News Centre

Bank Of England: Minutes Of The Meeting Of The Court Of Directors Held On 23 May 2018

Date 23/07/2018

The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.

MiFID II - Six Months On - SIX Trader Survey

Date 23/07/2018

It is just over six months since the implementation of MiFID II and the findings from the SIX trader survey, conducted in April this year, make for interesting reading.

Moscow Exchange: Risk Parameters Change For The Securities

Date 23/07/2018

The following risk parameters will be changed:

IR risk (downward scenario) - SECΔ_1 (Y0/Y1)

LCH Ltd Commits To FX Global Code And UK Money Markets Code - Underlines LCH’s Support For Good Practice And Conduct In The FX And Money Markets

Date 23/07/2018

LCH Ltd (LCH), a leading global clearing house, today confirmed its commitment to the FX Global Code and the UK Money Markets Code.

ACER Publishes A New REMIT Quarterly And Updates Several Key REMIT Documents

Date 23/07/2018

The Agency publishes today a new REMIT Quarterly and an updated version of the Frequently Asked Questions in the field of REMIT, as well as the Manual of Procedures (MoP) on Data Reporting; and Annex VI of the Transaction Reporting User Manual.

Sumitomo Mitsui Trust Bank (U.S.A.) Adopts DTCC Alert GC Direct To Efficiently Manage Settlement Process - Becomes The First Japanese Global Custodian To Go Live On The Service

Date 23/07/2018

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade infrastructure for the global financial services industry, today announced that Sumitomo Mitsui Trust Bank (U.S.A.) Limited (SuMi TRUST USA) has become the first Japanese global custodian to go live on the ALERT Global Custodian Direct (GC Direct) workflow. With GC Direct, SuMi TRUST USA can maintain and provide standing settlement instruction (SSI) data to its clients through ALERT, the industry’s largest and most compliant online global database for the maintenance and communication of account information and SSIs.

ACER Publishes The Second Open Letter On REMIT Data Quality

Date 23/07/2018

The Agency published the Second Open Letter on REMIT data quality, which covers all the reported data types and complements the first Open Letter on REMIT transaction reporting data quality published by the Agency on 16 February 2017.

Westpac Selects Tech Firm Metamako As ‘Business Of Tomorrow’ 2018 For Helping Shape Australia’s Future

Date 23/07/2018

Metamako, the leader in the low-latency, FPGA-enabled network solutions space, has been named a winner of Westpac’s ‘Businesses of Tomorrow’ initiative, highlighting its international growth and technical innovations. The news comes during a crucial period for scale-up company Metamako, following its first acquisition of US firm xCelor’s hardware business, announced in April and its move into new verticals, notably the network visibility and security spaces.

Edelweiss Securities Selects Itiviti For New OMS And Connectivity Solution - Itiviti Expands Its Footprint In India With Rapid Market Growth.

Date 23/07/2018

Itiviti, the leading global provider of multi-asset trading technology and financial infrastructure, today announced that Edelweiss Securities Limited (ESL), India’s leading brokerage firm has successfully deployed Itiviti’s client connectivity and high touch trading solution to support its algorithmic trading business. ESL made the decision to replace their existing system with Itiviti’s best in class modular solution to better capitalize on trading opportunities in India’s dynamic, fast-growing markets.

ESMA Fines Five Banks €2.48 Million For Issuing Credit Ratings Without Authorisation

Date 23/07/2018

The European Securities and Markets Authority (ESMA) has today fined Danske Bank, Nordea Bank, SEB, Svenska Handelsbanken and Swedbank €495,000 each and issued five public notices for negligently breaching the Credit Rating Agencies Regulation (CRAR). ESMA found that the five banks infringed the CRAR by issuing credit ratings without being authorised by ESMA to do so.