News Centre

US Federal Banking Agencies Propose Extension Of Certain Capital Rule Transitions

Date 22/08/2017

In preparation for a forthcoming proposal that would simplify regulatory capital requirements, federal banking regulators on Tuesday proposed a rule that would extend the existing transitional capital treatment for certain regulatory capital deductions and risk weights. The extension would apply to banking organizations that are not subject to the agencies' advanced approaches capital rules.

SEC Charges Investment Adviser With Defrauding Professional Athlete And His Wife

Date 22/08/2017

The Securities and Exchange Commission today charged investment adviser Jeremy Drake with defrauding two clients, a high profile professional athlete and the athlete’s wife, by deceiving them about the investment advisory fees they were paying.  The SEC alleges that Drake went to elaborate lengths to conceal his fraud, including creating and sending false documents and masquerading as another person to corroborate his lies. 

Eight Straight Days Of Eris Open Interest Records

Date 22/08/2017

The Rulemaking Process: Two Accounting And Auditing Mini-Case Studies - Stephen Deane, CFA, Investor Engagement Advisor, SEC Office Of The Investor Advocate - Fall Conference Of The Tulsa Chapter Of The Institute Of Management Accountants, Tulsa, Oklahoma, Aug. 22, 2017

Date 22/08/2017

Introduction

Thank you, Michael Turner, for that kind introduction. I’d also like to thank Karen Walker and the Tulsa Chapter of the IMA for the invitation. It’s a pleasure to be here.

I need to begin with the standard SEC disclaimer: my talk does not necessarily reflect the views of the Commission, the Commissioners or the SEC staff.

Let me start by describing the SEC office where I work, the Office of the Investor Advocate. Then I will talk about two mini-case studies: FASB’s proposals to remove its definition of materiality, and the PCAOB’s final rule that, if approved by the SEC, would significantly enhance the audit reporting model.

London Stock Exchange Group Plc Transaction In Own Shares

Date 22/08/2017

London Stock Exchange Group plc (the "Company") announces that it has purchased through RBC Europe Limited, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 26 April 2017, the following number of its ordinary shares of 6 79/86 pence each ("Shares") on the London Stock Exchange as part of the buyback programme announced on 29 March 2017:

Eid Aladha Holiday For The Saudi Stock Exchange (Tadawul)

Date 22/08/2017

The Saudi Stock Exchange (Tadawul) is pleased to announce that Eid Al Adha holiday will commence at the end of trading day, effective Tuesday 07/12/1438 corresponding to 29/08/2017. Trading will resume after the holiday on Tuesday 14/12/1438 corresponding to 05/09/2017.

ETFGI Reports Assets Invested In ETFs/ETPs Listed In Canada Reached A New Record Of US$104 Bn At The End Of July 2017

Date 22/08/2017

ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs/ETPs listed in Canada reached a new record of US$104 Bn at the end of July 2017, surpassing the prior record of US$101 Bn set at the end of June 2017, according to data from ETFGI’s July 2017 global ETF and ETP industry insights report.

NSD Begins Servicing Repos With OBR Basket

Date 22/08/2017

National Settlement Depository (NSD), Russia’s central securities depository, has initiated servicing of Bank of Russia repo trades as a component of the basket of Bank of Russia bonds (OBR).

World Economic Forum: Big Tech, Not Fintech, Causing Greatest Disruption To Banking And Insurance Markets

Date 22/08/2017

• Fintech start-ups have fallen short of their ambitions to upend the competitive landscape in finance, driving innovation but failing to capture large market share, a new World Economic Forum report finds
• The competitive landscape in banking and insurance is being shaped increasingly by large technology firms supplying critical technology to the sector, opening the door to direct competition at a later stage
• Meanwhile, regulatory approaches to financial innovation are diverging in the US, Europe and Asia, potentially jeopardizing the likelihood of a concerted global response in a future financial crisis
• Download the full report here and watch the video here

CloudMargin Connects To The DTCC-Euroclear Global Collateral Margin Transit Utility - Enables Users To Take Advantage Of Straight-Through-Processing From Call Calculation To Settlement Of Collateral In Order To Streamline And Optimize Collateral Management Procedures

Date 22/08/2017

CloudMargin, the multi-award winning creator of the world's first web-based collateral and margin management solution, and DTCC-Euroclear Global Collateral Ltd. (GlobalCollateral), a joint venture of Euroclear and The Depository Trust & Clearing Corporation (DTCC), today announced that they have entered into an agreement to connect CloudMargin with GlobalCollateral's Margin Transit Utility (MTU). The agreement expands CloudMargin's settlement capability and enables users to access MTU from the cloud, fully automating the entire collateral lifecycle.