News Centre

Risk Parameters On The Moscow Exchange During New Year/Christmas Public Holidays

Date 18/12/2015

Due to New Year break in Russia from December 31, 2015 till January 10, 2016 NCC Clearing Bank is increasing the risk parameters.

CFTC Orders JPMorgan Chase Bank, N.A. To Pay $100 Million For Failure To Disclose Conflicts Of Interest

Date 18/12/2015

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against JPMorgan Chase Bank, N.A.(JPMCB). The Order finds that JPMCB failed to disclose certain conflicts of interest to clients of its U.S.-based wealth management business, J.P. Morgan Private Bank. Specifically, JPMCB failed to fully disclose its preference for investing its client funds in certain commodity pools or exempt pools, namely hedge funds and mutual funds managed and operated by an affiliate and subsidiary of JP Morgan Chase & Co. (Proprietary Funds). JPMCB also failed to disclose its preference for investing its clients’ funds in third-party-managed hedge funds, each a commodity pool or exempt pool, that shared management and/or performance fees with a JPMCB affiliate. JPMorgan has admitted to facts set forth in the Order and acknowledged that its conduct violated the Commodity Exchange Act and/or related Regulations.

EBA Issues Advice On Synthetic Securitisation For SMEs

Date 18/12/2015

The European Banking Authority (EBA) published today a report summarising the findings of its analysis and market practice assessment of the synthetic securitisation market. The EBA supports the limited extension of the prudential treatment granted to simple, standardised and transparent securitisations (STS) to banks that originate and retain certain SME balance sheet synthetic securitisation positions, as in the Commission's legislative proposal on securitisation. The EBA advises on the criteria that should determine eligibility of balance sheet synthetic transactions, specifying, among others, under which conditions originator banks may transfer the risk of eligible transactions to public or private investors.   

TOM MTF Statistics Week 51, 2015

Date 18/12/2015

Click here to download the weekly statistics update of TOM MTF for week 51, 2015. 

UBS MTF Market Notice - Trading Holidays

Date 18/12/2015

This market notice is to inform you that UBS MTF will be closed on the following days during the Christmas period:

• Friday, 25th December 2015
• Friday, 1st January 2016

EBA: Consultation On The Guidelines On Stress Testing And Supervisory Stress Testing

Date 18/12/2015

The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on stress testing. These Guidelines set out expectations for institutions’ stress testing programmes and seek improvements by drawing on lessons from previous stress test exercises. In addition, they aim at promoting convergence of the use of stress testing in the context of the supervisory review and evaluation process (SREP). The consultation runs until 18 March 2016.

CCP Resolution And The Ending Too Big To Fail Agenda, Speech By Andrew Gracie, Executive Director, Resolution, Bank Of England, Given At 21st Annual Risk USA Conference, New York On 22 October 2015

Date 18/12/2015

One of the goals of global reform since the financial crisis has been ending Too Big to Fail (TBTF). This is the resolution agenda – aiming to ensure that in the event that a global systemically important financial institution (G-SIFI) fails there is minimal interruption of the activities of a firm that are critical to the functioning of the broader financial system. And achieving that outcome without recourse to taxpayer bailouts, as public authorities were forced to during the crisis.

EBA Calls For More Certainty And Consistency In The Application Of Restrictions To Profits Pay-Outs To Restore Capital Adequacy

Date 18/12/2015

The European Banking Authority (EBA) issued today an Opinion on the trigger, calculation and transparency of the Maximum Distributable Amount (MDA). The Opinion clarifies that the MDA should be calculated taking into account both minimum (Pillar 1) and additional (Pillar 2) capital requirements which should be met at all times, as well as the combined buffer requirement. The Opinion is designed to support the consistent application of distribution restrictions laid down in the Capital Requirements Directive (CRD) in order to promote a level playing field across the Single Market, and to give greater certainty for banks' capital planning needs. It also calls for transparency in Pillar 2 outcomes for all banks, with a view to providing clarity for investors in banks. The Opinion advises the European Commission to review the CRD text in the future to ensure certainty and more consistency.

Moscow Exchange: Risk Parameters For New Securities

Date 18/12/2015

New bonds will be accepted to margin trading starting from December, 21 2015. 

CFTC Approves Final Rule On Records Of Commodity Interest And Related Cash Or Forward Transactions

Date 18/12/2015

The U.S. Commodity Futures Trading Commission today unanimously approved a final rule to amend Commission Regulation 1.35(a) relating to recordkeeping obligations for certain market participants.