UK central bank powers to limit CCP discretionary payments to employees and shareholders came into effect from 16 February, with these powers limited to five years’ duration and with consideration given to impact on CCP hiring and staff retention
ETF QOD Europe allows clients to trade ETFs listed on a number of European primary exchanges, including the London Stock Exchange, Euronext Paris and Borsa Italiana
The report measures the effectiveness of NCAs’ supervision of CCPs’ due diligence and review process of clearing members, in line with requirements outlined in EMIR
The Memorandum of Understanding establishes a framework for the Bank of England to place reliance on the Reserve Bank of India’s regulatory and supervisory activities
The final rules, adopted yesterday, look to reinforce governance standards relating to board independence, CCP use of external service providers, and steps to reduce potential conflicts of interest relating to board members and senior management
As part of its responsibility to preserve financial stability, the Bank of England has proposed additional powers to restrict discretionary payments to CCP shareholders or employees in severe circumstances, including dividends and share buy-backs