2019. The present report includes an assessment of the impact of the full implementation (to 2027) of the Basel III package on EU banks based on data as of 30 June 2018. The report on liquidity measures evaluates the liquidity coverage requirements currently in place in the EU. Overall, the EBA estimates that the Basel III reforms, once fully implemented, would determine an average increase by 19.3% of EU banks' Tier 1 minimum required capital.  The liquidity coverage ratio (LCR), which was fully implemented in January 2018, stood at around 149% on average in June 2018, well above the minimum threshold of 100%.

Moscow Exchange Trading Volumes In September 2019

Date 02/10/2019

Total trading volume across Moscow Exchange’s markets was RUB 67.7 trln in September 2019.

ESMA Updates MiFID II Q&As On Transparency And Market Structures Issues

Date 02/10/2019

The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) regarding transparency and market structures issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).

BIS - Fragmentation In Global Financial Markets: Good Or Bad For Financial Stability?

Date 02/10/2019

Focus

How does financial market fragmentation relate to financial stability? Does more fragmentation always imply less financial stability? Alternatively, might there be a trade-off between the two, with more fragmentation enhancing financial stability in some cases? Taking a cross-jurisdictional perspective, this paper reviews the literature with the aim of shedding light on the issue and making suggestions for further analysis.

Borsa Istanbul: New Market Structure And Trading Principles In The Equity Market And Amendments In Listing Directive

Date 02/10/2019

Within the scope of Borsa İstanbul A.Ş. Board of Directors’ decision dated 9/27/2019 and numbered 2019/182, and Capital Markets Board’s (CMB) decision dated 9/19/2019 and numbered 52; equities that are being traded in the Equity Market’s BIST Stars and BIST Main submarkets are rearranged into groups according to new criteria that suggests equities with similar magnitude, depth and liquidity trade in the same groups.

ESMA Updates Its CSDR Q&As

Date 02/10/2019

The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) regarding the implementation of the Central Securities Depository Regulation (CSDR).

S&P Europe 350 Factor Dashboard

Date 02/10/2019

• Despite slowing growth in Europe’s economic heartlands and ongoing “Brexit” uncertainty, the markets were cheered after the European Central Bank extended its deposit rate further into negative territory and announced another round of asset purchases. 
• The S&P Europe 350 Momentum was the best-performing European equity strategy this quarter, with Low Volatility following closely behind. 
• Despite a decline in bond yields and the prospects of additional near-term central bank support, dividend strategies have underperformed so far this year.