News Centre

Europex Response To European Commission Consultation On VAT Fraud

Date 31/05/2017

VAT fraud – A persisting threat to gas, electricity and emissions trading. Need for a prolongation of existing derogation and an extension to all Member States.

BME: The Companies Listed On MAB Market Show Higher Levels Of Revenue, EBITDA And Employment - Overview Of Activity On MAB In 2016

Date 31/05/2017

• The revenue posted by  these companies grew 44% last year, their EBITDA did so by 85.3% and their staff increased by 11%
• In 2016, the MAB's Growth Companies raised 220 million euros in market financing

ESAs Consult On Technical Standards To Strengthen Group-Wide Money Laundering And Terrorist Financing Risk Management

Date 31/05/2017

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) launched today a public consultation on draft Regulatory Technical Standards (RTS) specifying how credit and financial institutions should manage money laundering and terrorist financing (ML/TF) risks where a third country's law prevents the implementation in their branches or majority-owned subsidiaries of group-wide policies and procedures on anti-money laundering and countering the financing of terrorism (AML/CFT).‎ These RTS are part of the ESAs' wider work on fostering a common approach to AML/CFT and will contribute to creating a level playing field across the Union's financial sector. The consultation runs until 11 July 2017.

Correction: May MNI Chicago Business Barometer At 59.4 Vs 58.3 In April - Highest Level Since November 2014

Date 31/05/2017

The MNI Chicago Business Barometer decreased to 55.2in May from 58.3 in April, the lowest level since January.

EBA Publishes Opinion On EU Commission Consultation On The Operation Of The ESAs

Date 31/05/2017

The European Banking Authority (EBA) published today an Opinion in response to the European Commission's public consultation on the operation of the European Supervisory Authorities (ESAs). The Opinion welcomes the public consultation which acknowledges the results the EBA has obtained since its establishment in 2011. It also points to a possible way forward to confirm its role as guardian of the Single Rulebook and to increase its effectiveness in ensuring  supervisory convergence across the EU. Finally, it suggests how the EBA's role with regards to supervisory reporting could be strengthened and improved.

Second Dubai Mercantile Exchange Basrah Light Crude Oil Auction Awarded At Official Selling Price +37 Cents

Date 31/05/2017

The Dubai Mercantile Exchange hosted the second Basrah Light crude oil auction on Wednesday. Almost 50 bids were received from 15 participating companies and the 2 million barrel cargo was awarded at a premium of 37 cents to the July Basrah Light Official Selling Price (OSP), which will be published by Iraq state-oil company SOMO in the second week of June.

SIX Group CEO Urs Rüegsegger Announces Handover Of Operational Responsibility

Date 31/05/2017

After nine years as Group CEO of SIX, Urs Rüegsegger has informed the Board of Directors that he would like to pass on operational responsibility for the company at the end of the business year 2017. The intention is that making this announcement at an early stage will allow sufficient time to fill the position and hand over responsibilities. Since the merger in 2008 Urs Rüegsegger has successfully brought SIX together and driven its development. SIX has enjoyed success in an increasingly difficult market environment and made an important contribution to the success of the Swiss financial center. The Board of Directors thanks Urs Rüegsegger for his great commitment.

UK's WMA And APFA Members Vote To Create Trade Association For Uk Personal Investment Management & Financial Advice

Date 31/05/2017

The two leading UK trade associations in the personal investment management and financial advice sector have agreed to come together to form a larger representative body for organisations that support individuals and families to plan and invest for their financial life journey.

Azione MPs Denounces The Arbitrary Intervention Of The Italian State In Banca Monte Dei Paschi Di Siena: Counterbalancing Measures Are Required In Compliance With Market Rules

Date 31/05/2017

Azione MPS, the Association of Small Individual Shareholders and member of CONAPA, sent out a letter today addressed to the Public Authorities of the European Union and of the Italian Republic. The letter points to the main contradictions at the heart of the forced state intervention in the listed company Banca Monte dei Paschi di Siena (precautionary recapitalisation with burden sharing) that goes against the rules and principles of Commercial Law as well as the policies pursued by the European Commission towards the creation of the Single Capital Market and which will mainly cause detriment to over 150,000 Small Shareholders who collectively own more than 55% of the Company.

ACER Proposes Potential Improvements To The Energy Infrastructure Package

Date 31/05/2017

The Agency has published today its position on potential improvements to the Energy Infrastructure Package. The document focuses on improving the Cost-Benefit Analysis (CBA) methodology, the development and usage of scenarios, streamlining monitoring activities and information requirements for the selection of Projects of Common Interest (PCIs) in the European Union and on the updates of the Unit Investment Cost report. You can access the position paper here.