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  • 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.

  • In CFTC Action, Former Trader Krishna Mohan Admits To Engaging In Spoofing And Manipulative Scheme At A Proprietary Trading Firm - CFTC Order Recognizes Mohan’s Entry Into A Cooperation Agreement With The Division Of Enforcement

    Date 25/02/2019

    The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Krishna Mohan (Mohan), in which Mohan admits to engaging in manipulative and deceptive schemes, along with other individuals, which involved thousands of acts of spoofing (bidding or offering with the intent to cancel the bid or offer before execution) in a variety of futures contracts traded on the Chicago Mercantile Exchange and Chicago Board of Trade. The Order finds that Mohan engaged in this unlawful activity while trading for his former employer, a proprietary trading firm named as “Firm A” in the Order.    

  • Confluence Successfully Readies Clients For First Form N-PORT Filings In April 2019

    Date 25/02/2019

    Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, today announced that their clients - fund administrators and asset managers servicing or managing over 75% of ’40 Act funds - are on target to meet their first Form N-PORT filing deadline, arriving in April 2019.