News Centre

The Management Of Amanet Management & Systems Opened Trading On The Occasion Of The 25th Anniversary Of Its Listing On TASE

Date 25/02/2019

The management of Amanet Management & Systems opened the trading this morning (February 20, 2019) on the occasion of the 25th anniversary of its listing on the Tel-Aviv Stock Exchange (TASE).

Commentary From Henry Price, CEO Of Red Deer, Following Andrew Bailey’s Keynote Speech On MiFID II At European Independent Research Providers Association

Date 25/02/2019

Ongoing client issues:

Where investment managers have implemented legacy or non-compliant systems, or attempted to solve a problem manually, there is now a significant push to use technology to solve these problems effectively and efficiently. Research managers and their teams are being asked for greater business intelligence to drive the decision-making process, but there’s a fine balance to achieve between front office effort and quality of data, and effort on an overloaded back-office. Managers are looking for an unobtrusive ‘Front-Office First’ approach.

FSB Invites Feedback On The Effects Of Financial Regulatory Reforms On SME Financing

Date 25/02/2019

The Financial Stability Board (FSB) is seeking feedback from stakeholders for its evaluation of the effects of financial regulatory reforms on the provision of financing to small and medium-sized enterprises (SMEs). The evaluation forms part of a broader FSB examination of the effects of post-crisis reforms on financial intermediation. More details on the evaluation and a summary of the views expressed by some stakeholders can be found in the note with the key takeaways of a roundtable held by the FSB on this topic in December 2018.

EBA - Consultation: CP On GLs Guidelines On Credit Risk Mitigation For Institutions Applying The IRB Approach With Own Estimates Of LGDs

Date 25/02/2019

The European Banking Authority (EBA) launched today a consultation on its Guidelines on Credit Risk Mitigation in the context of the advanced internal rating-based (A-IRB) approach, aim to eliminate the remaining significant differences in approaches in the area of credit risk mitigation (CRM), which are either due to different supervisory practices or bank-specific choices. These draft Guidelines complement the EBA Report on CRM, which focused on the standardised approach (SA) and the foundation-IRB approach (F-IRB). The consultation runs until 25 May 2019.

Capital Requirements Of Swedish Banks As Of The Fourth Quarter 2018

Date 25/02/2019

Finansinspektionen publishes the capital requirements of the largest Swedish banks and credit institutions that belong to the supervisory categories 1 and 2 as of the end of the fourth quarter 2018. 

EBA Consults On Guidelines On Credit Risk Mitigation For Institutions Applying The IRB Approach With Own Estimates Of LGD

Date 25/02/2019

The European Banking Authority (EBA) launched today a consultation on its Guidelines on Credit Risk Mitigation in the context of the advanced internal rating-based (A-IRB) approach, aim to eliminate the remaining significant differences in approaches in the area of credit risk mitigation (CRM), which are either due to different supervisory practices or bank-specific choices. These draft Guidelines complement the EBA Report on CRM, which focused on the standardised approach (SA) and the foundation-IRB approach (F-IRB). The consultation runs until 25 May 2019.

Speech By Andrew Bailey, Chief Executive Of The FCA, On The Markets In Financial Instruments Directive (MiFID II) At The European Independent Research Providers Association

Date 25/02/2019

Highlights

• We maintain strong support for the MiFID II reforms. We will continue to supervise compliance with our rules to ensure improved conduct standards and value for money for investors.
• A number of fundamental changes have occurred in the market. Most notable has been the shift by a vast majority of traditional asset managers to fund research from their own revenues – instead of using their clients’ funds.
• We have heard loudly and clearly your views that, as independents, you cannot induce an asset manager to do anything except – hopefully – purchase your research services.
• We remain conscious that we do not necessarily have a full or clear picture, and will continue to monitor developments through engagement with firms and trade bodies.

EBA: CP On GLs Guidelines On Credit Risk Mitigation For Institutions Applying The IRB Approach With Own Estimates Of LGDs

Date 25/02/2019

The European Banking Authority (EBA) launched today a consultation on its Guidelines on Credit Risk Mitigation in the context of the advanced internal rating-based (A-IRB) approach, aim to eliminate the remaining significant differences in approaches in the area of credit risk mitigation (CRM), which are either due to different supervisory practices or bank-specific choices. These draft Guidelines complement the EBA Report on CRM, which focused on the standardised approach (SA) and the foundation-IRB approach (F-IRB). The consultation runs until 25 May 2019.

The Amman Stock Exchange Hosts The Sharia Advisory Committee

Date 25/02/2019

On the occasion of approving the Sharia and Accounting Standards to classify the listed companies at the Amman Stock Exchange ASE according to the compatibility with Islamic Sharia. The ASE hosted the Sharia Advisory Committee in the periodic celebration of ring the bell on Monday, 25/2/2019,  this event came according to the decision of the High Council for Fatwa, Research and Islamic Studies to approve the Sharia and Accounting Standards in its meeting that held on 31/1/2019 with the presence of Dr. Jawad Anani, the ASE's chairman of the Board of Directors, Mr. Nader Azar, the ASE's CEO and the ASE's Executive Management,  where in the end of the celebration Dr. Anani gave the committee members memorial shields.

EBA Publishes Revised Guidelines On Outsourcing Arrangements

Date 25/02/2019

The European Banking Authority (EBA) published today its revised Guidelines on outsourcing arrangements setting out specific provisions for the governance frameworks of all financial institutions within the scope of the EBA's mandate with regard to their outsourcing arrangements and related supervisory expectations and processes. The aim of the Guidelines is to establish a more harmonised framework for these financial institutions, namely credit institutions and investment firms subject to the Capital Requirements Directive (CRD), as well as payment and electronic money institutions. The recommendation on outsourcing to cloud service providers, published in December 2017, has also been integrated into the Guidelines.