News Centre

DTCC: Money Market Instrument Optimization Through Finality

Date 18/12/2013

The Depository Trust & Clearing Corporation (DTCC), through its subsidiary, The Depository Trust Company (DTC), will institute MMI Optimization through Finality for DTCC Clients beginning in Q4 2015, bringing significant enhancements to the settlement process and further reducing risk for DTC and its Clients.

FIF Capacity Statistics For November 2013: One New Record Peak: BATS Options MCASTPITCH AGG

Date 18/12/2013

This month’s bulletin from the Financial Information Forum (FIF) finds that SIAC OPRA was down 3% to 6,468,740 mps over the 1 second interval

Thomson Reuters Amends Normal Course Issuer Bid

Date 18/12/2013

Thomson Reuters (TSX / NYSE: TRI), the world’s leading source of intelligent information for businesses and professionals, today announced that it has received approval from the Toronto Stock Exchange (TSX) to amend its normal course issuer bid (NCIB) in connection with the company’s previously announced plans to purchase up to US$1.0 billion of its shares through the end of 2014.

Canadian Regulators Release Status Reports On Mutual Fund Fees And Best Interest Duty

Date 17/12/2013

The Canadian Securities Administrators (CSA) today published status reports on two recent consultations related to mutual fund fees and the appropriateness of introducing a statutory best interest duty.  The coordinated release reflects the interconnectedness of the input received from various stakeholders, following extensive consultations on both topics.

CFTC Grants LCH.Clearnet SA Registration As A Derivatives Clearing Organization

Date 17/12/2013

Today, the Commodity Futures Trading Commission (Commission) issued an Order granting Banque Centrale de Compensation, doing business as LCH.Clearnet SA (LCH.C SA), registration as a derivatives clearing organization pursuant to Section 5b of the Commodity Exchange Act.

European Banking Authority Consults On Significant Credit Risk Transfer For Securitisation Transactions

Date 17/12/2013

The European Banking Authority (EBA) launched today a public consultation on draft Guidelines providing guidance to both originator institutions and competent authorities when assessing significant risk transfer (SRT) for securitisation transactions. These Guidelines will be part of the EU Single Rulebook in the banking sector and will ensure harmonised assessment and treatment of significant risk transfer across all EU Member States. The public consultation runs until 17 March 2014.

SIFMA Statement On The Current TTIP Negotiations

Date 17/12/2013

SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on this week’s TTIP negotiations: 

“The TTIP negotiations in Washington, DC this week offer the opportunity for U.S. and E.U. policymakers to enhance their financial regulatory coordination process.  This is fundamental to our intertwined economies and financial markets. SIFMA supports a trade agreement that includes financial services regulatory coordination.  This is a critical opportunity to enhance coordination, reduce conflict and confusion, and improve the efficiency of regulations across jurisdictions.  Importantly, a financial services regulatory framework between the U.S. and E.U. would facilitate and guide efforts to promote consistent high-quality regulatory standards in global markets. 

European Banking Authority Publishes Final Draft Technical Standards On Securitisation Retention Rules

Date 17/12/2013

The European Banking Authority published today its final draft Regulatory Technical Standards (RTS) on securitisation retention rules and related requirements, as well as its final draft Implementing Technical Standards (ITS) on the convergence of supervisory practices related to the implementation of additional risk weights in the case of non-compliance with the retention rules.

A Comprehensive EU Response To The Financial Crisis: Substantial Progress Towards A Strong Financial Framework For Europe And A Banking Union For The Eurozone

Date 17/12/2013

This memo will be updated regularly to reflect latest developments. This memo is meant as information tool: it is not a legal text.

INTRODUCTION

The financial crisis highlighted the need for better regulation and supervision of the financial sector. It is the reason why the European Commission has since 2010 proposed nearly 30 sets of rules to ensure all financial actors, products and markets are appropriately regulated and efficiently supervised. These rules are the basic framework for all 28 Member States of the EU and underpin a properly functioning single market for financial services.

NASDAQ IPOs Surge 74 Percent In 2013 - Led U.S. Exchanges With 125 IPOs And 30 Listing Venue Switches - 7 Of The Top 10 And 60 Percent Of The Top 100 Best Performing IPOs In 2013 Listed On NASDAQ - More Technology And Health Care Companies Listed On NASDAQ Than Any Other U.S. Exchange In 2013

Date 17/12/2013

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) welcomed 233* new listings to The NASDAQ Stock Market in 2013, including 125 initial public offerings (IPOs) - more IPOs than any other U.S. exchange, representing a 74 percent increase from the 72* IPOs that occurred on NASDAQ in 2012. 60 percent of the top 100 best performing IPOs overall this year, including seven of the top 10, listed on NASDAQ and combined proceeds raised by NASDAQ-listed IPOs in 2013 totaled more than $15 billion. NASDAQ also led the industry with 30 listing venue switches with $66.6 billion in combined market value switching from our competitors' exchanges to NASDAQ in 2013.