News Centre

EBA Recommends Introducing The Leverage Ratio In The EU

Date 03/08/2016

The European Banking Authority (EBA) published today its report on the impact assessment and calibration of the Leverage Ratio (LR), recommending the introduction of a LR minimum requirement in the EU to mitigate the risk of excessive leverage. The analysis suggests that the potential impact of introducing a LR requirement of 3% on the provision of financing by credit institutions would be relatively moderate, while, overall, it should lead to more stable credit institutions. The report will inform the work of the European Commission on potential legislative proposals on LR.

FTC To Host FinTech Forum On Crowdfunding And Peer-To-Peer Payments On Oct. 26

Date 03/08/2016

The Federal Trade Commission will host its second FinTech Forum on Oct. 26, focusing on two topics of increasing interest to consumers: crowdfunding and peer-to-peer payment systems. The event is designed to bring together perspectives from across the landscape of these two growing sectors, and it will include separate panels exploring each one.

EBA Publishes List Of Designated Resolution Authorities

Date 03/08/2016

The European Banking Authority (EBA) published today a list of designated Resolution Authorities. Under the EU framework, each Member State has to designate one or, exceptionally, more Resolution Authorities that are empowered to apply the resolution tools and the resolution powers.

Federal Reserve Board Orders Goldman Sachs Group To Pay $36.3 Million Civil Money Penalty And Announces It Is Instituting Enforcement Proceedings Against Former Goldman Sachs Managing Director

Date 03/08/2016

The Federal Reserve Board on Wednesday ordered Goldman Sachs Group to pay a $36.3 million civil money penalty for its unauthorized use and disclosure of confidential supervisory information and to implement an enhanced program to ensure the proper use of confidential supervisory information. Additionally, the Board announced that it is instituting enforcement proceedings against Joseph Jiampietro, a former managing director at Goldman Sachs, seeking to impose a fine and permanently bar him from the banking industry stemming from his and his subordinates' unauthorized use and disclosure of confidential supervisory information.

New SimCorp Dimension Release Further Strengthens Front Office, Performance And Reconciliation Functionality

Date 03/08/2016

SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that it has released version 6.0 of its integrated investment management solution, SimCorp Dimension®. The new release, which is the second of this year’s two releases, introduces a number of new modules and enhancements across front, middle and back office.

U.S. Department Of The Treasury: Report To The Secretary Of The Treasury From The Treasury Borrowing Advisory Committee Of The Securities Industry And Financial Markets Association

Date 03/08/2016

August 2, 2016

Letter to the Secretary

Dear Mr. Secretary:

The pace of overall economic activity in the first half of the year was subpar. Real GDP edged up .8% (annual rate) in the first quarter and the anticipated rebound in the second quarter is estimated to have been modest at 1.2% (annual rate). The headline figure in the second quarter masked significantly different performance among the major components of GDP, with robust consumption spending partly offset by declines in business fixed investment, inventories, and residential investment. The weakness in business fixed investment has lasted for three quarters, which is an unusually long soft patch during a business cycle expansion. Meanwhile, the declines in stock building and residential investment appear temporary. Businesses have better aligned inventories with sales and housing starts should be buoyed by attractive mortgage rates, relatively tight months’ supply of new and existing homes, and favorable trends in household formation. Looking forward, most professional forecasters expect a return to above-trend growth in the second half of the year as the drags from the business sector wane and household spending is supported by moderate increases in real income, strong gains in financial wealth, and solid sentiment.

Palestine Securities Exchange Monthly Investor Newsletter-July 2016

Date 03/08/2016

Click here to download the July edition of the PEX Monthly Investor Newsletter.

ESMA Issues Opinion On Danish Pension Scheme To Be Exempt From Central Clearing Under EMIR

Date 03/08/2016

The European Securities and Markets Authority (ESMA) has today issued an opinion regarding the exemption of a Danish pension scheme from the obligation to centrally clear OTC derivative contracts under the European Market Infrastructure Regulation (EMIR).​

Bitfinex Update

Date 03/08/2016

We are currently in an ongoing process of restoring limited functionality in a secure environment, with full functionality coming afterwards in progressive stages. The first step is bringing the site online and allowing users to login and view the state of their accounts. Note that initially trading, deposits, withdrawals, and other core site functionality will be disabled.

Hong Kong's Securities And Futures Commission Suspends Ko Cho Ting For Two Years

Date 03/08/2016

The Securities and Futures Commission (SFC) has suspended Mr Ko Cho Ting for two years from 2 August 2016 to 1 August 2018 for executing suspicious client orders and operating a secret securities account (Note 1).