News Centre

SIFMA Asset Management Group Statement On The ISDA 2015 Universal Resolution Stay Protocol

Date 12/11/2015

SIFMA’s Asset Management Group today released a statement from Laura Martin, managing director and associate general counsel, after the announcement of the expanded ISDA 2015 Universal Resolution Stay Protocol (“Protocol”), a standardized approach for banks to comply with prudential regulatory initiatives relating to cross-border contracts:  

Tel Aviv Stock Exchange Trading Summary: November 8 - 12, 2015

Date 12/11/2015

• Trading on the Tel Aviv Stock Exchange (TASE) during the second week of November was marked by a mix trend in the leading shares indices; 
• The US biomed company "Celsion" - whose shares are traded on the NASDAQ, listed its shares for trading on the TASE;  
• Continued offerings in the bond market 

EBA Consults On Draft Guidelines On The Treatment Of CVA Risk Under SREP

Date 12/11/2015

The European Banking Authority (EBA) launched today a public consultation on Guidelines on the treatment of credit value adjustment (CVA) risk under the supervisory review and evaluation process (SREP), as well as a data collection exercise for the Quantitative Impact Study (QIS) to calibrate the threshold values. These Guidelines are based on a policy recommendation contained in the EBA's CVA report and aim to provide a common European approach to the assessment of CVA risk under SREP, including adequacy of capital to cover for this risk, and the determination of any potential  additional own funds requirements. The public consultation runs until 12 February 2016 and the data collection exercise should be completed on 28 January 2016.

EBA Publishes Benchmarking Report On The Use Of Higher Ratios For Variable Remuneration

Date 12/11/2015

The European Banking Authority (EBA) published today a report benchmarking the institutions' remuneration practices concerning the use of the possibility to increase the maximum ratio between variable and fixed remuneration up to 200%. The Capital Requirements Directive (CRDIV) limits the aforementioned ratio to 100%, unless it is increased following the shareholders' approval. The report also shows that nearly all Member States have allowed for the possibility to increase the ratio between the two remuneration components to 200% but only institutions in 15 Member States have actually made use of this possibility.

SIFMA And Other Associations Announce New SFT Annex To The ISDA 2015 Universal Resolution Stay Protocol

Date 12/11/2015

SIFMA today announced the publication of a Securities Financing Transaction Annex (“SFT Annex”) that forms part of the ISDA 2015 Universal Resolution Stay Protocol (“Protocol”) that was also published today. The SFT Annex, developed jointly by SIFMA, the International Capital Market Association (“ICMA”) and the International Securities Lending Association (“ISLA”), in coordination with ISDA and the Financial Stability Board, expands the parameters of the original November 2014 ISDA Resolution Stay Protocol (“2014 Protocol”) to include securities financing transactions documented under certain securities financing master agreements sponsored by SIFMA, ICMA and ISLA.   

Culture And Governance - Speech By Mark Steward, Director Of Enforcement And Market Oversight At The FCA, Delivered At The MetricStream Governance, Research And Compliance Summit In London

Date 12/11/2015

Thank you for inviting me here this morning.

Just across the road from here is Lancaster Gate tube station and, around us, the visible remains of nineteenth-century London’s burgeoning middle class: a century of industrial business, around the corner from London’s first department store and the beginnings of retail shopping trade – i.e. the birth of the retail customer.

Khalid Al Hussan Acting Chief Executive Officer For The Saudi Stock Exchange

Date 12/11/2015

The Saudi Stock Exchange announces that Mr. Adel Saleh Al Ghamdi has submitted his resignation from his current duties as the Chief Executive Officer. The Board of Directors has accepted the resignation on 29/01/1437 ( 11/11/2015) and would like to take this opportunity to thank Mr. Adel for his efforts with the Exchange and wish him the best of luck. 

Joint Statement From The U.S. Department Of The Treasury And Her Majesty’s Treasury

Date 12/11/2015

Today the governments of the United States and United Kingdom conducted a joint table-top exercise with leading global financial firms to enhance our cooperation and ability to respond effectively to a cyber incident in the finance sector.

Wiener Borse - Analysis: An Exciting End Of The Year Announced Itself In The Capital Markets

Date 12/11/2015

The ingredients therefore are: predictable central banks, lower however hedged global growth, low commodity prices and a slowdown of political influences to the markets. For the domestic capital market speaking, some positive arguments are discussed further on.

Welcoming Remarks By FRB Chair Yellen At The "Monetary Policy Implementation And Transmission In The Post-Crisis Period," A Research Conference Sponsored By The Board Of Governors Of The Federal Reserve System, Washington, D.C.

Date 12/11/2015

Welcoming Remarks

It is my pleasure to welcome you to the Federal Reserve Board's conference on "Monetary Policy Implementation and Transmission in the Post-Crisis Period." The conference aims to bring together academic and central bank economists, financial market practitioners, and policymakers to stimulate debate and research on a topic that is critically important to the Federal Reserve's mission of conducting monetary policy in the pursuit of maximum employment and stable prices.