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  • EBA: Consultation On The Benchmark Rate Under The Mortgage Credit Directive

    Date 12/10/2015

    The European Banking Authority (EBA) published today a Consultation Paper on its proposed benchmark rate under the Mortgage Credit Directive (MCD), which requires creditors to create two illustrative examples in the European Standardised Information Sheet (ESIS) for variable rate mortgages on the basis of a benchmark rate specified by the EBA. To that end, the EBA has developed a formula to calculate the rate and would now like to hear the views from consumer and industry stakeholders on the approach it is proposing. The consultation runs until 20 November 2015.

  • Nick Solinger Hired As President Of FIA Tech

    Date 12/10/2015

    FIA Technology Services, a for-profit subsidiary of FIA, announced today that Nick Solinger will be joining the company as president, effective January 4, 2016. He will succeed Mary Ann Burns, who will become executive chair of the FIA Tech board of directors.

  • EBA Consults On Its Benchmark Rate Under The Mortgage Credit Directive

    Date 12/10/2015

    The European Banking Authority (EBA) published today a Consultation Paper on its proposed benchmark rate under the Mortgage Credit Directive (MCD), which requires creditors to create two illustrative examples in the European Standardised Information Sheet (ESIS) for variable rate mortgages on the basis of a benchmark rate specified by the EBA. To that end, the EBA has developed a formula to calculate the rate and would now like to hear the views from consumer and industry stakeholders on the approach it is proposing. The consultation runs until 20 November 2015.

  • UAE's Securities And Commodities Authority: Next Thursday Is Al Hijri New Year Holiday For Securities Markets

    Date 12/10/2015

    Pursuant to the Federal Authority for Government Human Resources (FAHR) circular No. (40) of 2015 concerning Al Hijri new year holiday for the UAE ministries and federal bodies, and after consultation with the management of securities markets, the Securities and Commodities Authority (SCA) announced, in a press release, that it has been decided that securities markets are to close on Thursday, October 15, 2015 and reopen on Sunday, October 18.

  • Dubai Mercantile Exchange Selects Elysian Technology For Auctions Business

    Date 12/10/2015

    The Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, has selected London-based Elysian Systems Ltd as the technology provider for its new commodity auction business.

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