News Centre

BCBS And IOSCO Propose Criteria For Identifying Simple, Transparent And Comparable Short-Term Securitisations

Date 06/07/2017

The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) today released the consultative document Criteria for identifying simple, transparent and comparable short-term securitisations(the short-term STC criteria), which is available on the BCBS and IOSCO websites.

ESMA Appoints New Member To Its Management Board

Date 06/07/2017

The European Securities and Markets Authority (ESMA) has appointed a new member to its Management Board to replace an outgoing member whose mandate has ended.

SIX Swiss Exchange: Shares Of Zur Rose Group AG (ROSE) Open At CHF 151.00

Date 06/07/2017

Today, the shares of Zur Rose Group AG (“Zur Rose”) were traded for the first time under the “International Reporting Standard” of SIX Swiss Exchange, opening at CHF 151.00. This corresponds to a total market capitalization of around CHF 904 million.

Milliman: To Optimise Financial Decision-Making, Human-And-Machine Iterative Process Proves Most Successful

Date 06/07/2017

Milliman, Inc., the premier global consulting and actuarial firm, today announced that an innovative new study examining multi-criteria decision-making using an iterative process of advanced computing and human input has shown superior results in risk management when compared to machine algorithms or humans alone. Using an illustrative example from the life insurance industry, the study looked at how optimisation techniques can be used to develop insights into drivers of economic capital within an internal model framework, and how to then use these insights for risk management decisions. The findings illustrate that advanced computing, visualisation, and complex systems-mining techniques that include expert input can deliver superior optimisation results when faced with multiple objectives and multiple constraints which machine algorithms alone find challenging to resolve.

HKEX Monthly Market Highlights - June 2017

Date 06/07/2017

Highlights

- Securities Market

• The average daily turnover for the first six months of 2017 was $76.0 billion, an increase of 13 per cent when compared with $67.5 billion for the same period last year.

NEX Group Announces That NEX SEF Limited Went Live On 3 July 2017

Date 06/07/2017

NEX Group plc (“NEX”) (NXG.L), a financial technology company at the centre of global markets, announces today that its Swap Execution Facility (“SEF”), NEX SEF Limited (“NEX SEF”), went live on 3 July 2017.

Axioma Risk Named Risk Management System Of The Year At The 2017 Global Investor Investment Excellence Awards

Date 06/07/2017

Axioma, a provider of enterprise market risk and portfolio analytics solutions, announced today that its flagship multi-asset class risk management system, Axioma Risk, was named Risk Management System of the Year at the Global Investor Investment Excellence Awards.

"Why Free Trade And Open Markets In Financial Services Matter" Speech By Andrew Bailey, Chief Executive Of The UK’s Financial Conduct Authority, Delivered At 8:30am Thursday 6 July 2017, At A Thomson Reuters Newsmaker

Date 06/07/2017

Highlights

• Andrew Bailey gives an overview of the work that the FCA is doing on Brexit and the impact of Brexit on financial services.
• Open markets in financial services, freedom of location and free trade are important to the functioning of the global economy.
• Firms should be able to take their own decisions on where they locate, subject to appropriate regulatory arrangements being in place which preserve the public interest.
• Restricting trade is not an inevitable or necessary response to Brexit. 

AxiomSL Announces Strategic Investment From TCV - Financial Technology Leader Provides Enterprise-Wide Technology And Solutions For Risk Data Management And Regulatory Reporting

Date 06/07/2017

AxiomSL, the global leader for risk data management and regulatory reporting technology for the financial services industry, today announced that growth equity firm TCV has made a strategic investment in the company. This investment represents AxiomSL’s first institutional financing, having bootstrapped to scale since its founding in 1991. TCV’s investment will enable the company to accelerate growth and cement its position as the financial industry standard for risk and regulatory compliance data management. As part of the investment, the AxiomSL board of directors will benefit from the expertise of Rick Kimball, Founding General Partner at TCV, and Nari Ansari, Principal at TCV.

Shanghai International Energy Exchange: Notice On Assisting INE In Its 4th Testing In Production Environment

Date 06/07/2017

To smoothly launch the crude oil futures, Shanghai International Energy Exchange (“INE”), a subsidiary of Shanghai Futures Exchange, plans to conduct its third testing in production environment between July 8th and July 9th.