Press release about the Basel Committee issuing a progress report on banks' implementation of the principles for effective risk data aggregation and reporting (28 March 2017).
Progress report on banks' implementation of the principles for effective risk data aggregation and reporting issued by the Basel Committee
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Progress in adopting the "Principles for effective risk data aggregation and risk reporting"
The Basel Committee on Banking Supervision has today issued the progress report on banks' implementation of the principles for effective risk data aggregation and reporting (the Principles). The Principles, issued in January 2013, aim to strengthen risk data aggregation and risk reporting practices at banks to improve their risk management practices, decision-making processes and resolvability.
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Global Spend On Financial Market Data & News Topped $27 Billion In 2016 According To Latest Burton-Taylor Report - Bloomberg Revenue Grew, But Terminal Users Shrank For Second Time In History - S&P Global Companies Dominated Performance - Data Feed Products Led Growth; Risk & Compliance Users Provided Strongest Demand
Spend on market data, analysis and news has topped USD$27 billion for the first time according to Burton-Taylor International Consulting’s latest report published today. The findings show a 3.45% increase in global spend for financial information last year, reaching USD$27.48 billion.
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ThinkMarkets Cuts Latency On ThinkTrader Mobile App With Neumob Solution
ThinkMarkets a leading financial services provider of forex, CFDs and financial spread betting has enhanced its ThinkTrader mobile trading app through the implementation of Neumob’s SDK, an app acceleration framework, to significantly reduce latency for global forex and CFD traders.
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UK Parliament Lords Select Committee: Committees Disappointed By Government Response To Brexit: The Options For Trade Report
Baroness Verma and Lord Whitty, Chairmen of the EU External Affairs and Internal Market Sub-Committees, have sent a letter to Lord Bridges of Headley MBE, Parliamentary Under-Secretary of State, Department for Exiting the EU, and Lord Price CVO, Minister of State for Trade Policy, Department for International Trade, requesting clarification and further information on their responses to their report's conclusions and recommendations.
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Margrethe Vestager, EU Commissioner For Competition, To Hold Press Conference On Wednesday, 29th March - LSEG/Deutsche Boerse Merger Verdict Expected
Margrethe Vestager, EU Commissioner for competition, will hold a press conference on Wednesday, 29th March, 2017, where she is expected to announce a decision on the London Stock Exchange Group, Deutsche Beoerse merger case.
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Japan's Financial Services Agency: Amendment To The Letters Exchanged With The Financial Regulatory Commission Of Mongolia
1. On March 28th, 2017, the Financial Regulatory Commission of Mongolia (FRC) and the Financial Services Agency (FSA) agreed to amend the letters exchanged between them, concerning sharing of experience and expertise.
*This amendment clarifies that the subject of cooperation between the FRC and FSA is not limited to capital-market related matters, but also includes issues surrounding insurance and non-banking sectors.
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Global systemically important banks - revised assessment framework - consultative document
In July 2013, the Basel Committee published the Global systemically important banks assessment methodology and higher loss absorbency requirement. The identification methodology assesses the relative systemic importance of internationally active banks based on 12 indicators in five categories, resulting in a score that measures the systemic importance of each bank. The bank's overall score is mapped to buckets that are associated with a ...
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Revisions to the global systemically important banks assessment framework proposed by the Basel Committee
Press release about revisions to the global systemically important banks assessment framework proposed by the Basel Committee, 30 March 2017.
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EEX Exchange Council Confirms PXE Product Migration - PXE Power Derivatives Will Be Tradable Via EEX T7 Platform
On 23 March 2017, the Exchange Council of the European Energy Exchange (EEX) held their first meeting of 2017 in Lyon. The meeting was chaired by Dr Michael Redanz, Managing Director of EWE Trading GmbH. During the meeting, the Exchange Council discussed the extension of EEX’s power derivatives product range with contracts currently listed on Power Exchange Central Europe (PXE). The Exchange Council also approved the re-appointment of Steffen Köhler and Dr. Tobias Paulun to the Exchange Management Board of EEX, in addition to confirming new appointments to the Sanction Committee of EEX.
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EPEX SPOT SE: 30-Minute Continuous Intraday Trading Successfully Launched In France, Germany And Switzerland - 450.45 MWh Traded In First 24 Hours
The European Power Exchange EPEX SPOT and the clearing house European Commodity Clearing (ECC) have successfully introduced 30-minute continuous trading of power spot contracts in the intraday markets in France, Germany and Switzerland, enabling local and implicit cross-border trades on the respective borders. 450.45 MWh have been traded during the first 24 hours, with 118.65 MWh in France, 328.20 MWh in Germany and 3.6 MWh in Switzerland. Cross-border trades accounted for 48% of the total traded volume.
