News Centre

SIFMA To Offer Municipal MAAU Signature Page Storage Service

Date 16/07/2018

SIFMA’s Municipal Securities Division announced today it will implement a new structure for its Master Agreement Among Underwriters (MAAU) for negotiated offerings of municipal securities by offering a signature page storage service. Participating firms will sign an acceptance letter to sign on to the multilateral SIFMA MAAU, and SIFMA will publish a list of firms that have accepted the terms of the MAAU on its website. SIFMA is also fully revising the MAAU for the first time in 16 years, and will release the new version in conjunction with the offering of this new structure.

ESMA Defines Standards For The Implementation Of The Securitisation Regulation

Date 16/07/2018

The European Securities and Markets Authority (ESMA) has issued today a first set of technical standards under the Securitisation Regulation (SR) containing both draft regulatory and implementing standards (RTS/ITS).

SEC Charges Oil Company CEO, Board Member With Hiding Personal Loans - Loans From Vendors Helped CEO Meet Margin Calls, Finance Extravagant Lifestyle

Date 16/07/2018

The Securities and Exchange Commission today charged the former CEO of Energy XXI Ltd. with hiding more than $10 million in personal loans that he obtained from company vendors and a candidate for Energy XXI’s board.  At the time of the alleged misconduct, Energy XXI was NASDAQ-listed and one of the largest oil and gas producers on the Gulf of Mexico shelf.  

Intergenerational Challenges: What Mike And The Mechanics Can Teach Us About Pensions - Speech By Christopher Woolard, Executive Director Of Strategy And Competition At The FCA, Delivered At The Pensions Policy Institute, London

Date 16/07/2018

Highlights:

• Demographic shifts and economic trends over the last 30 or so years have remade the social contract across the generations – from the difficulties younger people face getting on the housing ladder, to the need for older people to pay for care for longer.
• The question of how to deal with such challenges is not for the regulator to lead, but rather for democratically elected governments. But we do have a role to play.
• With a broad, complicated remit and finite resources, we have to be targeted in our interventions to yield the best results. So we focus on areas where we can have the biggest impact.
• The aim that unifies our pensions work, whether it’s the Asset Management Market Study, Retirement Outcomes Review or Platforms Market Study, is to ensure consumers have the best outcomes possible in retirement.

CFTC Announces First Whistleblower Award To A Foreign Whistleblower

Date 16/07/2018

The Commodity Futures Trading Commission (CFTC) today announced an award of over $70,000 to a whistleblower who significantly contributed to an ongoing CFTC investigation and led the CFTC to a successful settlement.  The award is the first made by the CFTC’s Whistleblower Program to a whistleblower living in a foreign country and the sixth award to a whistleblower who provided valuable information about violations of the Commodity Exchange Act (CEA). 

FESE Publishes The European Exchange Report 2017

Date 16/07/2018

The FESE European Exchange Report is the only direct source of integrated information on Europe’s exchange industry.

Al Ramz Capital LLC Regrets Falling Short Of DFSA Requirements In 2014

Date 16/07/2018

Al Ramz Capital LLC ("Al Ramz”) notes the DFSA’s decision to fine Al Ramz for failing to fully comply with a DFSA notice to provide information and cooperate during the course of an investigation in 2014 into activities that took place in 2013.

BME: RESTABELL Becomes New Issuer In MARF

Date 16/07/2018

• The restaurant sector company opens a €15-million bond programme

• Restabell brings to 48 the number of companies that have used MARF, BME’s Fixed Income market for SMEs financing  

Thomson Reuters And FINBOURNE To Develop Cloud-Based Portfolio Hosting For Investment Managers - Strategic Agreement To Build-Out Solution Enabling In-House And Third-Party Vendors To Manage Client-Portfolios Via Cloud Access.

Date 16/07/2018

Thomson Reuters today announced a partnership agreement with London-headquartered FINBOURNE Technology to use FINBOURNE’s cloud-based advanced investment management platform, LUSID®, for Thomson Reuters client and transaction data. LUSID is an event-based ledger with published APIs that allow in-house and third-party solutions to interface with portfolios, holdings or transactions. The partnership is designed to benefit customers by offering increased cost efficiency, better management of data used for compliance efforts and bolster struggling legacy investment-management systems. It builds on Thomson Reuters open-platform strategy, which seeks to meet customer needs by providing open access to in-house solutions as well as to partnered solutions. 

IPC Continues To Shatter Waters Rankings Records With New 2018 Wins - IPC's Unigy Takes 'Best Trading Floor Communication System Provider' For Thirteenth Time And Unigy 360 Captures 'Best Cloud Infrastructure Provider'

Date 16/07/2018

IPC, a leading global provider of secure, compliant communications and networking solutions for global financial market participants, has won the highest rankings by the financial markets industry in the 2018 Waters Rankings, with its cloud-based SaaS Unigy 360 platform capturing the "Best Cloud Infrastructure Provider" category, and its Unigy platform securing "Best Trading Floor Communication System Provider." This marks the first time Unigy 360 has been recognized in the Waters Rankings -- last year's "Best Cloud Infrastructure Provider" was Amazon Web Services.  In addition, Unigy has broken all records for repeated wins in a single category and this marks the thirteenth time as "Best Trading Floor Communication System Provider" in the 16 years of the Waters Technology readers' choice awards competition.