FTSE Mondo Visione Exchanges Index: 99,504.23 -150.20

News Centre

Bermuda Stock Exchange Wins Prestigious London Award

Date 22/03/2017

The Bermuda Stock Exchange (BSX) has been awarded Acquisition International’s (AI) Excellence Award, 2016 for Most Outstanding Offshore Stock Exchange.
State Of Kuwait Lists Dual-Tranche US$8Bn Notes In Debut Listing On The Irish Stock Exchange

Date 22/03/2017

The State of Kuwait, acting through the Ministry of Finance, has listed US$8bn notes on the Main Securities Market (MSM) of the Irish Stock Exchange (ISE).
IFC Launches Innovative Social Bond Program, Raising $500 Million Through Benchmark Bond

Date 22/03/2017

IFC, a member of the World Bank Group, today issued a $500 million global benchmark bond, launching an innovative Social Bond Program to expand financing for projects that benefit women-owned enterprises and low-income communities in emerging markets.
Financial Services Industry Commends SEC On Final Rule To Facilitate A Shorter Settlement Cycle In U.S. - A Two-Day Settlement Cycle Will Yield Numerous Benefits For Investors, Regulators And Market Participants

Date 22/03/2017

The Depository Trust & Clearing Corporation (DTCC), ICI and SIFMA, on behalf of the T+2 Industry Steering Committee (T+2 ISC), commend the U.S. Securities and Exchange Commission (SEC) for finalizing rule changes that facilitate the industry’s transformational effort to achieve a two-day settlement cycle (T+2). The revised SEC rule establishes a standard settlement timeframe of two days for U.S. equity, corporate and municipal bond, and unit investment trust (UIT) trades, providing regulatory certainty to promote a coordinated and effective industry transition to T+2 on September 5, 2017.
Statement At Open Meeting On The Final Rule Amendment To Shorten The Transaction Settlement Cycle - SEC Commissioner Kara M. Stein

Date 22/03/2017

Good morning. I would like to thank staff in offices throughout the Commission for their hard work on this final rule to shorten the settlement cycle for securities transactions. In particular, I would like to thank Jeff Mooney, Christian Sabella, Susan Petersen, Justin Pica, Andrew Shanbrom, and Jesse Capelle in the Division of Trading & Markets, and DERA’s Hari Phatak, Adam Yonce and Charles Lin.

EBA Publishes Annual Assessment Of EU Supervisory Colleges For 2016

Date 22/03/2017

The European Banking Authority (EBA) published today its 2016 annual assessment of EU supervisory colleges, which are established for the effective supervision of EU cross-border banking groups. The Report highlighted a number of achievements made by colleges in the course of 2016, including a good level and quality of engagement, and also identified areas for improvement as well as topics for supervisory attention for 2017. The Report relied on the EBA staff observations gained through their participation in colleges of supervisors and on the consolidated results of the individual college assessments conducted at the end of 2016.
SEC Adopts T+2 Settlement Cycle For Securities Transactions

Date 22/03/2017

The Securities and Exchange Commission today adopted an amendment to shorten by one business day the standard settlement cycle for most broker-dealer securities transactions. Currently, the standard settlement cycle for these transactions is three business days, known as T+3. The amended rule shortens the settlement cycle to two business days, T+2.
UK's Financial Conduct Authority Wins London Whale Identity Case

Date 22/03/2017

The UK's Financial Conduct Authority (FCA) won a landmark case in the the U.K. Supreme Court over the identification of individuals in its public censure notices, overturning decisions in the lower courts that had threatened to complicate the FCA’s ability to enforce market rules. The case was brought against the FCA by Achilles Macris, the former JP Morgan executive who managed the 'London Whale' trader.
Reuters: EU To Formally Veto Deutsche Boerse LSE Merger Shortly: Sources

Date 22/03/2017

The European Commission will shortly veto a proposed merger between Deutsche Boerse and the London Stock Exchange, four sources close to the matter said on Wednesday, scuppering plans to create Europe's biggest exchange.
Statement At Open Meeting Regarding Amendment To Shorten The Trade Settlement Cycle - SEC Acting Chairman Michael S. Piwowar

Date 22/03/2017

Good morning. This is an open meeting of the U.S. Securities and Exchange Commission on March 22, 2017, under the Government in the Sunshine Act. The Commission today will consider a recommendation from the staff to adopt an amendment to shorten the standard settlement cycle for most securities transactions from three business days after the trade date, T+3, to two business days after the trade date, T+2.