News Centre

$10m Settlement On Dominion Finance Secured By New Zealand's Financial Markets Authority And Liquidators And Receivers

Date 08/06/2015

The Financial Markets Authority (FMA), together with the liquidators of Dominion Finance Group (DFG) and the receivers of North South Finance (NSF), has reached a settlement agreement in relation to civil claims against the directors of DFG and NSF. The agreement will see $10.235m paid to liquidators and receivers for distribution to investors.   

Dubai Financial Services Authority Signs MoU With Kuwaiti Counterpart

Date 07/06/2015

The Dubai Financial Services Authority (DFSA) has last week entered into a Memorandum of Understanding (MoU) with the Capital Markets Authority of Kuwait (CMA).

Deutsche Bank Appoints John Cryan To Succeed Jürgen Fitschen And Anshu Jain

Date 07/06/2015

The Supervisory Board of Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) decided at an extraordinary meeting today to appoint John Cryan (54) to the position of Co-Chief Executive Officer, effective July 1, 2015. Mr. Cryan has been a member of Deutsche Bank’s Supervisory Board since 2013, and has served as Chairman of the Audit Committee and a member of the Risk Committee. Upon becoming Co-CEO, he will step down from the Supervisory Board.

DGCX Group Receives 'Recognised Body' Status By DFSA - Recognition Allows DIFC Registered Entities Access To DGCX Group To Trade And Clear Wide Ranging Products

Date 07/06/2015

The Dubai Gold and Commodities Exchange (DGCX) and its CCP Operator arm, Dubai Commodities Clearing Corporation (DCCC) has been granted the status of a 'Recognised Body' by the Dubai Financial Services Authority (DFSA), the regulatory authority for the Dubai International Financial Centre (DIFC), enabling DIFC companies to access its products.

SEC: Structured Products – Complexity And Disclosure – Do Retail Investors Really Understand What They Are Buying And What the Risks Are? Amy M. Starr, May 14, 2015

Date 05/06/2015

Standard Disclaimer:  The Securities and Exchange Commission, as a matter of policy, disclaims responsibility for any private publication or statement by any of its employees. The views expressed herein are my own and do not necessarily reflect the views of the Commission or of my colleagues on the staff of the Commission.

CFTC Staff Announces It Is Issuing No-Action Relief From Introducing Broker And Commodity Trading Advisor Registration To Persons Located Outside The United States Engaged In Activities On Behalf Of Customers That Are International Financial Institutions

Date 05/06/2015

The U.S. Commodity Futures Trading Commission’s (Commission) Division of Swap Dealer and Intermediary Oversight (DSIO) today announced it will not recommend that the Commission take action for failure to register as an introducing broker or commodity trading advisor against persons located outside the United States that facilitate swap transactions for International Financial Institutions (IFIs) that have offices in the United States.

BM&FBOVESPA Publishes May Market Performance

Date 05/06/2015

Trading value in the equity market (BOVESPA segment) totaled BRL 144.01 billion in May, compared with BRL 157.38 billion the previous month. Average daily trading value was BRL 7.2 billion, from BRL 7.86 billion the previous month. Total volume reached 18,918,527, from 19,493,103 the previous month. Average daily volume was 945,926 (974,655 in April).

BATS 1000 Index Declines 0.7% This Week

Date 05/06/2015

BATS Global Markets (BATS), a leading operator of exchanges and services for financial markets globally, reports the BATS 1000® Index (Ticker: BATSK) declined 168.98 points to close at 23,051.63, down 0.7% over last Friday’s close.

Remarks At The 34th Annual SEC And Financial Reporting Institute Conference, James Schnurr, Chief Accountant, Office Of The Chief Accountant, Pasadena, California, June 5, 2015

Date 05/06/2015

Introduction

Thank you for both the kind introduction and the 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.

As most of you probably know, I am fortunate to have three deputy chief accountants and a chief counsel that assist me in executing the responsibilities of OCA: Julie Erhardt oversees our International Group, Wes Bricker is responsible for our Accounting Group, Brian Croteau supervises our Professional Practice Group and Jeff Minton is my Chief Counsel. As you can imagine, each of these groups have very differing priorities, but all are important to the SEC’s mission. Today, I would like to share my thoughts and perspectives on some of our key priorities — IFRS, the new revenue recognition standard, a future concept release on Audit Committees and the PCAOB’s standard setting activities.

Bank Of England - Data Visualisation Competition - Winner

Date 05/06/2015

​The Bank of England has announced the winner of its first data visualisation competition.