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News Centre
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SEC Names Bryan Wood As Deputy Chief Of Staff
Date 26/06/2019
The Securities and Exchange Commission today announced that Bryan Wood has been named the agency's Deputy Chief of Staff.
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SEC Names Sean Memon As Chief Of Staff
Date 26/06/2019
The Securities and Exchange Commission today announced that Sean Memon will become the agency’s Chief of Staff.
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EBA Issues 2020 EU-Wide Stress Test Methodology For Discussion
Date 26/06/2019
The European Banking Authority (EBA) published today the 2020 EU-wide stress test draft methodology, templates and template guidance, which will be discussed with the industry. The 2020 exercise will assess EU banks' resilience to an adverse economic shock and inform the 2020 Supervisory Review and Evaluation Process (SREP). The methodology covers all risk areas and builds on the methodology prepared for the 2018 exercise, while improving some aspects based on the lessons learnt. The preliminary list of institutions participating in the exercise as well as the timeline are also released today.
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IMF Executive Board Modifies PRGT Interest Rate Mechanism And Approves Zero Rates On All Low-Income Country Lending Facilities Through End-June 2021
Date 26/06/2019
On May 24, 2019, the Executive Board of the International Monetary Fund (IMF) reviewed the interest rates applicable to concessional credit provided under the PRGT. They considered a proposal to modify the mechanism for setting PRGT interest rates, which would unify the interest rates applicable to loans under the Extended Credit Facility (ECF) and the Standby Credit Facility (SCF), while preserving the zero interest rate on credit outstanding under the Rapid Credit Facility (RCF). The proposed change modestly increases the overall degree of concessionality of PRGT financing while producing moderate additional subsidy costs, which can be financed within the PRGT’s self-sustaining financing envelope in the context of the full LIC facilities reform package also considered on May 24, 2019.
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SEC Chief Of Staff Lucas Moskowitz To Leave The Agency
Date 26/06/2019
The Securities and Exchange Commission today announced that SEC Chief of Staff Lucas Moskowitz will leave the agency in early August and will return to the private sector.
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CFTC Orders Merrill Lynch Commodities, Inc. To Pay Approximately $25 Million For Spoofing, Manipulation, And Attempted Manipulation In Precious Metals Futures
Date 26/06/2019
The Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Merrill Lynch Commodities, Inc. (MLCI), a provisionally registered swap dealer, for spoofing, manipulation, and attempted manipulation over a six-year period with respect to certain precious metals futures contracts traded on the Commodity Exchange, Inc. (COMEX).
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ESMA Issues Opinions On Product Intervention Measures By Germany, Spain, Bulgaria, Denmark, Latvia And Greece
Date 26/06/2019
The European Securities and Markets Authority (ESMA) has today issued eight positive opinions on product intervention measures taken by the National Competent Authorities (NCAs) of Germany, Spain, Bulgaria, Denmark, Latvia and Greece. ESMA’s opinion finds that the proposed measures are justified and proportionate and that it is necessary for NCAs of other Member States to take product intervention measures that are at least as stringent as ESMA’s measures.
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CME Group's Terry Duffy To Appear Before The U.S. House Committee On Agriculture Subcommittee To Discuss Impact Of E.U. Foreign Clearinghouse Regulation On U.S. Futures Markets
Date 26/06/2019
CME Group Chairman and Chief Executive Officer Terry Duffy will appear before the U.S. House Committee on Agriculture Subcommittee on Commodity Exchanges, Energy and Credit today to discuss the potential implications of recent European Union (E.U.) legislation that could grant sweeping new regulatory power to European regulators over U.S. futures markets.
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Matthew Kulkin, DSIO Director, To Leave The CFTC
Date 26/06/2019
The Commodity Futures Trading Commission (CFTC) announced today that Matthew Kulkin, Director of the CFTC’s Division of Swap Dealer & Intermediary Oversight (DSIO), will leave the agency later this summer.
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Tehran Stock Exchange Weekly Market Review - 26 June 2019
Date 26/06/2019
Click here to download Tehran Stock Exchange's weekly market review.
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