News Centre

The European Association Of CCP Clearing Houses (EACH) Welcomes The European Commission Equivalence Decision In Clearing Services

Date 19/12/2018

Against the background of a hard Brexit and increasing risks to financial stability, the European Association of CCP Clearing Houses (EACH) welcomes the decision of the European Commission to agree on a temporary and conditional regime for equivalence and recognition for UK CCPs (1). This regime represents a step forward towards ensuring financial stability and avoiding amongst other the disorderly close out of positions of EU clearing members in UK CCPs guaranteeing the continuity of critical clearing services for EU clearing members in case the withdrawal of the UK from the EU occurs without an agreement (i.e. ‘no-deal’). This equivalence agreement brings increased legal certainty for the market to cope with a ‘no-deal’ scenario.

SEC Proposes Risk Mitigation Techniques For Uncleared Security-Based Swaps

Date 19/12/2018

The Securities and Exchange Commission today voted to propose rules requiring the application of risk mitigation techniques to portfolios of uncleared security-based swaps.  Proposed Rules 15Fi-3 through 15Fi-5 would establish requirements for registered security-based swap dealers and major security-based swap participants (SBS Entities) with respect to:

ESMA Is Ready To Review UK CCPs’ And CSDs’ Recognition Applications For A No-Deal Brexit Scenario

Date 19/12/2018

Recognition of UK CCPs

The European Securities and Markets Authority (ESMA) is publishing this Public Statement to clarify its plans for the recognition of Central Counterparties established in the United Kingdom (UK CCPs) as Third Country CCPs (TC-CCPs) under Regulation (EU) No 648/2012 (European Markets Infrastructure Regulation - EMIR) for a no-deal Brexit scenario, where UK CCPs will become TC-CCPs as of 30 March 2019.

Trayport Monthly Euro Commodities Report For November 2018: TTF Volumes Continue To Rise, Emissions Volume Data Correction And Coal Volumes Up 18% MoM

Date 19/12/2018

Total monthly contracts traded in November came in at 9,884,471, down 4% MoM. The decline was mainly due to lower Emissions, Euro Power and UK Gas volumes while Coal and Euro Gas bucked the trend by posting MoM volume increases. Total 2018 YTD monthly contracts traded are up 11% to 85.5m vs 2017 YTD. LEBA, from whom we source broker bilateral data, discovered incorrect contributed data for Emissions from Jan 2018 to Oct 2018. The over representation had inflated total Emissions volume by 8% in 2018 YTD.

SEC Approves 2019 PCAOB Budget And Accounting Support Fee

Date 19/12/2018

The Securities and Exchange Commission voted today to approve the 2019 budget of the Public Company Accounting Oversight Board (PCAOB) and the related annual accounting support fee.The Securities and Exchange Commission voted today to approve the 2019 budget of the Public Company Accounting Oversight Board (PCAOB) and the related annual accounting support fee.

Moscow Exchange Provides Access To Global FX Liquidity

Date 19/12/2018

On 14 December 2018 Moscow Exchange began offering OTC transactions in the Euro/US Dollar currency pair based on its infrastructure and FX Market interfaces. Integral, a technology provider in the foreign exchange market, delivers the technological solution for access to global liquidity providers. On 19 December 2018 the British Pound/US Dollar currency pair was added to the offering.

eToroX Granted Distributed Ledger Technology Licence

Date 19/12/2018

• Leads the way in ensuring a regulated future for cryptoassets
• eToro ecosystem acts as a bridge from the old world to the new

EEX Acquires 100% Of Grexel

Date 19/12/2018

The European Energy Exchange (EEX) acquires 100% of the shares in Grexel Systems Oy, the leading provider of energy certificate registries in Europe.

Moscow Exchange Launches Trading In Sunflower Seed Futures And Swaps

Date 19/12/2018

On 20 December 2018, Moscow Exchange Group began trading sunflower seeds. The Exchange offered deliverable forward contracts with expiry dates ranging from three to 180 days, as well as deliverable swap contracts. The initiative is supported by the Exchange Committee of Russia’s Federal Antimonopoly Service, the Russian Union of Oils and Fats and representatives of the industry community.

Estonian Police Detained 10 Former Employees Of Danske Bank

Date 19/12/2018

Estonian Central Criminal Police detained 10 former employees of Danske Bank`s Estonian branch. They are suspected of having assisted clients transfer suspicious money through the bank in a systematic and coordinated manner. The volume and pattern of these transactions and deficiency of information enclosed about them indicated the questionable origin of these funds.