Valentina Kirilova
LeapRate Analyst

Experienced independent writer and journalist with a demonstrated history of working in the global online trading sector.
February 06, 2017 BY Valentina Kirilova

Deutsche Börse post trade services provider Clearstream migrates to ECB’s T2S platform

Clearstream (Clearstream Banking Frankfurt and LuxCSD) just announced that it has successfully migrated to the ECB’s TARGET2-Securities (T2S) platform. The first business day is already in process and runs smoothly. As it is the largest T2S participant, the migration of Clearstream has added an unprecedented volume of about 40% to the overall volume on the…

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February 06, 2017 BY Valentina Kirilova

Audit regulators in Australia and in Luxembourg enter into cooperative agreement

The Australian Securities and Investments Commission (ASIC) and the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, have signed a Memorandum of Understanding that sets the stage for cooperation with regard to the oversight of statutory auditors. For the CSSF, this is the fifth cooperative agreement with an audit regulator outside of the European…

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February 06, 2017 BY Valentina Kirilova

NEX Group replaces Per Sjöberg with Stuart Connolly as CEO of post trade tech unit TriOptima

NEX Optimisation, a NEX Group PLC (LON:NXG) business which helps clients reduce complexity and optimise resources across the transaction lifecycle, just announced that Per Sjöberg, Chief Executive Officer (CEO) of TriOptima, has decided to leave the business to pursue other ventures. Michael Spencer, CEO of NEX Group plc, said: We thank Per for all of…

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ESMA bond liquidity data
February 05, 2017 BY Valentina Kirilova

ESMA publishes 2017 supervision plan for CRAs, trade repositories and third country CCPs

The European Securities and Markets Authority (ESMA) has published its Annual Report and Supervision Work Programmes setting out its main areas of supervisory focus for credit rating agencies (CRAs), trade repositories (TRs), and third country central counterparties (CCPs) in the European Union (EU). The Report also details the actions ESMA has taken in 2016 in…

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sfc warning
February 04, 2017 BY Valentina Kirilova

Hong Kong SFC adds Lamprell bank to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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February 03, 2017 BY Valentina Kirilova

CFTC orders the Royal Bank of Scotland to pay $85 million for attempted manipulation of U.S. dollar ISDAFIX benchmark swap rates

The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against The Royal Bank of Scotland plc (RBS) for attempted manipulation of the ISDAFIX benchmark and requiring RBS to pay an $85 million civil monetary penalty. The CFTC Order finds that over a five-year period, beginning in January 2007 and continuing…

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February 03, 2017 BY Valentina Kirilova

Market participants rely on Eurex FI Futures to navigate geopolitical risks

Heightened global political uncertainty marked the start of 2017. Event risks around Brexit, the new US administration and economic challenges in Europe require efficient and innovative hedging tools. In addition, market participants anticipate increasing interest rate dynamics in combination with higher inflation expectation. This prompts strong demand for Eurex Fixed Income (FI) products. In January,…

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ESMA bond liquidity data
February 03, 2017 BY Valentina Kirilova

ESMA publishes practical guide to national rules across EEA on major holdings notifications

The European Securities and Markets Authority (ESMA) has published a Practical Guide to national rules across the European Economic Area (EEA) on major holdings notifications under the Transparency Directive to help market participants navigate the different requirements. The Transparency Directive requires investors to notify issuers when they acquire or dispose of shares admitted to trading…

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