The European Securities and Markets Authority (ESMA) has published an Opinion on practices to be observed by investment firms when selling complex financial products to investors. ESMA is issuing this opinion to remind national supervisors and investment firms about the importance of requirements governing selling practices under MiFID (Markets in Financial Instruments Directive).

EDHEC-Risk Institute welcomes delay of European Parliament vote on the regulation of financial benchmarks and calls for high and uniform standards of transparency to allow investors to make informed decisions and promote integrity, competition and innovation in the indexing industry

Fitch Ratings has affirmed Russia's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB' with a Stable Outlook. The issue ratings on Russia's senior unsecured foreign and local currency bonds have also been affirmed at ‘BBB'. The Short-term rating has been affirmed at 'F3' and the Country Ceiling at 'BBB+'.

Deutsche Bank announced today that, as part of a collective settlement, it has reached agreement with the European Commission on a resolution of its investigations into the submission of interbank offered rates.

The European Securities and Markets Authority (ESMA) has published a Report identifying a number of deficiencies in the processes for producing and issuing sovereign ratings at the three largest credit rating agencies (CRAs), Fitch Ratings, Moody's Investors Service and Standard & Poor's.