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TheCityUK Responds To Banking Standards Review Report

Date 19/05/2014

Responding to today’s report from the Banking Standards Review, Chris Cummings, Chief Executive of TheCityUK, said:

“London’s globally competitive position has been secured by its reputation; partly as a well regulated, orderly market but more importantly by the probity of those who work here. Rebuilding the public’s trust and confidence in the banking sector is crucial to underpin that reputation. The Banking Standards Review’s new report sets out a course for that work which will complement the efforts already being made across the industry, and make it more transparent."

Keynote Address At Compliance Week 2014, SEC Commissioner Kara M. Stein, Washington, D.C., May 19, 2014

Date 19/05/2014

Thank you, Matt, for your kind introduction. 

Before I begin my remarks, I am required to tell you that the views I am expressing today are my own and do not necessarily reflect those of the Commission, my fellow Commissioners, or the staff of the Commission.

Global Futures & Forex, Ltd. Ordered To Pay $200,000 Penalty To Settle CFTC Charges Of Violating Minimum Financial Requirement Rules

Date 19/05/2014

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges that, between December 2010 and November 2012 (the Relevant Period), Global Futures & Forex, Ltd. (GFF), a CFTC-registered Futures Commission Merchant (FCM) and former Retail Foreign Exchange Dealer (RFED) headquartered in Grand Rapids, Michigan, failed to comply with minimum financial requirements for FCMs and RFEDs. The CFTC Order imposes a $200,000 civil monetary penalty and a cease and desist order against GFF for its violations.

S&P Capital IQ Launches New Business Line Dedicated To Standard & Poor’s Ratings Research And Integrated Solutions - Neil R. Smith Tapped To Lead S&P Credit Solutions

Date 19/05/2014

S&P Capital IQ, a business unit of McGraw-Hill Financial (NYSE:MHFI), today announced the launch of S&P Credit Solutions, a new business line that enables investors to leverage the combined data, research and analytics capabilities of both Standard & Poor’s Ratings Services and S&P Capital IQ. Neil R. Smith has joined S&P Capital IQ to lead the new business.

SIX: Changes To The Board Of Directors - New Head Of Financial Information Division

Date 19/05/2014

The General Meeting of SIX Shareholders elected Dr Patrik Gisel, Lorenz von Habsburg Lothringen and Søren Mose to the Board of Directors. They replaced Christoph Gabriel, Dr Pierin Vincenz and Eduardo Leemann, who did not stand for re-election. The Board of Directors also appointed Robert Jeanbart as Division CEO of the Financial Information business area.

EBA Publishes Revised List Of Incorrect ITS Validation Rules

Date 19/05/2014

The European Banking Authority (EBA) issued a revised list of incorrect validation rules found in its Implementing Technical Standards (ITS) on supervisory reporting. The Authority informed that data submitted in accordance with these ITS should not be validated against the previously published set of incorrect rules.

SIFMA Market Close Recommendations For US Memorial Day And UK Spring Bank Holidays In The US, The UK And Japan

Date 19/05/2014

SIFMA made holiday recommendations for the U.S., the U.K., and Japan in observance of the U.S. Memorial Day and the U.K. Spring Bank Holidays.

NASDAQ OMX Announces Proposed Senior Notes Offering

Date 19/05/2014

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) ("NASDAQ OMX") today announced that it plans to commence a public offering of U.S. dollar denominated senior notes due 2024 pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (the "SEC"). NASDAQ OMX expects to use the aggregate net proceeds from the offering, along with cash on hand, to refinance its 4.00% Senior Notes due 2015 and to repay a portion of the term loan under its senior credit facility.

Remarks To The First Annual Conference On The Regulation Of Financial Markets, SEC Commissioner Michael S. Piwowar, Washington, D.C., May 16, 2014

Date 19/05/2014

Good afternoon and thank you, Kathleen [Hanley], for that wonderful introduction.  It is a privilege to be the lunch speaker at this inaugural conference on the regulation of financial markets sponsored by the Securities and Exchange Commission (SEC) and the University of Maryland Robert H. Smith School of Business.  Like the other SEC speakers, I must provide a standard disclaimer that the views I express today are my own and do not necessarily reflect those of the Commission or my fellow commissioners.

RBS Shuts Down Swaps Clearing - Comment From Rule Financial

Date 19/05/2014

Royal Bank of Scotland announced today that it is winding down its OTC derivative activity,