News Centre

EBA Amends Decision On The Quality Of Unsolicited Credit Assessments Of Certain ECAIs For The Assignment Of Risk Weights

Date 18/07/2017

The European Banking Authority (EBA) published today a revised Decision confirming the quality of unsolicited credit assessments assigned by certain External Credit Assessment Institutions (ECAIs) for calculating institutions' capital requirements. The revised Decision, which reflects the recognition of five additional ECAIs and the de-registering of one ECAI, is part of the Single Rulebook in banking and will ensure regulatory harmonisation across the European Union (EU) regarding the use of unsolicited credit ratings for determining institutions' own funds requirements.

London Stock Exchange Group Plc Transaction In Own Shares

Date 18/07/2017

London Stock Exchange Group plc (the "Company") announces that it has purchased through RBC Europe Limited, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 26 April 2017, the following number of its ordinary shares of 6 79/86 pence each ("Shares") on the London Stock Exchange as part of the buyback programme announced on 29 March 2017:

The Egyptian Exchange (EGX) And AUC’s School Of Business Collaborate To Improve The Representation Of Women On Corporate Boards

Date 18/07/2017

The Egyptian Exchange (EGX) and The School of Business at The  American University in Cairo (AUC) signed an MOU to capitalize on the synergies between them in supporting the Women on Boards Observatory at AUC. EGX will join the Women on Boards Consortium, established by AUC’s School of Business in 2014, with the aim of “sensitizing board members to gender issues and qualifying women for corporate board positions, as well as, advocating for policy and legislative changes to institutionalize gender diversity on corporate boards.” The consortium also includes: The Women in Business Committee of the American Chamber of Commerce in Egypt, The Women and Memory Forum, and The Egyptian Corporate Responsibility Center (a project of the United Nations Development Program and the Industrial Modernization Center). The purpose of the consortium is to set up the “Women on Boards Observatory” – the first of its kind in Egypt. The observatory will primarily focus on creating the “Egyptian Board Ready Women” database, and publishing the “Annual Egyptian Women on Boards Monitoring Report”.

CFTC Charges California Resident Jason B. Scharf, His Worldwide Web Of Companies, And Florida-Based Affiliate Marketers Michael Shah And Zilmil, Inc. With $16 Million Binary Options Fraud Scheme - CFTC Complaint Charges Numerous Companies, Including CIT Investments LLC, Brevspand EOOD, CIT Investments Ltd., CIT Investments Ltd., And A & J Media Partners, Inc., With Participating In Massive Fraud - Federal Court Issues Emergency Order Freezing Assets Of Scharf, Shah & Zilmil - Order Grants The CFTC Immediate Access To Their Books And Records

Date 18/07/2017

The Commodity Futures Trading Commission (CFTC) today announced that a federal district court has unsealed a civil CFTC Complaint with the Middle District of Florida on July 10, 2017, charging Jason B. Scharf of Valley Village, California, a worldwide web of companies he controlled, including CIT Investments LLC, a Nevada limited liability corporation; Brevspand EOOD, a Bulgarian business entity; CIT Investments Ltd., a Marshall Islands business entity; CIT Investments Ltd., an Anguillan business entity; and A & J Media Partners, Inc., a California corporation, together with affiliate marketers Michael Shah and his company Zilmil, Inc., both of Jacksonville, Florida, with unlawfully soliciting and accepting more than $16 million in connection with illegal binary options contracts. Scharf also does business as Citrades.com and AutoTrading Binary.com, according to the Complaint.

European Financial Stability Facility Raises €4.5 Billion In Two Bond Deals

Date 18/07/2017

The European Financial Stability Facility (EFSF) on Tuesday raised €4.5 billion in a dual-tranche bond deal, taking another major step towards meeting its third-quarter funding needs. The EFSF raised €3 billion in a new 10-year benchmark bond, and €1.5 billion in a tap of an existing 39-year bond.

The Bank And Benchmark Reform - Speech Given By Chris Salmon, Executive Director, Markets, Bank Of England Roundtable On Sterling Risk-Free Reference Rates, London 6 July 2017

Date 18/07/2017

Thank you to NatWest Markets for hosting this event, and let me add my own welcome and thanks to you all for coming.

The Governor has set out the need for a substantial transition from Libor to near-risk free alternatives.

Marex Spectron Adds Client OTC Hedging Capability

Date 18/07/2017

Marex Spectron, the global commodities broker, today announced the addition of Marex Solutions, a division dedicated to providing customised derivative hedging solutions for clients.

EEX Group Grows Significantly In Emissions, Agriculturals And Freight In First Half Of 2017 - Uncertainty About Split Of The German-Austrian Price Zone Leads To Volume Decrease On Power Derivatives Market

Date 18/07/2017

Following a record result in the business year 2016, EEX Group has published its half year volumes for 2017, achieving notable increases in the markets for emission rights, agricultural products and global commodities (i.e. freight) alongside decreases on the power derivatives market. Double digit growth was also achieved on the natural gas spot business. A challenging regulatory environment, in particular the price zone debate and possible split of the German/Austria bidding zone has had an impact on the trading volumes in EEX’s power markets which was in line with the performance in the European power market as a whole.

ESMA Recommends Improvements In Financial Information Enforcement

Date 18/07/2017

The European Securities and Markets Authority (ESMA) has published the results of a peer review conducted into how national competent authorities (NCAs) supervise financial information (IFRS) according to the Guidelines on Enforcement of Financial Information (Guidelines). The report identifies areas where NCAs can improve their enforcement and makes recommendations to support these improvements.

256 Institutional Investors Register In ADX During First Half Of 2017 - Total Number Of Investors In ADX Reaches 961 Thousand With 2276 Numbers Issued During First Half 2017

Date 18/07/2017

The total number of investors in Abu Dhabi Securities Exchange (ADX) by the end of the first half of 2017 reached 961,000 investors. Furthermore, ADX has issued 2276 investor numbers during the first half of 2017.