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EBA Updates On Monitoring Of CET1 Instruments
Date 23/05/2017
The European Banking Authority (EBA) published today its fifth updated list of capital instruments that Competent Supervisory Authorities (CAs) across the European Union (EU) have classified as Common Equity Tier 1 (CET1). The list is for the first time accompanied by a Report, which includes additional information on the underlying objectives of the monitoring update as well as on the consequences of including or excluding instruments in or from the list. The EBA intends to update this report on a regular basis to give account of new developments in CET1 issuances and market practices.
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Release Of Axioma’s New Australia Equity Factor Risk Model
Date 23/05/2017
Axioma, a global provider of innovative risk and portfolio management solutions, today launches the latest version of its Australia Equity Factor Risk Model suite (“AXAU4”). New features include an improved style and industry factor structure, enhanced stability of factor exposures and a refined estimation universe, all combining to deliver improved risk forecasts and enabling a better articulation of risk.
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CFTC: Federal Court Orders More Than $1 Million In Restitution And Civil Monetary Penalties And Permanently Bans Andrew Kurzbard And His Florida-Based Company, Guardian Asset Group, LLC, For Engaging In Illegal, Off-Exchange Precious Metals Transactions
Date 23/05/2017
The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Kenneth A. Marra of the U.S. District Court for the Southern District of Florida entered a Consent Order against Guardian Asset Group, LLC (Guardian) of West Palm Beach, Florida, and its owner and principal, Andrew Kurzbard, with a last-known address in Hacksneck, Virginia, finding that Guardian and Kurzbard engaged in illegal, off-exchange transactions in precious metals with retail customers on a leveraged, margined, or financed basis.
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Real Estate Investment Trust (REIT) Conference - Welcome Address By Mr. Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange, May 23rd, 2017
Date 23/05/2017
Good morning distinguished ladies and gentlemen:
On behalf of the Council and Management of The Nigerian Stock Exchange (NSE), it gives me great pleasure to welcome you to the inaugural Real Estate Investment Trust in Sub – Saharan African conference with the theme: REAL ESTATE INVESTMENT IN SUB – SAHARAN AFRICA – THE ROLE OF THE CAPITAL MARKET hosted by the Nigerian Stock Exchange. We believe that your active participation is an indication of your interest and strong commitment towards the development and growth of REITs in Nigeria and Sub – Saharan Africa in general.
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Statement From US Treasury Secretary Mnuchin On President Trump’s Budget Proposal
Date 23/05/2017
Secretary of the Treasury Steven T. Mnuchin issued the following statement today in response to President Donald J. Trump’s budget proposal:“President Trump’s budget focuses Treasury on our core missions of collecting revenue and managing the nation’s debt, while modernizing, streamlining and increasing efficiencies to reduce operating expenditures. It prioritizes investments in cybersecurity, and maintains critical funding to implement sanctions, combat terrorist financing, and protect financial institutions from threats. The President’s budget will achieve savings through reforms that prevent taxpayer bailouts and reverse burdensome regulations that have been harmful to small businesses and American workers. These initiatives, coupled with comprehensive tax reform and other key priorities, will move America one step closer to sustained economic growth of three percent or higher.”
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The Financial Stability Board Sets Out Next Steps On Work To Strengthen Governance Frameworks To Mitigate Misconduct Risks
Date 23/05/2017
The Financial Stability Board (FSB) today published a Stocktake of efforts to strengthen the governance frameworks to mitigate misconduct risks. The report describes the findings of a stocktake of efforts underway by international bodies, national authorities, industry associations and firms on the use of governance frameworks to address misconduct risk, and includes a literature review on the root causes of misconduct. Drawing on these findings, it sets out next steps for the FSB’s work in this area.
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Quayle Munro Advises MAKE On Its Sale To Verisk Analytics
Date 23/05/2017
Quayle Munro is pleased to announce that it has advised MAKE A/S (“MAKE”), on its sale to Verisk Analytics, Inc. (Nasdaq: VRSK; “Verisk Analytics”). MAKE will become part of Wood Mackenzie, a Verisk Analytics business focused on providing research and advisory services to the natural resources sector. The combined organization will enhance the offering to existing clients and form the leading market analysis and advisory firm on renewables and the transformation of the global electricity industry.
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Moscow Exchange Is To Introduce New Program To Stimulate Liquidity On USD/RUB Currency Pair
Date 23/05/2017
From 1 June 2017, a new market making program will be launched on the Moscow Exchange's Spot FX Market to support the USD/RUB instrument with next day settlement.
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FSB Sets Out Next Steps On Work To Strengthen Governance Frameworks To Mitigate Misconduct Risks
Date 23/05/2017
The Financial Stability Board (FSB) today published a Stocktake of efforts to strengthen the governance frameworks to mitigate misconduct risks. The report describes the findings of a stocktake of efforts underway by international bodies, national authorities, industry associations and firms on the use of governance frameworks to address misconduct risk, and includes a literature review on the root causes of misconduct. Drawing on these findings, it sets out next steps for the FSB’s work in this area.
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Sustainable Finance Initiative Launched To Good Reception - Sustainable Finance Initiative Launched To Good Reception - “Frankfurt Declaration” Adopted As A Joint Commitment - Deutsche Börse Hosts Launch Conference In Frankfurt Financial Centre
Date 23/05/2017
Deutsche Börse AG launches its “Accelerating Sustainable Finance” initiative on Tuesday, together with other key players from Frankfurt’s financial centre. The launch conference will feature discussions on all issues around the financial system's future viability and new ideas for sustainable business models. In signing the “Frankfurt Declaration”, participants are making a joint declaration of intent to build sustainable financial sector infrastructures.
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