News Centre

EBA Announces Timing For Publication Of 2018 EU-Wide Stress Test

Date 19/10/2018

The European Banking Authority (EBA) announced today that individual results for the banks participating in the 2018 EU-wide stress test, along with detailed balance sheets and exposure data as of end 2017, will be published on Friday 2 November at 17:00 UK time (18:00 CET).

ACER Invites Stakeholders To Provide Inputs For The Agency’s 2020 Work Programme

Date 19/10/2018

Alberto Pototschnig, Director ad interim of the EU Agency for the Cooperation of Energy Regulators (ACER), presented today the draft outline of the Agency’s 2020 Work Programme at a public workshop held in Ljubljana. All interested parties were invited to express their views and share their opinions on which areas the Agency should focus its efforts on in 2020. The Agency will endeavour to take on board inputs from interested parties that are feasible and in line with its mandate and the available resources.

Barclays Appoints Ed Wehle As Head Of Global Technology Services Banking

Date 19/10/2018

Barclays announces the appointment of Ed Wehle as Managing Director and Head of Global Technology Services Banking. Mr. Wehle will be based in New York, and will report to Greg Dalvito and Laurence Braham, Co-Heads of Technology Banking, Americas at Barclays.

Competition: The Forgotten Fourth Pillar Of The SEC’s Mission, Robert J. Jackson, Jr.*, Washington D.C., Oct. 11, 2018

Date 19/10/2018

Thank you so much, Sarah [Miller], for that kind introduction. It’s a privilege to be here with you and the Open Markets Institute and Village Capital today. I’ve long admired the Institute’s leadership in putting the concentrated power choking our economy at the forefront of the national agenda, and I share your commitment to making sure our markets are competitive and fair for all Americans. So it’s a real honor to be here with you today.

FSB RCG For Europe Discusses Global And Regional Vulnerabilities, Crypto-Assets And Infrastructure Finance

Date 19/10/2018

The Financial Stability Board (FSB) Regional Consultative Group (RCG) for Europe met in Vienna today.

CFTC To Hold An Open Commission Meeting On November 5

Date 19/10/2018

Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo announced today that the CFTC will hold an open meeting on Monday, November 5, 2018 at 10:00 a.m. to consider the following:

• Final Rule: Amending the De Minimis Exception to the Swap Dealer Definition
• Proposed Rule: Amendments to Regulations on Swap Execution Facilities and the Trade Execution Requirement
• Request for Comment regarding the Practice of “Post-Trade Name Give-Up” on Swap Execution Facilities

Financial Action Task Force: Regulation Of Virtual Assets

Date 19/10/2018

Virtual assets and related financial services have the potential to spur financial innovation and efficiency and improve financial inclusion, but they also create new opportunities for criminals and terrorists to launder their proceeds or finance their illicit activities. The FATF has therefore been actively monitoring risks in this area, and issued guidance on a risk-based approach to virtual currencies in 2015. There is an urgent need for all countries to take coordinated action to prevent the use of virtual assets for crime and terrorism.

ESAs Write To EFRAG On The Endorsement Process Of IFRS 17 Insurance Contracts

Date 19/10/2018

The three European Supervisory Authorities (ESA - ESMA, EBA and EIOPA) have today written a letter to the European Financial Reporting Advisory Group (EFRAG) regarding the endorsement process of the International Financial Reporting Standard (IFRS) 17.

BNP Paribas Asset Management Appoints Corinne Massuyeau As Global Head Of Client Services

Date 19/10/2018

BNP Paribas Asset Management (‘BNPP AM’) announces the appointment of Corinne Massuyeau as Global Head of Client Services.  Corinne is based in Paris and reports to Sandro Pierri, Global Head of Client Group.

Going Green: The FCA’s Developing Approach - Speech By Christopher Woolard, Executive Director Of Strategy And Competition, Delivered At The FCA’s Innovating For A Greener Great Britain Event, London

Date 19/10/2018

Highlights

• Our job is to make markets for financial services work well. Part of that is ensuring that financial services are adequately prepared to cope with the changes on the horizon.
• We want to ensure that firms not only respond to the challenges climate change poses, but also make the most of the opportunities it presents.
• We have set out in our discussion paper how these changes might affect the FCA’s work and we would welcome your views on this.