Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

News Centre

  • Office Of The Comptroller Of The Currency Bulletin: Mandatory Contractual Stay Requirements For Qualified Financial Contracts: Notice Of Proposed Rulemaking

    Date 03/10/2016

    Summary

    The Office of the Comptroller of the Currency (OCC) is seeking comment on a proposed rule that would enhance the resilience and the safety and soundness of federally chartered and licensed financial institutions. The proposed rule would address concerns relating to the exercise of default rights of certain financial contracts that could interfere with the orderly resolution of certain systemically important financial firms. Under this proposed rule, a covered bank would be required to ensure that all covered qualified financial contracts (QFC) (1) contain a contractual stay-and-transfer provision analogous to the statutory stay-and-transfer provision imposed under title II of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd–Frank Act) and in the Federal Deposit Insurance Act, and (2) limit the exercise of default rights based on the insolvency of an affiliate of the covered bank. In addition, this proposed rule would make conforming amendments to the OCC’s capital adequacy standards in 12 CFR 3 and the liquidity risk measurement standards in 12 CFR 50. The OCC worked closely with the Board of Governors of the Federal Reserve System (Board) to ensure that the requirements of this proposed rule are substantively identical to those contained in a notice of proposed rulemaking issued by the Board on May 3, 2016. The OCC’s notice of proposed rulemaking was published in the Federal Register on August 19, 2016, and comments are due on October 18, 2016.

  • OCC Cleared Contract Volume Up Two Percent In September - Securities Lending Activity Up 29 Percent In September And 39 Percent Year-To-Date

    Date 03/10/2016

    OCC, the world's largest equity derivatives clearing organization, announced today that cleared contract volume in September was 367,641,787 contracts, up two percent from September 2015 volume of 361,537,608 contracts. OCC's year-to-date average daily cleared contract volume is down two percent from 2015 with 16,501,149 contracts in 2016.

  • MGEX Posts September Volume Numbers

    Date 03/10/2016

    MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), has concluded the month of September with a total volume of 138,472 and an electronic volume of 113,568.   

  • EBA Publishes Final Guidelines On Implicit Support For Securitisation Transactions

    Date 03/10/2016

    The European Banking Authority (EBA) published today its final Guidelines on implicit support for securitisation transactions. The objective of these Guidelines is to clarify what constitutes arm's length conditions and to specify when a transaction is not structured to provide support for securitisations. The Guidelines will contribute towards the successful implementation of the Commission's securitisation package under the Capital Markets Union reform, giving clarity on the matter to credit institutions.

  • Ziraat Portfolio Participation Index Comes Into The Market With An Opening-Bell Ceremony At Borsa İstanbul

    Date 03/10/2016

    Borsa İstanbul’s bell rang for Ziraat Portfolio Participation Index. At the opening-bell ceremony organized on the occasion, Banking and Regulation Supervision Agency Chairman Mehmet Ali Akben, Borsa İstanbul’s Founder, Honorary Chairman and Ziraat Katılım Bankası (Participation Bank) Chairman Muharrem Karslı, Ziraat Katılım Bankası A.Ş. CEO Osman Arslan, Ziraat Portföy (Portfolio) Chairman Ali Kılıç, Ziraat Portföy CEO Hakan Eryılmaz and Borsa İstanbul Chairman Himmet Karadağ rang the opening-bell together.