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  • EBA Launches Data Collection Addressed To Commodity Derivatives Firms To Review The Prudential Framework For Investment Firms

    Date 20/12/2016

    The European Banking Authority (EBA) launched today a data collection for commodity derivatives firms that will support the European Commission in the calibration of the new prudential regime for investment firms. This exercise follows up on the consultation the EBA launched on 4 November 2016 in response to the European Commission's call for technical advice on the design of a new prudential regime for investment firms, including the extent to which the new regime would also be suitable for or adaptable to specialised commodity derivatives firms.

  • Office Of Financial Research Update - Interbank Contagion: An Agent-based Model Approach To Endogenously Formed Networks

    Date 20/12/2016

    The OFR released a working paper today entitled, "Interbank Contagion: An Agent-based Model Approach to Endogenously Formed Networks." The authors create an agent-based model that can help regulators understand risk in the interbank funding market. Tests of the model against actual bank failures before, during, and after the 2007-09 financial crisis suggest that the market has become more resilient to asset write-downs and liquidity shocks. The model uses balance sheet data from more than 6,600 U.S. banks.

  • ESAs Publish The Revised Joint Guidelines On The Prudential Assessment Of Acquisitions And Increases Of Qualifying Holdings In The Financial Sector

    Date 20/12/2016

    The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published today the revised Joint Guidelines on the prudential assessment of acquisitions and increases of qualifying holdings in the banking, insurance and securities sectors, replacing the previous Guidelines, adopted in 2008.

  • BM&FBOVESPA Announces New Market Maker For Soybean And Light Sweet Crude Oil Futures Contracts - The Program Aims At Guaranteeing Price References For Products Listed On The Exchange

    Date 20/12/2016

    BM&FBOVESPA hereby announces a new Market Maker for Soybean (SJC) and Light Sweet Crude Oil (WTI) futures contracts. Banco Modal S.A. has been chosen as the new institution to carry out this daily activity mandatory in both contracts, as of tomorrow (December 21). The Cash-Settled Soybean Futures Contract at the Price of the CME Group Mini-Sized Soybean Futures Contract (SJC) has as its underlying the settlement price of the Mini-Sized Soybean Futures Contract traded at the CME Group’s Chicago Board of Trade (CBOT). The price quotations for this contract are in United States Dollars per 60-net kilogram bag, at the equivalent of 450 bags or 27 metric tons.  The period for Market Maker activity runs until December 2017, with an 80% daily presence in trading of the first and second contract months, for a minimum quantity of 50 contracts, respecting a maximum bid-ask spread of USD 0.20.

  • European Supervisory Authorities Issue Report On Reducing Reliance On Credit Ratings

    Date 20/12/2016

    The Joint Committee of the three European Supervisory Authorities (ESAs) has today published a ​Report on good supervisory practices for reducing sole and mechanistic reliance on credit ratings. The Report is directed at the nationally appointed Sectoral Competent Authorities (SCAs) for a wide range of financial institutions, such as credit institutions, investment firms, asset management companies and insurance undertakings. 

  • NuShares Lists New Fund On The Bats ETF Marketplace - 23 Issuers, 121 Funds Now Listed On Bats In The U.S.

    Date 20/12/2016

    Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed another NuShares ETF to the Bats ETF Marketplace, the sixth NuShares fund listed on Bats.

  • EBA Consults On Supervision Of Significant Branches

    Date 20/12/2016

    The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on the supervision of significant branches. Prompted by the increasing demand to establish branches across the European Union, these Guidelines are designed to facilitate cooperation and coordination between the Competent Authorities (CAs). They will assist them in supervising the largest systemically important branches, the so-called "significant-plus" branches, which require intensified supervision. The consultation runs until 20 March 2017.

  • BGC Partners Completes Acquisition Of Sunrise Brokers

    Date 20/12/2016

    BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company") a leading global brokerage company servicing the financial and real estate markets [1], today announced that it has completed the acquisition of the businesses of Sunrise Brokers Group ("Sunrise Brokers"), an independent financial brokerage with a leading reputation in worldwide equity derivatives. Details of the transaction were not disclosed.

    BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company") a leading global brokerage company servicing the financial and real estate markets [1], today announced that it has completed the acquisition of the businesses of Sunrise Brokers Group ("Sunrise Brokers"), an independent financial brokerage with a leading reputation in worldwide equity derivatives. Details of the transaction were not disclosed.

    About BGC Partners, Inc.: 

  • EBA Recommends A Harmonised EU-Wide Framework For Covered Bonds

    Date 20/12/2016

    The European Banking Authority (EBA) published today a Report including recommendations on how to harmonise covered bond framework in the EU. This Report represents an unparalleled attempt to further strengthen the covered bonds across the EU and seeks to ensure that only those financial instruments that comply with the harmonised structural, credit risk and prudential standards can be branded as ‘covered bonds' and have access to special regulatory and capital treatment as provided in the current EU financial regulation.

  • SEC: Company Settles Charges In Whistleblower Retaliation Case

    Date 20/12/2016

    The Securities and Exchange Commission today announced that an oil-and-gas company has agreed to settle charges that it used illegal separation agreements and retaliated against a whistleblower who expressed concerns internally about how its reserves were being calculated.