Press releases

US Agencies Announce Rules to Reflect ISDA Protocol in Regulatory Capital and Liquidity Coverage Ratio Rules

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The Board of Governors of the Federal Reserve System and Office of the Comptroller of the Currency today issued an interim final rule to ensure that the treatment of over-the-counter (OTC) derivatives, eligible margin loans, and repo-style transactions under the two agencies’ regulatory capital and liquidity coverage ratio rules would be unaffected by the implementation of certain foreign special resolution regimes for financial companies or by a banking organization’s adherence to the International Swaps and Derivatives Association’s Resolution Stay Protocol.

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Basel Committee: Criteria for identifying simple, transparent and comparable securitisations

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The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) released today a consultative document on Criteria for identifying simple, transparent and comparable securitisations.

The purpose of these criteria is to identify – and to assist the financial industry’s development of – simple, transparent and comparable securitisations structures, as well as to help parties involved in a securitisation transaction evaluate the risks of a particular securitisation as part of their due diligence on securitisations.

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Basel Committee: Net Stable Funding Ratio disclosure standards – consultative document

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Disclosure requirements for the Net Stable Funding Ratio (NSFR) have been developed to improve the transparency of regulatory funding requirements, reinforce the Principles for Sound Liquidity Risk Management and Supervision, strengthen market discipline, and reduce uncertainty in the markets as the NSFR is implemented.

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Fed Reverse Repo goes from 10bps to 5 bps

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As noted in the October 29, 2014, Statement Regarding Reverse Repurchase Agreements, the Open Market Trading Desk at the Federal Reserve Bank of New York has been conducting daily overnight reverse repo (ON RRP) operations as part of an operational readiness exercise and has recently been adjusting the offering rate of these operations on a periodic basis.

Beginning with the operation to be conducted on Monday, December 15, the offering rate of ON RRP operations will be decreased from ten basis points to five basis points. All other terms of the exercise will remain the same.

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Press Release - ESMA reviews supervisory practices on MiFID investor information

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The European Securities and Markets Authority (ESMA) has conducted a peer review of how national regulators (national competent authorities or NCAs) supervise MiFID conduct of business rules on providing fair, clear and not misleading information to clients.

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ESMA reviews supervisory practices on MiFID investor information

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The European Securities and Markets Authority (ESMA) has conducted a peer review of how national regulators (national competent authorities or NCAs) supervise MiFID conduct of business rules on providing fair, clear and not misleading information to clients.

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Broadridge Enhances Collateral Management Offering Through Partnership with AcadiaSoft

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LAKE SUCCESS, New York — Dec. 10, 2014 — Broadridge Financial Solutions, Inc. (NYSE: BR), has enhanced its CollateralProTM solution through a new partnership with AcadiaSoft, a company that enables automatic communication and processing of margin calls for collateral management.

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ESMA issues financial markets risk dashboard for third quarter of 2014

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The European Securities and Markets Authority (ESMA) has today published its Risk dashboard for the third quarter of 2014. ESMA’s Risk Dashboard assess the risks associated to European financial markets looking into liquidity, market, contagion and credit risks.

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Steven Maijoor speaks at EC Growth for Finance Conference in Brussels

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Steven Maijoor, ESMA Chair, spoke at the joint EU Commission/Italian Presidency Growth for Finance Conference in Brussels on How to develop capital market financing in the EU.

2014/1339 Speech

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Capital Markets Union: building competitive, efficient capital markets trusted by investors

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Steven Maijoor, ESMA Chair, spoke at the joint EU Commission/Italian Presidency Growth for Finance Conference in Brussels -

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Excerpts

"Following its launch by President Juncker in July 2014, the Capital Markets Union (CMU) is now a concept under construction and I am very happy to have been invited to contribute today to its development. When doing so, we should remember the clear objective from President Juncker who stated that the CMU should maximise the benefits of capital markets and non-bank financial institutions for the real economy.

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