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  • NYSE Governance Services, Corporate Board Member Airs 200th Episode Of “This Week In The Boardroom” - Weekly Webcast Series Features NYSE CEO And Special Guests Discussing Governance Trends

    Date 08/08/2013

    Today NYSE Governance Services, Corporate Board Member aired its 200th episode of “This Week in the Boardroom,” a weekly on-demand web program launched in September 2009. Co-hosted by TK Kerstetter, chairman, NYSE Governance Services, Corporate Board Member, and Scott Cutler, EVP & co-head of U.S. Listings & Cash Execution, NYSE Euronext, the program is designed to educate corporate board members, C-suite executives, and company board advisers on events that impact their decisions in the boardroom and the C-suite.

  • Program Trading Averaged 25.3 Percent Of NYSE Volume During July 29-Aug. 2

    Date 08/08/2013

    The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database. The report includes trading on the NYSE for July 29-Aug. 2.

  • ESMA Proposes Delay To Reporting Date For Exchange Traded Derivatives

    Date 08/08/2013

    The European Securities and Markets Authority (ESMA) has sent the European Commission a Final Report proposing an amendment to Article 5 of the Commission Implementing Regulation (EU) No.1247/2012 (ITS on reporting) on the format and frequency of reporting to trade repositories under EMIR.

  • Financial Conduct Authority Fines Compliance Officer And Broker Whose Actions Enabled Market Abuse To Be Committed In October 2010

    Date 08/08/2013

    The Financial Conduct Authority (FCA) has fined David Davis, senior partner and compliance officer of Paul E Schweder Miller & Co, £70,258, and Vandana Parikh, a broker at the same firm, £45,673, for failing to act with due skill, care and diligence in the period leading up to the illegal manipulation of the closing price of securities traded on the London Stock Exchange (LSE) by Rameshkumar Goenka, a Dubai based private investor, in October 2010.

  • ISDA Whitepaper: CCP Loss Allocation At The End Of The Waterfall

    Date 08/08/2013

    CCPs will be required to establish robust recovery, continuity and resolution mechanisms. These must be addressed in relation to two situations: (1) at the “end of the default waterfall”; and (2) where there are non-default losses (NDL) that exceed a clearinghouse’s financial resources above the minimum regulatory capital requirements. This paper is in response to industry efforts to develop an effective recovery, continuity and resolution framework for central counterparties and reflects consensus views of the ISDA Risk and Margin Regulatory Implementation Committee (RIC).