News Centre

Speech By Christopher Woolard, Executive Director Of Strategy And Competition, UK's Financial Conduct Authority, Delivered At Brevan Howard Centre For Financial Analysis, Wednesday 5 October 2016 - The Role Of Consumer Decision-Making In Ensuring Good Market Dynamics In The Mortgage Sector

Date 05/10/2016

Introduction

Good afternoon.

For many people, a mortgage still represents the biggest financial commitment they will make in their lifetime.

Socially and economically: the mortgage market remains hugely significant.

So I am very grateful to Imperial College Business School partnering with us and co-ordinating this conference.

SEC: Credit Suisse Paying $90 Million Penalty For Misrepresenting Performance Metric

Date 05/10/2016

The Securities and Exchange Commission today announced that Credit Suisse AG has agreed to pay a $90 million penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management business.

EEX New Participant: Gunvor International B.V., Niederlassung Genf

Date 05/10/2016

Gunvor International B.V., Niederlassung Genf has additionally been admitted to exchange trading for Financial German-Austrian Wind Power Futures.

A Joint Committee Of SCA, ADX, And DFM Meets To Discuss Mechanisms For Transferring Jurisdiction Over Some Financial Instruments

Date 05/10/2016

Following an approval given by the board of the Securities and Commodities Authority (SCA) in its last meeting to start implementing the first phase of the self-regulatory model in the UAE securities sector, representatives from SCA, the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) have held a meeting to discuss the technical aspects of transferring jurisdiction over some financial instruments from SCA to ADX and DFM. The meeting included members of the joint committee formed by SCA, ADX, and DFM particularly for this purpose.

Non-Jordanian Investment At The Amman Stock Exchange During September 2016

Date 05/10/2016

The total value of shares that were bought by non-Jordanian investors at the Amman Stock Exchange (ASE) since the beginning of the year until the end of September 2016 was JD388.1 million, representing 23.9% of the overall trading value, while the value of shares sold by them amounted to JD268.2 million. As a result, the net of non-Jordanian investments showed an increase of JD119.9 million, compared to a decrease by JD4.4 million for the same period of 2015.

Dubai International Financial Centre And PwC Host Major Brexit Debate

Date 05/10/2016

Dubai International Financial Centre (DIFC), the region’s leading financial hub with over 1,500 firms and 21,000 professionals, hosted a major Brexit debate with PwC, one of the leading professional services firms in the region. Attracting over 250 industry leaders from across financial and professional services, especially banks, investors and investment banks, discussions focused on the implications of Brexit three months after the vote of the UK to leave the European Union. The event was part of the DIFC’s ongoing efforts to facilitate debates and discussions on key industry trends and developments as well as encouraging collaboration and knowledge sharing within its burgeoning community.

Uncertain Times - Speech By Ben Broadbent, Deputy Governor, Bank Of England Monetary Policy At The Wall Street Journal, The News Building, London

Date 05/10/2016

Before August, the UK’s official interest rate had been held at ½% for over seven years, the longest period of unchanged rates since 1950. No-one on the current MPC was on the Committee when rates were previously changed, in early 2009; indeed there are children now at primary school who weren’t even alive at the time. So although the August Inflation Report gave a pretty full account of the reasons for the MPC’s decision it wouldn’t do any harm to expand on these things a little further. That’s what I plan to do today, focussing on two areas.

SIX Swiss Exchange Launches Trading Simulation

Date 05/10/2016

ESMA Consults On Requirements For The Management Of Trading Venues And Reporting Services Providers

Date 05/10/2016

The European Securities and Markets Authority (ESMA) has today issued a consultation paper on draft guidelines which will further detail the implementation of the Market in Financial Instruments Directive (MIFID II).

Opus: LEI Update – Uptake Of LEIs Remains Slow

Date 05/10/2016

Regulatory SaaS technology leader Opus announced today that Alacra, its KYC and reference data management platform, has issued an update on the LEI initiative, Inside the LEI issue X, its regular newsletter on Legal Entity Identifiers (LEIs).