Cross-border capacity allocation in 30-minute-sequences by the Transmission System Operators (TSOs) Amprion, RTE, Swissgrid and TransnetBW was already possible since 2015. As the central counterparty of all EPEX SPOT transactions, ECC assumes clearing and settlement of the new contracts.
The new 30-minute contracts on the continuous Intraday markets are designed to manage emerging flexibility challenges of power markets more efficiently. Until now, the smallest time unit traded on the French Intraday Market was fixed to one hour. “This product brings a true benefit to our customers. The introduction of the 30-minute contracts will help French, German and Swiss market participants to fulfil their balance requirements towards the French transmission system operator and will give further trading possibilities with the German and Swiss members” explains Jonas Törnquist, Chief Operating Officer of EPEX SPOT.
The local trading of half-hour contracts for the next day opens at 15:30 in France, Germany and Switzerland, right between the opening of the hourly and quarterly contracts at 15:00 and 16:00 respectively. Local trading closes 30 minutes before the start of delivery in France and Germany and 60 minutes before the start of delivery in Switzerland.
The timings of cross-border trading of half-hour contracts are aligned with the timings of capacity allocation on the Franco-German and Franco-Swiss borders, meaning cross-border trades open at 18:00 for the German-Swiss border and at 21:05 for the Franco-German and Franco-Swiss borders.
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UBS MTF Market Notice: Trading Holidays
This market notice is to inform you that UBS MTF will be closed on the following days in 2017:
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ESMA Updates List Of Recognised Third-Country CCPs
The European Securities and Markets Authority (ESMA) has updated today its list of recognised central counterparties (CCPs) based in third countries. Today’s update concerns the recognition of six non-EU central counterparties (CCPs).
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BCBS 239 Progress Report: Is Risk Data Aggregation and Reporting a One-time Compliance Exercise or a Dynamic, Ongoing Process?
James Jockle↧
CFTC Acting Chairman Giancarlo Appoints James McDonald As Enforcement Director
U.S. Commodity Futures Trading Commission (CFTC) Acting Chairman J. Christopher Giancarlo today announced the appointment of James McDonald to be the Director of the agency’s Enforcement Division. Mr. McDonald, who was most recently a prosecutor in the Southern District of New York, brings to the agency a successful track record of pursuing white collar and other crimes. Mr. McDonald will assume his duties at the agency on April 10.
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SEC Names Sagar S. Teotia As Deputy Chief Accountant
The Securities and Exchange Commission today announced the appointment of Sagar S. Teotia as a Deputy Chief Accountant in the agency's Office of the Chief Accountant.
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Remarks Of Acting Chairman J. Christopher Giancarlo Before The 11th Annual Capital Market Summit: Financing American Business, US Chamber Of Commerce - âTransforming The CFTCâ
Good morning, thank you for that kind introduction. I want to thank David Hirschmann, the US Chamber and the CCMC for inviting me to speak this morning. It is an honor to be with you.
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VTB And Skolkovo Foundation Select The Best In Russian FinTech Innovations
VTB held its quarterly FinTech project selection event together with the Skolkovo Foundation, the principal agency responsible for the Russian Skolkovo Innovation Center, a scientific and technological centre for the development and commercialisation of advance technologies. VTB’s delegation was led by Olga Dergunova, Deputy President and Chairman of VTB Bank Management Board. It included the corporate, retail, investment and transactional banking arms of the VTB Group, represented by delegates from the management of VTB, VTB24, VTB Capital and Post Bank.
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SEC Charges Pastor With Defrauding Retirees
The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze obtained against a Michigan-based pastor accused of exploiting church members, retirees, and laid-off auto workers who were misled to believe they were investing in a successful real estate business.
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Multiperiod Martingale Transport. (arXiv:1703.10588v1 [math.PR])
Consider a multiperiod optimal transport problem where distributions $\mu_{0},\dots,\mu_{n}$ are prescribed and a transport corresponds to a scalar martingale $X$ with marginals $X_{t}\sim\mu_{t}$. We introduce particular couplings called left-monotone transports; they are characterized equivalently by a no-crossing property of their support, as simultaneous optimizers for a class of bivariate transport cost functions with a Spence--Mirrlees property, and by an order-theoretic minimality property. Left-monotone transports are unique if $\mu_{0}$ is atomless, but not in general. In the one-period case $n=1$, these transports reduce to the Left-Curtain coupling of Beiglb\"ock and Juillet. In the multiperiod case, the bivariate marginals for dates $(0,t)$ are of Left-Curtain type, if and only if $\mu_{0},\dots,\mu_{n}$ have a specific order property. The general analysis of the transport problem also gives rise to a strong duality result and a description of its polar sets. Finally, we study a variant where the intermediate marginals $\mu_{1},\dots,\mu_{n-1}$ are not prescribed.
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