News Centre

SEC Charges Archer-Daniels-Midland Company With FCPA Violations

Date 20/12/2013

The Securities and Exchange Commission today charged global food processor Archer-Daniels-Midland Company (ADM) for failing to prevent illicit payments made by foreign subsidiaries to Ukrainian government officials in violation of the Foreign Corrupt Practices Act (FCPA).

CFTC Approves Limited-Purpose Swap Dealer Designation For State Street Bank And Trust Company

Date 20/12/2013

The U.S. Commodity Futures Trading Commission (CFTC or Commission) today approved an Order granting a limited purpose swap dealer (SD) designation to State Street Bank and Trust Company (SSBT) with respect to its activities in foreign exchange products that are swaps (FX Products), marking the second time that a limited-purpose SD designation order has been granted.

Deutsche Bank Resolves Its Single Largest Mortgage-Related Litigation Case

Date 20/12/2013

Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) announced today that it has reached an agreement to resolve its residential mortgage-backed securities litigation with the Federal Housing Finance Agency (FHFA) as conservator for Fannie Mae and Freddie Mac. As part of the agreement, Deutsche Bank will pay EUR 1.4 billion.

FHFA Announces $1.9 Billion Settlement With Deutsche Bank

Date 20/12/2013

The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, today announced it has reached a settlement with Deutsche Bank AG, related companies and specifically named individuals for $1.925 billion to resolve claims in FHFA v. Deutsche Bank AG, et al., as well as certain other matters. The settlement addresses claims alleging violations of federal and state securities laws in connection with private-label mortgage-backed securities (PLS) purchased by Fannie Mae and Freddie Mac between 2005 and 2007.  

Canadian Securities Regulators Mandate OBSI’s Dispute Resolution Service

Date 20/12/2013

The Canadian Securities Administrators (CSA) today published final amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations.  These amendments would require all registered dealers and advisers to use the Ombudsman for Banking Services and Investments (OBSI) as the common dispute resolution service (DRS), except in Québec where the mediation regime administered by the Autorité des marchés financiers will continue to apply.

CFTC Commitments Of Traders Reports Update

Date 20/12/2013

The current reports for the week of December 17, 2013 are now available.

Canadian Securities Regulators Seek Comment On Derivatives Rule Relating To Mandatory Central Counterparty Clearing

Date 20/12/2013

Members of the Canadian Securities Administrators (CSA) today published for comment the CSA Staff Notice 91-303 - Proposed Model Provincial Rule on Mandatory Central Counterparty Clearing of Derivatives (the “Proposed Model Rule”).

CFTC’s Division Of Clearing And Risk Issues Time-Limited No-Action Letter For Singapore Exchange Derivatives Clearing Limited And Its Clearing Members

Date 20/12/2013

The Commodity Futures Trading Commission (Commission) Division of Clearing and Risk (DCR) today issued a time-limited no-action letter to the Singapore Exchange Derivatives Clearing Limited (SGX-DC).

EBA Publishes Report On Risks And Vulnerabilities Of The EU Banking Sector

Date 20/12/2013

The European Banking Authority (EBA) published today its fourth semi-annual report on risks and vulnerabilities of the EU banking sector. The report identifies improvements in market confidence, funding and capital positions. However, it cautions about ongoing uncertainties on asset valuations and future profitability in a fragile economic environment. The report also draws attention to the risks of detrimental business practices and puts forward possible measures for addressing such vulnerabilities through coordinated policy and supervisory actions.

ESMA Has Published A Consultation Paper On Revision Of The Provisions On Diversification Of Collateral In ESMA’s Guidelines On ETFs And Other UCITS Issues

Date 20/12/2013

Comments should reach us by 31 January 2014.

All contributions should be submitted online under Consultations.