News Centre

IMF Managing Director Christine Lagarde To Propose Approval In Principle Of New Stand-By Arrangement For Greece

Date 15/06/2017

• Approval in Principle (AIP) would allow the IMF to be supportive of the progress made on policies, while release of resources under the IMF arrangement would be conditional upon Greece’s European creditors providing commitments for debt relief sufficient to secure debt sustainability.
• AIP supports the IMF’s long-held principle that any new program with Greece should be predicated on the “two legs” of policy reforms combined with debt relief.
• The IMF’s Executive Board will need to determine the specific modalities of AIP.

Ontario Securities Commission Publishes Report On Exempt Market Activity

Date 15/06/2017

The Ontario Securities Commission (OSC) today published OSC Staff Notice 45-715 2017 Ontario Exempt Market Report, which provides a snapshot of the current state of Ontario’s exempt market and a preliminary assessment of recent regulatory reforms.

The Updated Coefficients For Moscow Exchange Indices To Come Into Force

Date 15/06/2017

The following coefficients for Moscow Exchange indices come into force from June 16, 2017:

ISDA Financial Benchmarks Symposium, Scott O'Malia, Chief Executive, ISDA, June 15, 2017 - Opening Remarks

Date 15/06/2017

Good morning, and welcome to ISDA’s benchmark symposium.

This event comes at an opportune time. Next week, the Alternative Reference Rates Committee, or ARRC – a US public-private sector working group led by the Federal Reserve Bank of New York – will announce its choice for a risk-free rate that could be used as an alternative to US dollar LIBOR for certain transactions in future. With similar groups in the UK and Japan already settling on their choice of risk-free rate, attention will start to focus more and more on market transitions to these alternative rates.

US Department Of Justice: Former Swiss Banker Pleads Guilty To Money Laundering Charge In Connection With Soccer Bribery Scheme

Date 15/06/2017

Earlier today, a private banker formerly employed by several Swiss banks pleaded guilty in Brooklyn, New York, to a criminal information charging him with participating in a money laundering conspiracy in connection with the distribution and receipt of millions of dollars of bribes paid to high-ranking soccer officials.

ISDA Americas Credit Derivatives Determinations Committee:GenOn Energy, Inc. Bankruptcy Credit Event

Date 15/06/2017

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Americas Credit Derivatives Determinations Committee resolved that a bankruptcy credit event occurred in respect of GenOn Energy, Inc.

CME Group Announces Record Volume And Open Interest On June 14

Date 15/06/2017

CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached an all-time open interest record of 129 million contracts on June 14, 2017, surpassing the previous open interest record of 125.7 million contracts reached on May 11, 2017. June 14 also represented the highest-volume trading day in 2017 to date at 29.8 million contracts.

Our Investigations – The Evolving Approach - Speech By Jamie Symington, Director Of Investigations At The FCA, At The Legal Week Banking Litigation And Regulation Forum

Date 15/06/2017

Highlights

• Our approach to investigations is evolving in step with our Mission and general response to the challenges of the future.
• We do not use investigations only as a precursor to contemplated enforcement action when something has gone wrong. But rather, investigation is a tool for finding out what has happened.
• Our response to an event which has been investigated will be decided only when we have sufficient information to do so.
• We are developing a greater range of responses following investigation.
• We see culture change as the key aim of our work on individual accountability which is why the Senior Managers Regime for deposit takers and the forthcoming Senior Managers & Certification Regime for all other firms are key work streams in our Business Plan.

Reuters Named The Number 1 International Brand For Monthly Digital Reach Across Europe - The Findings From The Ipsos Affluent Survey Europe 2017 Puts Reuters Ahead Of All 44 International Media Brands Measured

Date 15/06/2017

Reuters, the world’s largest international multimedia news provider, has today been named the number one international brand for total monthly digital reach. The findings of the Ipsos Affluent Europe 2017 survey put Reuters ahead of all 44 international media brands measured for monthly reach across all digital platforms.

The Saudi Stock Exchange (Tadawul) Announces The Reclassification Of Three Listed Companies Based On (GICS)

Date 15/06/2017

The Saudi Stock Exchange (Tadawul) announces the reclassification of three listed companies in the main Equity market by the Classification Owner, based on the Global Industry Classification Standard (GICS). The companies’ new classification shall be effective starting from Sunday 09/07/2017.