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  • SEC Charges Two Traders In Chile With Insider Trading

    Date 22/12/2014

    The Securities and Exchange Commission today charged two business associates in Chile with insider trading on nonpublic information that one of them learned while serving on the board of directors of a pharmaceutical company.  The agency obtained a court order to freeze assets in the U.S. brokerage accounts used to conduct the trading.

  • Banking Agencies' Statement Regarding The Basel Committee's Consultative Paper "Revisions To The Standardized Approach For Credit Risk"

    Date 22/12/2014

    The Basel Committee on Banking Supervision (BCBS) today published a consultative paper entitled "Revisions to the Standardized Approach for credit risk." These proposed revisions are intended to apply primarily to large, internationally active banking organizations and not community banking organizations. A key objective of the paper is to seek comment on preliminary alternatives to internal models and external credit ratings for calculating risk-weighted assets.

  • SEC Charges Corporate Attorney And Wife With Insider Trading On Client’s Confidential Information

    Date 22/12/2014

    The Securities and Exchange Commission today charged a California-based attorney and his wife with insider trading on confidential information obtained from a corporate client.

  • ISE Gemini Introduces Flat Pricing For Price Improvement Auctions

    Date 22/12/2014

    ISE Gemini announced the introduction of a new “flat” pricing structure for price improvement mechanism (PIM) auctions as of January 2, 2015, subject to regulatory clearance. With this new model, both PIM auction initiators and responders will pay the same fee of $0.05 per contract. Priority Customers on the originating side of a PIM order will continue to be free. The new structure will create additional transparency and a more level playing field in auction pricing. It also has the potential to deliver a higher level of price improvement to the end customer by increasing competition among auction responders at a fee level substantially lower than competing auction mechanisms.

  • UK Financial Conduct Authority Confirms New Disclosure Rules And Transparency Rules

    Date 22/12/2014

    The FCA has today confirmed that new Disclosure Rules and Transparency Rules (DTRs) to report on payments to governments have entered into force. This follows an announcement on 12 December, which set out requirements under the Transparency Directive for issuers involved in the extractive or logging of primary forest industries to produce annual reports on payments made to the governments in the countries they operate in.