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Rick Ketchum, FINRA Chairman And Chief Executive Officer - SIFMA C&L New York Regional Seminar - A New Day In Regulation Of tThe Financial Markets

Date 28/10/2013

Thank you, Jerry [Baker], for that introduction and for the invitation to join you here today. 

I want to talk to you this morning about the regulatory challenges facing FINRA. Specifically, I want to talk about how technology—and the data it allows us to see—is evolving the way we regulate the markets. Already, there are a number of technological resources—especially in the areas of data, risk analytics and surveillance—that are changing the way FINRA and other regulators examine firms and oversee the markets. We are at the very early stages of this still-new era of big data and cloud computing, but the transformative potential for regulation is very promising. We envision a "new day" in regulation—where, using the power of big data and technology, we can see information in a new way, and better protect investors.

New EMIR Counterparty Classification Tool Launched On ISDA Amend To Help Businesses Comply With EMIR

Date 28/10/2013

The International Swaps and Derivatives Association, Inc. (ISDA), The British Bankers Association (BBA), The Investment Management Association (IMA) and Markit today announced the launch of the EMIR Counterparty Classification Tool on ISDA Amend, the online service from ISDA and Markit that facilitates compliance with certain European Market Infrastructure Regulation (EMIR) and other regulatory requirements.

FINRA Issues New Investor Alert: Closed-End Fund Distributions: Where Is The Money Coming From?

Date 28/10/2013

The Financial Industry Regulatory Authority (FINRA) issued a new Investor Alert called Closed-End Fund Distributions: Where Is the Money Coming From? to explain what closed-end funds are, how they differ from traditional mutual funds, what a distribution rate is and what to ask before investing. Closed-end funds have become popular investments because some offer high distribution rates—as high as 6 percent or more. However, investors should be aware that a fund's distribution rate is not the same thing as its return—even if the numbers might look similar. Closed-end funds typically pay distributions to investors on a monthly or quarterly basis, and may increase or decrease the distribution rate from one distribution period to the next.

Richard Sandor Receives French Legion Of Honor Award From France’s Ambassador To United States - Award Is Highest Decoration Bestowed By French Government, Conferred By Decree Of President Of France

Date 28/10/2013

Dr. Richard Sandor, renowned financial innovator and entrepreneur, on Friday accepted his award as Chevalier dans l´ordre de la Légion d´Honneur (Knight in the French National Order of the Legion of Honor) from François Delattre, France’s Ambassador to the United States, in a ceremony in Dr. Sandor’s home. The award, conferred upon Dr. Sandor by decree of the President of France, is the highest decoration granted by the French government.

CFTC Commitments Of Traders Reports Update

Date 28/10/2013

The current reports for the week of October 8, 2013 are now available.

ISE Gemini Completes Third Successful Product Rollout Since Launch

Date 28/10/2013

The International Securities Exchange (ISE) today announced that ISE GeminiTM has completed the rollout of 199 additional products. This represents the third successful product rollout since ISE Gemini’s launch on August 5, 2013. ISE Gemini now lists approximately 700 total products that together represent over ninety percent of equity options industry volume.

CFTC Requests Public Comment On An Application By Singapore Exchange Derivatives Clearing Limited For Registration As A Derivatives Clearing Organization

Date 28/10/2013

The U.S. Commodity Futures Trading Commission (CFTC) is asking for public comment on an application by Singapore Exchange Derivatives Clearing Limited for registration as a derivatives clearing organization.

SGX Launches Asian Foreign Exchange Futures

Date 28/10/2013

Singapore Exchange (SGX) is introducing Asian foreign exchange (FX) futures for deliverable and non-deliverable Asian currencies from 11 November 2013. Futures contracts for six currency pairs, AUD/USD, AUD/JPY, USD/SGD, INR/USD, KRW/USD and KRW/JPY, will be launched initially.

Single Resolution Mechanism Is A Cornerstone Of The Banking Union, Says The EESC

Date 28/10/2013

The European Economic and Social Committee looks forward to the establishment of the Single Resolution Mechanism (SRM) which it sees as a milestone in establishing the banking union. It will make the bank recovery and resolution rules consistent throughout the EU.

Financial Stability Board Regional Consultative Group Europe Fifth Meeting

Date 28/10/2013

Today, the Financial Stability Board hosted in Basel, Switzerland, the fifth meeting of the FSB Regional Consultative Group for Europe under the co-chairmanship of Per Callesen, Governor, Danmarks Nationalbank and Andreas Dombret, Member of the Executive Board, Deutsche Bundesbank.