On October 17 OCC provided comments to the Financial Stability Board (FSB) on the issue of essential aspects of CCP resolution planning. OCC supports the work being done regarding CCP resiliency and recovery, but reiterated its concern that in providing guidance regarding resolution, the FSB and other policymakers should not prevent a CCP like OCC from fully implementing its recovery plan and should avoid suggesting steps or processes that undermine the CCP recovery process. OCC said that it is very important in planning for CCP resolution that policymakers focus on resolution planning that promotes market certainty while giving resolution authorities and CCPs the flexibility to deal with actual events as they occur.
read more...OCC Comments On Essential Aspects Of CCP Resolution Planning
Beecher Carlson Announces Partnership with SecurityScorecard to Bolster Cyber Risk Evaluation and Monitoring
Beecher Carlson Insurance Services, LLC (âBeecher Carlsonâ), a specialized large account insurance broker, announced its partnership with SecurityScorecard to improve cyber risk evaluation and monitoring for clients with CyberSelectâ¢, Beecher Carlsonâs proprietary manuscript cyber coverage.
read more...DTCC Appoints Tim Keady To Lead Firm’s DTCC Solutions Businesses
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the appointment of Timothy Keady as Managing Director of DTCC Solutions and Sales & Solution Delivery. Mr. Keady assumes responsibility for leading DTCC’s Solutions businesses of derivatives, collateral, institutional post-trade processing (i.e., Omgeo products), entity data (e.g.,Avox Data Services), and data products, including DTCC’s joint venture companies of Clarient Global LLC., DTCC-Euroclear Global Collateral Ltd., and Soltra. He retains his current responsibilities as Chief Client Officer for leading the company’s sales, relationship management, and marketing and communications functions. Mr. Keady succeeds Donna Milrod, who is leaving the firm in November. He will report to Mike Bodson, President & CEO.
read more...ERIS Adds Live Points On The Yield Curve - Liquidity Providers Now Stream Firm, Tradable 3Y And 4Y Markets In The Central Limit Order Book In Response To End User Demand
Helping Operations Researchers start young
Now that my son has turned twelve, I am beginning to see among his friends a bifurcation: Â some “love” mathematics and some “hate” mathematics. Â This is frustrating to me since I know that if the kids see operations research then they will all love it. Â What is not to like? Â Coloring maps, finding paths, scheduling sports leagues…. who could ask for more? Â But if they hate mathematics now, it will be very hard to get them into operations research in the future.
read more...SIX Interbank Clearing: QR Code To Replace The Currently Used Inpayment Slips
The Board of Directors of SIX Interbank Clearing Ltd has decided to revise the inpayment slip with data code planned for mid-2018. In order to take account of the progressing digitalization, market needs and upcoming regulatory requirements, the data content of the planned QR code is being expanded. This should ensure its long-term operational sustainability.
read more...ETFGI Reports Assets Invested In ETFs/ETPs Listed Globally Reached A New Record High Of 3.408 Trillion US Dollars At The End Of Q3 2016
ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in ETFs/ETPs listed globally reached a new record high US$3.408 trillion at the end of Q3 2016. Net flows gathered by ETFs/ETPs in September were strong with US$25.19 Bn of net new assets gathered during the month marking the 32nd consecutive month of net inflows, according to preliminary data from ETFGI’s September 2016 global ETF and ETP industry insights report (click here to view the ETFGI global asset growth chart).
read more...19Oct/Harmonisation of critical OTC derivatives data elements (other than UTI and UPI) - second batch, consultative report issued by CPMI-IOSCO
19Oct/Harmonisation of critical OTC derivatives data elements (other than UTI and UPI) - second batch, consultative report
HKEX: Trading Continues During Black Rainstorm Warning
Hong Kong Exchanges and Clearing Limited (HKEX) announced that the Black Rainstorm Warning has not affected trading in the securities and derivatives markets, which continue to operate as normal. According to the rules, trading will continue until the end of today’s last trading session.
