News Centre

Major Financial Industry Players Rally Around FDC3 To Provide Universal Technology Standards - OpenFin Brings Together Leading Capital Markets Participants To Power Industry Application Interoperability And Desktop Connectivity

Date 08/03/2018

A newly formed group of major finance industry players announced today that they have joined an OpenFin-led initiative to bring universal connectivity and standards to all of the financial industry's desktop applications. The group, known as the Financial Desktop Connectivity and Collaboration Consortium or FDC3, is committed to addressing the increasingly fractured software landscape of capital markets.  FDC3 standards will enable faster decision-making, improve productivity and streamline workflow. OpenFin, the first operating system created specifically for finance, and the industry's only technology designed to be unifying and application-agnostic, has contributed the open-source code that serves as the cornerstone for this new initiative.

CISI Leads With Global “Competitive Edge” Campaign To Keep Members At The Top Of Their Game

Date 08/03/2018

The Chartered Institute for Securities & Investment (CISI) has launched its first ever global brand marketing campaign, with the aim of raising awareness of the CISI brand, membership and qualifications internationally.

Sustainable Finance: Beyond Ratings Announces The Creation Of The First Financial Rating Agency In Line With The Paris Agreement

Date 08/03/2018

Beyond Ratings, an independent financial services provider specialised in macro-financial assessment of sovereign and country risk, announces the creation of the first financial rating agency to systematically integrate ESG factors (Environmental, Social and Governance) into its analysis. As such, the rating methodology developed takes into account physical and transition climate risks. It is therefore in line with the Paris Agreement and responds to the recommendations of the HLEG report recently submitted to the European Commission.

United Kingdom Parliament - House Of Lords Liaison Committee: Eleventh Informal Brexit Liaison Group Meeting Held

Date 08/03/2018

The eleventh meeting of the Informal Brexit Liaison Group, set up by the House of Lords Liaison Committee in November 2016, was held on Monday 26 February 2018.

February 2018 FIA SEF Tracker

Date 08/03/2018

Total trading volume on SEFs averaged $769.7 billion in notional value per day during February 2018, which was up 33.4% from February 2017 and nearly matched the record amount of trading in the first month of the year. Trading of FX products reached a new record of $59.2 billion per day in February, the second month in a row that this category set a record. In the credit sector, trading activity rose to $59.4 billion in average daily notional value, its highest level since October 2014. Interest rate trading reached $651.1 billion per day in February, down 10.1% from the prior month but up 27% from a year ago.

UBS MTF Market Notice Double Volume Cap Update

Date 08/03/2018

Following the publication by ESMA of the first double volume cap calculations under the Markets in Financial Instruments Regulation (MiFID), UBS MTF will implement a six-month suspension of the Reference Price Waiver ('RPW') for a number of instruments effective from start of trading, Monday March 12.

Merrill Lynch Charged With Gatekeeping Failures In The Unregistered Sales Of Securities

Date 08/03/2018

The Securities and Exchange Commission today announced settled charges against Merrill Lynch, Pierce, Fenner & Smith Inc. for its failure to perform required gatekeeping functions in the unregistered sales of securities on behalf of a China-based issuer and its affiliates.

Federal Reserve Board Announces Termination Of Enforcement Action With Royal Bank Of Scotland Group

Date 08/03/2018

The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below:

The Royal Bank of Scotland Group plc, Edinburgh, Scotland, The Royal Bank of Scotland plc, Edinburgh, Scotland, The Royal Bank of Scotland N.V., Amsterdam, The Netherlands, The Royal Bank of Scotland plc, New York Branch, New York, New York, The Royal Bank of Scotland plc, Connecticut Branch, Stamford, Connecticut, Royal Bank of Scotland NV, New York Branch, New York, New York, and Royal Bank of Scotland NV, Chicago Branch, Chicago, Illinois

Opening Remarks At The 2018 International Women’s Day Symposium On Wednesday, March 8, 2018 At The Stock Exchange House, Marina – Lagos - Delivered By Oscar N. Onyema, OON, CEO Nigerian Stock Exchange

Date 08/03/2018

It is with great honour that I welcome you all to The Nigerian Stock Exchange (NSE) for this year’s International Women’s day symposium themed “Press For Progress”. This is the 4th edition that NSE will be hosting. Allow me a brief moment to acknowledge the following organisations that have joined forces with us to host today’s symposium and they are – Sustainable Stock Exchanges Initiative, United Nations Women, United Nations Global Compact, International Finance Corporation, the World Federation of Exchanges, WIMBIZ, and Women in ETFs.

EBA: Consultation On Guidelines On Management Of Non-Performing And Forborne Exposures

Date 08/03/2018

The European Banking Authority (EBA) launched today a consultation on its Guidelines for credit institutions on how to effectively manage non-performing exposures (NPEs) and forborne exposures (FBEs). The Guidelines target high NPE banks with the aim of achieving a sustainable reduction of NPEs to strengthen the resilience of their balance sheets and support lending into the real economy. The Guidelines are designed to ensure that consumers, who have taken out loans, are treated fairly at every stage of the loan life cycle. The consultation runs until 8 June 2018.