Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

News Centre

  • EBA Issues Opinion On Measures To Address Macroprudential Risk

    Date 23/02/2018

    The European Banking Authority (EBA) published today an Opinion following the notification by the National Bank of Belgium (NBB) of its intention to modify capital requirements in order to address an increase in macroprudential risk. Based on the evidence submitted by the NBB, the EBA does not object to the adoption of the proposed measure, which is based on Article 458 (2) of the Capital Requirements Regulation (CRR). This new measure aims at enhancing the resilience of Belgian banks to potential severe downward corrections in residential real estate markets.

  • Office Of The Comptroller Of The Currency Bulletin: Annual Stress Test: Final Rule - Technical And Conforming Changes

    Date 23/02/2018

    Summary

    The Office of the Comptroller of the Currency (OCC) published a final rule in the Federal Register today to implement several technical and conforming changes to the OCC’s Annual Stress Test regulation (12 CFR 46). The final rule changes the range of possible “as-of” dates used in the global market shock component to conform to changes recently made by the Board of Governors of the Federal Reserve System to its stress testing regulations. The final rule also changes the transition period for an institution that becomes an over $50 billion covered institution. Finally, the final rule makes certain technical changes to clarify the requirements of the OCC’s stress testing regulation.

     

  • Decisions Taken By The Governing Council Of The ECB (In Addition To Decisions Setting Interest Rates)

    Date 23/02/2018

    Market operations

    Update of the list of euro foreign exchange reference rates

    On 26 January 2018 the Governing Council decided to again include the Icelandic króna in the list of currencies for which the ECB publishes daily euro foreign exchange reference rates. The reporting of this currency was suspended in December 2008 in the absence of a reliable market-determined exchange rate following the introduction of capital controls by the Icelandic authorities. The lifting of those controls in March 2017 and the return of a reliable market-determined exchange rate has justified the reinclusion, which is effective from 1 February 2018. The foreign exchange reference rates, which are based on a regular concertation procedure between central banks across Europe generally held at 14:15 CET each working day, are usually updated daily, at around 16:00 CET.

  • Remarks At SEC Speaks: Increasing Product Complexity: What’s At Stake? - SEC Commissioner Kara M. Stein, Washington D.C., Feb. 23, 2018

    Date 23/02/2018

    Good morning. Thank you, Bill [Hinman] for that kind introduction.

    As always, it is a pleasure to be with you today at SEC Speaks.

    Before I continue, I will remind you that the views I express here today are my own and may not necessarily reflect those of my fellow Commissioners, or of the staff of the Commission.

    It’s my understanding that this is the 47th year of SEC Speaks. Much has changed in our capital markets since 1972. Computers now allow investors to access a myriad of investment options from common equity to complex financial instruments within minutes. Both large and small investors have more investment options at their fingertips—and I mean that literally—than ever before. Computers also allow financial products to be developed and sold more quickly than ever before. This high rate of financial innovation and engineering can be beneficial, but it also can present challenges. I still remember the ashen faces of the Secretary of the Treasury and the Chair of the Federal Reserve when they came to the Senate Banking Committee seeking authorization for a massive federal government intervention during the financial crisis. Financial engineering of complex institutional investment products (such as credit default swaps and collateralized debt obligations) were at the heart of the financial crisis.

  • Office Of The Comptroller Of The Currency Finalizes Technical Changes To Annual Stress Test Rule

    Date 23/02/2018

    The Office of the Comptroller of the Currency (OCC) today finalized a rulemaking amending the OCC’s Annual Stress Test Rule. The final rule makes several technical revisions to the stress testing regulation and becomes effective 30 days after publication in the Federal Register.