News Centre

European Council Council Of The European Union: Council Conclusions On A Capital Markets Union

Date 19/06/2015

The Council:

1. RECALLS its Conclusions of 9 December 2014 on Finance for Growth and the Long-term Financing of the European Economy in order to further build on the policy targets and principles contained therein;
2. RECOGNISES that although EU capital markets have expanded over recent decades, they remain fragmented and less developed as compared to those in some other comparable jurisdictions, in particular in certain market segments crucial for jobs and growth such as securitisation and venture capital;

UK Financial Conduct Authority: Court Of Appeal Upholds Sentence Against Raj Von Badlo

Date 19/06/2015

The Court of Appeal yesterday dismissed an appeal against sentence brought by Raj Von Badlo.

European Council Council Of The European Union: Statement By President Donald Tusk On The Euro Summit On Monday 22 June 2015

Date 19/06/2015

The situation of Greece is getting critical. The current economic assistance programme to Greece runs out in 11 days. Four months of negotiations have not led to the necessary compromise. The Eurogroup meeting yesterday did not manage to break the deadlock. The game of chicken needs to end, and so does the blame game. Because this is not a game and there is no time for any games. It is reality with real possible consequences, first and foremost for the Greek people.

Federal Reserve Board Announces Appointment Of Brian F. Madigan As Secretary Of The Federal Open Market Committee And Deputy Director Of The Board's Division Of Monetary Affairs

Date 19/06/2015

The Federal Reserve Board on Friday announced that Brian F. Madigan has been appointed secretary of the Federal Open Market Committee (FOMC) and deputy director of the Board's Division of Monetary Affairs.

UBS MTF Trading Notice - Rulebook And Membership Criteria Changes

Date 19/06/2015

In accordance with Rule 4.2 of the UBS MTF Rulebook we are taking the opportunity to notify you of a future change to the Rules.

CFTC: Federal Court Orders A $500,000 Civil Penalty Against Joseph F. Welsh III For Attempted Manipulation Of Palladium And Platinum Futures Contracts - Federal Court Order Also Imposes Trading Restriction

Date 19/06/2015

The U.S. Commodity Futures Trading Commission (CFTC) announced today that a federal court in New York, New York, entered a Consent Order against Defendant Joseph F. Welsh III of Northport, New York, resolving CFTC charges that Welsh attempted to manipulate the settlement prices of palladium and platinum futures contracts traded on the New York Mercantile Exchange (NYMEX).

ECOFIN Focuses On Banking Structural Reform And Capital Markets Union

Date 19/06/2015

On Friday, June 19, the Minister for Finance, Jānis Reirs chaired the meeting of the EU Economic and Financial Affairs Council (ECOFIN) in Brussels. During the meeting, the EU Member States expressed their views on the Banking structural reform, Capital markets union and other issues.

Hong Kong's Securities And Futures Commission: Former Licensee Given Community Services And Cold Shoulder Order For False Trading

Date 19/06/2015

The Kowloon City Magistrates’ Court today sentenced Mr Wong Chun to a statutory maximum of 240 hours of community service and imposed a cold shoulder order against him for two years for false trading in the shares of Sino-Tech International Holdings Limited (Sino-Tech) (Notes 1 & 2).

European Commission - Statement: Speaking Notes Of Commissioner Jonathan Hill On Bank Structural Reform At ECOFIN meeting

Date 19/06/2015

"Enormous progress has been made in the last few months. And I want to pay tribute to the Presidency – for all the time and energy dedicated to this file. As well as to my own services who have worked hand in hand with the Presidency and with all delegations on this complex and sensitive file.

The Commission originally brought forward a proposal in January last year. It was one of a package of measures to learn the lessons from the financial crisis and to strengthen our banking system and reinforce financial stability."!

Decisions Taken By The Governing Council Of The ECB (In Addition To Decisions Setting Interest Rates)

Date 19/06/2015

June 2015

Market operations

Substitute purchases by Eesti Pank

On 2 June 2015 the Governing Council decided that, owing to the lack of government and agency bonds needed to accommodate the Estonian benchmark allocation under the PSPP, Eesti Pank could conduct substitute purchases via the acquisition of marketable debt instruments issued by the Estonian public non-financial corporate Elering AS.