News Centre

Finansinspektionen: SEB Receives An Administrative Fine For Deficiencies In Its Work To Combat Anti-Money Laundering In The Baltics

Date 25/06/2020

SEB has not sufficiently identified the risk of money laundering in its Baltic operations and has had deficiencies in its governance and control of the Baltic subsidiary banks’ anti-money laundering measures. SEB is therefore being issued a remark and an administrative fine of SEK 1 billion.

US Financial Regulators Modify Volcker Rule

Date 25/06/2020

Five federal regulatory agencies today finalized a rule modifying the Volcker rule's prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as covered funds. The final rule is broadly similar to the proposed rule from January.

UK Financial Conduct Authority: EBA Guidelines On ICT And Security Risk Management

Date 25/06/2020

On 28 November 2019, the European Banking Authority (EBA) published final Guidelines(link is external) on ICT and security risk management for credit institutions, investment firms and payment service providers (PSPs) ('the Guidelines'). The FCA has notified the EBA that it intends to comply with these Guidelines.

Bank Of England: Record Of The Financial Policy Committee - June 2020

Date 25/06/2020

This is the Record of the Financial Policy Committee covering decisions taken since 7 May 2020.

Bank Of England: Response To The Remit For The Financial Policy Committee - June 2020

Date 25/06/2020

Letter from the Governor to the Chancellor

Borsa İstanbul Announces Constituent Changes To The BIST-KYD Fund Indices For The Third Quarter Of 2020

Date 25/06/2020

Referring to article 3.3. of the BIST-KYD Indices Ground Rules, constituent changes to the BIST-KYD Fixed Income Fund Index and BIST-KYD Equity Fund Index for the third quarter of 2020 are determined. All changes will be effective on July 1, 2020.

LEX Selects Nasdaq To Power Groundbreaking Commercial Real Estate Securities Trading Platform - Nasdaq’s Market Technology, The Backbone Of 120+ Global Market Operators, Will Power LEX’s Platform And Bring New Sophistication To LEX’s Real Estate Securities Trading Venue

Date 25/06/2020

LEX, the leading commercial real estate securities marketplace that enables accredited and unaccredited investors to invest in individual properties, today announced it has partnered with Nasdaq to power its trading platform. LEX will leverage the cloud matching service via the Nasdaq Marketplace Services Platform to provide the same robust, low latency and high-performance trading features used by 120+ global market operators around the world. The technology partnership sets a new market infrastructure standard for trading real estate securities and establishes an exclusive trading venue for commercial real estate securities.

Hedge Funds Largely Ignore €1.6bn Payday To Hit Jackpot As Wirecard Begins Insolvency Proceedings

Date 25/06/2020

• Analysis by Ortex shows that only 12.5% of short positions have been closed in the past week, leaving 16.8m (15% of total freefloat) shorted
• The equity analytics platform estimated that open short positions were worth at least €1.6bn at the start of the crisis; hedge funds now stand to gain significantly more
• A number of hedge funds have maintained or increased their short positions in the past week, including Slate Path Capital, Samlyn Capital, Coatue Management, Maverick Capital, Coltrane Asset Management

LSEG Appoints Anna Manz As Chief Financial Officer

Date 25/06/2020

London Stock Exchange Group (LSEG) announces today that Anna Manz will join as Chief Financial Officer and a member of the Board of LSEG plc on 21 November, reporting to David Schwimmer, CEO, LSEG. She succeeds David Warren who announced in October 2019 his intention to retire from the Group and to step down from the Board by the end of 2020. David Warren will step down as Chief Financial Officer and Executive Director when Anna starts, remaining with the Group until his retirement date of 24 June 2021 to ensure a seamless transition. 

Europe Hardest Hit In GDP Expectations…Italy Leading The Way…

Date 25/06/2020

Key Points:

• Italy 2020 real GDP growth of -9.2%
• UK one of hardest hit advanced economies
• Argentina & Brazil GDP expectations worst in emerging economies
• Turkey unemployment rate to reach 16.0%
• Followed by Brazil in 2nd place