News Centre

Erica Elliott Richardson, External Affairs Director, To Leave CFTC

Date 09/07/2019

The Commodity Futures Trading Commission (CFTC) announced today that Erica Elliott Richardson, Director of the CFTC’s Office of External Affairs (OEA), will leave the agency later this summer.

Bovill Response To FCA Annual Report

Date 09/07/2019

Bovill, the international financial regulatory consultancy, repsonds to the FCA's 2018/19 Annual Report.

KYC Solutions Provider Encompass Corporation Comments On FCA Anti-Money Laundering Annual Report 2018/19

Date 09/07/2019

Henry Balani, Head of Solutions Consulting, Encompass Corporation cooments:

From this report, it is clear that the FCA is taking real action across the board when it comes to tackling money laundering.

BME: MARF Registers A € 100 Million Bond Issue By TUBACEX Which Increases Its Presence In This Market

Date 09/07/2019

• The company, which already has a €150-million Commercial Paper Programme, again relies on this BME market for its long term issues

CME July Rates Recap Features Eris Growth

Date 09/07/2019

Nasdaq And LBMA Expand Access To Precious Metals Data - Daily Data Empowers Market Participants To Gauge The Precious Metals Market

Date 09/07/2019

Nasdaq (Nasdaq: NDAQ) and LBMA today announced an expansion of data available to the precious metals market, providing greater transparency to this important industry. The LBMA-i Service has been expanded to include daily market information on platinum and palladium, joining existing daily data sets for gold and silver. All market participants now have access to data that provide comprehensive views of the precious metals market on a daily basis.

EBA Publishes Report On Progress Made On Its Roadmap To Repair IRB Models

Date 09/07/2019

The European Banking Authority (EBA) published today a progress report on the roadmap set out in 2016 to repair internal models used to calculate own funds requirements for credit risk under the Internal Ratings Based (IRB) approach. The roadmap aims to address the concerns about undue variability of own funds requirements and to restore trust in IRB models by ensuring comparability of the estimates of risk parameters, while retaining their risk sensitivity. This report marks the finalisation of the IRB regulatory review and provides clarity on the next steps.

Allison Herren Lee Sworn In As SEC Commissioner

Date 09/07/2019

Allison Herren Lee was sworn into office on July 8 as an SEC Commissioner.

UBS MTF Market Notice Double Volume Cap Update

Date 09/07/2019

Following the ESMA update published on 5 July, UBS MTF would like to inform you of upcoming double volume cap suspension changes this week.

ESAs Publish Recommendations On The Supervision Of Retail Financial Services Provided Across Borders

Date 09/07/2019

The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today a Report on the cross-border supervision of retail financial services. In this report, the ESAs identified the main issues that national competent authorities (NCAs) face when supervising financial institutions that provide cross-border retail financial services within the EU and make recommendations to both NCAs and EU institutions on how to address them. In particular, the Report calls for more clarity on when activities carried out through digital means fall under passporting rules, and for considering the identified high-level principles on cooperation as the basis for any new legislation or possible amendment to current legislation.