News Centre

ESMA: Listed Issuers Must Focus On New IFRS Standards In 2017 Annual Financial Reports

Date 27/10/2017

The European Securities and Markets Authority (ESMA) today published the priorities to be considered by listed companies, and their auditors, when preparing and auditing their 2017 financial statements. These priorities are set out in the annual Public Statement on European Common Enforcement Priorities (Statement), through which ESMA promotes the consistent application of the International Financial Reporting Standards (IFRS).  

Office Of The Comptroller Of The Currency Bulletin: Annual Stress Test: Notice Of Proposed Rulemaking - Technical And Conforming Changes

Date 27/10/2017

Summary

The Office of the Comptroller of the Currency (OCC) proposes to implement several technical and conforming changes to the OCC’s Annual Stress Test rule (12 CFR 46). The proposed rule would change the range of possible “as-of” dates used in the global market shock component to conform to changes recently made by the Board of Governors of the Federal Reserve System to its stress testing regulations. The proposed rule would also change the transition period for an institution that becomes an over $50 billion covered institution. Finally, the proposed rule would make certain technical changes to clarify the requirements of the OCC’s stress testing regulation. The notice of proposed rulemaking was issued in the Federal Register on October 27, 2017, with a 60-day comment period.

Borsa Istanbul: Periodic Review For The BIST-KYD Corporate Eurobond Indices For The Period Of November 2017 Has Been Finalized

Date 27/10/2017

In accordance with the article 3.3. of BIST-KYD Indices Ground Rules, periodic review for the BIST-KYD Corporate Eurobond Indices for the period of November 2017 (November 1, 2017–November 30, 2017) has been finalized. According to the results of the periodic review, the Eurobond, whose issue information is given below, will be included in BIST-KYD Corporate Eurobond USD and BIST-KYD Corporate Eurobond USD (TRY) Indices, effective from November 1, 2017.

EBA: Consultation On RTS On Home-Host Cooperation Under PSD2

Date 27/10/2017

The European Banking Authority (EBA) launched today a public consultation on draft regulatory technical standards (RTS) specifying the framework for cooperation and the exchange of information between competent authorities under the revised Payment Services Directive (PSD2). The RTS also clarify the type of information as well as the templates to be used by payment institutions when reporting to the competent authorities of the host Member States on the payment business activities carried out in their territories. The consultation runs until 5 January 2018.

Borsa Istanbul: BIST Sustainability Index Constituents For November 2017 - October 2018 Index Period Have Been Determined

Date 27/10/2017

Annual company assesments of the BIST Sustainability Index have been completed. Constituent list and the list of stocks to be included in and exluded from the index to be effective from November 1, 2017 are shown below.

EBA Consults On Requirements For Home-host Cooperation Under PSD2

Date 27/10/2017

The European Banking Authority (EBA) launched today a public consultation on draft regulatory technical standards (RTS) specifying the framework for cooperation and the exchange of information between competent authorities under the revised Payment Services Directive (PSD2). The RTS also clarify the type of information as well as the templates to be used by payment institutions when reporting to the competent authorities of the host Member States on the payment business activities carried out in their territories. The consultation runs until 5 January 2018.

Canadian Securities Regulators Seek Comment On Approach To Determining Director And Audit Committee Member Independence

Date 27/10/2017

The Canadian Securities Administrators (CSA) today published for comment CSA Consultation Paper 52-404 Approach to Director and Audit Committee Member Independence, which is intended to facilitate a broad discussion on the appropriateness of the CSA’s approach to determining director and audit committee member independence.

BestX Launches New ‘Regulatory Reporting’ Module For FX

Date 27/10/2017

BestX has expanded its suite of best execution analytics this weekend, launching a new ‘Regulatory Reporting’ module. This new functionality allows buy-side clients to schedule and automate the best execution reports they need to generate to satisfy their obligations under MiFID II. BestX have employed legal expertise to help navigate this complexity and distil from the text exactly what needs to be reported from a practical perspective.

Decisions Taken By The Governing Council Of The ECB (In Addition To Decisions Setting Interest Rates)

Date 27/10/2017

Monetary policy

Non-standard monetary policy measures and increased transparency on the asset purchase programme

On 26 October 2017 the Governing Council decided that net purchases under the asset purchase programme (APP) would be reduced from a monthly pace of €60 billion to a monthly pace of €30 billion from January 2018 until the end of September 2018, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim. The Governing Council also decided that the Eurosystem would reinvest the principal payments from maturing securities purchased under the APP for an extended period of time after the end of its net asset purchases, and in any case for as long as necessary. Furthermore, the Governing Council decided to continue to conduct the main refinancing operations (MROs) and three-month longer-term refinancing operations (LTROs) as fixed rate tender procedures with full allotment for as long as necessary, and at least until the end of the last reserve maintenance period of 2019. The rates on these LTROs will be fixed at the average rate of the MROs over the life of the respective LTRO. Finally, the Governing Council decided to provide additional data on redemptions, as well as information about reinvestments and the role of private sector purchase programmes, with a view to supporting a continued smooth implementation of asset purchases. The measures are detailed in a related press release available on the ECB’s website.

Remarks At FINRA And Columbia University Market Structure Conference, SEC Commissioner Michael S. Piwowar, Washington, D.C.

Date 27/10/2017

Thank you Charles [Jones] and Jonathan [Sokobin], for those very kind introductions.[1] Also, thank you both for putting together such a great conference. I am pleased to join you tonight for this terrific event. As many of you know, the intersection of market microstructure research and practical policy implications has long been a passion of mine. When I first started attending conferences as a young academic, I usually had to sit in a hotel conference room wondering whether people would actually show up when I began presenting my paper. So, I am honored to join you tonight and appreciate the opportunity to give this keynote address in front of such a large audience of distinguished researchers and experts.