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United Kingdom Parliament Treasury Committee Update: Re-Appointments Of Dame Clara Furse And Richard Sharp Report

Date 11/03/2016

The Treasury Committee publishes its report on the re-appointments of Dame Clara Furse DBE and Richard Sharp to the Bank of England’s Financial Policy Committee.
From March's Trading Places: OTC Derivative Reform & Global Equivalence – Is There Ever Really Equivalence? - Comment Piece By Richard Baker, CEO Cleartrade Exchange (CLTX)

Date 11/03/2016

As the CEO of a global commodities exchange, this is a topic I frequently encounter. I also spend valuable resources in terms of time and money – such as legal & compliance fees - keeping abreast of the changes. What has changed in what region (for our business and our clients, the focus is Asia, US and Europe) and waiting with anticipation the outcome of various regulatory huddles that take place on global equivalence. I then head back to my clients to try and explain why their various legal entities (operating companies) in certain geographical locations can or can’t a) be subject to certain conditions b) log in to our trading terminal and c) hedge or trade a position. Whilst regulatory change is creating opportunities, it is also true that the pace of implementation and lack of alignment between regulators over that last few years has created uncertainty which inhibits market participants from real business. In contrast, it is quite remarkable that I can login to the likes of Amazon or EBay from anywhere in the world, go through that voyage of discovery of exactly where my wants and needs lie and then go on to buy or sell and settle a transaction (including trade reporting!) in minutes with anyone around the world. Yet amazingly, it remains impossible to do that in the OTC Derivatives market even 6 years since the G20 reforms started.
Europex Calls For Reintroducing The Alternative Instrument Identifier (AII) As An Alternative To ISIN And Recommends Aligning The Timing Of The Financial Instruments Reference Data Obligation Under MiFIR And MAR

Date 11/03/2016

As it is a more effective and less costly option, Europex calls for reintroducing the possibility to use AIIs for identifying exchange traded derivatives, in the final technical standards of MiFIR and MAR. An alternative option would be to apply the obligation at product instead of instrument level. Secondly, as the technical standards have not been adopted yet and trading venues need time to implement the new rules, Europex recommends postponing the start of the application of the obligation under MAR until MiFIR applies.
Hong Kong's Securities And Futures Commission Commences MMT Proceedings Against Mayer Holdings Limited And Its Senior Management Over Late Disclosure Of Inside Information

Date 11/03/2016

The Securities and Futures Commission (SFC) has commenced proceedings in the Market Misconduct Tribunal (MMT) against Mayer Holdings Limited (Mayer) for failing to disclose price sensitive information as soon as reasonably practicable.
Euronext Announces Quarterly Review Results Of The CAC Family March 2016

Date 11/03/2016

Euronext yesterday announced the results of the reweighting of the CAC family, which took place after close of the markets on Thursday 10 March 2016.The changes following the review will be effective from 21 March 2016.

Thomson Reuters, IRTI And CIBAFI In Partnership With CIMB Islamic Bank Launches New Study On The Outlook Of Islamic Finance In Indonesia - The Study Provides A Comprehensive Overview On The Development Of The Islamic Finance Industry In Indonesia

Date 11/03/2016

Thomson Reuters, the Islamic Research and Training Institute (IRTI), an affiliate of the Islamic Development Bank Group, and the General Council for Islamic Banks and Financial Institutions (CIBAFI), today launched a new Indonesia Islamic Finance Report titled “Prospects For Exponential Growth” at a ceremony in Jakarta. The study was prepared in strategic partnership with CIMB Islamic Bank.
triReduce Polish Zloty Compression Cycle Eliminates 40% Of PLN Notional Outstanding In LCH.Clearnet’s SwapClear

Date 11/03/2016

TriOptima, an award-winning post trade infrastructure provider, announces today that 18 SwapClear members have compressed 40% of outstanding notional and 49% of outstanding trades in Polish zloty (PLN) interest rate swaps and forward rate agreements (FRA) in the latest triReduce compression cycle.
Monthly Summary Bulgarian Stock Exchange-Sofia February 2016

Date 11/03/2016

Click here to download the statistics for the market performance of the Bulgarian Stock Exchange in February, 2016.
International Audit Regulators Call For Measurable Improvement By 2019

Date 11/03/2016

The pace of audit quality improvement is too slow and measureable improvement is needed, an international survey concluded. The Independent Forum of Independent Audit Regulators (IFIAR) issued the results of their annual inspections findings survey this week. In response to the findings, IFIAR and the six largest global audit networks (Deloitte, KPMG, PWC, EY, BDO and Grant Thornton) have agreed on a new initiative to achieve a measurable reduction in findings by 2019.
ASIC Imposes Additional Licence Conditions On Macquarie Bank

Date 11/03/2016

ASIC has imposed additional conditions on the Australian financial services (AFS) licence of Macquarie Bank Limited (Macquarie).