Search Results for: US authorities
World Bank: How to sum up 2017?
December 19th, 2017
How to sum up 2017? The global economy improved but there were plenty of unsettling and upsetting events and trends. Catastrophic storms and flooding wrecked homes and livelihoods from South Asia to the Caribbean. Education quality in many countries ...
U.S Regulator Approves Exemption From SEF Registration for MTFs and OTFs Authorized Within the EU
December 11th, 2017
The Commodity Futures Trading Commission (CFTC) announced the issuance of an order exempting certain multilateral trading facilities (MTFs) and organised trading facilities (OTFs) authorized within the European Union (EU) from the requirement to register with the CFTC as swap ...
Next steps against fake news
December 1st, 2017
Next steps against fake news: Commission sets up High-Level Expert Group and launches public consultation. The EU Commission launched a public consultation on fake news and online disinformation and set up a High-Level Expert Group representing academics, online platforms, ...
Oil Prices Falls On Lower Chinese Crude Imports
November 8th, 2017
Oil prices fell on Wednesday as Chinese crude imports slipped to their lowest level in a year, although traders said the overall market remains well supported on the back of OPEC-led supply cuts. Traders said the market was eyeing ...
What is an Initial Coin Offering (ICO)?
November 2nd, 2017
Initial coin offerings have come out of nowhere in 2017 to become the talk of Silicon Valley and Wall Street. Programmers have raised over $3.2 billion this year by selling their own virtual currencies to investors. That is 3,000 ...
EBA announces final timeline for the 2018 EU-wide stress test
October 31st, 2017
The Board of Supervisors of the European Banking Authority (EBA) agreed in its meeting held on 24-25 October 2017 on the final timeline of the 2018 EU-wide stress test. The exercise is expected to be launched at the beginning ...
SEC Announces Measures to Facilitate European Union’s MiFID II’s Research Provisions
October 27th, 2017
Following consultation with European authorities, and in response to concerns that investors could lose access to valuable research, the staff of the U.S. Securities and Exchange Commission issued three related no-action letters. These letters are designed to provide market ...
Merrill Lynch fined £34.5 million for failures under EMIR
October 24th, 2017
Merrill Lynch International (MLI) has been fined £34,524,000 by the Financial Conduct Authority (FCA) for failing to report 68.5 million exchange traded derivative transactions between 12 February 2014 and 6 February 2016. This is the first enforcement action against ...
EU Council Approves VAT Derogation For Four States
October 20th, 2017
In Volume 60 of the Official Journal of the European Union (L 265), published October 14, the European Council approved four proposals for council implementing decisions in respect of derogation sought by member states from the EU VAT Directive. ...
EU raids banks over attempts to block financial tech rivals
October 11th, 2017
You’d think that governments were waging a war against financial technology given reports of crackdowns and tighter regulation, but the opposite is true in Europe. EU officials have confirmed that they recently raided the offices of bank authorities in ...
