News Centre

US Department Of Justice Antitrust Division Seeks Public Comments On Updating Bank Merger Review Analysis

Date 01/09/2020

The Department of Justice’s Antitrust Division announced today that it is seeking public comments into whether the division should revise the 1995 Bank Merger Competitive Review guidelines (“Banking Guidelines”) to reflect emerging trends in the banking and financial services sector and modernize its approach to bank merger review under the antitrust laws. Today’s announcement is part-and-parcel of the division’s broader efforts and increased focus on protecting competition in the financial markets and follows the recent remarks and announcement by Assistant Attorney General for the Antitrust Division Makan Delrahim, concerning the realignment of commodities at the division.

SEC Investor Advisory Committee To Meet Virtually On September 24

Date 01/09/2020

The Securities and Exchange Commission's Investor Advisory Committee will hold a virtual public meeting on September 24, 2020.  The meeting will begin at 10 a.m. ET, is open to the public via live webcast, and will be archived on the Committee's website for later viewing.

Bringing The Statement On Longer-Run Goals And Monetary Policy Strategy Into Alignment With Longer-Run Changes In The Economy, Federal Reserve Governor Lael Brainard - At "How The Fed Will Respond To The COVID-19 Recession In An Era Of Low Rates And Low Inflation," An Event Hosted By The Hutchins Center On Fiscal And Monetary Policy At The Brookings Institution, Washington, D.C. (Via Webcast)

Date 01/09/2020

I want to thank David Wessel for hosting this event. It is an honor to be here with Ben Bernanke and Janet Yellen, who pioneered the original Statement on Longer-Run Goals and Monetary Policy Strategy in 2012. It is a pleasure to discuss the new statement, unanimously approved by the Federal Open Market Committee (FOMC) last week.1 By bringing our longer-run goals and strategy into alignment with key longer-run changes in the economy, the new statement will strengthen our support for the recovery. In my view, the new statement breaks important ground and will serve the country well as we respond to the economic repercussions of the COVID-19 crisis.

Revised Lists Of The Moscow Exchange Indices Announced

Date 01/09/2020

Moscow Exchange announced the results of the quarterly review for MOEX indices. All changes were made upon recommendations from the Index Committee and will be implemented from 18 September 2020. The Exchange has also set free floats for a number of companies.

US Federal Agencies Extend Comment Period On Proposed Revisions To Interagency Questions And Answers Regarding Flood Insurance

Date 01/09/2020

Five federal regulatory agencies today announced they will extend the comment period on a proposal to revise the Interagency Questions and Answers Regarding Flood Insurance (Interagency Questions and Answers) until November 3, 2020.

SEC Awards Over $2.5 Million To Joint Whistleblowers For Detailed Analysis That Led To Multiple Successful Action

Date 01/09/2020

The Securities and Exchange Commission today announced an award of over $2.5 million to joint whistleblowers whose tip based largely on highly probative independent analysis of a public company’s filings led to several successful enforcement actions.  In addition to their tip, the whistleblowers provided helpful assistance early in the investigation, which helped save Commission time and resources. 

EBA Publishes Its 2019 Annual Report On Resolution Colleges

Date 01/09/2020

The European Banking Authority (EBA) published today its Annual Report on resolution colleges for 2019. The Report sets out the EBA’s observations on the efficiency, effectiveness and consistency of the functioning of resolution colleges during the year and the progress achieved in key areas of resolution planning. It also highlights the main areas that the EBA will monitor in 2020, which primarily address responses to the effects of the Covid-19 pandemic. Overall, the Report shows that resolution colleges continue to be an active forum for resolution authorities in the development of resolution plans for cross-border banking groups, where the intensity and quality of cooperation and dialogue has also improved.

SIX Trading Key Figures: August 2020

Date 01/09/2020

In August 2020 trading turnover on the Swiss Stock Exchange was down 19.5% compared to the previous month and reached CHF 96.0 billion, while the number of transactions decreased by 17.4% to a total of 6,082,527. In comparison with the corresponding period last year, trading turnover was up by 28.4% to reach CHF 1,236.2 billion, while the number of trades rose by 74.1% to a total of 69,865,927. The SMI® rose by 1.3% and reached 10,135.6 points at the end of August.

François-Louis Michaud Starts Today As New EBA Executive Director

Date 01/09/2020

François-Louis Michaud has started today his new role as Executive Director of the European Banking Authority (EBA). Michaud, who was confirmed in this role after a plenary vote in the European Parliament on 8 July 2020, will serve a five-year renewable term.

SIX Welcomes New Trading Participant - Credit Suisse International Joins The Swiss Stock Exchange, The Highly Liquid Reference Market For Swiss Securities

Date 01/09/2020

Today, Credit Suisse International started trading on SIX. Gregor Braun, Head Sales Switzerland & Europe, commented: “We are happy to welcome our new member and wish him successful trading on the Swiss Stock Exchange.” At present, 94 participants enjoy the outstanding order book quality as well as the technologically leading and reliable trading infrastructure of the Swiss Stock Exchange.