News Centre

Autorité Des Marchés Financiers: Appointment Of Frédéric Pérodeau As Superintendent, Client Services And Distribution Oversight

Date 20/12/2017

The Autorité des marchés financiers (the “AMF”) announces the appointment of Frédéric Pérodeau as Superintendent, Client Services and Distribution Oversight. Mr. Pérodeau will take up his position on January 22, 2018.

EBA Issues Guidance For The Use Of Cloud Service Providers By Financial Institutions

Date 20/12/2017

The European Banking Authority (EBA) launched today its final guidance for the use of cloud service providers by financial institutions. The EBA Recommendations clarify the EU-wide supervisory expectations if institutions intend to adopt cloud computing, so as to allow them to leverage the benefits of using cloud services, while ensuring that any related risks are adequately identified and managed.

Nasdaq Sees Continued Momentum In U.S. Listings With Record-Breaking Exchange Transfers And Improved IPO Environment - Record Number Of Transfers Valued At $379.8 Billion Market Cap Joining Nasdaq From NYSE In 2017 - Leading U.S. Exchange In Total Number Of IPOs For 16 Consecutive Quarters

Date 20/12/2017

Nasdaq (Nasdaq:NDAQ) announced today that it welcomed a total of 262 new listings so far in 2017 – including 133 initial public offerings (IPOs) and 33 transfers. The record-breaking year of exchange transfers is a validation of our long-term commitment to listed companies across all sectors at any stage of their growth journeys. Nasdaq has extended its IPO leadership to 16 consecutive quarters in the U.S. with a 62 percent win rate. Notable IPOs in 2017 included Roku, Redfin, CarGurus, National Vision, Denali and Hamilton Lane.    

EBA Updates Its Quantitative Analysis On MREL

Date 20/12/2017

The EBA published today an updated quantitative analysis on the minimum requirement for own funds and eligible liabilities (MREL). Based on the same methodology and assumptions developed in the context of the  MREL report published in December 2016, the EBA updated its estimates of capacity and funding needs of a representative sample of European banks to meet MREL under alternative scenarios. In this exercise, the EBA highlighted a modest improvement in the stack of MREL eligible instruments in 2016.

Report From FINRA Board Of Governors Meeting – December 2017 - Board Approves 2018 Budget, Rule Proposals, Enhanced Committee Structure And Improved Registration System

Date 20/12/2017

FINRA’s Board of Governors held its final meeting of 2017 on Dec. 13-14 in New York, where it approved FINRA’s 2018 budget and updated Financial Guiding Principles – both of which FINRA will publish for the first time in early 2018. It also approved advancing several rule proposals and improving the technology supporting FINRA’s registration system.

EBA Publishes Full Impact Assessment Of Basel Reforms On EU Banks

Date 20/12/2017

Following up on the cumulative assessment published on 7 December 2017, the European Banking Authority (EBA) published today its full assessment quantifying the impact of the reform package recently agreed by the Basel Committee on Banking Supervision (BCBS) on the European banking system. 

Amman Stock Exchange Official Holiday - Christmas And New Year

Date 20/12/2017

According to the Prime Minister announcement on the occasion of Christmas Holiday and New Year, Amman Stock Exchange (ASE) will have a holiday on Monday 25/12/ 2017 and Monday 1/1/2018.

Advocating For A Stronger U.S. Options Market, By John Davidson, OCC President & Chief Operating Officer, OCC December 20, 2017

Date 20/12/2017

As we move closer to 2018, one thing is abundantly clear: the exchange-listed options industry will continue to be impacted by various regulations and risks in the year ahead. I recently participated on a panel at SIFMA's annual Listed Options Symposium and had an opportunity to discuss some of the key issues that will be critical for the industry and regulators to address over the next twelve months.

Defendants Sentenced In UK Financial Conduct Authority prosecution of 1.4 million investment scheme

Date 20/12/2017

Samrat Bhandari, Dr Muhammad Aleem Mirza, Michael Moore and Paul Moore, each of whom played a role in the operation of an investment scheme which led to investors losing just over 1.4 million, today appeared at Southwark Crown Court to be sentenced.

AFME Welcomes Commission Proposal For New Prudential Regime For Investment Firms

Date 20/12/2017

Commenting on the European Commission proposal for a new prudential regime for investment firms, Michael Lever, Head of Prudential Regulation at AFME, said:

“We welcome the Commission’s proposal for a new prudential regime for investment firms. While we look forward to reviewing the proposals in detail, prudential rules that are specifically tailored to the business models and risks assumed by investment firms should further the development of the Capital Markets Union. Of particular relevance for AFME’s membership is the proposed requirement that investment firms which are major broker/dealers and play key intermediation roles in the EU’s capital markets will remain subject to the prudential rules of the CRD/R. The introduction of direct ECB oversight of such firms for their Euro area activities is also welcome as it will foster a supervisory level playing field.”