News Centre

Speech By SEC Commissioner Luis A. Aguilar: Why Seniors Are More Vulnerable Now As Targets For Financial Abuse

Date 21/03/2012

Delivered by Commissioner Aguilar’s Chief of Staff: Smeeta Ramarathnam

Thank you, Keith. It is my pleasure to be here today, on behalf of Commissioner Aguilar, to discuss serious concerns confronting investors when they are at their most vulnerable. Commissioner Aguilar asked me to convey his regrets that he is unable to be here in person, and he requested that I deliver this statement on his behalf. It is initiatives and dialogues like this one that are critical to highlighting the most vulnerable in need of help.

ISDA Statement On CFTC Final Rule On Customer Clearing Documentation, Timing Of Acceptance For Clearing, And Clearing Member Risk Management

Date 21/03/2012

Yesterday, the Commodity Futures Trading Commission’s (“CFTC”) adopted the final Customer Clearing Documentation, Timing of Acceptance for Clearing, and Clearing Member Risk Management rule (the “Final Rule”). The International Swaps and Derivatives Association (“ISDA”) fully endorses the use of central clearing to reduce systemic risk and agrees with the Commission that open access to clearing by market participants is a fundamental element of Dodd-Frank. We further agree that a principal goal should be to establish a clearing paradigm where, at the time of execution of a trade, as much certainty as possible that the trade will be accepted for clearing is provided to transacting parties.

Budget Statement To The House Of Commons Delivered By The RT Hon George Osborne MP, UK. Chancellor Of The Exchequer, Wednesday 21 March 2012

Date 21/03/2012

The Chancellor of the Exchequer, George Osborne, today announced his Budget which maintains the Government’s strategy to reduce the deficit, announces far-reaching tax reforms, and support for growth and to reward work. It sets out the actions the Government will take in three areas - creating a stable economy, a fairer, more efficient and simpler tax system, and further reforms to support growth.

Testimony Concerning Indemnification Of Security-Based Swap Data Repositories - By Ethiopis Tafara Director, Office Of International Affairs, U.S. Securities And Exchange Commission, Before The Subcommittee On Capital Markets And Government Sponsored Enterprises, United States House Of Representatives

Date 21/03/2012

Chairman Garrett, Ranking Member Waters, and members of the Subcommittee:

My name is Ethiopis Tafara, and I am the Director of the Office of International Affairs at the Securities and Exchange Commission. Thank you for the opportunity to testify on behalf of the Securities and Exchange Commission on the topic of indemnification of security-based swap data repositories.

BBA Statement On UK Budget 2012

Date 21/03/2012

BBA chief executive Angela Knight said:

“This was a Budget for business: it was about making it more attractive for businesses to do business here in the UK. It was also about giving businesses the confidence to invest in their futures and giving their customers the confidence to spend again. Crucially it underlines the fact that bank finance continues to be available for viable businesses.

Testimony Of CFTC General Counsel Dan M. Berkovitz, Hearing On H.R. - The Swap Data And Clearinghouse Indemnification Correction Act Of 2012 Before The Subcommittee On Capital Markets And Government Sponsored Enterprises, Committee On Financial Services, United States House Of Representatives

Date 21/03/2012

Good morning Chairman Garrett, Ranking Member Waters, and members of the Subcommittee. I am Dan Berkovitz, the General Counsel at the Commodity Futures Trading Commission. Thank you for the opportunity to testify today regarding draft legislation titled the Swap Data and Clearinghouse Indemnification Correction Act of 2012.

Instinet And J.P. Morgan Sign Reciprocal Liquidity Agreement In Asia

Date 21/03/2012

Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced a reciprocal liquidity agreement between its Asia-Pacific broker-dealer units and J.P. Morgan, broadening the Asian liquidity access opportunities available to each firms’ institutional clients.

Admission Of New Luxembourg State Issue On The Luxembourg Stock Exchange

Date 21/03/2012

The Luxembourg Stock Exchange admitted to trading on its regulated market a new bond issue of the Luxembourg State on 21 March 2012.

Written Testimony Of Secretary Tim Geithner Before The House Committee On Oversight And Government Reform On “Europe’s Sovereign Debt Crisis: Causes, Consequences For The United States And Lessons Learned”

Date 21/03/2012

Chairman Issa, Ranking Member Cummings, and members of the Committee, thank you for the opportunity to testify today on developments in Europe. Europe is a key strategic and economic partner of the United States, and we have an enormous stake in the success of European efforts to restore financial stability and secure growth. The U.S. recovery is getting stronger, but the strength of our recovery will depend in part on events beyond our shores, as we saw last year when U.S. growth was buffeted by headwinds from Europe.

Irish Stock Exchange Joins BT Radianz Cloud Community - Irish Stock Exchange Data Feeds Now Available To Users Of The BT Radianz Cloud

Date 21/03/2012

BT and the Irish Stock Exchange (ISE) today announced that market data from the ISE is now accessible to the 15,000+ global member sites in the BT Radianz Cloud. The ISE’s relationship with BT makes it easier for investors in Europe and beyond to access ISE information and is expected to expand the ISE’s existing international reach for its market data.