News Centre

Regulation Of Cross-Border OTC Derivatives Activities: Finding The Middle Ground – Speech By SEC Chairman Elisse Walter - American Bar Association Spring Meeting, Washington D.C.

Date 08/04/2013

Today at the SEC and in government agencies around the world, regulators are shaping the rules that will govern the way over-the-counter derivatives are transacted.  It’s a crucial task given the magnitude and importance of this market to the international financial system.

Tel Aviv Stock Exchange (TASE) Revises "Price Monitoring Mechanism” Parameters

Date 08/04/2013

Revisions include:

• Calibration of "Static" and "Dynamic" fluctuations
• Price Monitoring trading halts shortened by 2-6 minutes
• Since the launch of the mechanism the need to cancel erroneous transactions has been significantly reduced

Securities Industry Dispute Resolution Center (SIDREC) Continues To Receive Funding From The Regulator

Date 08/04/2013

The Securities Industry Dispute Resolution Center (SIDREC) today hosted its third Annual General Meeting (AGM) following the release of its 2012 annual report, which reflected an increase of nearly six times the number of cases and queries received in 2011, its first year of operations.

Send, BME's Fixed Income Platform, Admits To Trading Public Debt Issues

Date 08/04/2013

• As of today, it will be possible to trade 50 issues of Spanish Treasury Bills and Government bonds as well as 100 strips
• The trading volume on this electronic trading platform in the first quarter was €600 million, four times as much as in the same period last year

Remarks By President Of The European Council Herman Van Rompuy After His Meeting With The United States Treasury Secretary Jacob Lew

Date 08/04/2013

Let me first of all warmly welcome the new US Secretary of the Treasury Jacob Lew to the European Union.

Joint Statement By U.S. Treasury Secretary Lew And Commissioner Barnier Following Their Meeting On 8 April 2013

Date 08/04/2013

U.S. Treasury Secretary Jacob J. Lew and European Commissioner Michel Barnier met today and reaffirmed their strong determination to cooperate closely in strengthening the global financial system; ensuring a level playing field; minimizing conflicts, and where appropriate, regulatory overlaps; and supporting the principle of non-discrimination.  In particular, they reviewed the progress made on G-20 financial regulatory commitments and agreed upon the importance of strong U.S.-EU cooperation on implementing: the enhanced liquidity, leverage, and capital safeguards agreed in Basel III; the framework for comprehensive regulation of OTC derivatives markets; and strong crisis management and resolution tools. Commissioner Barnier outlined Europe’s plans to forge ahead with the Single Supervisory Mechanism and a strong Banking Union, and Secretary Lew underscored his support for Europe’s efforts. Secretary Lew updated Commissioner Barnier on the continued U.S efforts to implement financial reform, and Commissioner Barnier welcomed the progress made.  They pledged to move forward together in implementing G-20 reforms and promoting greater convergence and consistency in U.S. and European financial markets. They agreed to stay in close and regular contact and strengthen the U.S.-EU financial market and regulatory dialogue.

Moscow Exchange Indices Weekly Review: April 1 - 5, 2013

Date 08/04/2013

Weekly Review: April 1 - 5, 2013, 2013 (pdf, 657 Kb)

HKEx: On-Floor & Off-Floor Trading Statistics

Date 08/04/2013

Transaction in Terms of Turnover and Number of Trades Conducted On-floor and Off-floor

ICMA European Repo Council Calls For Exemption Of Repo Transactions From FTT

Date 08/04/2013

The proposed EU Financial Transaction Tax would cause the short-term repo market in Europe to contract by an estimated amount of at least 66%, with serious negative consequences for other financial markets and the real economy, according to a study commissioned by the European Repo Council of the International Capital Market Association. The study, authored by Richard Comotto, Senior Visiting Fellow at the ICMA Centre, Henley Business School, University of Reading, argues that it is essential for secured financing, such as repo and securities lending, to be exempted from the FTT to ensure an efficient debt capital market and support the continued collateralisation of the financial markets.

HKEx Monthly Market Highlights - March 2013

Date 08/04/2013

- Securities Market

• The average daily turnover for the first three months of 2013 was $74,356 million, an increase of 18 per cent when compared with $63,210 million for the same period last year.
• The average daily turnover of derivative warrants for the first three months of 2013 was $10,268 million, an increase of 19 per cent when compared with $8,621 million for the same period last year.