News Centre

21.6 Million Crude Oil Barrels Auctioned On Dubai Mercantile Exchange, With $13.7 Million Of Premium Generated - The Exchange Concluded Its Latest Basrah Light Auction On 20 September 2017

Date 20/09/2017

Dubai Mercantile Exchange, the premier international energy futures and commodities exchange in the Middle East, concluded its latest auction on Wednesday 20 September 2017, on behalf of Iraq’s National Oil Company, SOMO.

Moscow Exchange Forum Returns To New York

Date 20/09/2017

Moscow Exchange, Russia’s main public marketplace for trading in equities, bonds, derivatives, money markets and FX, will again convene Moscow Exchange Forum: New York Session on 11-12 October 2017.  The event, being organized in partnership with Citi, will bring together several hundred delegates to hear from captains of Russian industry, leading equity and fixed income fund managers and senior Russian policymakers. More than a dozen publicly traded corporations will hold one-on-one meetings with U.S. investment funds.

EBA Welcomes The Commission Proposal To Strengthen The Framework For Its Operation

Date 20/09/2017

The European Banking Authority (EBA) welcomed today the European Commission's proposal to adjust and upgrade its current framework to ensure the Authority is adequately equipped in terms of powers, governance and funding. In particular, the EBA welcomes its strengthened competencies in the areas of supervisory convergence and mediation, supporting the EBA's enhanced focus on more integrated and consistent supervisory processes and outcomes in the Single Market. 

A Better View: Speech By Mark Steward, Director Of Enforcement And Market Oversight At The FCA, Delivered At The AFME European Compliance And Legal Conference 2017

Date 20/09/2017

Highlights:

• There has been an approximate 75% increase in the number of FCA investigations over the past year, as a result of three factors:

1. more investigations into capital market disclosure issues
2. the extension in scope of the reporting regime for firms, brought about by MAR, which has given the FCA a richer and more varied market picture, leading to more cases being selected for investigation
3. the FCA’s change in approach when deciding whether to open an investigation

• MiFID II, and improvements in the FCA’s capacity to collect and aggregate order book data from all venues, will allow the FCA to understand the markets it supervises with much greater precision, detect serious misconduct earlier, and improve its policy assessments.
• The FCA will act proportionately, when deciding whether to take enforcement action against firms covered by MiFID II, which have not transitioned in time for 3 January 2018.   

CISI Accredits New Training Provider Supporting Financial Services Professionalism Growth Across Africa

Date 20/09/2017

The Chartered Institute for Securities & Investment (CISI) is delighted to announce the signing of an agreement with Compliance and Risk Consultancy Ltd, (CRC) to promote and train for CISI qualifications across Africa.  

Payment, Tech Companies May Give Banks A Run For The Money As Consumers Grow Comfortable Using Them For Financial Activities - Fiserv Research Highlights Implications Of Consumer Behavior For Financial Service Delivery

Date 20/09/2017

The latest Expectations & Experiences consumer trends survey from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, finds a substantial number of consumers are comfortable using nonfinancial providers for essential activities such as paying bills, transferring money to others, and taking out loans. The survey also found notable adoption of voice-activated technology, with half of consumers using a voice-activated device feature within the past year, and over a quarter of those using it for a banking function within the past 30 days.

CISI Announces MiFID II Seminar Partnership With Thomson Reuters

Date 20/09/2017

With the deadline for MiFID II implementation fast approaching (3 January 2018), the Chartered Institute for Securities & Investment (CISI) has noticed an increase in demand from its member firms for additional education on this specialist area, outside of its core CPD programme.

Culture And Conduct - Extending The Accountability Regime - Speech By Jonathan Davidson, Director Of Supervision – Retail And Authorisations At The FCA, Delivered At City And Financial Summit, London

Date 20/09/2017

Key points

• Cultural change requires individual engagement and accountability.
• Culture may not be measurable, but it is manageable, for example through incentives and governance.
• We want consumers to understand the FCA’s expectations around culture in firms and feel able to speak up when standards aren’t met.
• An ethical culture can be more powerful than one based solely on financial incentives.

Nasdaq To Hold A Moment Of Silence For The Mexico Earthquake Victims

Date 20/09/2017

What: 
The Nasdaq Tower in Times Square will be displaying a message honoring the victims and families in Mexico effected by the earthquake.

When: September 20, 2017; 9:20-9:21 am. E.T.

Tehran Stock Exchange Weekly Market Review From 16 September 2017 To 20 September 2017

Date 20/09/2017

Click here to download Tehran Stock Exchange's weekly market review.