News Centre

EBA Publishes Its First Thematic Review On The Transparency And Level Of Fees And Charges For Retail Banking Products In The EU, Observing That Significant Detriment Still Arises For Consumers

Date 14/12/2022

​The European Banking Authority (EBA) published today a thematic review on the transparency and level of fees and charges levied by financial institutions (FIs) on the retail banking products in the EU. Overall, the review finds that fees and charges vary greatly in terms of level and type not only across the European Union (EU) market, but also across FIs within the same jurisdiction. Furthermore, the variety of types for fees and charges cause different levels of detriment to consumers, and, with the exception of payment accounts, fees and charges are difficult to compare between providers. 

BIS - The Lion's Share: Evidence From Federal Contracts On The Value Of Political Connections

Date 14/12/2022

Summary

Focus 

Corporations and governments frequently interact. Perhaps most notably, corporations provide goods and services to governments through procurement contracts. What is the value for firms of establishing political connections to facilitate these interactions?

Borsa İstanbul’s Opening Bell Rang For Birikim Varlık

Date 14/12/2022

The Initial Public Offering of Birikim Varlık Yönetim A.Ş. has been completed. Company shares listed on Borsa İstanbul started trading on BIST MAIN with a base price of 14.20 TL, the ticker code “BRKVY” and the continuous trading method.

CME Group's Micro WTI Options Volume Surpasses 100,000 Contracts Traded

Date 14/12/2022

CME Group, the world's leading derivatives marketplace, today announced that Micro WTI options volume surpassed 100,000 contracts on December 13, 2022.

ICE Announces a Unique Wealth Management Platform Integration with BNY Mellon | Pershing

Date 14/12/2022

Intercontinental Exchange, Inc., a leading global provider of data, technology and market infrastructure, and BNY Mellon | Pershing, a leading provider of clearing and custody solutions, announced today that the web-based version of the ICE Connect wealth management platform has been integrated into BNY Mellon | Pershing’s clearing and custody platform NetX360+®. Davenport & Company, one of the oldest, employee-owned financial services firms in the U.S., is the first client to migrate over 250 advisors to the new integrated solution.

EBA Consults On Guidelines On The Overall Recovery Capacity In Recovery Planning

Date 14/12/2022

The European Banking Authority (EBA) today published a consultation paper on its draft Guidelines on the overall recovery capacity (ORC) in recovery planning. The Guidelines aim to set up a consistent framework for the determination of the ORC by institutions in their recovery plans and the respective assessment by competent authorities. The consultation runs until 14 March 2023. 

SEC Charges Eight Social Media Influencers In $100 Million Stock Manipulation Scheme Promoted On Discord And Twitter

Date 14/12/2022

The Securities and Exchange Commission today announced charges against eight individuals in a $100 million securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks.

CME Group Announces 2023 Annual Meeting Date

Date 14/12/2022

CME Group Inc. (NASDAQ: CME), the world's leading derivatives marketplace, today announced it will conduct its 2023 annual meeting of shareholders at 10:00 a.m. Central Time on Thursday, May 4, 2023. Additional information will be provided in the company's proxy statement.

Borsa Istanbul: Announcement About The Changes In The BIST Gold Denominated Indices Methodology

Date 14/12/2022

Please click for the relevant Announcement.

FSB Proposes Strengthening The Liquidity Management Framework For Open-Ended Funds

Date 14/12/2022

The Financial Stability Board (FSB) today published its Assessment of the effectiveness of the FSB’s 2017 recommendations on liquidity mismatch in open-ended funds (OEFs). The assessment, which forms part of the FSB’s work programme to enhance the resilience of non-bank financial intermediation (NBFI), includes proposals for further policy work in this area.