Mondo Visione Worldwide Financial Markets Intelligence

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  • Agencies Announce Rules To Reflect ISDA Protocol In Regulatory Capital And Liquidity Coverage Ratio Rules

    Date 16/12/2014

    The Board of Governors of the Federal Reserve System and Office of the Comptroller of the Currency today issued an interim final rule to ensure that the treatment of over-the-counter (OTC) derivatives, eligible margin loans, and repo-style transactions under the two agencies' regulatory capital and liquidity coverage ratio rules would be unaffected by the implementation of certain foreign special resolution regimes for financial companies or by a banking organization's adherence to the International Swaps and Derivatives Association's Resolution Stay Protocol. In addition, the interim final rule ensures that the lending limits of affected national banks and Federal savings association would be unchanged.

  • SEC Announces Charges In Alleged Gold Mining Investment Scheme

    Date 16/12/2014

    The Securities and Exchange Commission today announced charges against two individuals and their companies behind an alleged gold mining investment scheme based in Miami.

  • CFTC Announces Departure Of DSIO Director Gary Barnett

    Date 16/12/2014

    The U.S. Commodity Futures Trading Commission (CFTC) today announced that Gary Barnett, Director of the Division of Swap Dealer and Intermediary Oversight (DSIO), will depart the agency in January to take a senior position at the U.S. Securities and Exchange Commission (SEC). CFTC Chairman Tim Massad also announced today that Tom Smith, currently Deputy Director for DSIO’s Capital, Margin and Segregation Branch (CMS Branch), will become Interim Director for DSIO upon Mr. Barnett’s departure.

  • MIAX Regulatory: New Equity Rights Program For 2015

    Date 16/12/2014

    The Exchange filed for immediate effectiveness to implement an equity rights program pursuant to which units representing the right to acquire equity in the Exchange’s parent holding company, Miami International Holdings (“MIH”) would be issued to a participating Member in exchange for payment of an initial purchase price or the prepayment of certain transaction fees and the achievement of certain volume thresholds on the Exchange over a 23 month period.  

  • Federal Court Orders Missouri Resident Daniel K. Steele And His Missouri Company, Champion Management International, LLC, To Pay over $2.5 Million In Monetary Sanctions - Order Also Requires Relief Defendant Judy D. Steele To Disgorge Ill-Gotten Gains

    Date 16/12/2014

    The U.S. Commodity Futures Trading Commission (CFTC) today announced that the Honorable Ronnie L. White of the U.S. District Court for the Eastern District of Missouri entered a Consent Order for permanent injunction against Defendants Daniel K. Steele and Champion Management International, LLC, (Champion Management), a Missouri limited liability company. The Court’s Order requires Defendants jointly to pay $1,544,722.81 in restitution to defrauded investors, imposes a $1 million civil monetary penalty, and requires Relief Defendant Judy D. Steele to disgorge ill-gotten gains totaling $187,083.58. The Order also imposes a permanent trading and registration ban on the Defendants and prohibits them from further violations of the anti-fraud provisions of the Commodity Exchange Act (CEA), as charged.