News Centre

Office Of The Comptroller Of The Currency Reports Third Quarter Trading Revenue Of $5.3 Billion

Date 21/12/2015

Insured U.S. commercial banks and savings associations reported trading revenue of $5.3 billion in the third quarter of 2015, a drop of 4 percent or $200 million from the previous second quarter, the Office of the Comptroller of the Currency (OCC) reported today in the OCC's Quarterly Report on Bank Trading and Derivatives Activities. Trading revenue in the third quarter was $300 million or 5 percent lower than in the year earlier period.

EBA Publishes Final Guidelines On Sound Remuneration Policies And Its Opinion On The Application Of Proportionality

Date 21/12/2015

The European Banking Authority (EBA) published today its final Guidelines on sound remuneration policies together with its Opinion on proportionality, recommending exemptions from the remuneration principles in the Capital Requirements Directive (CRD IV). The guidelines ensure that institutions calculate correctly and consistently the so called ‘bonus cap' by setting out specific criteria for mapping all remuneration components into either fixed or variable pay and detailing how specific remuneration elements such as allowances, sign-on bonuses, retention bonuses and severance pay are to be recognised over time. 

IOSCO Publishes Statement On Regulation Of Crowdfunding

Date 21/12/2015

The International Organization of Securities Commissions (IOSCO) today published a Statement on regulation of crowdfunding.

EBA Acknowledges Notification From The Portuguese Government And Banco De Portugal

Date 21/12/2015

The EBA acknowledges notification from the Portuguese Government and Banco de Portugal with respect to their decision on the the sale and resolution of Banco Internacional do Funchal, S.A (BANIF).

IOSCO Publishes 2015 Survey Responses Report On Crowdfunding

Date 21/12/2015

The International Organization of Securities Commissions (IOSCO) published today the Crowdfunding 2015 Survey Responses Report (Crowdfunding Report).

LCH.Clearnet Eliminates Over $100 Trillion In Notional In 12 Months

Date 21/12/2015

• Compression drives record reduction in notional outstanding at SwapClear during 2015
• $323 trillion compressed in 2015, contributing to net notional reduction of $107 trillion
• Notional outstanding now at $254 trillion, down from almost $362 trillion on 1 January 2015
• Results highlight strong uptake of compression services by members and their clients
• Extensions of blended-rate compression service contribute to increased compression activity

UK Serious Fraud Office: Tom Hayes - Appeal

Date 21/12/2015

Tom Hayes' conviction was upheld and his sentence was reduced from a total of 14 years to 11 years. Please see the full Judgment here.

ESMA Publishes Responses To The Consultation On Indirect Clearing Under EMIR AND MIFIR

Date 21/12/2015

The European Securities and Markets Authority (ESMA) has published the responses received to the Consultation on indirect clearing under EMIR and MiFIR.

Statement Of CFTC Chairman Timothy Massad On The Fiscal Year 2016 Budget Agreement

Date 21/12/2015

The failure to provide the CFTC even a modest increase in the fiscal year 2016 budget agreement sends a clear message that meaningful oversight of the derivatives markets, and the very types of products that exacerbated the global financial crisis, is not a priority.

Statement On Final EBA Guidelines On Remuneration Policies

Date 21/12/2015

The European Banking Authority (EBA) has today published final guidelines on sound remuneration policies.