News Centre

CSA Alerts Canadians: Beware Binary Options Platforms

Date 23/03/2016

The Canadian Securities Administrators (CSA) are increasingly concerned about the growth in the number of websites promoting offshore binary options trading platforms that are targeting Canadians. The CSA wants to make it clear: no business is currently registered or authorized to market or sell binary options in Canada.

Commodity Dealers: Council Of The European Union Agrees To Extend Exemption

Date 23/03/2016

On 23 March 2016, the Permanent Representatives Committee agreed, on behalf of the Council, to extend an exemption for commodity dealers under an EU regulation on bank capital requirements.

ESMA Is Closed For Easter Holidays On 24, 25 And 28 March

Date 23/03/2016

ESMA's office will be closed for Easter Holidays on 24, 25 and 28 March 2016.

The FCA’s Competition Powers - Speech By Deb Jones, Director Of Competition At The FCA, Delivered At The Impact Of Competition Powers On Financial Services Conference, London

Date 23/03/2016

Introduction

Let me start by saying that it is very good to see some familiar faces in the room, including legal colleagues, both in-house and from private practice, economists and representatives of the financial services sector more generally. 

Bermuda Stock Exchange Will Be Closed For Easter Holiday

Date 23/03/2016

The Bermuda Stock Exchange (“BSX”) advises that the Exchange will be closed on Friday, 25 March, 2016, in observance of the Good Friday Public Holiday. The BSX will re-open on Monday, 28 March, 2016.

Federal Reserve Begins 2016 Survey Of Finance Companies

Date 23/03/2016

The Federal Reserve will begin its Survey of Finance Companies in March as part of the continuing effort to paint a comprehensive view of the range of companies in this sector of the U.S. financial system.

CFTC Swaps Report Update

Date 23/03/2016

CFTC's Weekly Swaps Report has been updated, and is now available.

CME Group Inc. Announces First-Quarter 2016 Earnings Release, Conference Call

Date 23/03/2016

CME Group Inc. will announce earnings for the first quarter of 2016 before the markets open on Thursday, April 28, 2016.  The company has scheduled an investor conference call that day at 7:30 a.m. Central time.

Office Of Financial Research Update - "Form PF And Hedge Funds: Risk-measurement Precision For Option Portfolios"

Date 23/03/2016

The OFR released a working paper today entitled, "Form PF and Hedge Funds: Risk-measurement Precision for Option Portfolios," and an accompanying blog by Stacey Schreft, OFR Deputy Director for Research and Analysis. The paper examines the precision of Form PF in measuring the risk hedge funds pose to the financial system. Hedge funds and other private funds now file Form PF with the Securities and Exchange Commission. The paper extends the methodology of a 2015 OFR working paper and finds that options significantly weaken the risk-measurement tolerances in Form PF.

EBA: Consultation On Reporting Financial Information Using GAAP

Date 23/03/2016

The European Banking Authority (EBA) launched today a public consultation on reporting financial information using Generally Accepted Accounting Practices (GAAP) across EU jurisdictions. This is a decentralised public consultation, which takes place through National Competent Authorities across the EU and not through the EBA, so as to allow for a better informed discussion on questions that may be specific to the individual jurisdictions across the EU. All interested stakeholders can provide feedback directly to their National Competent Authorities (NCAs) by 15 April 2016.