News Centre

Payments After PSD2: Evolution Or Revolution - Speech Delivered By Karina McTeague, Director Of Retail Banking Supervision At The FCA, At The Pay360 Conference

Date 10/04/2018

Highlights

• From a consumer protection and market integrity perspective, we have a real interest in the Open Banking Implementation Entity’s successful delivery of the CMA’s Open Banking API requirements and wider adoption of APIs by the industry.
• Customer communications should be balanced, and not seek to dissuade customers from using third party AIS or PIS providers through their communications or terms and conditions.
• We welcome the development of industry arrangements designed to facilitate the successful delivery of PSD2 objectives (including voluntary guidelines and dispute management system).
• We will be looking to see that firms’ culture prioritises treating customers fairly, and doesn’t take inappropriate advantage of ill-informed, naïve or vulnerable consumers.

Oslo Børs VPS - Annual Report 2017

Date 10/04/2018

The Annual Report 2017 for Oslo Børs VPS Holding ASA is now available from the Oslo Børs VPS web site.

SIX Swiss Exchange - March 2018: High Level Of Activity

Date 10/04/2018

Remarks Of CFTC Chairman J. Christopher Giancarlo For The Jacobson Global Lecture At Concordia College, Bronxville, New York - “Financial Market Regulation: A Moral Framework”[1]

Date 10/04/2018

Thank you and good evening.  It is an honor to come here, to Concordia.  This is a great school with sound scholarship, a spiritual tradition, and passionate, outstanding students.  Your emphasis on individual responsibility, the liberal arts, science and public service makes Concordia an exciting, inspirational seat of learning.

The EBA Observes A Decrease In High Earners In 2016 And Differences In Remuneration Practices Across The EU

Date 10/04/2018

The European Banking Authority (EBA) published today its report on benchmarking of remuneration practices in EU banks for the financial years 2015 and 2016 and high earners data for 2016. The data shows that in 2016, the number of high earners in EU banks receiving a remuneration of more than EUR 1 million decreased by 10.6% (from 5 142 in 2015 to 4 597 in 2016). In addition, for high earners, the average ratio between the variable and fixed remuneration continued to decrease from 127% in 2014 to 118% in 2015 and 104% in 2016. The same holds true for the ratio between the variable and fixed remuneration of all other identified staff, which decreased from 65.5 % in 2014 to 62.2 % in 2015 and 57.1 % in 2016. The report is part of the EBA's monitoring activities and focuses on the identification of staff, the application of deferral arrangements, the pay out in instruments and the use of specific remuneration elements, e.g. guaranteed variable remuneration and severance payments. 

Remarks At The Equity Market Structure Symposium Sponsored By The University Of Chicago And The STA Foundation, SEC Chairman Jay Clayton, Chicago, April 10, 2018

Date 10/04/2018

Thank you for such a kind introduction.  And thank you as well to the University of Chicago and the STA Foundation for the invitation to speak today about equity market structure.

CME, DGCX, LME And Borsa Istanbul Discuss Role And Future Of Global Exchanges At DMCC’s Dubai Precious Metals Conference

Date 10/04/2018

At the DMCC hosted Dubai Precious Metals Conference, four of the world’s foremost Exchanges gathered for the first time in Dubai to discuss ‘The Role and Future of Global Exchanges’.

EBA Updates List Of Correlated Currencies

Date 10/04/2018

The European Banking Authority (EBA) updated today the list of closely correlated currencies that was originally published in December 2013 and updated in October 2016. The list is part of the implementing technical standards (ITS) that were drafted for the purposes of calculating the capital requirements for foreign-exchange risk according to the standardised rules. The list was updated according to the procedure and methodology laid down in the ITS and submitted to the European Commission for endorsement.

OCC Continues To Clear the Path for the Exchange-Listed Options Industry, By Scot Warren, OCC Chief Administrative Officer, April 10, 2018

Date 10/04/2018

One of OCC's goals as the foundation for secure markets is to safeguard the integrity of cleared markets through safe and sound practices in our role as a Systemically Important Financial Market Utility (SIFMU). To help us achieve that goal, in March, OCC implemented a new cash clearing fund requirement, a measure that requires our clearing firms to collectively deposit and maintain $3 billion in cash our clearing fund.

EFSF Raises €3 Billion In New 8-Year Bond

Date 10/04/2018

The European Financial Stability Facility on Tuesday raised €3 billion in a new 8-year bond, meeting more than half of its funding needs for the second quarter.