News Centre

UK Financial Conduct Authority Response To The Davis Review

Date 10/12/2014

Introduction 

On 8 April 2014 the Financial Conduct Authority’s (FCA) Non-Executive Directors appointed Simon Davis of Clifford Chance to conduct an independent inquiry into the handling of the FCA’s announcement of proposed supervisory work on the fair treatment of long standing customers in life insurance. The FCA has now published the report of Mr Davis’ review in full.

SEC Penalizes Morgan Stanley For Violating Market Access Rule

Date 10/12/2014

The Securities and Exchange Commission today penalized Morgan Stanley & Co. LLC for violating the market access rule when it failed to uphold credit limits for a customer firm with a rogue trader who engaged in fraudulent trading of Apple stock.

ETF/ETP Roundtables: Year-End Highlight - The Series Of Events Launched By SIX Swiss Exchange In April For Professional Investors Was Successfully Held For The Fourth Time In 2014

Date 10/12/2014

Over 60 members of the Swiss ETF community attended the ETF/ETP Roundtable, which was held for the fourth time this year on 4 December 2014. Attendees in the ConventionPoint of SIX included market participants working in the field of asset management and market making as well as institutional investors and financial journalists. Chair Michael Rasch (NZZ) expertly guided the panellists Markus Fuchs (SFAMA), Marcel Aellen (independent advisor)and Rodolfo Straub (SIX Exchange Regulation) through the discussion on the topic of "Regulation - an overview".

OCC Official Testifies On Cybersecurity

Date 10/12/2014

The Office of the Comptroller of the Currency’s Senior Critical Infrastructure Officer Valerie Abend today discussed regulatory efforts to address cyber threats and vulnerabilities and coordinate information sharing for the benefit of the banking industry, regulatory community, and the financial system during testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

SIFMA Submits Cybersecurity Testimony To US Senate Banking Committee

Date 10/12/2014

SIFMA today released the following excerpts from a testimony submitted to the Senate Banking, Housing, and Urban Development Committee's hearing entitled "Cybersecurity: Enhancing Coordination to Protect the Financial Sector":

Montauk Holdings Lists On The JSE’s Main Board

Date 10/12/2014

Montauk Holdings (MNK) listed on the JSE earlier this week on Monday, 08th of December by way of introduction of all its issued ordinary shares. It has joined the Main Board in the “Integrated Oil and Gas” sector.

Nasdaq To List Validea Market Legends ETF - Efficient Way For Investors To Gain Access To A Unique Stock Selection System

Date 10/12/2014

Nasdaq today announced that Validea Capital Management will list a new exchange-traded fund, Validea Market Legends ETF (Symbol: VALX), on The Nasdaq Stock Market. VALX will begin trading on today, December 10, 2014.

Finansinspektionen (FI) - Swedish Financial Supervisory Authority - Sound Resilience In The Financial System

Date 10/12/2014

Resilience in the Swedish financial system is satisfactory. Despite unease abroad, the banks have sound resilience and access to funding. The major banks’ need for funding from the market and the substantial debts of households are, at the same time, vulnerabilities that must be monitored and counteracted. These are the conclusions of Finansinspektionen’s (FI’s) Stability Report.

Testimony Of CFTC Chairman Timothy Massad Before The U.S. Senate Committee On Agriculture, Nutrition & Forestry

Date 10/12/2014

Thank you Chairwoman Stabenow, Ranking Member Cochran, and members of the Committee. I am pleased to testify before you today on behalf of the Commission. I last came before you as a nominee. It is a privilege to be here today as Chairman of the Commodity Futures Trading Commission (CFTC). I appreciate the opportunities I have had to meet with many of you during the confirmation process and since, and value your suggestions on the issues facing the Commission. I look forward to this Committee’s continued input going forward.

SunGard Leads In Risk Magazine’s 2014 Technology Rankings

Date 10/12/2014

SunGard has been ranked top technology vendor in Risk Magazine's annual Technology Rankings for Asset and Liability Management (ALM). SunGard has led in this category since 2007.