News Centre

TheCityUK: Improving Europe’s Listings Regime And Unlocking Growth

Date 16/07/2015

TheCityUK, supported by King & Wood Mallesons, has today published its Capital markets for growing companies: a review of the European Listings Regime report, setting out its proposals for how Europe’s listings regime could be improved to the benefit of investors and issuers across the whole of the EU, with particular focus on growth companies. 

Greece's Parliament Passes Austerity Measures In Extra Time

Date 15/07/2015

Greece's Parliament voted to approve the controversial austerity measures struck Monday with the country's creditors, but opposition to the agreement tore apart the ruling Syriza party.

Eurogroup To Hold Conference Call On Greece Bailout On Thursday

Date 15/07/2015

Michel Reijns ‏@MichelReijns  

Confirmation just went out: #Eurogroup teleconference tomorrow 10 AM #Greece

U.S. Department Of The Treasury Treasury International Capital System (TIC) Homepage Update

Date 15/07/2015

The Treasury International Capital System (TIC) Homepage for U.S. Department of the Treasury has recently been updated, and is now available.

European Commission - For A financial Sector That Promotes Investment, London, 15 July 2015, Jonathan Hill, Commissioner Responsible For Financial Stability, Financial Services And Capital Markets Union, City Of London Corporation Policy Committee

Date 15/07/2015

I am delighted to be here this evening. Delighted to be here with my colleague – and friend – Jyrki Katainen, who is a great champion of the Single Market, and indeed of the UK. And delighted to be here with the City of London Corporation, a fabulously British institution which combines a great sense of history with being completely modern. A local authority which has to deal with the bins and parking in one breath and think about London's position as a great global financial centre in the next.

SEC Chair White, Federal Agencies Join Forces For Military Consumer Protection Day 2015

Date 15/07/2015

Securities and Exchange Commission Chair Mary Jo White led a multi-agency event today to support Military Consumer Protection Day 2015, highlighting how service members can best protect themselves and their finances from fraud and identity theft.

CFTC Swaps Report Update

Date 15/07/2015

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

Depository Trust & Clearing Corporation: Statement On House Passage Of H.R. 1847 - Swap Data Repository And Clearinghouse Indemnification Correction Act

Date 15/07/2015

The Depository Trust & Clearing Corporation (DTCC) today issued the following statement in response to the U.S. House of Representatives’ passage of the Swap Data Repository and Clearinghouse Indemnification Correction Act of 2015 (H.R. 1847):

"DTCC applauds House passage of the Swap Data Repository and Clearinghouse Indemnification Correction Act of 2015. Bipartisan passage of H.R. 1847 is a key milestone in the process to remove the Dodd-Frank Act’s indemnification provisions. These provisions pose a significant barrier to U.S. and global regulators as they seek to leverage the data and transparency benefits offered by swap data repositories. To help ensure regulators obtain a consolidated and accurate view of the global over-the-counter derivatives marketplace, we urge the Senate to move swiftly to support this non-controversial, technical fix.”

European Commission - Fact Sheet: Questions And Answers On The Proposal To Revise The EU Emissions Trading System (EU ETS)

Date 15/07/2015

See also: Press release: Transforming Europe's energy system - Commission's energy summer package leads the way (15 July 2015)

1. Why has the Commission proposed today a revision of EU ETS?

The European Commission has presented a legislative proposal to revise the EU Emissions Trading System (ETS) in line with the 2030 climate and energy policy framework agreed by the EU leaders in October 2014. The proposal is an integral part of the work on achieving a resilient Energy Union with a forward-looking climate policy – a top political priority of the Juncker Commission, launched in February 2015.

EBA Publishes Final Product Oversight And Governance Requirements For Manufactures And Distributors Of Retail Banking Products

Date 15/07/2015

The European Banking Authority (EBA) published today its final Guidelines on product oversight and governance (POG) arrangements for retail banking products. These Guidelines set out requirements for manufacturers and distributors when designing and bringing to market mortgages, personal loans, deposits, payment accounts, payment services and electronic money. The Guidelines are the EBA's response to increasing risks arising from the mis-conduct of financial institutions in their interaction with consumers and are part of the EBA's work to enhance consumer protection across the EU. The Guidelines will apply from 03 January 2017.