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Disruptive Innovation In Financial Markets - Speech By Mary Starks, Director Of Competition, FCA, Delivered At The Organisation For Economic Cooperation And Development, Paris.

Date 26/10/2015

Good afternoon everyone, I would like to thank the OECD for inviting me here today to the competition meeting to discuss disruptive innovation in financial services.

Correcting And Replacing Intercontinental Exchange To Acquire Interactive Data Corporation From Silver Lake And Warburg Pincus In $5.2 Billion Cash And Stock Transaction

Date 26/10/2015

Sixth paragraph, second sentence of release should read: IDC shareholders will receive consideration of $3.65 billion in cash and $1.55 billion in Intercontinental Exchange common shares (instead of $1.55 million in Intercontinental Exchange common shares).

Athens And Shanghai Exchanges Commit To Foster A Mutually Beneficial Relationship

Date 26/10/2015

The Athens Stock Exchange (ATHEX) and the Shanghai Stock Exchange (SSE) signed a Memorandum of Understanding (MOU) Friday in which they committed to facilitate the development of channels of communication and to foster a continuing relationship.

CFTC Issues Order Of Exemption From Registration As A Derivatives Clearing Organization To Japan Securities Clearing Corporation

Date 26/10/2015

The U.S. Commodity Futures Trading Commission (Commission) today issued an order of exemption from registration as a derivatives clearing organization (DCO) to Japan Securities Clearing Corporation (JSCC). The Commission issued this order based on its authority under Section 5b(h) of the Commodity Exchange Act.

In A Move To Integrate The Private Sector In Development Plans... EGX Concludes Its First Sustainability Conference

Date 26/10/2015

• Salman: financing sustainable development goals need $ 4.5 trillion in 2030
• Salman: EGX is a leader in applying sustainability criteria and encourage companies to apply them.
• Waly: empowering women can increase the national income by about 38%.
• Waly: insurance investments in the stock market achieved tangible success on the long term and we are studying to increase them.
• Samy: Amendments during the coming period in the capital market law to allow not-for-profit funds to invest.
• Omran: Applying sustainability helps companies to be open for a huge size of investments.
• Omran: EGX is supporting sustainability and is insisting to spread awareness about it, and the coming period will witness a number of meetings and workshops to raise the community’ awareness about the sustainability plan’ importance.

Singapore’s OCBC Bank To Issue Letters Of Credit For Dubai Mercantile Exchange Trading

Date 26/10/2015

Dubai Mercantile Exchange (DME) has announced that Singapore-headquartered OCBC Bank has become the latest global banking institution to receive approval for issuing Letters of Credit (LCs) for trading on the Exchange.

The Dubai Financial Services Authority Hosts Workshop On Fundamentals Of Islamic Banking And Finance

Date 26/10/2015

The Dubai Financial Services Authority (DFSA) hosted yesterday a workshop on Islamic finance as part of its Bawabaty'My Gateway' initiative that was launched last year with the aim to meet the needs of UAE Nationals wishing to pursue a career in financial services; to provide lifelong learning opportunities for our local community; and to support community education in financial services.

EBA Publishes Final Templates And Instructions For The Quantitative Impact Study On The Definition Of Default

Date 26/10/2015

The EBA published today the final set of templates and instructions that institutions participating  in the Quantitative Impact Study (QIS) on the definition of default should complete and submit to their respective Competent Authorities (CAs) by 10 December 2015 at the latest.

SEC: Remarks Before The UCI Audit Committee Summit, James Schnurr, Chief Accountant, Newport Beach, CA , Oct. 23, 2015

Date 26/10/2015

Introduction

Thank you for the kind introduction and invitation to speak with you today.  Before I begin, let me remind you that the views expressed today are my own and not necessarily those of the Commission, the individual Commissioners, or other colleagues on the Commission Staff.

Let me start by thanking you for the important and difficult role you play in protecting investors.  In my former life as an audit partner, I had the opportunity to interact with audit committees at not only some of my firm’s largest audit clients, but also some small and mid-size audit clients.  Through those interactions, I have seen significant improvement in the quality and performance of audit committees in their integral role with respect to investor protection.  Among other things, they provide oversight over, and serve as a check and balance on, a company’s financial reporting system.  

Keynote Remarks Of CFTC Chairman Timothy Massad Before The Swap Execution Facility Conference, SEFCON VI, October 26, 2015

Date 26/10/2015

Thank you, Shawn for that warm welcome. It’s great to be back at SEFCON. When I was here last year, I spoke about some of the principles guiding my approach to the regulation of swaps trading and swap execution facilities (SEFs). And I spoke about what I believe we should be trying to achieve in the long run.

My overall goal remains the same as it was then. And that is to create a regulatory framework that not only implements the trading mandate in the law and achieves the basic goals of transparency, fairness and integrity in trading – but also one that creates conditions in which participants want to trade on SEFs. A framework that provides a foundation on which the market can thrive and grow.