News Centre

Financial Stability Oversight Council Meeting July 31, 2014

Date 31/07/2014

Secretary Lew today convened a meeting of the Financial Stability Oversight Council (Council) in a closed session at the Treasury Department.

Dillon Gage Extending Trading Hours For Precious Metals On FizTrade - Monday To Thursday Trading Lengthened, And New Sunday Hours Added

Date 31/07/2014

Dillon Gage Metals, international precious metals dealers in Dallas, will expand trading hours on FizTrade™, its electronic trading platform, to meet demand from U.S. and foreign wholesale customers. Hundreds of gold, silver, platinum and palladium coins and bars can be traded on the real-time electronic trading platform. To assist the client in managing their business, the platform uniquely provides detailed analytics on all electronic and phone-based trades.

SIFMA Statement On GAO Report On Large Bank Holding Companies

Date 31/07/2014

SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., in response to the Government Accountability Office's report entitled "Large Bank Holding Companies: Expectations of Government Support":

"The GAO's report finds that any funding advantage that may have once been granted to a financial institution deemed 'too-big-too-fail' has been drastically reduced or eliminated. Since the crisis, the industry has increased capital requirements, spent millions on compliance, and worked to establish a regime to end too-big-to-fail. The report's findings underscore the fact that our industry has become safer, sounder, and more resilient, while recognizing that market perceptions have aligned with the law prohibiting taxpayer bailouts."

S&P Dow Jones Indices Market Attributes: Europe Index Dashboard

Date 31/07/2014

Download this month’s Europe Index Dashboard.

SIFMA Issues Quarterly Government Securities Issuance And Rates Forecast For 3Q 2014

Date 31/07/2014

SIFMA today issued its quarterly government securities issuance and rates forecast for the third quarter of 2014. The full report is available at the following link: http://www.sifma.org/govtforecast3q2014/. 

SEC Announces Award For Whistleblower Who Reported Fraud To SEC After Company Failed To Address Issue Internally

Date 31/07/2014

The Securities and Exchange Commission today announced an award of more than $400,000 for a whistleblower who reported a fraud to the SEC after the company failed to address the issue internally.

SIFMA Statement On The Cyber Information Sharing Tax Credit Act

Date 31/07/2014

SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the "Cyber Information Sharing Tax Credit Act," which was introduced today by Senator Kirsten Gillibrand, D-N.Y.:

"Cybersecurity is increasingly a major threat to national security and the U.S. financial system. We commend Senator Gillibrand for her focus on this issue and her leadership in promoting robust cybersecurity practices. This legislation would amend the tax code to incentivize private sector participation in an Information Sharing and Analysis Organization (ISAC). These information sharing forums, such as the Financial Services ISAC, are critical to the collective cyber defense effort as they enable the industry and government to share threat information and coordinate response protocols."

UK's Financial Conduct Authority: Temporary Restriction In Short Selling

Date 31/07/2014

The Financial Conduct Authority (“FCA”) notifies that it temporarily prohibits short selling in the following instruments under Articles 23 (1) and 26 (4) of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps.  This follows a decision made by another EU Competent Authority.

BME Approves The Distribution Of A Gross €0.40 Per Share Dividend - To Be Paid On September 12

Date 31/07/2014

The Board of Directors of BME today agreed to distribute on September 12 its first interim dividend against 2014 earnings with a value of €33.3 million, that is, a gross €0.40 per share.

SEC: Architect Of Variable Annuities Scheme Agrees To Pay $850,000, Admit Wrongdoing, And Be Barred From Securities Industry

Date 31/07/2014

The Securities and Exchange Commission today announced that the architect of a variable annuities scheme designed to profit from the imminent deaths of the terminally ill has agreed to settle charges brought against him earlier this year by paying more than $850,000, admitting wrongdoing, and being barred from the securities industry.