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  • ESAs Publish Draft Technical Standards To Strengthen Group-Wide Management Of Money Laundering And Terrorist Financing Risks

    Date 06/12/2017

    The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today its draft regulatory technical standards (RTS) specifying how credit and financial institutions should manage money laundering and terrorist financing (ML/TF) risks at group level where they have branches or majority-owned subsidiaries based in third countries whose laws do not permit the application of group-wide policies and procedures on anti-money laundering and countering the financing of terrorism (AML/CFT).‎ These RTS are part of the ESAs' wider work on fostering a common approach to AML/CFT and will contribute to creating a level playing field across the European Union's financial sector.

  • London Stock Exchange welcomes Indian Railway Finance Corporation’s (IRFC) First Green Bond

    Date 06/12/2017

    • Indian Railway Finance Corporation (IRFC) issues $500 million green bond on London Stock Exchange’s new International Securities Market (ISM)
    • Sixth green bond by an Indian issuer on London Stock Exchange
    • London Stock Exchange welcomes IRFC Managing Director and Director of Finance to celebrate the launch of the debut green bond
    • Reinforces London’s status as most international financial centre and India’s funding partner of choice

  • EBA Closes Breach Of Union Law Investigation Against DNB And Will Monitor Transitional Measures Adopted To Redress The Case

    Date 06/12/2017

    The Breach of Union Law Panel of the European Banking Authority (EBA) decided to close the breach of Union Law investigation (BUL) on Dutch supervisory regime governing proprietary traders it had opened against the Dutch Central Bank (DNB). The BUL panel's conclusion followed the decision taken by the DNB on 13 November 2017 to redress the breach of Union law by terminating the current national prudential framework for traders for own account. The DNB will notify the EBA on capital conservation plans adopted by the firms concerned and the EBA will monitor the application of these transitional measures.

  • Irish Stock Exchange: Mexican Global Building Materials Company, CEMEX, Lists On GEM

    Date 06/12/2017

    CEMEX, the Mexican global building materials company, lists additional notes valued at €650m on the Global Exchange Market (GEM) of the Irish Stock Exchange (ISE). The notes, with a 2.75% interest rate, have a maturity date of December 2024. CEMEX and some of its subsidiaries already have multiple bonds listing on the ISE.

  • Susan Swart To Stand Down As Chief Information Officer Of The International Monetary Fund

    Date 06/12/2017

    Susan Swart, the International Monetary Fund’s (IMF) Chief Information Officer and Director of its Information Technology Department (ITD), has decided to leave the Fund in early 2018 for personal reasons. Ms. Swart joined the IMF in June 2012, following a distinguished career at the U.S. State Department.