News Centre

OCC Announces Actions To Respond To International Peer Review Recommendations

Date 28/05/2014

The Office of the Comptroller of the Currency (OCC) today announced significant changes intended to strengthen both the supervisory process and the examining force supervising the nation’s largest and most complex financial institutions.

Mark Beeston Joins Duco As Chairman

Date 28/05/2014

Duco, provider of the hosted, on-demand reconciliation service Duco Cube, today announced that it has appointed Mark Beeston as Chairman.

Global Derivatives Conference Concludes In Moscow - Key Themes Included Response To Regulation, Moscow"S Emergence As Major Financial Center, And Recovery Of Global Exchange-Traded Derivatives

Date 28/05/2014

The 31st annual World Federation of Exchanges/IOMA conference, devoted to the global derivatives market, concluded today in Moscow. The annual conference brings together both the leaders of the world's futures and options markets and global clearing houses, to discuss market and regulatory issues affecting the global derivatives landscape. This year the conference was hosted by Moscow Exchange, Russia"s main public markets trading platform.

FINRA Issues New Investor Alert, High-Yield CDs: Red Flags That Signal A Scam

Date 28/05/2014

The Financial Industry Regulatory Authority (FINRA) issued a new investor alert called High-Yield CDs: Red Flags That Signal a Scam warning investors to be wary of promotions touting certificates of deposit (CDs) that promise interest rates that are substantially higher than current averages. In one instance of suspected email fraud, the pitch appeared to come from a large U.S. bank that supposedly was promoting a CD offered by an international banking partner. At a time when most CDs at U.S. banks and credit unions were offering just over 1 percent for a comparable term, this pitch offered a CD with a 15 percent yield, and contained instructions on how to wire funds.

ECB: Financial Stability Review Shows Progress In Strengthening Banks And Sovereigns; Hunt For Yield Contributing To The Build-Up Of New Risks

Date 28/05/2014

• Banking system stress has eased further as banking union preparations have gathered pace and banks have strengthened balance sheets

• Growing search for yield has benefited euro area banks and sovereigns, but could also unearth imbalances should risks be reassessed

ESMA Closed On 29 And 30 May For EU Institutional Holidays

Date 28/05/2014

The European Securities and Markets Authority will be closed on Thursday 29 and Friday 30 May for EU Institutional Holidays. It will reopen on Monday 2 June.

SEC Obtains Asset Freeze To Halt Fraud At Illinois-Based Transfer Agent

Date 28/05/2014

The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze against an Illinois-based transfer agent and its owner whose misappropriation scheme was exposed during an SEC examination of the firm.

ECB And EBA Update The Classification System For Their Reporting Frameworks

Date 28/05/2014

The European Central Bank (ECB) and the European Banking Authority (EBA) published today a third version of the classification system that  links their respective reporting frameworks. This common system, which will support EU banks in their reporting exercise to both the EBA and the ECB, supersedes the second version published in March 2012 and aims at providing a better understanding of the links between the two different reporting frameworks of the ECB and the EBA, while creating synergies between datasets that were originally designed for different purposes.

MIAX Options Exchange: Multi Tick Price Protection – Available Beginning May 28, 2014

Date 28/05/2014

MIAX recently amended MIAX Rules 515 and 529 to provide market participants additional flexibility to designate the level of price protections for their orders and to allow for immediate routing in an additional situation.

EBA Publishes List Of Common Equity Tier 1 (CET1) Capital Instruments

Date 28/05/2014

The European Banking Authority (EBA) published today a list of capital instruments across the EU that national supervisory authorities have classified as Common Equity Tier 1. This list, which was compiled in accordance with Article 26 of the Capital Requirements Regulation (CRR), is based on the information received from the 28 national competent authorities across the EU and includes all the CET1 instruments issued by institutions and evaluated as compliant by the national supervisory authorities. The list will be maintained and updated on a regular basis.