News Centre

Osaka Exchange: Launch Of FTSE China 50 Index Futures

Date 28/10/2015

Osaka Exchange, Inc. (OSE) is pleased to announce the launch of futures contracts on the FTSE China 50 Index (FTSE China 50 Index futures), which will coincide with the release of the next derivatives trading system scheduled for the middle of 2016.

Dalian Commodity Exchange And Borsa Istanbul Sign Mou

Date 28/10/2015

Dalian Commodity Exchange (DCE) and Borsa Istanbul A.S. signed a memorandum of understanding (MoU) on October 23 in Istanbul, Turkey, with an aim to seek to cooperate in information sharing, product promotion and staff exchange.

Remarks At The SEC Equity Market Structure Advisory Committee Meeting, SEC Commissioner Michael S. Piwowar, Oct. 27, 2015

Date 28/10/2015

Thank you, Chair White. And thank you to the members of the Equity Market Structure Advisory Committee (the “Committee”) and the panelists for joining us today. If the last meeting was any indication, the discussion will be candid, informative, and thought-provoking. I look forward to hearing each of your views and insights. But please indulge me in acknowledging one panelist in particular. Larry Harris is a mentor, friend, colleague, and co-author, and I am delighted that the Commission has invited him to participate today. Before I proceed, I also want to thank the Staff for its hard work in advance of this event.

SIFMA Statement On Senate Passage Of Important Cybersecurity Legislation

Date 27/10/2015

SIFMA today released the following statement from president and CEO Kenneth E. Bentsen, Jr., after the Senate passed the Cybersecurity Information Sharing Act (CISA): 

“We commend the Senate for taking bipartisan action on this important issue and applaud Senators Burr and Feinstein for their leadership in moving this critical legislation one step closer to becoming law. We also recognize the Administration for their active support and emphasis on improving our cybersecurity.  Cyber threats posed by criminals, hacktavists, nation states and terrorists are among the most serious threats facing the financial services industry and our nation’s economic prosperity. Enhanced information sharing is essential to enable the private sector to better protect consumers’ sensitive data and mitigate the risks posed by rapidly evolving and increasingly malicious cyber threats. SIFMA’s recent Quantum Dawn 3 cybersecurity exercise validated the importance of public-private information sharing in responding to a cyber attack that could disrupt confidence in the financial system and broader economy. "

Thomson Reuters Releases ‘7 Reasons the World Will Be Sustainable’ Multimedia Feature: Global Experts Working Towards An Answer

Date 27/10/2015

Thomson Reuters today released a multimedia feature entitled, '7 Reasons the World Will be Sustainable,' which examines the conflux of drivers that will enable sustainability globally.  The drivers include transparency, catastrophe, science & innovation as well as the role of: heroes, regulators, investors and collaborators in this effort.  The feature provides pathways for success following the United Nations Sustainable Development Summit 2015, when the world focused  its attention on 17 goals for the earth’s changing climate, natural resources distribution and prosperity.

New York State Department Of Financial Services Now Accepting Applications For Crédit Agricole Independent Monitor

Date 27/10/2015

The New York State Department of Financial Services (“the Department”) is accepting applications from firms interested in serving as the independent monitor for Crédit Agricole S.A. and Crédit Agricole Corporate & Investment Bank New York Branch (collectively, “Crédit Agricole” or “the Bank”), pursuant to paragraphs 26 through 37 of the Department’s October 19, 2015 Consent Order.

FINRA Orders An Additional Five Firms To Pay $18 Million In Restitution To Charities And Retirement Accounts Overcharged For Mutual Funds

Date 27/10/2015

The Financial Industry Regulatory Authority (FINRA) announced today that it has ordered five firms to pay restitution estimated at more than $18 million, including interest, to affected customers for failing to waive mutual fund sales charges for eligible charitable organizations and retirement accounts. The following firms were sanctioned.

EBA: Consultation On Guidelines On How Information Should Be Provided Under The BRRD (EBA/CP/2015/18)

Date 27/10/2015

The European Banking Authority (EBA) launched today a consultation on draft Guidelines on how confidential information collected under the Bank Recovery and Resolution Directive (BRRD) should be disclosed in summary or collective form without identifying individual institutions or relevant entities. The aim of the Guidelines is to promote symmetric information and convergence of supervisory and resolution practices regarding the disclosure of confidential information. The consultation runs until 27 January 2016.

SEC: Developer, Former Top Execs Charged For Improper Accounting Of Real Estate Assets During Financial Crisis

Date 27/10/2015

The Securities and Exchange Commission today charged The St. Joe Company, a Watersound, Florida-based real estate developer and landowner, its former top executives, and two former accounting department directors, with improperly accounting for the declining value of its residential real estate developments during the financial crisis. As a result of this misconduct, St. Joe reported materially overstated earnings and assets in 2009 and 2010.

EBA Consults On Guidelines On How Confidential Information Collected Under The BRRD Should Be Disclosed

Date 27/10/2015

The European Banking Authority (EBA) launched today a consultation on draft Guidelines on how confidential information collected under the Bank Recovery and Resolution Directive (BRRD) should be disclosed in summary or collective form without identifying individual institutions or relevant entities. The aim of the Guidelines is to promote symmetric information and convergence of supervisory and resolution practices regarding the disclosure of confidential information. The consultation runs until 27 January 2016.