Committee of Wise Men on the Regulation of European Securities Markets

EBA publishes validation requirements on initial margin models

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Friday, July 7, 2023
RTS, European Insurance and Occupational Pensions Authority, European Market Infrastructure Regulation, European Banking Authority, Financial Services and Markets Authority (Belgium), Civil service commission, Opinion, BCBS, European Securities and Markets Authority, Article, EBA, IM, Committee of Wise Men on the Regulation of European Securities Markets, European, Basel Committee on Banking Supervision, OTC, Bank, Compliance, International Organization (journal), International Organization of Securities Commissions, EMIR, Securities commission, European Commission, IOSCO, Cryptocurrency, Medical device, EU

06 July 2023

Key Points: 
  • 06 July 2023
    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on Initial Margin Model Validation (IMMV) under the European Markets Infrastructure Regulation (EMIR).
  • These draft RTS set out the supervisory procedures to ensure the prudent use of initial margin models for OTC derivatives.
  • The requirements set out in the RTS envisage a phased-in implementation of the supervisory requirements to ensure a smooth model validation process.
  • Jointly with the RTS, the EBA published an Opinion on IMMV, calling on co-legislators and the European Commission to consider the establishment of a centralised validation function at the EBA to ease the coordination issues linked to the validation of IM models that have industry-wide application.

Fabio Panetta: Central clearing in turbulent times: frontiers in regulation and oversight

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Friday, June 23, 2023
CCP, Review, Federal Reserve Bank, Human, European Central Bank, Particular, International, Board, European Parliament, European Securities and Markets Authority, Central bank, Communication, Disclosure, Risk management, Committee of Wise Men on the Regulation of European Securities Markets, Central, Basel Committee on Banking Supervision, Attention, Board of directors, Finance, Frankfurt, Committee, Market, FSB, International Organization of Securities Commissions, Executive Board of the European Central Bank, Financial Stability Board, Risk, ECB, Council, CPMI, Recovery, G20, Efficiency, Bank, International Organization (journal), Reproduction, Conference, IOSCO, Medical device, Insurance, Security (finance), Creative industries, Renewable energy, Cryptocurrency, EU, European
Key Points: 

EQS-News: Logwin with reduced sales and earnings development in line with the market in the first quarter of 2023

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Monday, May 1, 2023
Tanja Logwin, Atmosphere, Internet, European Securities and Markets Authority, Annual, Risk management, Magazine, Committee of Wise Men on the Regulation of European Securities Markets, EBITA, APM, Market, Atmosphere of Earth, Air Ocean Airlines, ESMA, KPI-driven code analysis, Lithium, Cryptocurrency, COVID-19, EUR

Nevertheless, inflation rates for goods and services remained high in the first three months of 2023 and had a dampening effect on consumption and investment.

Key Points: 
  • Nevertheless, inflation rates for goods and services remained high in the first three months of 2023 and had a dampening effect on consumption and investment.
  • Revenues The Logwin Group's sales of EUR 362.4m declined as expected in the first quarter of 2023 following the surge in sales in previous years (2022: EUR 587.9m).
  • in line with the European Securities and Markets Authority‘s (ESMA) Guidelines on Alternative Performance Measures (APM) dated 5 October 2015.
  • The Quarterly statement as of 31 March 2023 of Logwin Group is available on the internet at:  www.logwin-logistics.com

Argus completes 11th benchmark review

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Friday, October 7, 2022
Benchmark, BMR, Metal, Argus, Iosco, LPG, Argus Media, Review, Natural gas, ABA, Committee of Wise Men on the Regulation of European Securities Markets, Pras, Biofuel, Biomass, European Securities and Markets Authority, International Organization (journal), International Organization of Securities Commissions, Fertilizer, PricewaterhouseCoopers, PRA, EU, G20, Compliance, Financial Market Authority (Liechtenstein), Renewable energy, Risk management

LONDON, Oct. 7, 2022 /PRNewswire/ -- Leading global energy and commodity price reporting agency Argus has successfully completed the 11th external assurance review of its energy and commodity benchmarks and other key prices.

Key Points: 
  • LONDON, Oct. 7, 2022 /PRNewswire/ -- Leading global energy and commodity price reporting agency Argus has successfully completed the 11th external assurance review of its energy and commodity benchmarks and other key prices.
  • The prices reviewed included those published by Argus Media and those administered by Argus Benchmark Administration (ABA).
  • Argus became the first PRA to complete an independent review of oil benchmarks, in October 2013, and was the first to extend the Iosco PRA Principles to non-oil energy benchmarks, in January 2014.
  • Argus' policies and procedures, together with the full assurance review, and its price assessment methodologies are available online .

Sachem Capital Corp. Prices Registered Public Offering of $35.0 Million 8.00% Notes

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Wednesday, August 17, 2022
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BRANFORD, Conn., Aug. 17, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $35.0 million aggregate principal amount of 8.00% unsecured, unsubordinated notes due 2027 (Notes).

Key Points: 
  • BRANFORD, Conn., Aug. 17, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $35.0 million aggregate principal amount of 8.00% unsecured, unsubordinated notes due 2027 (Notes).
  • The net proceeds of the offering to Sachem Capital Corp. are expected to be approximately $33.7 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the company.
  • The company has granted the underwriters a 30-day option to purchase up to an additional $5.25 million aggregate principal amount of Notes to cover over-allotments, if any.
  • The Notes will rank pari passu with all the companys unsecured, unsubordinated indebtedness, whether currently outstanding or issued in the future.

