News Centre

EBA Publishes Final Draft Technical Standards On Own Funds Requirements For Investment Firms

Date 29/01/2014

29 January 2014

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on own funds requirements for investment firms based on fixed overheads. These RTS harmonise the calculation of capital requirements for those investment firms that have limited authorisation to provide investment services, as well as the conditions under which competent authorities can make adjustments to such requirements. These final draft RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in Europe.

Nigerian Bourse Joins Global Surveillance Group

Date 29/01/2014

The Nigerian Stock Exchange (NSE) is the latest bourse to be admitted by the Intermarket Surveillance Group (ISG) as the alliance recently informed The NSE that its application to join the ISG was successful after a rigorous review process. The admission of the NSE to the ISG is an indication that the NSE’s surveillance capacity is of international standard and will contribute to raising investor confidence in the Nigerian capital markets.

EBA Issues Recommendation On The Use Of The Legal Entity Identifier (LEI) For Supervisory Purposes

Date 29/01/2014

The European Banking Authority (EBA) published today a Recommendation on the use of unique identification codes for supervisory purposes for every credit and financial institution in the European Union. This Recommendation is a major step forward in harmonizing the identification of legal entities, in line with proposals by the Financial Stability Board (FSB) endorsed by the G20, to ensure consistent and comparable data.

SEC: Scottrade Agrees To Pay $2.5 Million And Admits Providing Flawed “Blue Sheet” Trading Data

Date 29/01/2014

The Securities and Exchange Commission today charged Scottrade with failing to provide the agency with complete and accurate information about trades done by the firm and its customers, which is commonly called “blue sheet” data.

ADX To Host Market Maker Conference

Date 29/01/2014

Abu Dhabi Securities Exchange (ADX) announced that it will be hosting its first conference for the year 2014 under the theme of "Market Maker".  The conference will take place on Sunday, February 16th at the St. Regis Saadiyat Island Resort, in Abu Dhabi under the patronage and presence of H.E. Nasser Ahmed Al Suwaidi, Chairman of Abu Dhabi Securities Exchange.

SEC Charges Chicago-Based Accountant With Insider Trading In Wife’s Account

Date 29/01/2014

The Securities and Exchange Commission today announced charges against the former director of internal audit at a Chicago-based health care information technology company for insider trading ahead of the release of its financial results and making more than a quarter-million dollars in illicit profits.

NASDAQ OMX Introduces TradeGuard To Expand Access Services Suite Of Risk Management Solutions - A Single Platform For Pre- And Post-Trade Risk Management

Date 29/01/2014

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and its Access Services business today announced TradeGuard, a comprehensive solution for all levels of risk management and an expansion of the enterprise risk management platform formerly known as FTEN. TradeGuard will allow customers to choose from a broad product suite for a range of risk management support, from building a custom risk solution to supplementing internal systems.

World Federation Of Exchanges Publishes 2013 Global Market Highlights - Market Capitalization Growth Rate Up, Bond Turnover Value Down

Date 29/01/2014

The World Federation of Exchanges (WFE), now headquartered in London, announced today the publication of its annual survey of global markets.  The WFE found that for the second consecutive year, the global market capitalization of WFE members has increased, rising 17.4% compared to the 2012 figure of 15.1%.  The rise in global market capitalization had a significant effect on Asia Pacific, where trading volumes surged by 47% in local currency terms; however, the Americas and EAME were not as affected, increasing trading volume by only 1%.

IOSCO Publishes Recommendations Regarding The Protection Of Client Assets

Date 29/01/2014

The International Organization of Securities Commissions (IOSCO) today published the final report onRecommendations Regarding the Protection of Client Assets, which seeks to help regulators improve the supervision of intermediaries holding client assets.

Welcome Address By The CEO Of The Nigerian Stock Exchange, Oscar Onyema, Who Is Represented By Haruna Jalo-Waziri At The Briefing Session On The Corporate Governance Rating System (CGRS) On Wednesday, Janurary 29 2014 At The Nigerian Stock Exchange Event Center

Date 29/01/2014

Protocols

It  gives  me  great  pleasure  to  welcome  everyone  here  to  this  Breakfast Briefing, on the Corporate Governance Rating System (CGRS), which is  a  joint project of The Nigerian Stock Exchange and the Convention on Business  Integrity (CBi). The CBi was  established in 1997