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  • SGX, ABS, ISCA, Law Society And SID Jointly Launch Guide On Prevention Of Insider Trading

    Date 05/12/2017

    Singapore Exchange (“SGX”), together with the Association of Banks in Singapore (ABS), the Institute of Singapore Chartered Accountants (ISCA), the Law Society of Singapore and the Singapore Institute of Directors (SID), is launching a guide on the prevention of insider trading.

  • Bank Of England: Record Of FPC Meetings Held On 22 and 27 November 2017

    Date 05/12/2017

    At its meetings on 22 and 27 November 2017, the Financial Policy Committee (FPC):
     
    • Agreed that the 2017 stress test showed the UK banking system was resilient to deep simultaneous recessions in the UK and global economies, large falls in asset prices and a separate stress of misconduct costs. 
    • Agreed to raise the UK countercyclical capital buffer (CCyB) rate from 0.5% to 1%, with binding effect from 28 November 2018.
    • Agreed to reconsider the adequacy of a 1% UK countercyclical capital buffer rate during the first half of 2018, in light of the evolution of the overall risk environment.
    • Assessed the various risks of disruption to UK financial services arising from Brexit and developed a checklist so that preparations could be made and action taken to mitigate them.
    • Assessed its stress test scenario against combinations of various risks that might arise from a disorderly Brexit (such as increased tariffs on trade, loss of authorisations to sell products and services, operational disruption to customs and transport infrastructure, and a decline in investor appetite for sterling assets) and concluded that the impacts of these were encompassed within the set of macroeconomic shocks in the stress test.
    • Reviewed the Bank’s first ‘exploratory’ stress test exercise, which examined major UK banks’ long-term strategic responses to an extended low growth, low interest rate environment with increasing competitive pressures from financial technology (Fintech). The exploratory scenario had provided a series of insights, ranging from the development of such exercises to the possible future of banking.
    • Completed its annual review of risk and regulation beyond the core banking sector, agreed not to recommend any changes to the regulatory perimeter at this stage and asked for an in-depth assessment of the use of leverage in the non-bank financial sector, focusing on leverage created through use of derivatives. It also completed its in-depth assessment of the financial stability risks associated with derivatives transactions and judged that major reforms to global over-the-counter (OTC) derivatives markets after the crisis had improved the resilience of the financial system.
    • Agreed that it could consider as implemented the Recommendation that it made to the Prudential Regulation Authority (PRA) in September 2017, on excluding central bank reserves from the calculation of the leverage ratio and requiring a minimum leverage ratio of 3.25%.

  • LexisNexis® Risk Solutions Launches Enhanced Due Diligence Platform To Help Businesses Combat Financial Crime

    Date 05/12/2017

    LexisNexis® Risk Solutions today announced the launch of its enhanced due diligence (EDD) platform, LexisNexis® EDD Insight. The web-based research platform has been designed to help professionals who are responsible for financial crime compliance conduct effective investigations and due diligence, whilst reducing process inefficiencies.

  • LiquidityBook Opens New London Office To Support European Growth - New Waterhouse Square Office Space To Support Trading Technology Provider In Its Continued Expansion In The UK And Continental Europe

    Date 05/12/2017

    LiquidityBook, a leading Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, today announced the opening of a new office at 138 Holborn in Waterhouse Square, London. The firm, which has onboarded eight new fund manager clients in London since July, will use the new office to support its continued expansion in the region as demand for its industry-leading POEMS (portfolio, order and execution management system) platform surges ahead of MiFID II’s January implementation deadline.

  • EPEX SPOT Power Trading Results Of November 2017 - All Markets Register Healthy Volumes

    Date 05/12/2017

    In November 2017, a total volume of 43.4 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday power markets (November 2016: 41.5 TWh). This represents a year on year growth of 4.7%, with a 3.9% growth in Day-ahead and a 10% growth in Intraday trading.