News Centre

CFTC And Four Canadian Authorities Sign Counterparts To Memorandum Of Understanding To Enhance Supervision Of Cross-Border Regulated Entities

Date 28/07/2016

The U.S. Commodity Futures Trading Commission (CFTC) announced today that CFTC Chairman Timothy Massad signed Counterparts with authorities in four Canadian provinces or territories to a 2014 Memorandum of Understanding (MOU) regarding cooperation and the exchange of information in the supervision and oversight of regulated entities that operate on a cross-border basis in the United States and in Canada.

Ontario Securities Commission Publishes Corporate Finance Branch 2015-2016 Annual Report

Date 28/07/2016

The Ontario Securities Commission (OSC) today published OSC Staff Notice 51-727Corporate Finance Branch 2015-2016 Annual Report.

ISDA Launches FRTB Data Standards Project

Date 28/07/2016

The International Swaps and Derivatives Association, Inc. (ISDA) has announced the launch of a new industry initiative to develop standard data requirements, as part of an effort to facilitate compliance with the Basel Committee on Banking Supervision’s Fundamental Review of the Trading Book (FRTB).

Bats Welcomes Legg Mason As New Issuer To The Bats ETF Marketplace - Becomes 15th ETF Issuer To List On Bats In The U.S.

Date 28/07/2016

Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed Legg Mason as a new issuer to the Bats ETF Marketplace with the launch of the Legg Mason International Low Volatility High Dividend ETF (Bats: LVHI).

World Economic Forum: Survey Shows That Seldom Used Financial Risk Mitigation Tools Are Key To Bridge The Emerging Markets’ $1 Trillion Infrastructure Gap

Date 28/07/2016

• The Risk Mitigation Instruments in Infrastructure: Gap Assessment report highlights the effectiveness and use of risk-mitigation instruments in infrastructure
• The report shows that current instruments are too complex, lack adequate standardization and are too costly for the private sector to use
• Several actions could help accelerate the allocation of institutional investors’ funds towards investment opportunities in infrastructure in emerging and developing economies

United Kingdom Parliament Treasury Committee Update: Chair Seeks Commitment From FCA Not To Increase Costs

Date 28/07/2016

Rt Hon. Andrew Tyrie MP has written to John Griffith-Jones, Chairman of the Financial Conduct Authority (FCA), seeking a further commitment from the regulator not to increase its costs without a clear and adequate explanation to Parliament. This follows a breach of the PCBS' recommendation on FCA costs in 2015/16.

SEC Obtains Asset Freeze In Case Of Investor Funds Stolen For Shopping Sprees

Date 28/07/2016

The Securities and Exchange Commission today announced an asset freeze it has obtained against three men who aren’t registered to sell investments and allegedly went on lavish shopping sprees with more than $5 million raised from investors to purportedly develop a resort.

US Treasury: Joint Statement On U.S.-EU Negotiations For A Bilateral Agreement On Insurance And Reinsurance Measures

Date 28/07/2016

The United States and the European Union today released the following joint statement on negotiations for a bilateral agreement on insurance and reinsurance measures: 

Financial Stability Board: Nordic Experience Of Cooperation On Cross-Border Regulation And Crisis Resolution

Date 28/07/2016

This report from the Regional Consultative Group (RCG) for Europe considers the experience of cross-border regulation and crisis resolution in the Nordic countries. It finds that he Nordic banking system is highly integrated and may provide an example of how cross-border banks may influence the interaction between national authorities. The merger of four large national banks into the Nordea bank in 2001 led to a phase of enhanced cooperation on cross-border regulation and crisis resolution among the Nordic central banks and supervisory authorities. Several Nordic Memoranda of Understanding (MOU) on financial stability were completed in the following years. A broader MoU focusing on crisis management and also including the ministries of finance was signed after the 2008 crisis based on the then agreed European Union MoU for cross-border banking groups. The implementation of the Basel III framework subsequently led to enhanced cooperation on reciprocity arrangements.

BME Approves The Distribution Of A Gross €0.40 Per Share Interim Dividend - To Be Paid On September 16th

Date 28/07/2016

The Board of Directors of BME today agreed to distribute a gross €0.40 per share dividend on September 16, its first interim dividend against 2016 earnings.