read more...Harmonisation of critical OTC derivatives data elements (other than UTI and UPI) – second batch: Consultative report issued by CPMI-IOSCO
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have today published for public comment a consultative report on Harmonisation of critical OTC derivatives data elements (other than UTI and UPI) – second batch.
read more...Dubai International Financial Centre Hosts The Second IMF Regional Economic Outlook For 2016
Dubai International Financial Centre (DIFC), the region’s leading financial hub, connecting business and financial institutions with emerging market opportunities across the Middle, East, Africa and South Asia (MEASA) region, today hosted the launch of the second Regional Economic Outlook (REO) for the Middle East, North Africa and Pakistan (MENAP) for 2016, in collaboration with the International Monetary Fund (IMF).
read more...HKEX: Stock Exchange Participants' Market Share Report
The European Association Of CCP Clearing Houses (EACH) Responds To The CPMI-IOSCO Consultative Report On CCP Resilience And Recovery
The EACH response to the consultative report on Resilience and Recovery of CCP is published today. EACH welcomes that CPMI-IOSCO has undertaken to provide clarification in order to ensure a consistent application of the Principles for Financial Market Infrastructures (PFMIs) across jurisdictions. Below you can find some of the key points included in our response:
read more...Harmonisation Of Critical OTC Derivatives Data Elements (Other Than UTI And UPI) – Second Batch - Consultative Report Issued By CPMI-IOSCO
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have today published for public comment a consultative report onHarmonisation of critical OTC derivatives data elements (other than UTI and UPI) – second batch.
read more...eClerx And FIA Tech Announce Strategic Partnership - Agreement Combines The Advantages Of eClerx’s Scale, Cost-Competitiveness And Derivatives Processing Expertise With FIA Tech’s Centralized Technology Platforms For The Global Futures Industry
eClerx and FIA Technology Services, Inc. (FIA Tech) announced a partnership today to improve efficiency across FIA Tech’s operations, data processing, and other industry utility-based services.
read more...Tokyo Stock Exchange To Begin Calculating Tokyo Stock Exchange REIT Net Total Return US Dollar Hedged Index
The Tokyo Stock Exchange has been calculating and publishing the Tokyo Stock Exchange REIT Net Total Return Index and will begin calculating the Tokyo Stock Exchange REIT Net Total Return US Dollar Hedged Index on October 19.
read more...Osaka Exchange: Handling Of TSE REIT Index Futures Contracts In Connection With Transition To Free-Float Weighting
Today, Tokyo Stock Exchange, Inc. (TSE) started gathering public comments concerning the transition in calculation methodology from “full-market capitalization weighting” to “free-float adjusted market capitalization weighting” (hereafter “free-float weighting”) for TSE REIT-related Indices.
Public Comments
If the transition is implemented as originally proposed, the underlying index of TSE REIT Index futures listed on Osaka Exchange, Inc. (OSE) will also transit to free-float weighting from the end of Jan. 2017. In addition, special quotations for final settlement prices will be calculated based on free-float shares.
Please note that the transition is due to be implemented for Mar. and Jun. 2017 contracts currently available and for Sep. and Dec. 2017 contracts set from here on forward during each respective trading period.
Update On SGX’s Proposed Acquisition Of The Baltic Exchange
Singapore Exchange (“SGX”) today announced that a Court hearing has been fixed for 7 November 2016 to sanction the proposed scheme of arrangement under Part 26 of the UK Companies Act (“Scheme”) for the acquisition of The Baltic Exchange Limited (“Baltic Exchange”).
This follows approval by the Financial Conduct Authority on 13 October 2016 of the proposed change of control of Baltic Exchange Derivatives Trading Limited, the regulated entity of the Baltic Exchange. The transaction is expected to be completed by end-November 2016.
Japan's Financial Services Agency: Comments For The Insurance Capital Standard (ICS) Second Public Consultation
The FSA submitted comments to the Insurance Association of Insurance Supervisors (IAIS) regarding the ICS Second Public Consultation.
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