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'Utility' Model Could Trim Banks' $9 Billion Trade Processing Costs By Up To 40 Percent, According To Broadridge Report

Date 22/09/2015

Large banks spend between $6 billion and $9 billion processing standardized trades each year, and could reduce those costs by up to 40 percent by adopting a "utility" model, according to a new study by Broadridge Financial Solutions, Inc. (NYSE:BR). The study says that by sharing in a range of trade processing functions – from core post-trade processing, reference data and reconciliations to trade expense management, corporate actions, and tax and regulatory reporting – in a utility model, the industry could save up to $4 billion annually.
Financial Stability Board: Progress Report On Work To Enhance CCP Resilience

Date 22/09/2015

The Financial Stability Board (FSB), the Basel Committee on Banking Supervision (BCBS), the Committee on Payments and Markets Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) today released a progress report on their work to enhance the resilience, recovery planning and resolvability of central counterparties (CCPs). The progress report provides an update on delivery against the 2015 workplan developed by these bodies to ensure effective coordination of policy work to make CCPs more resilient. The workplan is also released today.
The UK Financial Conduct Authority Has Today Published A Final Notice For Keydata’s Former Finance Director, Craig McNeil, Fining Him £350,000 And Prohibiting Him From Performing Any Significant Influence Function

Date 22/09/2015

The Financial Conduct Authority (FCA) has fined Mr McNeil £350,000 and prohibited him from performing any significant influence function for failing to comply with Statements of Principle 4 and 6 of the FCA’s Statements of Principle and Code of Practice for Approved Persons.
Fidessa Announces Partnership Program - Brings Innovative Third Party Services To Fidessa Community

Date 22/09/2015

Fidessa group plc (LSE: FDSA) today announced the launch of its Partnership Program which enables selected third parties to integrate their services directly into Fidessa's global trading workflow platform.
Monetary Authority Of Singapore: Enforcement Actions Against Unlicensed Remittance Operators

Date 22/09/2015

Two women and one man, aged between 48 to 59, will be charged in Court for their suspected involvement in carrying on remittance businesses without a valid remittance licence issued by the Monetary Authority of Singapore (MAS).

Bank Of England: The Forum Is Open

Date 22/09/2015

On 11 November, the Bank of England will bring together every kind of stakeholder in financial markets to discuss how we build real markets for the good of the people. The event was first announced by Governor Mark Carney at Mansion House in June.
EEX Exchange Council Approves Product Expansion With British Power Futures - Debate Regarding Price Zone Design – Representative Of Energy Science Elected

Date 22/09/2015

On 16 September 2015, the meeting of the Exchange Council of the European Energy Exchange (EEX) was held in Zurich and was chaired by Peter Heydecker, Vitol SA. At the meeting, the focus was on the expansion of the product portfolio with British Power Futures as well as the discussion of the regulatory environment, in particular, the price zone debate.
UK’s Financial Conduct Authority Makes Final Appointment To ExCo With Georgina Philippou As Chief Operating Officer

Date 22/09/2015

The Financial Conduct Authority’s Acting Chief Executive Tracey McDermott today announced the final appointment to the FCA’s Executive Committee with Georgina Philippou becoming the new Chief Operating Officer.
S&P Capital IQ Launches Enhanced SME Scorecard To Measure Credit Risk For Women-Led SMEs In Emerging Markets - Credit Assessment Scorecard Developed To Help Women Small Business Owners In Capital Markets

Date 22/09/2015

With an eye on helping to close the lending gap for small, women-owned businesses in emerging markets, S&P Capital IQ, a leader in financial data, research and analytics, today announced the launch of an SME (Small and Medium Enterprises) Scorecard, designed to provide a consistent and transparent lending framework for financial institutions that removes biases, specifically gender, and thus helps to level the playing field for women-owned small businesses.
EEX To Launch UK Power Futures On 16 November 2015

Date 22/09/2015

EEX will extend its product suite in European power derivatives with the introduction of finan-cially settled UK Power Futures on 16 November 2015. The new products will be settled against the APX Power UK Auction Price and will be integrated into the ECC cross-margining system.