News Centre

Financial Services Associations Submit Comments On TLAC Requirement To Help Ensure G-SIBs Can Be Resolved

Date 23/02/2016

SIFMA, The Clearing House, the American Bankers Association, the Financial Services Roundtable, and the Financial Services Forum submitted comments to the Federal Reserve in response to its proposal to impose  total loss absorbing capacity, long-term debt and related "clean holding company" requirements on global systemically important banking groups (G-SIBs).  The associations express the industry's strong support for a TLAC requirement for G-SIBs, which is a crucial aspect of ending "Too Big to Fail" by helping ensure that these institutions can be resolved in an orderly way at the expense of creditors and shareholders (and not taxpayers). 

CFTC Staff To Host A Public Roundtable March 3 Regarding The Residual Interest Deadline

Date 22/02/2016

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight and the Office of the Chief Economist will host a public roundtable on March 3, 2016 at 10:00 am to discuss a report on the Residual Interest Deadline.

BC Report Warns Of Gap Between Investor Attitudes And Behaviours Ahead Of RRSP Deadline - Recent BCSC Study Shows Trust In An Advisor May Keep Investors From Due Diligence

Date 22/02/2016

This RRSP season, the British Columbia Securities Commission (BCSC) is encouraging investors to make smarter decisions and learn more about the role they play when working with an investment advisor. The BCSC’s message is prompted by findings from research it commissioned showing that while most British Columbians agree they have responsibilities when it comes to investing, many neglect those responsibilities. According to the study, 43 per cent of British Columbians 35 years and older have investments, and 27 per cent of them invest through an advisor.

SIFMA Joins U.S. And EU Entities Urging TTIP To Include Full Coverage Of Financial Services To Address Market Fragmentation

Date 22/02/2016

Today, SIFMA issued the followed joint statement from U.S. and EU trade associations and representative bodies calling for financial services to be fully covered in TTIP to help address market fragmentation:

"Today, the undersigned trade associations and representative bodies, based in the United States and the European Union, issued the following statement reinforcing their strong support for a Transatlantic Trade and Investment Partnership (TTIP) that includes financial services regulatory coordination, in advance of the 12th round of negotiations to be held this week in Brussels beginning on February 22nd."

Europex Response To Commission Consultation On The "Preparation Of A New Renewable Energy Directive For The Period After 2020“ (RED II)

Date 22/02/2016

Europex welcomes the possibility to contribute to the discussion on a review of the EU’s renewable energy legislation and stresses the necessity to fully integrate renewables into the grid and power system as a whole.

U.S. Treasury Secretary Lew Travels To Shanghai, Beijing, Hong Kong

Date 22/02/2016

The U.S. Department of the Treasury today announced that Secretary Jacob J. Lew will travel to Shanghai, China for the G-20 Finance Ministers and Central Bank Governors Meeting, followed by visits to Beijing and Hong Kong.

TABB Group Identifies the Challenges Facing Blockchain In Disrupting The Status Quo

Date 22/02/2016

The interest in blockchain from the financial community has been tremendous. Ambitions for decentralizing trust, greater transactional transparency, an immutable record, compacting settlement periods, and the freeing up of capital while reducing settlement counterparty risk has many both outside and inside the industry salivating.

CFTC Charges Florida-Based North American Asset Management, LLC, Alexi Bethel, And Steven Labadie With Engaging In Illegal, Off-Exchange Precious Metals Transactions

Date 22/02/2016

The U.S. Commodity Futures Trading Commission (CFTC) announced the filing of a civil injunctive enforcement action in the U.S. District Court for the Southern District of Florida against Defendants North American Asset Management, LLC (NAAM) of Fort Lauderdale, Florida; its owner and president Alexi Bethel of Miami, Florida; and its owner and managing director Steven Labadie of Lake Worth, Florida. The CFTC Complaint charges the Defendants with engaging in illegal, off-exchange transactions in precious metals with retail customers on a leveraged, margined, or financed basis. The Complaint further alleges that Bethel and Labadie, as controlling persons for NAAM, are liable for NAAM’s violations of the Commodity Exchange Act (CEA).

"India – Switzerland In Focus": As Part Of Its Activities In India, SIX Swiss Exchange Is Supporting A Special Magazine That Focuses On Indo-Swiss Relationships

Date 22/02/2016

The recently published magazine "India – Switzerland in Focus" looks at the partnerships between India and Switzerland in areas such as business, politics, culture and innovation. Various companies such as ABB, Hilti, Givaudan and Julius Baer also provide insights into their activities in India. The magazine is published by the Indian embassy in Switzerland, and SIX Swiss Exchange, as a "gold sponsor", has contributed a specialist article.

Hometown Fund Management And Gateway Investment Management Services To Launch Second Fund Under Dubai International Financial Centre’s Qualified Investor Fund Regime

Date 22/02/2016

• Promoters aim to raise US$200 million to invest in residential property in Dubai
• Fund will convert residential units to branded Holiday Homes for superior income
• High Investor confidence in DIFC’s Qualified Investor Fund reinforces Dubai’s status as an attractive domicile for funds.