Search Results for: Marks
ESMA finalises Advice on Future Rules for Financial Benchmarks
November 10th, 2016
The European Securities and Markets Authority (ESMA) has finalised its technical advice to the European Commission on important aspects of future rules for benchmarks. In particular, ESMA provides advice on: how benchmarks’ reference values can be calculated by using ...
Longstanding Marks & Spencer GC announces retirement
August 31st, 2016
One of the longest-serving leaders in the UK in-house legal sector has decided it’s time to retire. Marks & Spencer general counsel Robert Ivens is retiring from the company he has called home for more than 30 years. Mr ...
Marks & Spencer is going downmarket to try and rescue its clothing business
May 25th, 2016
Marks & Spencer put out another bad set of results on Wednesday— something that has become a tradition for the struggling retailer. Annual sales at M&S were up 2.4% to £10.4 billion ($15.2 billion) but pre-tax profit collapsed by 19.5% ...
Bloomberg Confirms its FX Benchmarks Comply with IOSCO Principles
May 12th, 2016
Bloomberg announced today the successful completion of an independent assessment confirming the alignment of the BFIX family of benchmarks with the International Organization of Securities Commissions’ principles for financial benchmarks. The assessment was conducted by Ernst & Young LLP ...
Thomson Reuters acquires FX Benchmarks from State Street Corporation
April 4th, 2016
Thomson Reuters today announced it has acquired WM/Reuters FX benchmark rate calculation business of The World Markets Company (WM) from State Street Corporation. The acquisition will be effective immediately. The acquisition of the WM/Reuters FX benchmark means Thomson Reuters ...
Most Asian markets up in wake of dovish Yellen remarks, but Nikkei lags
March 30th, 2016
Most Asian markets advanced after remarks from Federal Reserve chair Janet Yellen assuaged concerns about a near-term interest rate hike, but Japan’s shares retreated as the yen strengthened. “Janet Yellen doubled down on dovishness, in a speech full of risks to ...
Fair, reasonable and non-discriminatory access to regulated benchmarks
February 8th, 2016
In this Policy Statement FCA reports on the main issues arising from Consultation Paper 15/18 (Fair, reasonable and non-discriminatory access to regulated benchmarks) and publish the final rules. FCA Policy Statement as published: Why are we issuing this policy ...
Barclays to Sell Former Lehman Bond Benchmarks to Bloomberg
December 17th, 2015
Bank makes $721 million gain selling analytics, index business Sale comes as new CEO Jes Staley speeds up non-core disposals Barclays Plc agreed to sell the indexing business built around former Lehman Brothers benchmarks to Bloomberg LP for about ...
Eurogroup urges Athens to deliver reforms in a week – Remarks by J. Dijsselbloem
November 10th, 2015
Greece failed to secure the release of 2 billion euros in bailout funding at a Eurogroup summit on Monday, as expected, with creditors prodding Greek officials to push forward with outstanding reforms and reach a compromise on thorny issues ...
FTSE starts transition to include China A Shares in global benchmarks
May 26th, 2015
FTSE announces transition to include China A Shares in global indexes Two new transitional emerging markets indexes launched Approximately 5% initial A Shares weighting in the FTSE Emerging inclusion indexes, rising to 32% when China A Shares become fully ...
