News Centre

DFM Plans To Introduce Central Counterparty (CCP) Clearing In Line With International Best Practice

Date 31/01/2017

• The DFM will begin consultation on its new clearing model in the second quarter of 2017 and plans to commence the CCP Company’s operations early 2019
• His Excellency Essa Kazim: "significant market enhancement in order to well- position the market for sustained growth, as the introduction of a CCP reduces risk and improves liquidity"
• Maryam Fekri: “The CCP Company will be an independent subsidiary fully owned by DFM, as part of comprehensive restructuring of Post-trade services in line with international best practices”

J.B. Hunt Transport Services, Inc. To Join The NASDAQ-100 Index Beginning February 7, 2017

Date 31/01/2017

Nasdaq (Nasdaq:NDAQ) today announced that J.B. Hunt Transport Services, Inc. (Nasdaq:JBHT), will become a component of the NASDAQ-100 Index® (Nasdaq:NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq:NDXE) prior to market open on Tuesday, February 7, 2017. J.B. Hunt Transport Services, Inc. will replace NXP Semiconductors N.V. (Nasdaq:NXPI) in the indexes.

Al Mawared Brokerage Amman Stock Exchange Weekly Report Jan 22 - Jan 26, 2017

Date 31/01/2017

Market Summary

• Amman Stock Exchange (ASE) Share Price Index closed the week at 2146.43 decreasing 1.10% month to date and decreasing 0.19% week to date 
• Total market capitalization at market close on 26th of January 2017 was JD 17.1 billion decreasing 1.12% month to date and decreasing 0.05 week to date 
• USD/JD peg range (0.7097 – 0.7100)

UK's Financial Conduct Authority Fines Deutsche Bank £163 Million For Serious Anti-Money Laundering Controls Failings

Date 31/01/2017

The Financial Conduct Authority (FCA) has today fined Deutsche Bank AG (Deutsche Bank) £163,076,224 for failing to maintain an adequate anti-money laundering (AML) control framework during the period between 1 January 2012 and 31 December 2015.  This is the largest financial penalty for AML controls failings ever imposed by the FCA, or its predecessor the Financial Services Authority (FSA).

Approval Of Initial Program’s Listing (TOKYO PRO-BOND Market): Japan Exchange Group, Inc.

Date 31/01/2017

Today, Tokyo Stock Exchange approved a program listing application from Japan Exchange Group, Inc. for listing on the professional-oriented TOKYO PRO-BOND Market.

New York State Department Of Financial Services Fines Deutsche Bank $425 Million For Russian Mirror-Trading Scheme - The Bank Allowed Traders to Engage in a Money-Laundering Scheme Using “Mirror Trades” That Improperly Shifted $10 Billion Out of Russia - DFS Directs Bank to Hire an Independent Monitor to Review and Report on Its Existing Compliance Programs, Policies and Procedures

Date 31/01/2017

Financial Services Superintendent Maria T. Vullo today announced that Deutsche Bank AG and its New York branch will pay a $425 million fine and hire an independent monitor as part of a consent order entered into with the New York State Department of Financial Services (DFS) for violations of New York anti-money laundering laws involving a “mirror trading” scheme among the bank’s Moscow, London and New York offices that laundered $10 billion out of Russia. DFS’s investigation found that the bank missed numerous opportunities to detect, investigate and stop the scheme due to extensive compliance failures, allowing the scheme to continue for years. DFS worked closely on the investigation with the Financial Conduct Authority.

ISDA Americas Credit Derivatives Determinations Committee: Avaya Inc. Bankruptcy Credit Event

Date 31/01/2017

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Americas Credit Derivatives Determinations Committee resolved that a bankruptcy credit event occurred in respect of Avaya Inc.

Remarks Of CFTC Commissioner Sharon Y. Bowen Before The Commodity Markets Council - “Transitions Present Opportunities”

Date 30/01/2017

Introduction

Thank you for the kind introduction and good morning everyone. It is a pleasure to be here at the Commodity Markets Council’s “Global State of the Industry” Meeting. The CMC is an important voice for end-users in our energy and agricultural markets, and I welcome any opportunity to engage with these market participants that play such a vital role in our infrastructure and economy. Before I begin, let me note that the views expressed today are my own, and do not necessarily reflect those of the other Commissioners or Commission staff.

Federal Reserve Board Announces Finalized Stress Testing Rules Removing Noncomplex Firms From Qualitative Aspect Of CCAR Effective For 2017

Date 30/01/2017

The Federal Reserve Board on Monday finalized a rule adjusting its capital plan and stress testing rules, effective for the 2017 cycle. The final rule removes large and noncomplex firms from the qualitative assessment of the Federal Reserve's Comprehensive Capital Analysis and Review (CCAR), reducing significant burden on these firms and focusing the qualitative review in CCAR on the largest, most complex financial institutions.

Wenchi Hu, Associate Director In The Division Of Trading And Markets, To Leave SEC

Date 30/01/2017

The Securities and Exchange Commission today announced that Wenchi Hu, an Associate Director in the Division of Trading and Markets, will leave the agency in early February.