News Centre

EBA: Consultation Paper On Draft RTS On Criteria For Assessing Risk Factors Modellability Under The IMA

Date 27/06/2019

Cboe Futures Exchange And American Financial Exchange Announce Planned Launch Of AMERIBOR® Futures

Date 27/06/2019

• AMERIBOR futures debut planned for trade date August 16, 2019
• Banks and other financial institutions may use new futures to hedge variable overnight funding costs and interest rate risk; traders may execute interest rate trading strategies
• AFX experienced record volume and membership in 2019

FESE European Exchange Report - Year 2018

Date 27/06/2019

Click here to download FESE's European Exchange Report.

CFTC: Commodity Pool And Its President Ordered To Pay $1.2 Million, Banned From Markets For Futures Fraud

Date 27/06/2019

The Commodity Futures Trading Commission (CFTC) announced today that a Virginia federal court has entered a Consent Order (Order) resolving a CFTC action against defendants The Kane Capital Investment Group, LLC and its President, Amrit Jaswant Singh Chahal (together, defendants), both of Virginia.  The Order results from a CFTC Complaint charging the defendants with commodity futures fraud, commodity pool fraud, registration violations, and illegally commingling funds (see CFTC Complaint and Press Release 7712-18, dated April 13, 2018). 

EBA Publishes Its Roadmap For The New Market And Counterparty Credit Risk Approaches And Launches Consultation On Technical Standards On The IMA Under The FRTB Along With A Data Collection On Non-Modellable Risk Factors

Date 27/06/2019

The European Banking Authority (EBA) published today its roadmap on the new market and counterparty credit risk approaches and launched a consultation on eleven draft Regulatory Technical Standards (RTS) on the new Internal Model Approach (IMA) under the FRTB (Fundamental Review of the Trading Book) standards along with a data collection exercise on non-modellable risk factors (NMRF). The consultations run until 4 October 2019.

State Street Settles SEC Charges For Adding Undisclosed Markups On Client Expenses

Date 27/06/2019

The Securities and Exchange Commission today announced that State Street Bank and Trust Company has agreed to pay over $88 million to settle charges for overcharging mutual funds and other registered investment company clients for expenses related to the firm's custody of client assets. The overcharges included a secret markup that State Street tacked on to the cost of sending secured financial messages through the Society of Worldwide Interbank Financial Telecommunication (SWIFT) network.

UK Financial Conduct Authority: Two Found Guilty Of Insider Dealing

Date 27/06/2019

Today Fabiana Abdel-Malek was sentenced to 3 years imprisonment and Walid Choucair sentenced to 3 years imprisonment in respect of five offences of insider dealing. Fabiana Abdel-Malek and Walid Anis Choucair were each convicted over the course of the past three days of insider dealing following an eleven week trial brought by the Financial Conduct Authority (FCA) at Southwark Crown Court.

EBA: Consultation Paper On Draft RTS On Liquidity Horizons For The IMA

Date 27/06/2019

The European Banking Authority (EBA) published today its roadmap on the new market and counterparty credit risk approaches and launched a consultation on eleven draft Regulatory Technical Standards (RTS) on the new Internal Model Approach (IMA) under the FRTB (Fundamental Review of the Trading Book) standards along with a data collection exercise on non-modellable risk factors (NMRF). The consultations run until 4 October 2019.

Joint Statement On CFTC-SEC Portfolio Margining Harmonization Efforts, SEC Chairman Jay Clayton, June 27, 2019

Date 27/06/2019

Commodity Futures Trading Commission Chairman J. Christopher Giancarlo and Securities and Exchange Commission Chairman Jay Clayton issued the following joint statement today:

“We and our colleagues at the CFTC and the SEC are committed to working together to ensure that our regulations are effective, consistent, mutually reinforcing, and efficient. In certain cases, these important objectives are best served by harmonizing our rules. We believe we should explore whether portfolio margining is an area where increased harmonization would better serve our markets and our investors. We have asked our staffs to work together to assess the potential for portfolio margining of uncleared swaps with security-based swaps, to consider further efficiencies in cleared swaps and security-based swaps portfolio margining, and to explore expanding portfolio margining to futures and cash equity positions. We are particularly interested in identifying opportunities for efficiency that also will ensure robust investor protection and market integrity. In the near future, staff at our two agencies will be seeking further input from the public regarding these issues, including soliciting written comments and conducting additional market outreach.”

Borsa Istanbul: In The Scope Of BIST KYD Indices, Debt Securities And Lease Certificate Indices Calculated By Using T+1 Value Date Prices Will Be Calculated As Of June 28, 2019

Date 27/06/2019

In the scope of BIST KYD Indices, in addition to debt securities and lease certificate indices calculated by using T+0 value date prices, T+1 value date prices versions of the will be calculated and published as of June 28, 2019.