News Centre

Office Of Financial Research (OFR) Announces New Members Of Its Financial Research Advisory Committee

Date 14/07/2014

The Office of Financial Research (OFR) announced today the addition of 11 new members to itsFinancial Research Advisory Committee.

SEC Charges Ernst & Young With Violating Auditor Independence Rules In Lobbying Activities

Date 14/07/2014

The Securities and Exchange Commission today charged Ernst & Young LLP with violations of auditor independence rules that require firms to maintain their objectivity and impartiality with clients.

CME Group Announces Record Trading Volume And Open Interest for NYMEX Brent (BZ) - Open Interest In NYMEX Brent (BZ) Surpasses 100,000 For First Time

Date 14/07/2014

CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached trading volume and open interest records for its NYMEX Brent (BZ) crude oil futures contracts on Friday, July 11, 2014. Open interest for NYMEX Brent set a record of 101,425 on July 11, surpassing the 100,000 contracts milestone for the first time ever. The previous open interest record was 99,520 contracts, which was set on July 9, 2014.

Citigroup Announces Comprehensive Settlement With Residential Mortgage-Backed Securities Working Group

Date 14/07/2014

Citigroup today announced that it has reached an agreement to settle the ongoing investigation of the Residential Mortgage-Backed Securities (RMBS) Working Group, part of the Financial Fraud Enforcement Task Force. Today’s agreement resolves actual and potential civil claims by the U.S. Department of Justice (the DOJ), several state attorneys general (State AGs), and the Federal Deposit Insurance Corporation (the FDIC) relating to RMBS and collateralized debt obligations (CDOs) issued, structured or underwritten by Citi between 2003 and 2008.

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

Date 14/07/2014

The Financial Conduct Authority (“FCA”) notifies that it extends the temporary prohibition in short selling applied on 11 July 2014 under Article 23 (2) 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.

Dubai Financial Market Announces Its Board Of Directors Meeting To Be Held On 17 July 2014

Date 14/07/2014

The Board of Directors of Dubai Financial Market  PJSC  will  hold its Board of Directors meeting on Thursday 17 July 2014, at 2:00PM at Borse Dubai to discuss the  financial performance  of  the  company and  approve  the   Review  report   and  condensed consolidated interim financial information for the six month period ended 30 June 2014. And discuss the normal business activities and any business issues as arise.

Financial Industry Associations Urge TTIP Negotiators To Include Financial Services Regulatory Coordination In US-EU Trade Agreement

Date 14/07/2014

The Financial Services Forum (FSF), the Financial Services Roundtable (FSR), the Institute of International Finance (IIF) and the Securities Industry and Financial Markets Association (SIFMA) issued the following statement on the next round of negotiations of the Transatlantic Trade and Investment Partnership (TTIP) currently underway in Brussels:

"As the next round of trade negotiations moves forward, the financial services industry reiterates its position that it is imperative to include financial services regulatory coordination as a key component of TTIP. With a global economy and intertwined financial markets, the financial sector cannot continue to work under misaligned, uncoordinated regulatory regimes. A framework for coordination of financial services regulation between the US and EU would reduce conflict and complexity, and improve the efficiency of regulations across borders to the benefit of market participants, their customers and regulators. We urge negotiators to capitalize on this TTIP meeting in Brussels to promote high-quality regulatory standards that promote consistency, coordination, and resilience in our transatlantic markets."

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

Date 14/07/2014

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

With today's $7 billion resolution against Citibank -- one of the largest banks in the United States -- we reaffirm the straightforward principle that no institution is too big or too powerful to escape appropriate enforcement action.

SIFMA Publishes Recommendations For Enhancing Fairness, Stability And Transparency In US Equity Markets

Date 14/07/2014

SIFMA today published a set of recommendationson equity market structure for enhancing fairness, stability and transparency in the U.S. stock market.

US Attorney General Holder Speaks At Press Conference Announcing Major Financial Fraud

Date 14/07/2014

Good morning – and thank you all for being here.  Today, I am joined by Associate Attorney General [Tony] West; United States Attorney for the Eastern District of New York [Loretta] Lynch; United States Attorney for the District of Colorado [John] Walsh; and Acting Inspector General for the Federal Housing Finance Agency [Michael] Stephens – as we announce a significant step in our ongoing effort to hold accountable those whose actions have threatened the integrity of our financial markets and undermined the stability of our economy.