News Centre

Bermuda Stock Exchange Will Be Closed For Easter Holiday

Date 16/04/2014

The Bermuda Stock Exchange (“BSX”) advises that the Exchange will be closed on Friday, 18 April, 2014, in observance of the Good Friday Public Holiday. The BSX will re-open on Monday, 21 April, 2014.

Regulation On Securities Settlement And On Central Securities Depositories In The EU (‘CSD Regulation’) – Frequently Asked Questions

Date 16/04/2014

See also STATEMENT/14/130

1. What does the CSD Regulation address?

The CSD Regulation aims to harmonise both the timing and conduct of securities settlement in Europe and the rules governing Central Securities Depositories (CSDs) which operate the infrastructures enabling settlement.

Irish Residential Properties REIT Lists On The Irish Stock Exchange Raising €200m

Date 16/04/2014

Irish Residential Properties REIT plc (“the REIT”), the first residentially focused REIT to list in Ireland, commenced trading on the Irish Stock Exchange (ISE) today.

EBA Updates Its Work Programme For 2014

Date 16/04/2014

The European Banking Authority (EBA) informs on an addendum to its work plan for 2014 following a series of calls for advice from the European Commission. The additional work will mostly consist of technical advice on a number of topics related to provisions in the CRR/CRD. It will inform the European Commission in the preparation of reports to the European Parliament and the Council and, where appropriate, legislative acts.

SIFMA Supports Move To Shorten Settlement Cycle

Date 16/04/2014

SIFMA today announced it supports a move to shorten the settlement cycle for U.S equities, corporate bonds and municipal bonds to trade date plus two days (T+2) from the current T+3. SIFMA recognizes that shortening the settlement cycle on a timeframe that is workable for all market participants can meaningfully benefit investors by reducing systemic risk.

EBA Technical Standards On Supervisory Reporting Endorsed With Amended Calendar

Date 16/04/2014

The European Banking Authority (EBA) welcomed the adoption by the European Commission (EC) of its Implementing Technical Standards (ITS) on supervisory reporting. In accordance with an Opinion issued by the EBA, the remittance dates of the first set of supervisory reports will be postponed from April/May 2014 to end June 2014, but there is no change to reference dates. This decision will ensure legal coherence and clarity given the later than scheduled entry into force of the ITS.

OCC: Comptroller Discusses Cybersecurity

Date 16/04/2014

Comptroller of the Currency Thomas J. Curry today highlighted the importance of cybersecurity and the OCC’s recent guidance on managing third-party relationships during remarks before a CES Government meeting.

EBA Publishes List Of Incorrect ITS Validation Rules

Date 16/04/2014

The European Banking Authority (EBA) issued a list of incorrect validation rules found in its Implementing Technical Standards (ITS) on supervisory reporting. The Authority informed that as a consequence, data submitted in accordance with these Implementing Technical Standards (ITS) should not be validated against the published set of incorrect rules.

Citicom Assure Named Best Sell-Side Compliance Product - Mobile Voice Recording Solution Tabbed As Best Compliance Product By Sell-Side Technology

Date 16/04/2014

Citicom Solutions, a total communications business focused on financial services organizations globally, today announced that its mobile voice recording solution, Citicom Assure, has been named the winner of the “Best Sell-Side Compliance Product” at the 2014 Sell-Side Technology Awards.

Singapore And Other APEC Economies Release Joint Consultation Paper On The Asia Region Funds Passport

Date 16/04/2014

Singapore, Australia, Korea, New Zealand, Philippines and Thailand today released a joint consultation paper on the proposed rules and arrangements that will govern the operation of the Asia Region Funds Passport (ARFP). When implemented, the ARFP will allow fund managers operating in a passport member economy to offer their funds in other passport member economies under a streamlined authorisation process.