Sachem Capital Corp. Prices Registered Public Offering of $27.5 Million of 7.125% Notes

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Friday, May 6, 2022
Nationally recognized statistical rating organization, U.S. Securities and Exchange Commission, Rehabilitation, William Blair & Company, LLC, GLOBE, National Association, NYSE, Company, Committee of Wise Men on the Regulation of European Securities Markets, Security (finance), Oklahoma Insurance Commissioner, Acquisition, Annual report, 4th floor, Note, Egan-Jones Ratings Company, Sale, Credit, EDGAR, European Securities and Markets Authority, National Association of Insurance Commissioners, Attention, Arch Street (Philadelphia), Suite, REIT, Financial Services and Markets Authority (Belgium), Audit

BRANFORD, Conn., May 06, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $27.5 million aggregate principal amount of 7.125% unsecured, unsubordinated notes due five years from the date of issuance (Notes).

Key Points: 
  • BRANFORD, Conn., May 06, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $27.5 million aggregate principal amount of 7.125% unsecured, unsubordinated notes due five years from the date of issuance (Notes).
  • The net proceeds of the offering to Sachem Capital Corp. are expected to be approximately $26.3 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the company.
  • The company has granted the underwriters a 30-day option to purchase up to an additional $4.125 million aggregate principal amount of Notes to cover over-allotments, if any.
  • The Notes will rank pari passu with all the companys unsecured, unsubordinated indebtedness, whether currently outstanding or issued in the future.

Sachem Capital Corp. Prices Registered Public Offering of $50.0 Million of 6.00% Notes

Retrieved on: 
Thursday, March 3, 2022
Nationally recognized statistical rating organization, 4th floor, Arch Street (Philadelphia), Rehabilitation, Committee of Wise Men on the Regulation of European Securities Markets, Security (finance), U.S. Securities and Exchange Commission, Annual report, William Blair & Company, Financial Services and Markets Authority (Belgium), National Association, LLC, Credit, NYSE, Suite, Sale, Egan-Jones Ratings Company, Company, Note, REIT, Acquisition, Attention, EDGAR, National Association of Insurance Commissioners, European Securities and Markets Authority, Oklahoma Insurance Commissioner, GLOBE, Audit

BRANFORD, Conn., March 03, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $50.0 million aggregate principal amount of 6.00% unsecured, unsubordinated notes due five years from the date of issuance (Notes).

Key Points: 
  • BRANFORD, Conn., March 03, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $50.0 million aggregate principal amount of 6.00% unsecured, unsubordinated notes due five years from the date of issuance (Notes).
  • The net proceeds of the offering to Sachem Capital Corp. are expected to be approximately $48.2 million after payment of underwriting discounts and commissions and estimated offering expenses payable by Sachem Capital Corp.
  • Sachem Capital Corp. has granted the underwriters a 30-day option to purchase up to an additional $7.5 million aggregate principal amount of Notes to cover over-allotments, if any.
  • The Notes have a private credit rating of BBB+ from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.

Argus completes tenth benchmark review

Retrieved on: 
Thursday, October 7, 2021
Benchmark, Biomass, Argus Media, Biofuel, PRA, EU, G20, Natural gas, Metal, Committee of Wise Men on the Regulation of European Securities Markets, International Organization of Securities Commissions, ABA, International Organization (journal), Review, LPG, PricewaterhouseCoopers, Pras, Argus, BMR, Compliance, Iosco, European Securities and Markets Authority, Audit, Oil

LONDON, Oct. 7, 2021 /PRNewswire/ -- Leading global energy and commodity price reporting agency Argus has successfully completed the tenth external assurance review of its energy and commodity benchmarks and other key prices.

Key Points: 
  • LONDON, Oct. 7, 2021 /PRNewswire/ -- Leading global energy and commodity price reporting agency Argus has successfully completed the tenth external assurance review of its energy and commodity benchmarks and other key prices.
  • The prices reviewed included those published by Argus Media and those administered by Argus Benchmark Administration (ABA).
  • Argus became the first PRA to complete an independent review of oil benchmarks, in October 2013, and was the first to extend the Iosco PRA Principles to non-oil energy benchmarks, in January 2014.
  • Argus' description of its policies and procedures, together with the full assurance review, are publicly available , and Argus' price assessment methodologies are also online .

OSC seeks applications for the Securities Proceedings Advisory Committee

Retrieved on: 
Wednesday, October 17, 2018
Securities regulation in the United States, Tribunal, Financial regulation, United States securities law, Government, Securities and Exchange Board of India, Committee of Wise Men on the Regulation of European Securities Markets

The committee consists of staff from the Office of the Secretary and the Enforcement Branch and 10 to 12 members representing the private sector.

Key Points: 
  • The committee consists of staff from the Office of the Secretary and the Enforcement Branch and 10 to 12 members representing the private sector.
  • In addition, members are consulted from time to time on tribunal initiatives and may be required to provide written feedback.
  • Applicants should have an excellent knowledge of Ontario securities law, have significant practice experience in securities litigation, and a strong interest in the development of securities regulatory proceedings policy.
  • The committee is chaired by Grace Knakowski, Secretary to the Commission.