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Speech By IOSCO Secretary General David Wright On The Future Of Global Financial Regulation, Delivered In Washington DC At The Atlantic Council

Date 10/12/2012

The Secretary General of the International Organization of Securities Commissions, David Wright,  delivered a speech today before the Atlantic Council in Washington DC on the future of global financial regulation.  Please find below the link to his remarks:

http://www.iosco.org/library/speeches/pdf/20121210-Wright-David.pdf

DTCC Unveils Strategic Blueprint To Strengthen Intraday Settlement Finality In U.S. Markets

Date 10/12/2012

The Depository Trust & Clearing Corporation (DTCC) today announced plans to strengthen intraday settlement finality in the United States financial markets by proposing the implementation of major structural changes in the settlement of equities, corporate debt and municipal debt securities over the next five years.

Third Meeting Of The Financial Stability Board Regional Consultative Group For The Americas

Date 10/12/2012

Today, the Bermuda Monetary Authority hosted the Third Meeting of the Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Americas in Hamilton, Bermuda. The group was established as part of the FSB’s initiatives announced in November 2010 to expand and formalise outreach beyond its membership.

TOM (The Order Machine) Welcomes NASDAQ OMX As Shareholder

Date 10/12/2012

TOM (The Order Machine) today announced that NASDAQ OMX has acquired an equity stake of 25% in TOM. Additionally, there is an option for NASDAQ OMX to expand its stake in TOM to 50.1% in the future. The cooperation is expected to lead to technological innovations in equity and options trading and to further expansion of TOM in Europe.

S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices - A Deletion From The S&P/TSX Composite Index

Date 10/12/2012

S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

The shareholders of Progress Energy Resources Corp. (TSX:PRQ) have voted to accept the terms of an arrangement agreement with PETRONAS Canada whereby the shares of Progress Energy will be acquired for cash consideration of $CDN22.00 per share. Progress Energy will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX Completion and Equity Completion, the S&P/TSX Capped Energy, the S&P/TSX Composite Dividend and the S&P/TSX Composite Equal Weight Indices after the close of trading on Friday, December 14, 2012. 

NASDAQ OMX Acquires 25% Of Dutch Derivatives Trading Venue TOM

Date 10/12/2012

NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the acquisition of 25 percent of the Dutch cash equity and equity derivatives trading venue TOM, The Order Machine. The agreement also includes an option for NASDAQ OMX to acquire an additional 25.1 percent of the remaining shares and secure a majority stake in TOM.

CFTC’s Division Of Market Oversight Issues Time-Limited No-Action Relief For Part 20 Reporting Entities Regarding Identifying Information And For Part 45 And Part 46 Reporting Counterparties Regarding Legal Entity Identifiers And Other Identifying Information

Date 10/12/2012

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) issued a letter providing reporting parties under Parts 20, 45 and 46 of the Commission’s regulations with time-limited no-action relief from requirements to report certain identifying information regarding their non-reporting counterparties. The Division’s no-action letter addresses Legal Entity Identifiers, other identifying swap data fields pursuant to Parts 45 and 46, and large swap trader counterparty identification information pursuant to Part 20. To avail themselves of the relief, reporting parties must first meet specific criteria set forth in the no-action letter, and must also comply with certain conditions attached to the relief. The no-action letter permits reporting parties to fulfill their reporting obligations while acknowledging certain non-U.S. privacy laws, provided that specific conditions are met. The relief expires no later than June 30, 2013.

Response From The International Swaps And Derivatives Association Inc. (“ISDA”) To The BBA Consultation Paper On The Proposal To Implement Recommendation Number 6 Of “The Wheatley Review Of LIBOR”

Date 10/12/2012

As previously noted in our response to the Wheatley Review of LIBOR initial discussion paper (“Wheatley Response”), ISDA fully recognises the importance of “reforming” LIBOR in terms of its governance and transparency and welcomes the opportunity to comment on the specific aspect of reducing the number of currencies and maturities for which LIBOR covers.

CFTC Accepting Public Comment On An Amended Request From The Chicago Mercantile Exchange Inc. To Adopt New Chapter 10 (“Regulatory Reporting Of Swap Data”) And New Rule 1001 (“Regulatory Reporting Of Swap Data”) Of CME’s Rulebook

Date 10/12/2012

The Commodity Futures Trading Commission (Commission) is accepting public comment on an amended request from the Chicago Mercantile Exchange Inc. (CME) for approval of a rule (Rule 1001) submitted pursuant to section 40.5 of the Commission’s regulations. 

ESMA Announces A Vacancy For A Senior Officer For Corporate Finance

Date 10/12/2012

To view the vacancy and to apply, please click here.