News Centre

ASIC Makes Key Announcements On Market Structure, Dark Liquidity And High Frequency Trading

Date 21/11/2012

ASIC has made new market integrity rules to address risks emerging from developments in market structure, including growth in automated trading and the changing nature of dark liquidity.

Business Leaders Gather At DIFC Forum To Discuss Emerging Economies Of The Region - Event Brings Together Thought Leaders From Across The World To Discuss The Ever Increasing Levels Of Trade Between Emerging Markets In MENASA Region

Date 21/11/2012

The Dubai International Financial Centre (DIFC), the financial and business hub connecting the region’s emerging markets with the developed markets of Europe, Asia and the Americas, yesterday hosts the first DIFC Forum, focusing on “The Shifting Centre of Gravity” in global trade and economics. Held under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the DIFC; the forum is also taking place in association with Deutsche Bank and Emirates as the official airline. 

Remarks During News Conference Call About Enforcement Actions Against J.P. Morgan And Credit Suisse By Robert Khuzami, Director Of The SEC’s Division of Enforcement, U.S. Securities And Exchange Commission

Date 20/11/2012

A basic tenet of our nation’s financial system is that investors must be given accurate information upon which to base their investment decisions.

MSCI Named A Top Firm In RiskTech100®

Date 20/11/2012

MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, today announced it has been named a top 10 risk management technology firm in the RiskTech100® rankings by Chartis Research, a leading provider of research and analysis on global risk technology markets. MSCI was also named the top firm in the Market Risk and Fund & Asset Management categories. 

Remarks During News Conference Announcing Charges in a $276 Million Insider Trading Scheme By Robert Khuzami, Director Of The SEC’s Division Of Enforcement, U.S. Securities And Exchange Commission

Date 20/11/2012

Good afternoon.

Today, once again, I find myself here alongside our criminal law enforcement partners announcing new charges of insider trading by yet another prominent hedge fund firm and its portfolio manager.

DTCC And STA Agree On Protocol For Presentment Of Physical Securities

Date 20/11/2012

The Depository Trust & Clearing Corporation (DTCC) today announced that is has come to an agreement with representatives of the Securities Transfer Association (STA) on the protocol for the presentment of evidence of ownership in lieu of physical certificates which are currently inaccessible in DTCC’s 55 Water Street offices. The agreement balances the needs of the transfer agents and issuers, while facilitating DTCC’s ability to efficiently continue physical processing on behalf of the industry while its vault inventory is inaccessible.

Speech By Federal Reserve Chairman Bernanke On The Economic Recovery And Economic Policy

Date 20/11/2012

Good afternoon. I am pleased to join the New York Economic Club for lunch today. I know that many of you and your friends and neighbors are still recovering from the effects of Hurricane Sandy, and I want to let you know that our thoughts are with everyone who has suffered during the storm and its aftermath.

IOSCO Emerging Markets Prepare For Bigger Role In The Global Economy

Date 20/11/2012

The emerging market members of the International Organization of Securities Commissions (IOSCO) met in Santiago de Chile this week to continue work aimed at preparing emerging securities markets to play a bigger role in driving growth in the global economy. Fernando Coloma, Chair of the Superintendencia de Valores y Seguros, Chile, chaired the meeting. Masamichi Kono, Chairman of the IOSCO Board attended the meeting.

New York Attorney General Schneiderman Sues Credit Suisse For Fraudulent Residential Mortgage-Backed Securities - Lawsuit Charges Credit Suisse Misrepresented Loan Quality Review Process, Deceived Investors & Contributed To Mortgage Crisis - Continued Legal Action by State-Federal Residential Mortgage-Backed Securities Working Group - Schneiderman: Credit Suisse RMBS Trusts Incurred Billions In Losses And Will Be Held Accountable

Date 20/11/2012

Attorney General Eric T. Schneiderman today filed a Martin Act complaint against Credit Suisse Securities (USA) LLC and its affiliates for making fraudulent misrepresentations and omissions to promote the sale of residential mortgage­-backed securities (RMBS) to investors. According to Attorney General Schneiderman’s lawsuit, Credit Suisse deceived investors as to the care with which they evaluated the quality of mortgage loans packaged into residential mortgage-backed securities prior to 2008. RMBS sponsored and underwritten by Credit Suisse in 2006 and 2007 have suffered losses of approximately $11.2 billion.

Lorraine Echavarria Named Associate Regional Director To Lead Enforcement Program In SEC’s Los Angeles Office

Date 20/11/2012

The Securities and Exchange Commission today announced that Lorraine B. Echavarria has been promoted to lead the Los Angeles Regional Office’s enforcement program as an Associate Regional Director.