News Centre

Foresight Report: The Future Of Computer Trading In Financial Markets

Date 23/10/2012

Advances in technology continue to transform how our financial markets operate. The volume of financial products traded through computer automated trading taking place at high speed and with little human involvement has increased dramatically in the past few years.

New Zealand's Financial Markets Authority: Time For KiwiSaver Members To Maximise Their Retirement Savings Potential

Date 23/10/2012

The Financial Markets Authority says it's time for KiwiSaver members to make sure their investment options best suit their future retirement needs.

Preliminary International Banking Statistics At End-June 2012

Date 22/10/2012

Statistics at end-June 2012 are preliminary and subject to change. Large movements in the latest data are highlighted in the Statistical release. Data are available via the BISWebStats interactive query tool, in PDF format and CSV files on the BIS website (locational and consolidated banking statistics), and as a single PDF file in detailed annex tables. Final statistics, with an analysis of recent trends, will be released in conjunction with the forthcoming BIS Quarterly Review, to be published on 10 December 2012. Data at end-September 2012 will be released no later than 22 January 2013.

CFTC Orders Morgan Stanley Smith Barney LLC To Pay $200,000 For Supervision Violations

Date 22/10/2012

The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges that Morgan Stanley Smith Barney LLC (the respondent), a futures commission merchant (FCM) based in Purchase, N.Y., violated CFTC regulation 166.3 by failing to diligently supervise its employees’ handing of customer accounts.

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

Date 22/10/2012

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

On October 18, 2012, the shareholders of Pine Cliff Energy Ltd. (TSXVN:PNE) and Geomark Exploration Ltd. (TSXVN:GME) approved the previously announced business combination whereby Pine Cliff Energy will acquire Geomark Exploration. Geomark Exploration shareholders will receive 1.5 common share of Pine Cliff Energy for each share held. Geomark Exploration will be removed from the S&P/TSX Venture Composite Index after the close of trading on Monday, October 22, 2012. 

CFTC Issues Final Interpretative Guidance To Clarify Foreign Regulators Indemnification And Confidentiality Obligations

Date 22/10/2012

 The Commodity Futures Trading Commission (Commission) today issued final Interpretative Guidance to, under certain circumstances, exempt foreign regulators from the indemnification and confidentiality provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). This exemption applies generally to data that is reported pursuant to foreign law and if the swap data repository (SDR) is registered, recognized, or otherwise authorized by the country’s law and regulation. The Commission voted 3 to 2 via seriatim to issue this Interpretative Guidance, which will become effective u

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

Date 22/10/2012

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

CIBC (TSX:CM) has announced that it will redeem for $CDN25.00 cash per share all of the outstanding shares of its Non-Cumulative Class A Preferred Shares, Series 18 (TSX:CM.PR.P) at the close on October 29, 2012. The shares of this issue will be removed from the S&P/TSX Preferred Share Index and the S&P/TSX North American Preferred Stock Index after the close of trading on Monday, October 29, 2012. 

Statement Of Support: Interpretative Guidance Regarding The Confidentiality And Indemnification Provisions Of The Dodd-Frank Act, CFTC Chairman Gary Gensler

Date 22/10/2012

I support the final interpretative guidance regarding the confidentiality and indemnification provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).

SEC Adopts Standards For Risk Management And Operations Of Clearing Agencies

Date 22/10/2012

The Securities and Exchange Commission today adopted a rule that establishes standards for how registered clearing agencies should manage their risks and run their operations.

Dissenting Statement, Swap Data Repositories: Interpretative Statement Regarding The Confidentiality And Indemnification Provisions Of Section 21(d) Of The Commodity Exchange Act - Commissioner Jill E. Sommers And Commissioner Scott D. O’Malia

Date 22/10/2012

We respectfully dissent from issuing this Final Interpretative Statement Regarding the Confidentiality and Indemnification Provisions of Section 21(d) of the Commodity Exchange Act (CEA) (Final Interpretative Statement). When the Commission issued the proposed guidance (Proposed Interpretative Statement) in May of this year, we were concerned that the statement did not actually solve the problem with the statutory language beyond providing some additional clarity to the Swap Data Repository (SDR) rules and we called for a permanent solution by way of a legislative repeal of the indemnification provisions.