News Centre

Opening Statement At The SEC Open Meeting By Chairman Mary L. Schapiro

Date 22/08/2012

Good Morning. This is an open meeting of the U.S. Securities and Exchange Commission on Aug. 22, 2012.

Today, the Commission will consider two items required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

FIF Capacity Statistics For July 2012

Date 22/08/2012

FOUR NEW RECORD PEAKS: Deutsche Böerse CEF Core Eurex, NASDAQ TotalView – ITCH, BATS Options MCASTPITCH AGG and Deutsche Böerse CEF Core Total

FINRA Fines Rodman & Renshaw $315,000 For Supervisory And Information Barrier Violations - Former Chief Compliance Officer And Two Research Analysts

Date 22/08/2012

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Rodman & Renshaw LLC $315,000 for supervisory and other violations related to the interaction between the firm's research and investment banking functions. Rodman's former CCO, William A. Iommi Sr., was fined $15,000, suspended from acting in a principal capacity for 90 days and must requalify as a general securities principal.

IOSCO Consults On The Technological Challenges To Market Surveillance

Date 22/08/2012

The International Organization of Securities Commissions has published today a Consultation Report on the Technological Challenges to Effective Market Surveillance: Issues and Regulatory Tools, which seeks public comments on a series of proposed high-level recommendations aimed at helping Market Authorities improve market surveillance.

Olivetree Appoints Charlotte Wall As Managing Director And Head Of Product Sales - Appointment Signals New Focus On Sales Of Olivetree Solutions’ OTAS Platform To The Buy-Side

Date 22/08/2012

Olivetree Financial Group Limited (“Olivetree”), an equity brokerage and technology firm, today announces that it has appointed Charlotte Wall to managing director and glob al head of product sales in London and New York.

Hong Kong's Securities And Futures Commission Reprimands And Fines Merrill Lynch HK$3.5 Million For Regulatory Breaches

Date 22/08/2012

The Securities and Futures Commission (SFC) has reprimanded Merrill Lynch (Asia Pacific) Ltd (Merrill Lynch) and fined it HK$3.5 million for failing to take adequate steps to properly handle the complaints of 11 clients in 2008 before rejecting their complaints in breach of the Code of Conduct.

Publication Of The Translations Of ESMA Guidelines On Certain Aspects Of The MiFID Suitability Requirements

Date 22/08/2012

Yesterday ESMA published the official translations of the “Guidelines on certain aspects of the MiFID suitability requirements” (ESMA/2012/387). Today’s publication triggers a transitional period of two months within which national competent authorities have to declare whether they intend to comply with the guidelines or otherwise explain the reasons for non-compliance.

Global Experts Poll: Economic Confidence Plummets To Lowest Level In Five Quarters

Date 22/08/2012

• Confidence in the state of the global economy over the next 12 months fell to lowest level in five quarters
• Fear of a major economic disruption climbed to 68% from 46% in the previous quarter
• Fifth quarterlyGlobal Confidence Indexpolled 430 experts from business, government, international organizations and academia who are Members of the Forum’s Network of Global Agenda Councils
• Access the full analysis and results online at http://www.weforum.org/ConfidenceIndex

ESMA Submits A Comment Letter To The IFRS Interpretations Committee Regarding IAS 39

Date 22/08/2012

ESMA has submitted a comment letter to the IFRS Interpretations Committee regarding its tentative agenda decision on IAS 39 – Recognition and Measurement – Accounting for different aspects of restructuring Greek government bonds.

SWIFT Achieves Key T2S milestones - Successful Proof Of Concept For Value-Added Network Solution And Launch Of Full Suite Of Services For T2S Implementation Round Out ‘End To End’ T2S Support From SWIFT

Date 22/08/2012

SWIFT, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries and territories, announced today that it has completed successfully and on time the ‘proof of concept' (PoC) phase of development of its value-added network (VAN) solution for T2S.