News Centre

S&P Dow Jones Indices Market Attributes Commentary: Risk & Volatility Index Dashboard

Date 21/08/2014

FIF Capacity Statistics For July 2014

Date 21/08/2014

Two New Record Peaks: BATS Options MCASTPITCH AGG & Deutsche Börse CEF Ultra + Xetra

ICMA Covered Bond Investor Council Publishes Report On Cover Pool Data Disclosure

Date 21/08/2014

A new report commissioned by ICMA’s Covered Bond Investor Council, ‘Covered bond pool transparency: the next stage for investors’reviews progress so far in attempts to improve and standardise disclosure of the cover pool data for the asset class in certain national markets across Europe and makes recommendations on future measures.

US Associate Attorney General West Delivers Remarks At Press Conference Announcing Major Financial Fraud

Date 21/08/2014

Thank you, Mr. Attorney General, and thank you all for being here this morning.

This morning we demonstrate once again that no institution is either too big or too powerful to escape appropriate enforcement action by the Department of Justice.  At nearly $17 billion, this resolution with Bank of America is the largest the Department has ever reached with a single entity in American history. 

Bank Of America Reaches Comprehensive Settlement With U.S. Department Of Justice And State Attorneys General To Resolve Mortgage-related Litigations And Investigations - Settlement Expected To Reduce Q3-14 Pretax Earnings By $5.3 Billion And Negatively Impact EPS By Approximately $0.43 Per Share

Date 21/08/2014

Bank of America announced today that it has reached a comprehensive settlement with the U.S. Department of Justice (DoJ), certain federal agencies and six states. The settlement includes releases on the securitization, origination, sale and other specified conduct relating to residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs), and an origination release on residential mortgage loans sold to Government Sponsored Enterprises (GSEs) and private-label (PLS) RMBS trusts, or guaranteed by the Federal Housing Authority (FHA).

Perseus Offers Global Trading Access And Risk Compliance For Eris Exchange - All Asset Class Network And High Precision Time™ For Interest Rate Swap Futures Goes Live

Date 21/08/2014

Perseus Telecom, a leading provider of high-speed global connectivity, High Precision Time™ and Market-to-Market networks, announced today trading access and time verification is now available for Eris Exchange Swap Futures accessible at Equinix data centres in Chicago, London and Tokyo. Eris Exchange is a leading open access futures exchange for interest rate risk management, and offers forward starting and spot starting interest rate swap futures contracts. Eris Exchange provides the flexibility of over-the-counter interest rate swaps in a futures construct with the risk mitigation of CME Clearing. By using the Perseus Market-to-Market Network trading, participants will enjoy extremely fast, reliable and secure connectivity to the Eris SwapBook™ electronic trading platform.

USA Attorney General Holder Delivers Remarks At Press Conference Announcing Major Financial Fraud

Date 21/08/2014

Thank you all for being here.  I am joined today by Associate Attorney General Tony West; U.S. Attorney for the District of New Jersey Paul Fishman; U.S. Attorney for the Eastern District of New York Loretta Lynch; U.S. Attorney for the Western District of North Carolina Anne M. Tompkins; Acting U.S. Attorney for the Central District of California Stephanie Yonekura; Kentucky Attorney General Jack Conway; Maryland Attorney General Doug Gansler; Acting Inspector General for the Federal Housing Finance Agency Michael Stephens; and Associate Regional Director for Enforcement William Hicks, of the U.S. Securities and Exchange Commission. 

Bank Of America Admits Disclosure Failures To Settle SEC Charges - Bank Also Resolves Separate SEC Case In $245 Million Settlement

Date 21/08/2014

The Securities and Exchange Commission today announced a settlement in which Bank of America admits that it failed to inform investors during the financial crisis about known uncertainties to future income from its exposure to repurchase claims on mortgage loans.

Bank Of America To Pay $16.65 Billion In Historic Justice Department Settlement For Financial Fraud Leading Up To And During The Financial Crisis

Date 21/08/2014

Attorney General Eric Holder and Associate Attorney General Tony West announced today that the Department of Justice has reached a $16.65 billion settlement with Bank of America Corporation – the largest civil settlement with a single entity in American history ­— to resolve federal and state claims against Bank of America and its former and current subsidiaries, including Countrywide Financial Corporation and Merrill Lynch.  As part of this global resolution, the bank has agreed to pay a $5 billion penalty under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) – the largest FIRREA penalty ever – and provide billions of dollars of relief to struggling homeowners, including funds that will help defray tax liability as a result of mortgage modification, forbearance or forgiveness.  The settlement does not release individuals from civil charges, nor does it absolve Bank of America, its current or former subsidiaries and affiliates or any individuals from potential criminal prosecution.

ESMA Announces The New CWG For Commodity Derivatives TF

Date 21/08/2014

Following the call for interest for the renewal of the Consulative Working Group for the Commodity Derivatives Task Force, ESMA today announces the composition of the new group.