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Thomson Reuters Survey Reveals More Than Half Of Financial Institutions Are Concerned About Reputational Risks Of FATCA & CRS Non-Compliance
Date 31/05/2016
More than 50 percent of senior executives from multinational financial firms are concerned non-compliance with the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) mandates could affect the reputations of their institutions.
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ACER Finds Still Contractual Congestion In European Gas Networks
Date 31/05/2016
Contractual congestion, a situation where firm capacity demand exceeds the technical capacity, has been detected at 17% of the entry and exit sides at interconnection points across the EU. The Agency’s Annual Congestion Report published today, includes a list specifying at which sides of interconnection points a certain congestion management procedure (the so-called Firm Day-Ahead Use-It-Or-Lose-It mechanism) will have to be applied from 1 July 2016. Access to the report and find out more here.
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EBA And EIB Discuss Opportunities And Challenges Of Synthetic Securitisation In The Banking Sector
Date 31/05/2016
On 31 May 2016, the European Banking Authority (EBA) and the European Investment Bank Group (European Investment Bank and European Investment Fund) hosted a seminar to discuss opportunities and challenges on the role and potential use of credit guarantees and synthetic securitisation in the banking sector.
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IISL Index Dashboard For The Month Ended May 2016
Date 31/05/2016
Summary:
- Nifty 50 closed at 8160.10 as on May 31, 2016, an increase of 310.30 points (3.95%) as against 7849.80 as on April 29, 2016.
- The free float market capitalization of Nifty 50 index was USD 444.30 Bn. as on May 31, 2016 as against USD 430.84 Bn. as onApril 29, 2016. The free float market capitalization of Nifty Next 50 index was USD 79.00 Bn. as on May 31, 2016 as againstUSD 77.85 Bn. as on April 29, 2016.
- Most indices across all categories gained during the one month period ending May 31, 2016. Nifty Financial Services index gainedthe most (6.97%) amongst all the indices during the month whereas the Nifty Pharma index (-2.64%) was the biggest loser duringthe month.
- During the 3 month period ending May 31, 2016, the biggest gainers in their respective index categories are Nifty Smallcap 50(24.11%) in broad market index category, Nifty Tata Group 25% Cap (31.59%) in thematic index category, Nifty High Beta(22.57%) in strategy index category and Nifty Realty (40.56%) in sectoral index category.
- The biggest gainers during the 1 year period ending May 31, 2016 in their respective index categories are Nifty Midcap 150(1.87%) in broad market index category, Nifty Mahindra Group (4.45%) in thematic index category, Nifty Low Volatility 50(4.28%) in strategy index category and Nifty Media (20.19%) in sectoral index category.
- Mirae Asset Global Investments launched NIFTY 50 based Leveraged ETF in Korea and it is listed and traded on Korea Exchange(KRX) from May 13, 2016. In India, Edelweiss Mutual Fund launched Nifty Quality 30 index linked ETF which is listed andtraded on NSE from May 30, 2016.
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Gulf Bank Kuwait First In Region To Use Biometrics For Digital Banking - Daon's IdentityX Platform Used To Enable Multi-modal Biometric Authenticatio
Date 31/05/2016
Daon and Gulf Bank Kuwait announced today their partnership in providing biometric authentication within Gulf Bank Kuwait's new mobile banking application. Daon's IdentityX® Platform enables Gulf Bank Kuwait's customers to seamlessly authenticate using their face and fingerprint to quickly and easily assert their identity online across multiple channels.
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Despite Positive Outlook, New Research From State Street Reveals Asset Owners, Managers Lack Readiness For Blockchain
Date 31/05/2016
New research from State Street Corporation (NYSE:STT) on blockchain, the distributed ledger that maintains a continuously growing list of data records which are hardened against tampering and revision, unveils that while a majority of asset owners and asset managers (57 percent) expect it to be widely adopted in the investment industry in the next five years, only seven percent currently have initiatives underway to support it.
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MNI Chicago Business Barometer: May Chicago Business Barometer Down 1.1 Points To 49.3 - New Orders, Production And Employment Running Below 50
Date 31/05/2016
The MNI Chicago Business Barometer fell 1.1 points to 49.3 in May from 50.4 in April, the lowest level since February and the sixth time it has been in contraction over the past 12 months.
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Visible Alpha Recognized As Top Winner Of 2016 Benzinga Fintech Awards
Date 31/05/2016
Visible Alpha, LLC, an investment research technology firm, has been awarded First Place Overall Winner of the 2016 Benzinga Fintech Awards for its innovative research and analysis platform, and the Winner of the Research Platforms, Apps and Tools category. This award recognizes the Visible Alpha technology for enabling the creation of an entirely new category of research data and analytics for the institutional investment community.
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BNY Mellon’s HedgeMark Implements Axioma Risk™ As Its Global Multi-Asset Class Risk Management Platform - Implementations Of Axioma Risk™ Accelerate As Firms Seek Better Risk Solutions For Customized Multi-Asset Class Strategies
Date 31/05/2016
Axioma, a provider of innovative risk and portfolio management solutions, announced that HedgeMark International, LLC has completed the implementation of Axioma Risk™. HedgeMark, a BNY Mellon company, provides hedge fund dedicated managed account and risk analytic services. Axioma Risk is a next-generation multi-asset class risk management platform that allows clients to support their risk reporting across diverse and innovative investment strategies more seamlessly and with increased efficiency.
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Transaction Successfully Completed: PXE Joins EEX Group
Date 31/05/2016
Following the successful completion of the transaction, Prague-based POWER EXCHANGE CENTRAL EUROPE (PXE) has now officially joined EEX Group.
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