News Centre

EBA Publishes Its Roadmap On The Risk Reduction Measures Package

Date 21/11/2019

The European Banking Authority (EBA) published today a set of roadmaps outlining its approach and timelines for delivering the mandates stemming from the Risk Reduction Measures Package adopted by the Council of the EU and the European Parliament on 20 May 2019. These mandates are mainly focused in the areas of  governance and remuneration, large exposures, resolution as well as reporting and disclosure. Besides clarifying the sequencing of mandates and the rationale behind their prioritisation, the roadmaps aim at providing a preliminary understanding of the mandates combined with some policy guidance. Through this work, the EBA will contribute to making the European Single Rulebook more comprehensive, proportionate and apt to reflect developments in the banking sector.

Russia National Settlement Depository Shareholders Conclude New Shareholder Agreement

Date 21/11/2019

On 21 November 2019, shareholders of National Settlement Depository (NSD), which is Russia’s central securities depository and part of the Moscow Exchange Group, entered into an amended shareholder agreement with respect to NSD, which has become a party to the agreement. MOEX has a 99.997% equity interest in NSD, while 34 leading financial market participants including banks, brokerages, registrars, the Republican Central Securities Depository (Belarus) and international central securities depositories such as Euroclear Bank SA/NV and Clearstream Banking S.A. each own one share of NSD. In view of this ownership structure, the amended agreement will help ensure the balance of interests between the shareholders and NSD clients.

Itarle Hires Former Proprietary Trading Chief To Spearhead North American Push

Date 21/11/2019

Itarle (USA) LLC, a leading provider of high-performance, best execution services to banks, has appointed James Thorpe as Regional Manager of its Chicago office to further boost Itarle’s presence across North America. This appointment demonstrates the firm’s commitment to bringing best-in-class algorithmic execution and analytics services to trading venues as it continues to expand its North American team.

SET And 14 Business Operators, 12 SEs, Environmental Partners Launch Care The Whale: Climate Action Collaboration @Ratchada District Campaign

Date 21/11/2019

The Stock Exchange of Thailand (SET) has synergized with over 14 business operators with workplaces along Ratchadapisek road, 12 social enterprises, as well as environmental partners, to push forward zero waste implementation campaign under “Care the Whale project: The Climate Action Collaboration @Ratchada District Initiative”. The collective effort, starting from promoting zero-waste consuming behavior among Thais, aims at turning Ratchadapisek road in Bangkok into a balanced environment and become a model of upstream circular economy.

Aximetria Integrates EURS Stablecoins Into Its Next-Gen Personal Finance App

Date 21/11/2019

Aximetria, a fintech company that offers a crypto-centric mobile finance app for exchange, remittances and passive investments, announces full support for EURS, a Euro-backed stablecoin. For the first time, even users who lack bank accounts can transact fiat values – digitally, in-person or across borders, and then get it into cash money. Unbanked citizens of the world have an important new option: simply download and install Aximetria, and optionally sign up for a debit card tied to your new crypto wallet.

Bursa Malaysia To Launch New Organisational Structure To Accelerate Growth And Improve Organisational Effectiveness

Date 21/11/2019

Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) today announced its plan for an organisational restructure, to be effective on 1 January 2020. The new structure will flatten the organisation and future proof the Exchange in light of the fast-evolving and challenging operational and regulatory landscape.

BME: Izertis To Start Trading On MAB On Monday, 25th November

Date 21/11/2019

• t is the 20th company to list on MAB in 2019
• The company will have a value of 36.2 million euros on its market debut

Next Steps In Transition From LIBOR, Speech By Edwin Schooling Latter, Director Of Markets And Wholesale Policy At The FCA, Delivered At The Risk.Net LIBOR Summit, 2019

Date 21/11/2019

Highlights

• Key next steps in reducing the risks from continued use of the LIBOR benchmark include ending use of LIBOR in new sterling loans from Q3 2020, and making it standard to quote based on SONIA in sterling swap markets.
• The FCA’s Director of Markets and Wholesale Policy describes how LIBOR could cease or fail the Benchmarks Regulation ‘representativeness’ test at end-2021, and how robust contractual fall back triggers can protect market participants from risks in both scenarios.

BME: Mango Registers Its First Commercial Paper Programme With MARF

Date 21/11/2019

MARF, BME’s Fixed Income market, today registered a 200 million-euro new Commercial Paper (CP) Programme from textile group Mango, through its operating company Punto FA. With this new financing tool the company will be able to raise funding in this BME Fixed Income market via the issuance of CPs, which will be placed among professional investors, with nominal per-unit values of 100,000 euros and maturities of up to 24 months .

New Hong Kong Securities And Futures Commission Guidance Addresses Market Misconduct

Date 21/11/2019

The Securities and Futures Commission (SFC) today issued a statement to remind listed companies about their disclosure obligations together with a circular on the conduct expected of asset managers. These measures are part of the SFC’s ongoing efforts to tackle market and corporate misconduct.