News Centre

SEC Chairman Confirms Dodd-Frank Act Whistleblower Program Is An “Invaluable Component” For Successful Securities Fraud “Enforcement Efforts”

Date 18/11/2019

In a statement issued last Friday, November 15, 2019, the Chairman of the U.S. Securities and Exchange Commission (“SEC”), Mr. Jay Clayton, praised the Dodd-Frank Act’s whistleblower reward law, acknowledging that the whistleblower program was an “invaluable component” to the Commission’s “enforcement efforts.” 

MTS Launches First Electronic Trading Platform For Cypriot Government Bonds

Date 18/11/2019

• Launch marks first designated electronic trading venue for Cypriot government bonds
• Seven primary dealers acting as liquidity providers for the platform
• Trading platform has gone live today, 18 November 2019
• MTS Cash offers trading across 21 Government Debt markets

PIMFA Launches Mental And Financial Wellbeing Campaign

Date 18/11/2019

PIMFA – the trade association for personal investment managers and financial advisers – has today launched their ‘Financial Journeys Campaign’ to help highlight the importance and link between financial and mental wellbeing.

Moscow Exchange: Risk Parameters Change For The Security YNDX

Date 18/11/2019

As per the Securities market risk parameters methodology, on 18.11.2019, 17-35 (MSK) the upper bound of the price band and initial margins (up to 25 %) for the security YNDX were changed. New values are available here

Eurex Clearing Clears First €STR Swap Trades - Important Milestone In Establishing €STR As The New Benchmark Risk-Free Rate

Date 18/11/2019

Eurex Clearing, one of the leading central counterparties (CCPs) globally and part of Deutsche Börse Group, has cleared its first €STR swap trades. The clearing of these euro-denominated swaps is an important milestone in both the establishment of €STR as the new benchmark risk-free rate, and in expanding Eurex’s EUR-denominated product offering.

Al Mawared Brokerage's Amman Stock Exchange Weekly Report, 18 November 2019

Date 18/11/2019

 Click here to download Al Mawared Brokerage's weekly report on the Amman Stock Exchange (ASE). The Report is designed to give an overview of developments in the Jordan Capital Markets as well as ASE performance indicators.

Open Finance: An Opportunity For Financial Services, Speech By Sheldon Mills, Director Of Competition At The FCA, Delivered At The Investments And Savings Alliance (TISA) Open Finance Conference, London

Date 18/11/2019

Highlights

• Open Finance has the potential  to improve access within Financial Services, and could substantively change the nature of competition.
• Open Finance is part of a broader data-sharing initiative and will require coordination and consistency across sectors.
• We want Open Finance to develop in a competitive environment where the right incentives exist for all players to participate, and which delivers good outcomes for consumers.

ACER Suspends Processing Of Pending Applications For Registration Of REMIT Reporting Parties

Date 18/11/2019

A level of resources incommensurate to its demanding workload, particularly with regard to its activities under the Regulation on wholesale energy market integrity and transparency (REMIT) has finally forced the European Union Agency for the Cooperation of Energy Regulators (ACER) to suspend, with immediate effect, the processing of the pending applications for registration of reporting parties as Registered Reporting Mechanisms (RRMs).

UK Financial Conduct Authority And UK Prudential Regulation Authority Publish Decision Notices Given To Former CEO Who Paid Excessive Remuneration To His Wife To Reduce His Tax Liability

Date 18/11/2019

The Financial Conduct Authority (‘FCA’) and the Prudential Regulation Authority (‘PRA’) have decided to ban and fine Stuart Malcolm Forsyth, the former CEO of a small mutual insurer, £78,318 and £76,180 respectively. The regulators’ respective decision-making committees found, following a joint investigation, that between February 2010 and July 2016 Mr Forsyth transferred excessive amounts of his own remuneration to his wife to reduce his own tax liability and took steps to conceal that arrangement.

DTCC Delivers Beta Version Of FRTB Data Service To Provide Real Insight On The Potential Impact Of New Capital Framework - Service Developed In Collaboration With Over 30 Pilot Members That Trade OTC Derivatives Around The World

Date 18/11/2019

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the availability of a beta version of its FRTB Real Price Observations Data Service. The service will enable the mapping of risk factors to a pool of global derivatives data to gain insight on modellability results in accordance with the Fundamental Review of the Trading Book (FRTB) framework. DTCC developed the FRTB service in collaboration with over 30 pilot members, including every leading bank that trades over-the-counter (OTC) derivatives around the world.