News Centre

Securities And Exchange Board Of India Visit To Tehran Stock Exchange

Date 14/11/2016

On Monday 14 November 2016, the Chairman of the Securities and Exchange Board of India paid a visit to the Tehran Stock Exchange.

Effectiveness And Proportionality: Our Financial Crime Priorities - Speech By Rob Gruppetta, Head Of The Financial Crime Department At The FCA, At The FCA Financial Crime Conference

Date 14/11/2016

Highlights

• It is crucial that we work together across industry, regulators and government to fight financial crime.
• We know that there are unintended consequences of the anti-financial crime regime and we want these to be minimised wherever possible.
• We take a risk-based approach to regulation and focus our efforts where we think the risk is greatest.

PwC Launches New Fintech Capability Called ‘Vulcan Digital Asset Services’

Date 14/11/2016

PwC has today launched a new fintech capability called Vulcan Digital Asset Services to enable digital assets to be used for everyday banking, commerce and other personal currency and asset related services.

Ibdar Launches Parallel Shari’ah Trade Finance Fund

Date 14/11/2016

Bahrain-based wholesale Islamic Investment bank, Ibdar Bank, has announced the launch of the Barak Ibdar Shari’ah Trade Finance Fund, a parallel fund of the highly successful Barak Trade Finance Fund.

Moscow Exchange: Final Settlement Of Brent Derivatives In December 2016, February And May 2017

Date 14/11/2016

Due to public holidays in Russia, the final settlement date of the January Brent oil futures contracts (BR-1.17) will be changed to 30 December 2016, instead of 2 January 2017. The date will be changed technically after 1 December 2016 when the December Brent oil futures contracts (BR-12.16) expire.

ESMA: Final Report On The Clearing Obligation For Financial Counterparties With A Limited Volume Of Activity

Date 14/11/2016

Executive Summary

Reasons for publication

Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC Derivatives, CCPs and Trade Repositories (EMIR) requires ESMA to develop draft regulatory technical standards (RTS) in relation to the clearing obligation, in particular on the dates from when the clearing obligation takes effect. Following from this mandate, there are now three Commission Delegated Regulations on the clearing obligation that are based on draft RTS submitted to the European Commission by ESMA.

Fighting Financial Crime – Looking Forward And Back - Speech By Andrew Bailey, Chief Executive At The FCA, Delivered At The FCA Financial Crime Conference

Date 14/11/2016

It is sobering to remember that we are approaching the tenth anniversary of the start of the global financial crisis. Why is that of relevance to financial crime? Well, the last ten years have seen a number of crises, and in my view recent years have been associated with a crisis in financial conduct. Sadly, this has taken several forms – involving retail and wholesale consumer and users of financial markets. One, but only one, element of what we should describe as a misconduct crisis has involved financial crime in its various forms.

ESMA Asks Commission To Delay Central Clearing For Small Financial Counterparties

Date 14/11/2016

The European Securities and Markets Authority (ESMA) has published today its final report regarding the amended application of the clearing obligation that financial counterparties with a limited volume of activity in OTC derivatives need to comply with under the European Market Infrastructure Regulation (EMIR).

Effectiveness Of The AML Regime In Disrupting Financial Crime - Opening Comments By Rob Gruppetta, Head Of The Financial Crime Department At The FCA, For A Panel Discussion At The FCA Financial Crime Conference

Date 14/11/2016

Some of you might have seen or read our Executive Director, Megan Butler’s speech at the BBA’s financial crime conference on effectiveness and a key theme of that, and also of today, is the importance of working together across the industry and public sector to achieve that closer dialogue and information sharing.

Opening Bell Ceremony At TASE, Homering The Global Entrepreneurship Week

Date 14/11/2016

Yesterday morning (13.11.16), the Global Entrepreneurship Network participated in the Opening Bell Ceremony, celebrating the opening of the "Global Entrepreneurship Week", held in 160 countries across the world.