News Centre

Statement By Federal Reserve Board Chair Yellen On The Nomination Of Governor Powell By President Trump

Date 02/11/2017

I congratulate my colleague Jay Powell on his nomination to be Chairman of the Federal Reserve Board. Jay's long and distinguished career has been marked by dedicated public service and seriousness of purpose. I am confident in his deep commitment to carrying out the vital public mission of the Federal Reserve. I am committed to working with him to ensure a smooth transition.

Statement By Federal Reserve Board Governor Powell On His Nomination By President Trump

Date 02/11/2017

Thank you, Mr. President, for the faith you have shown in me through this nomination. I am both honored and humbled by this opportunity to serve our great country. If I am confirmed by the Senate, I will do everything within my power to achieve the goals assigned to the Federal Reserve by the Congress: stable prices and maximum employment.

Canadian Regulators Sign An Agreement With The Abu Dhabi Global Market Financial Services Regulatory Authority

Date 02/11/2017

The securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan (participating jurisdictions) today announced a co-operation agreement with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The agreement will allow the participating jurisdictions and the FSRA to refer to one another innovative businesses seeking to enter the others’ markets.

OTC Markets Group Provides Monthly Lists Of Compliance Downgrades And Caveat Emptor Designations

Date 02/11/2017

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced that it will begin  disseminating, on a recurring monthly basis, a list of downgrades from its respective OTCQX® and OTCQB® markets as well as a separate list of Caveat Emptor Designations that have occurred in the previous calendar month.  The proactive initiative of making critical securities data more widely available demonstrates OTC Markets Group's commitment to transparency and a data-driven approach to improve the efficiency and accessibility of online information for investors.

Office Of Financial Research Update: “How Safe Are Central Counterparties In Derivatives Markets?”

Date 02/11/2017

The OFR issued a working paper, titled, “How Safe are Central Counterparties in Derivatives Markets?” This paper uses credit default swap data to estimate the direct and indirect impacts of a default by CCP counterparties in derivatives trades. It finds that a CCP could be more vulnerable to failure than conventional stress tests have shown.

Thomson Reuters Launches Latest Greenhouse Gas Emissions Report - Highlights Relationship Between Decarbonization Strategies And Long-Term Financial Performance

Date 02/11/2017

Thomson Reuters today released its report, Global 250 Greenhouse Gas Emitters:  A New Business Logic, in tandem with the United Nation’s flagship emissions gap report. Both reports were released in advance of the upcoming Climate Change Conference (COP 23). The report was written in collaboration with CDP, an international not-for-profit organization holding the world’s largest collection of self-disclosed corporate environmental data, Constellation Research and Technology, a team of sustainability experts from Yale University, and BSD consulting, a global sustainability consultancy. Key contributions were also made from Baker McKenzie, KPMG, State Street GlobalExchange, the United Nations Gigaton Coalition, and the Norwegian Climate and Environment Ministry, and the European Space Agency. 

Office Of Financial Research Update: “The Global Financial Cycle”

Date 02/11/2017

The OFR posted remarks by Director Richard Berner at the International Monetary Fund 18th Jacques Polak Annual Research Conference on “The Global Financial Cycle.”

Robo Advice: An FCA Perspective - Speech By Bob Ferguson, Head Of Department, Strategy & Competition Division, FCA

Date 02/11/2017

Highlights

• We see automated advice as a valuable vehicle to help tackle the issues faced by those consumers who are unserved or underserved by more traditional advice models, as well as promoting competition in the UK financial advice market.
• Our Advice Unit continues to be active in providing regulatory feedback and external tools to firms developing an automated advice (or guidance) model. Use it!
• Automated advice brings its own risks, of course, but well-designed models have great potential for compliance risk reduction.
• We will supervise with a focus on outcomes – the suitability of recommendations for the consumer, acting where we see harm – a guiding principle set out in our Mission document.

20 Years FTSE / ATHEX Index Series

Date 02/11/2017

Crowned with success was the event organised by the Athens Stock Exchange on Wednesday, 1 November 2017, entitled: "The role of indexes as a means for enhancing company profiles and supporting investment decisions". Mark Makepeace, London Stock Exchange Group Director of Information Services and Chief Executive of FTSE Russell, was keynote speaker.

The Trading Volume On The Spanish Stock Market Reached €64.6 Billion In October, Up 47% Year-On-Year

Date 02/11/2017

• Trading volume grows 53% from September
• In the first ten months of the year trading volume totalled €557.6 billion
• The number of equity trades in October grew 47% from the previous month
• The trading volume in Financial Derivatives in October was up 1.2% year-on-year
• New admissions on MARF in October were up 27.8% on the year at €460 million