News Centre

FINRA, Cboe, Nasdaq, NYSE And Affiliated Exchanges Fine Credit Suisse Securities $6.5 Million For Supervision And Market Access Rule Violations

Date 23/12/2019

FINRA, Cboe Global Markets, The Nasdaq Stock Market LLC, the New York Stock Exchange, and their affiliated Exchanges (collectively, “Exchanges”) today announced that they censured Credit Suisse Securities (USA) LLC, and fined the firm a total of $6.5 million for supervisory violations and violations of various provisions of Rule 15c3-5 of the Securities Exchange Act of 1934 (known as the Market Access Rule). The fine was apportioned among FINRA and the Exchanges.

New York Financial Services Superintendent Linda A. Lacewell Announces Action To Ensure Regulated Financial Institutions Are Prepared For LIBOR Transition - Key Global Reference Rate Unlikely To Continue Past The End Of 2021 - New York State Department Of Financial Services Directs Depository And Non-Depository Institutions, Insurers And Pension Funds To Submit Plans For Managing Risks, Advises Preparation For Transition To Alternative Reference Rates

Date 23/12/2019

Financial Services Superintendent Linda A. Lacewell today announced that the New York State Department of Financial Services (DFS) is directing New York-regulated depository and non-depository institutions, insurers and pension funds to submit their plans for managing the risks relating to the likely discontinuation of the London Interbank Offered Rate (LIBOR) at the end of 2021.

Finansinspektionen: Clarification On The Impact For Swedish Banks From Revised Basel Standards

Date 23/12/2019

In relation to the report published by the European Banking Authority (EBA) in August Finansinspektionen would like to make the following clarification on the impact for Swedish banks of the revised Basel standards. According to Finansinspektionen’s calculation, the increase in tier 1 minimum required capital would be about 30 per cent instead of 53 per cent as shown in the report from the EBA (keeping the assumptions and methodology set by EBA, but taking into account the current Swedish mortgage floor for the current risk-weighted assets).

FTSE Russell Expands Sustainable Investment Analysis In China And Japan

Date 23/12/2019

• Approx. 800 China A Share securities now included in sustainable investment analysis covering climate, screenings and ESG Ratings
• Expansion of small cap coverage increases Japan research universe to approx. 1300 securities
• Sustainable investment analysis now includes over 4300 securities across Asia-Pacific region 

Moscow Exchange: Risk Parameters Change For The Security SNGS

Date 23/12/2019

ESMA Closed From 24 December 2019 – 2 January 2020

Date 23/12/2019

The European Securities and Markets Authority (ESMA) is closed for the Christmas and New Year break and will reopen on Friday 3 January 2020.

Intercontinental Exchange Appoints Mike Blandina As CEO Of Bakkt And Adam White As President Of Bakkt - Leadership Team Provides Strong Continuity To Build On Company’s Early Achievements

Date 23/12/2019

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, has appointed Mike Blandina as CEO of Bakkt, the digital assets trading and payments platform that is majority-owned by ICE. Adam White will serve as President of the company. The appointments took effect December 20, following the departure of founding CEO Kelly Loeffler, who has been appointed to the United States Senate to fill the seat of retiring Sen. Johnny Isakson.

The Saudi Stock Exchange (Tadawul) Announces Indices Maintenance For The 4th Quarter 2019

Date 23/12/2019

The Saudi Stock Exchange (Tadawul) announces the update of the free float shares for all companies, effective from the start of trading on Sunday, 29/12/2019. Moreover, the following companies will be included to Tadawul All Share Index (TASI), and Industry Group indices:
1- Alujain Corp. (Materials).
2- Al Kathiri Holding Co. (Materials).
3- Thob Al Aseel Co. (Consumer Durables & Apparel).
4- Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Retailing).
5- Raydan Food Co. (Consumer Services).
6- Baazeem Trading Co. (Retailing).

CETIF – Cattolica University, SIA And Reply Launch The National Project For The Management Of Sureties Using Blockchain Technology

Date 23/12/2019

• System experimentation will start in January 2020, in collaboration with Bank of Italy and IVASS, with the involvement of insurance companies, banks, financial institutions, public sector bodies and corporates
• The goal – significantly reduce the number of frauds (1.6 billion in the last 4 years) while generating efficiency by dematerializing documents, thus facilitating information sharing among the players involved

UK Prudential Regulation Authority Announces Special Requirements Regarding Whistleblowing Systems And Controls At The Society Of Lloyd’s

Date 23/12/2019

Following the Society of Lloyd’s self-identification and disclosure to the PRA that aspects of its internal whistleblowing systems and controls had been ineffective for a period of time, the PRA has concluded that these arrangements require enhanced monitoring and scrutiny.