News Centre

The Montreal Exchange’s S&P/TSX 60 Index Mini Futures Contract Has Been Deemed Certified And May Be Offered To U.S. Persons Through Direct Access Effective April 19, 2012

Date 18/04/2012

On March 28, 2012, the Montreal Exchange (MX) requested expedited Commodity Futures Trading Commission (CFTC) review of the MX’s S&P/TSX 60 Index Mini futures contract so that it may be offered to U.S. persons. MX also requested that the contract may be made available through direct access terminals in the United States.

SEC Adopts Rule Defining Swaps-Related Terms For Regulating Derivatives

Date 18/04/2012

The Securities and Exchange Commission today unanimously adopted a new rule to define a series of terms related to the over-the-counter swaps market.

Remarks By Under Secretary For Domestic Finance Mary Miller At The Annual Conference Of The National Federation Of Municipal Analysts

Date 18/04/2012

Good morning. I appreciate the invitation to join you at your annual conference here in Las Vegas. For those of you who do not know, I worked in the fixed-income markets for more than twenty-five years before joining Treasury at the beginning of 2010. In my prior job I was an active participant in the municipal securities market – in fact I see a number of familiar faces and firms here today. During my career I came to understand the quality of the National Federation of Municipal Analysts. This organization is an important voice in the municipal securities market. I am looking forward today to discussing the priorities of the Treasury Department in areas affecting domestic finance, and in particular the areas that relate to the municipal securities markets.

SIX Swiss Exchange Bonds Quarterly Statistics: 1st Quarter 2012

Date 18/04/2012

Remarks By Assistant Secretary For Financial Institutions Cyrus Amir Mokri On Financial Regulatory Reform And International Coordination At The 2012 Spring Meeting Of The American Bar Association’s (ABA) Section Of International Law

Date 18/04/2012

Good afternoon. It is a privilege to address the International Section of the American Bar Association, and to be speaking about international regulatory reform. The subject matter is particularly timely given that the world’s finance ministers will gather in Washington, D.C. for the G-20 this weekend.

IMF Global Financial Stability Report - The Quest For Lasting Stability

Date 18/04/2012

The April 2012 Global Financial Stability Report assesses changes in risks to financial stability over the past six months, focusing on sovereign vulnerabilities, risks stemming from private sector deleveraging, and assessing the continued resilience of emerging markets. The report probes the implications of recent reforms in the financial system for market perception of safe assets, and investigates the growing public and private costs of increased longevity risk from aging populations.

Statement At Open Meeting To Adopt The Joint Final Rule, Joint Interim Final Rule, And Final Interpretations Regarding The Further Definition Of "Swap Dealer," "Security-Based Swap Dealer," "Major Swap Participant," "Major Security-Based Swap Participant," and "Eligible Contract Participant" By SEC Commissioner Daniel M. Gallagher

Date 18/04/2012

Thank you, Chairman Schapiro. And I want to particularly thank you for your willingness to reconsider, at my request, certain fundamental aspects of this rule even though you could have easily proceeded without my support. I also want to thank the staffs of the Division of Trading and Markets and the Division of Risk, Strategy and Financial Innovation for their collaborative effort on this important rule. I want to particularly commend Robert Cook and Craig Lewis, the Directors of the two Divisions, for their leadership in producing the rule that the staffs of the Divisions are recommending to the Commission today, and I believe that it is particularly fitting that the Divisions are presenting this recommendation jointly given the success of that collaboration. I also want to thank Robert’s counsel, Nathaniel Stankard, for his extreme efforts and superlative work product which, in the critical last phase of this process, had a major impact on this rulemaking. And I also want to thank Brian Bussey for convincing me that this rule could actually become worth supporting.

TMX Group Top 20 Largest - Consolidated Short Position Report – Highlights - April 15, 2012

Date 18/04/2012

Please find below the Top 20 Largest Consolidated Short Position Report Highlights. The report is produced twice monthly, effective the 15th and the end of each month. The report below covers the 2-week period ending April 15, 2012.

Opening Statement At SEC Open Meeting: Defining Swaps-Related Terms By SEC Chairman Mary Schapiro

Date 18/04/2012

Good Morning. This is an open meeting of the U.S. Securities and Exchange Commission on April 18, 2012.

Today the Commission will consider adopting the first of a series of rules related to the oversight of swaps and security-based swaps under Title VII of the Dodd-Frank Act.

Opening Statement, Twenty-Sixth Open Meeting To Consider Final Rules Pursuant To Dodd-Frank Act - CFTC Commissioner Jill E. Sommers

Date 18/04/2012

Thank you Mr. Chairman. I would like to thank the rulemaking teams for their hard work and diligence in crafting these rules. We have before us a final rule on commodity options, an interim final rule establishing a trade option exemption, and the critical, and long-awaited final rules further defining Swap Dealer, Major Swap Participant, and Eligible Contract Participant. These entity definitions (along with the upcoming product definitions) are key components of the foundation upon which the new Dodd-Frank regulatory regime is built. All of the team members deserve our gratitude, but I would specifically like to recognize the entity definition teams from both here and the SEC that have worked together over the past 18 months through many policy challenges to get this rule in final form as well as being sensitive to the concerns of ten individual Commissioners. You have all done a tremendous job.