News Centre

The Amman Stock Exchange Hosts The Sharia Advisory Committee

Date 25/02/2019

On the occasion of approving the Sharia and Accounting Standards to classify the listed companies at the Amman Stock Exchange ASE according to the compatibility with Islamic Sharia. The ASE hosted the Sharia Advisory Committee in the periodic celebration of ring the bell on Monday, 25/2/2019,  this event came according to the decision of the High Council for Fatwa, Research and Islamic Studies to approve the Sharia and Accounting Standards in its meeting that held on 31/1/2019 with the presence of Dr. Jawad Anani, the ASE's chairman of the Board of Directors, Mr. Nader Azar, the ASE's CEO and the ASE's Executive Management,  where in the end of the celebration Dr. Anani gave the committee members memorial shields.

EBA Publishes Revised Guidelines On Outsourcing Arrangements

Date 25/02/2019

The European Banking Authority (EBA) published today its revised Guidelines on outsourcing arrangements setting out specific provisions for the governance frameworks of all financial institutions within the scope of the EBA's mandate with regard to their outsourcing arrangements and related supervisory expectations and processes. The aim of the Guidelines is to establish a more harmonised framework for these financial institutions, namely credit institutions and investment firms subject to the Capital Requirements Directive (CRD), as well as payment and electronic money institutions. The recommendation on outsourcing to cloud service providers, published in December 2017, has also been integrated into the Guidelines.

In CFTC Action, Former Trader Krishna Mohan Admits To Engaging In Spoofing And Manipulative Scheme At A Proprietary Trading Firm - CFTC Order Recognizes Mohan’s Entry Into A Cooperation Agreement With The Division Of Enforcement

Date 25/02/2019

The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Krishna Mohan (Mohan), in which Mohan admits to engaging in manipulative and deceptive schemes, along with other individuals, which involved thousands of acts of spoofing (bidding or offering with the intent to cancel the bid or offer before execution) in a variety of futures contracts traded on the Chicago Mercantile Exchange and Chicago Board of Trade. The Order finds that Mohan engaged in this unlawful activity while trading for his former employer, a proprietary trading firm named as “Firm A” in the Order.    

Confluence Successfully Readies Clients For First Form N-PORT Filings In April 2019

Date 25/02/2019

Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, today announced that their clients - fund administrators and asset managers servicing or managing over 75% of ’40 Act funds - are on target to meet their first Form N-PORT filing deadline, arriving in April 2019.

GPW: Change Of The Tick Size Of Futures As Of 4 March 2019

Date 25/02/2019

• Single-stock futures and currency futures will be listed on GPW with a precision of four decimal places (PLN 0.0001) as of 4 March 2019
• The trading unit of currency futures will change, as well

“The Market Now Acknowledges The Benefits Of Cleared Markets” - Eurex Clearing’s Teo Floor, Vice Chairman Of The Executive Committee Of CCP12, Speaks About The Latest CCP12 Report

Date 25/02/2019

CCP12 is a global association of clearing organizations and CCPs. The members “work together on issues of mutual interest and benefit to minimise global systemic risk and enhance the efficiency and effectiveness of international markets.” CCP12 has just published a report on Incentives for central clearing and the evolution of OTC derivatives.

GPW: Change Of The Precision Of The Tick Size Of Shares And ETFs As Of 4 March 2019

Date 25/02/2019

• GPW changes the tick size of shares and ETFs as of 4 March 2019
• Prices of shares and ETFs will be determined with a precision of four decimal places (PLN 0.0001)
• The new tick sizes are introduced to ensure alignment of the Polish market with European standards
• The new tick sizes will apply to all shares on the Main Market and NewConnect

Aite Group Announces The Launch Of A New Cybersecurity Practice - Head Of Research And Consulting Gwenn Bézard Will Help Expand The Firm's Reach To The Cybersecurity Industry.

Date 25/02/2019

Aite Group, an independent research and advisory firm focused on business, technology, and compliance issues in financial services, has announced the launch of a new practice, Cybersecurity. The Cybersecurity practice will support information security executives and the technology vendor community with practical research into the best practices and technical solutions that can strengthen the cyber risk profile of financial institutions, insurance companies, payment processors, merchants, and healthcare industry stakeholders.

Q&A EU-League Of Arab States Summit, 23 Feb 2019, Sharm El Sheikh, Including Tusk And Juncker On Brexit Delay

Date 25/02/2019

Q&A Following The EU-League Of Arab States Summit, 23 February 2019, Sharm El Sheikh, Including Tusk And Juncker On Brexit Delay.

Office Of The Comptroller Of The Currency Bulletin - Volcker Rule: Notice Of Proposed Rulemaking

Date 25/02/2019

Summary

The OCC and other federal financial agencies published a notice of proposed rulemaking in the Federal Register to implement amendments to the Volcker Rule contained in sections 203 and 204 of the Economic Growth, Regulatory Relief, and Consumer Protection Act. The agencies will accept comments on this notice of proposed rulemaking through March 11, 2019.