News Centre

EBA Launches Consultation On Technical Standards Specifying The Methods Of Prudential Consolidation

Date 09/11/2017

The European Banking Authority (EBA) launched today a consultation on draft Regulatory Technical Standards (RTS) specifying the different methods of prudential consolidation, which can be applied when certain conditions and criteria are met. The aim of these draft RTS is to ensure that the appropriate method of prudential consolidation is applied for the calculation of the Capital Requirements Regulation (CRR) requirements on a consolidated basis. The consultation runs until 09 February 2018.

FINRA Hearing Panel Bars Broker For Defrauding Elderly, Blind Customer

Date 09/11/2017

The Financial Industry Regulatory Authority (FINRA) announced today that a FINRA extended hearing panel barred broker Hank Mark Werner of Northport, New York, for fraudulently churning and excessively trading the accounts of his customer –a blind, elderly widow –and for making unsuitable recommendations. The hearing panel also ordered Werner to pay more than $155,000 in restitution to the widow, fined him $80,000 and ordered disgorgement of more than $10,000 representing commissions received for recommending the purchase of an unsuitable variable annuity. The decision resolves charges brought by FINRA's Department of Enforcement in August 2016.

SIFMA Fixed-Income Market Close Recommendations In The U.S., The U.K. And Japan For Thanksgiving Day

Date 09/11/2017

SIFMA confirmed its previous recommendations for the U.S., the U.K., and Japan in observance of the U.S. Thanksgiving Day and the Japan Labor Thanksgiving Day Holidays.

Nasdaq Wins RiskTech100® Best Operational Risk & GRC Category - Awarded By Chartis Research, The Accolade Spotlights The Major Players In Risk Technology

Date 09/11/2017

Nasdaq, Inc. (Nasdaq:NDAQ), one of the world's leading Governance, Risk management and Compliance (GRC) solution providers, has won the Best Operational Risk & GRC provider at the RiskTech100® 2018 awards.

DIFC And Paris EUROPLACE Renew Collaboration

Date 09/11/2017

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region and Paris Europlace the professional body which promotes Paris as an international financial centre, have signed an updated Memorandum of Understanding (MoU) to foster collaboration between the two centres. The MoU was signed by the Chief Executive Officer of DIFC Authority, Arif Amiri and Arnaud de BRESSON, Chief Executive Officer, Paris EUROPLACE in the occasion of the official visit of the French President, Emmanuel Macron in Dubai.

SIFMA Statement On Completion Of Quantum Dawn IV Cybersecurity Exercise

Date 09/11/2017

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, upon completion of SIFMA’s November 7-8 industry-wide Quantum Dawn IV cybersecurity exercise. Over 900 participants from over 50 financial institutions, government agencies and regulators participated in this simulation of a large-scale cyberattack on the financial markets. A fact sheet with details on Quantum Dawn IV is available here.

LSEG: Elite Launches Across West Africa

Date 09/11/2017

• ELITE, CSE and BRVM sign collaboration agreement to launch business support & capital raising programme across West Africa
• Signing ceremony presided by Amadou Gon Coulibaly, Prime Minister of Cote d'Ivoire
• Demonstrates LSEG’s commitment to strengthening ties with West Africa’s capital market

FTSE Mondo Visione Exchanges Dips By 0.7% In October After Seven Months Of Gains – Cboe Global Markets Up 5% In Month, Nasdaq Down By 6.3%

Date 09/11/2017

The FTSE Mondo Visione Exchanges Index fell by 0.7 percent in October 2017. The stand-out performer by capital returns in US dollars in October was Cboe Global Markets which experienced a rise of 5 percent. Dubai Financial Market rose by 4.5 percent.

First ETF In The U.S. Launched By Virtus And Glovista Tracking The Solactive Most Favored Nations Emerging Markets Index

Date 09/11/2017

Solactive is pleased to announce the launch of the Solactive Most Favored Nations Emerging Markets Index, underlying the newly launched Virtus Glovista Emerging Market ETF (EMEM US Equity). EMEM US will begin trading today on the NYSE. EMEM will be the first Emerging Markets ETF in the U.S. providing diversified exposure to a set of most favored Emerging Markets countries according to Glovista’s proprietary global macro country selection methodology.

MiFID II: ESMA Consults On Systematic Internalisers’ Quote Rules

Date 09/11/2017

The European Securities and Markets Authority (ESMA) has today opened a public consultation on a proposed amendment to the Regulatory Technical Standard (RTS 1) which details the implementation of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). ESMA proposes to amend RTS 1 to clarify that systematic internalisers’ (SI) quotes should reflect the price increments applicable to EU trading venues.