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  • 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.

  • Acceptance Remarks At The Penn Law Women’s Summit Awards Luncheon, SEC Chair Mary Jo White, Philadelphia, PA, March 23, 2016

    Date 23/03/2016

    Thank you so much for this award.  It is an honor to be recognized at this, the inaugural, Penn Law Women’s Summit.  I would also like to congratulate my fellow awardees—an extraordinary group of women whose careers are literally shaping the world around us—from the courts, to academia, to politics, to diplomacy, and the board room—all enormously important areas for women to take leadership roles.

  • EBA Publishes The Report On SMEs And The SME Supporting Factor

    Date 23/03/2016

    The European Banking Authority (EBA) published today a Report on small and medium enterprises (SMEs) which analyses (i) the evolution of lending trends and conditions for SMEs, (ii) the effective riskiness of EU SMEs over a full economic cycle and (iii) the consistency of own funds requirements laid down in the Capital Requirements Regulation (CRR) for credit risk on exposures to SMEs. Overall, the results of the EBA analysis show limited effectiveness of the SME Supporting Factor (SF). However, more data is needed before drawing firm conclusions and, therefore, the EBA recommends continued monitoring of the application of the SF.

  • Ahli United Bank Limited Launches Operations In Dubai International Financial Centre As First GCC Bank With Category 1 License

    Date 23/03/2016

    Dubai International Financial Centre welcomed Ahli United Bank Limited (AUBL), a 100% subsidiary of Ahli United Bank B.S.C., which has launched operations at DIFC, AUBL is the first bank in the GCC region to receive the Category 1 license from the Dubai Financial Services Authority (DFSA). 

  • Borsa İstanbul: Derivatives Market (VIOP) Operation Principles Amendments

    Date 23/03/2016

    Derivatives Market (VIOP) Operations Principles Circular no. 433 dated July 19, 2013 is amended as explained below.

    • Order cancellations in FX and gold derivatives will be exempt from “voluntary order cancellation fee” calculations. This change will be effective from April 1, 2016. 
    • The number of substitute members in both the Settlement Price and Corporate Actions Committees is increased from three to six.