News Centre

EBA Sets Out Roadmap For The Implementation Of The Regulatory Review Of Internal Models

Date 05/02/2016

The European Banking Authority (EBA) published today an Opinion specifying the general principles and timelines for the implementation of the regulatory review of the internal ratings-based (IRB) approach. The aim of the Opinion is to provide guidance and clarity to both Competent Authorities and institutions on the planned review and its implementation. The Opinion is supported by a Report, which summarises the feedback received from the public consultation on the EBA discussion paper on the future of the IRB approach.

Remarks Of CFTC Chairman Timothy Massad Before The OFR‐FSOC 2016 Annual Conference, U.S. Treasury Department - “Taking Stock Of Financial Resilience”

Date 05/02/2016

Thank you Patrick, for that introduction.

I’m very honored to be here today. It’s always a pleasure to be back at Treasury. I spent five years here. I had not worked in the government before, and every day that I walked into this building I was excited and proud. Excited to have the opportunity to work on so many challenging issues with so many capable, dedicated people. Proud to be able to serve my country, particularly at a time of crisis, and proud to work in this institution, which has such an exemplary tradition and culture.

TOM MTF Statistics Week 5, 2016

Date 05/02/2016

Click here to dowmload the weekly statistics update of TOM MTF for week 5, 2016. 

Federal Reserve Board Announces $131 Million Penalty Against HSBC North America Holdings, Inc. And HSBC Finance Corporation

Date 05/02/2016

The Federal Reserve Board on Friday announced a $131 million penalty against HSBC North America Holdings, Inc. and HSBC Finance Corporation for deficiencies in residential mortgage loan servicing and foreclosure processing. The penalty is being assessed in conjunction with an agreement involving similar deficiencies that HSBC announced Friday with the U.S. Department of Justice, other federal agencies, and the state attorneys general.

Investor Group To Acquire Chicago Stock Exchange

Date 05/02/2016

The Chicago Stock Exchange, Inc. (CHX) is pleased to announce that it has entered into a definitive agreement to be acquired by an investor group led by Chongqing Casin Enterprise Group (the “Casin Group”). The Board of Directors of CHX has unanimously approved the transaction, which is subject to regulatory approvals. The acquisition is expected to close in the second half of 2016. Terms of the transaction have not been disclosed.

TOM Publishes Report Analysing Liquidity On Options Exchanges Over The Month January 2016

Date 05/02/2016

TOM has published a report analyzing liquidity on the various exchanges listing Dutch equity derivatives. This answers to the need in the market in relation to the introduction of MiFIDII starting 2017.

Better Finance: EU Regulators Must Disclose The Falsely Active Funds (“Closet Indexers”) They Identified To Misled Investors

Date 05/02/2016

On February 2nd ESMA released some long awaited results of its investigation on falsely active equity UCITS funds (also called “closet indexers”). Those are funds that claim to be “actively” managed but that are in fact merely following market indices, although they charge much higher fees than low cost index-tracking funds such as ETFs. The distribution of such funds as “active” funds is very misleading to the investor and causes detriment because the investor is paying for a service that he is not actually receiving.

ESMA Publishes Responses To Consultation On The European Single Electronic Format

Date 05/02/2016

The European Securities and Markets Authority (ESMA) has published the responses received to the Consultation Paper on the European Single Electronic Format.

SIFMA Recommends Full Market Close On February 15 For Trading Of US Dollar-Denominated Fixed-Income Securities In Observance Of The US Presidents Day Holiday

Date 05/02/2016

SIFMA has confirmed its previous recommendation for a full market close on Monday, February 15 for the trading of US dollar-denominated fixed-income securities in the United States, the United Kingdom and Japan in observance of the U.S. Presidents Day Holiday.  

ESMA, National Securities Regulators And ECB To Exchange Information

Date 05/02/2016

The European Securities and Markets Authority (ESMA) and the European Central Bank (ECB) have concluded a Memorandum of Understanding (MoU) that will allow the exchange of information and cooperation to help both authorities in fulfilling their respective mandates.