News Centre

FSB Publishes Resolution Planning Guidance For Global Banks And Reports On The Implementation Of Resolution Reforms

Date 06/07/2017

The Financial Stability Board (FSB) published today two guidance documents to assist authorities in implementing the FSB’s standard on Total Loss-Absorbing Capacity (‘the TLAC standard’) and facilitating the continued access to critical financial market infrastructure services in resolution. It also published its sixth report on the implementation of post-crisis resolution reforms.

Account Of The Monetary Policy Meeting Of The Governing Council Of The European Central Bank, Held In Tallinn On Wednesday And Thursday, 7-8 June 2017

Date 06/07/2017

1. Review of financial, economic and monetary developments and policy options

Financial market developments

Mr Cœuré reviewed the latest financial market developments.

Yield curves in the US and German bond markets had flattened quite materially, by around 40 basis points and 30 basis points respectively, since about mid-March. Interestingly, this period of flattening on both sides of the Atlantic had coincided with a general strengthening of global growth momentum.

In the United States, the market was seen as correcting what appeared to have been excessive market optimism in the wake of the US presidential election and a revision of the expected US economic policy impulses. Accordingly, markets might no longer be assessing the medium to long-run US macroeconomic outlook in the same light as a few months before.

European Commission: Speech By Michel Barnier At The European Economic And Social Committee

Date 06/07/2017

Mr President, dear Georges Dassis,

Dear Members of the European Economic and Social Committee,

Ladies and gentlemen,

I am very happy to be back here today and to address your plenary session.

Many of you, as entrepreneurs, trade unionists, leaders of NGOs, or leaders of the civil society, know that Brexit means uncertainty – for citizens first, for businesses, and for jobs.

ESMA Updates MAR Q&A

Date 06/07/2017

The European Securities and Markets Authority (ESMA) has updated today its Questions & Answers (Q&A) document regarding the implementation of the Market Abuse Regulation (MAR).

LME And The World Gold Council Confirm LMEprecious Launch On 10 July

Date 06/07/2017

The London Metal Exchange (LME) and the World Gold Council have today confirmed that LMEprecious will launch on 10 July 2017, as planned. All preparations are now complete with regulatory go-ahead also received. 

ESMA Updates Market Size Calculations For MiFID II Ancillary Test

Date 06/07/2017

The European Securities and Markets Authority (ESMA) has updated today its opinion on MiFID II’s ancillary test for commodity derivatives. The update corrects a typing error in the tables containing the estimations for the ancillary activity market size calculations.

BCBS And IOSCO Propose Criteria For Identifying Simple, Transparent And Comparable Short-Term Securitisations

Date 06/07/2017

The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) today released the consultative document Criteria for identifying simple, transparent and comparable short-term securitisations(the short-term STC criteria), which is available on the BCBS and IOSCO websites.

ESMA Appoints New Member To Its Management Board

Date 06/07/2017

The European Securities and Markets Authority (ESMA) has appointed a new member to its Management Board to replace an outgoing member whose mandate has ended.

SIX Swiss Exchange: Shares Of Zur Rose Group AG (ROSE) Open At CHF 151.00

Date 06/07/2017

Today, the shares of Zur Rose Group AG (“Zur Rose”) were traded for the first time under the “International Reporting Standard” of SIX Swiss Exchange, opening at CHF 151.00. This corresponds to a total market capitalization of around CHF 904 million.

Milliman: To Optimise Financial Decision-Making, Human-And-Machine Iterative Process Proves Most Successful

Date 06/07/2017

Milliman, Inc., the premier global consulting and actuarial firm, today announced that an innovative new study examining multi-criteria decision-making using an iterative process of advanced computing and human input has shown superior results in risk management when compared to machine algorithms or humans alone. Using an illustrative example from the life insurance industry, the study looked at how optimisation techniques can be used to develop insights into drivers of economic capital within an internal model framework, and how to then use these insights for risk management decisions. The findings illustrate that advanced computing, visualisation, and complex systems-mining techniques that include expert input can deliver superior optimisation results when faced with multiple objectives and multiple constraints which machine algorithms alone find challenging to resolve.