News Centre

SEC Proposes Ways To Strengthen Audits And Reporting Of Broker-Dealers To Protect Customer Assets

Date 15/06/2011

The Securities and Exchange Commission today unanimously proposed amendments to the broker-dealer financial reporting rule in order to strengthen the audits of broker-dealers as well as the SEC’s oversight of the way broker-dealers handle their customers’ securities and cash.

Opening Statement, Open Meeting To Consider Effective Dates Of Provisions In The Dodd-Frank Act - CFTC Commissioner Jill E. Sommers

Date 15/06/2011

Today we are dealing with an issue of great importance to me, providing some certainty to swap market participants concerning the status of their swap transactions on July 16 – the general effective date of Dodd-Frank. First let me say that I intend to vote for this relief because I believe the markets need guidance from the Commission as soon as possible, but I do so reluctantly.

Mercado Intergado Latino Americano Powered by Rapid Addition’s Technology

Date 15/06/2011

Rapid Addition, the leading provider of trading technology solutions to buy- and sell-side financial institutions, today announced that Bolsa de Valores de Colombia (BVC), operator of the country’s main securities exchange, has implemented the firm’s solutions as part of a major regional integration project along Latin America’s Pacific Coast.

Swedish Financial Supervisory Authority - Finansinspektionen - Remark To Crédit Agricole Cheuvreux Nordic

Date 15/06/2011

Crédit Agricole Cheuvreux Nordic, an investment firm, has demonstrated deficiencies in its transaction reporting to Finansinspektionen (FI) for an extended period of time. The firm is therefore being issued a remark and penalty fee of SEK 1 million.

Speech By SEC Chairman Mary Schapiro: Opening Statement At SEC Open Meeting - Proposals To Amend Rule 17a-5

Date 15/06/2011

Good morning. This is an open meeting of the United States Securities and Exchange Commission on June 15, 2011.

Concurrence To Testimony Of CFTC Chairman Gary Gensler Before The U.S. Senate Committee On Agriculture, Nutrition And Forestry - CFTC Commissioner Scott D. O’Malia

Date 15/06/2011

I concur with the Chairman’s testimony. However, I have repeatedly and strongly urged the Commission to publish in the Federal Register for notice and comment both a schedule outlining the order in which it will consider final rulemakings made pursuant to the Dodd Frank Act and an implementation schedule for those rulemakings. I am disappointed that when the Commission recently issued a notice in the Federal Register providing for an additional 30-day comment period on most of the Dodd-Frank rule proposals, it did not take the opportunity to be fully transparent with the market by providing a proposed schedule for final rule implementation. Making the process as transparent as possible will accelerate implementation because participants will be able to plan ahead and make the technology and staffing investments necessary to comply with the rules. As a result, I am once again requesting that the Commission provide participants with a complete implementation schedule proposal.

Thomas Kloet, Chief Executive Officer TMX Group: Speech - Montreal Chamber of Commerce

Date 15/06/2011

Merci Michel. Good afternoon everyone

.C’est un plaisir d’être ici cet après-midi avec mon collègue, Xavier Rolet de laBourse de Londres.

Si vous me permettez, je vais m’adresser a vous en anglais aujourd’hui.

While I can speak some French, if you will permit me, I’ll speak in English today so that my comments are clear. On February 9, Xavier and I announced a combination that would have our two businesses join forces to create a strong international competitor. A true merger. And, by any measure, a merger of equals.

Oral Statement On Proposed Order For Exemptive Relief - CFTC General Counsel Dan Berkovitz

Date 15/06/2011

Good morning Mr. Chairman and Commissioners.

First, I would like to thank the members of the OGC team that have worked very hard on this order: Harold Hardman, Terry Arbit, Carlene Kim, Neal Kumar, Sue McDonough, and Mark Higgins. I also would like to thank the Divisions for their helpful comments and support on this project.

DIFC And Korea Capital Market Institute Reinforce Ties Through Strategic Cooperation Agreement - MoU Facilitates Investment And Relations Between Financial Institutions In South Korea And The UAE

Date 15/06/2011

Dubai International Financial Centre ("DIFC"), the financial and business gateway between the Middle East and the world, yesterday (Tuesday 14 June 2011) signed a Memorandum of Understanding ("MoU") with Korea Capital Market Institute ("KCMI"). The MoU will see DIFC and KCMI commit to supporting relationships between DIFC and South Korean institutions that are interested in expanding internationally. This will include jointly organising workshops, seminars and conferences among other initiatives to stimulate to business growth. The MoU was signed by Dr. Hyoung-Tae Kim, President, KCMI and Dr. Nasser Saidi, Chief Economist and Head of External Relations, DIFC Authority, at a special ceremony held in Seoul.

Testimony Before The U.S. Senate Committee On Agriculture, Nutrition & Forestry, Washington, DC - CFTC Chairman Gary Gensler

Date 15/06/2011

Good morning Chairwoman Stabenow, Ranking Member Roberts and members of the Committee. I thank you for inviting me to today’s hearing on implementing Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. I am pleased to testify on behalf of the Commodity Futures Trading Commission (CFTC). I also thank my fellow Commissioners and CFTC staff for their hard work and commitment on implementing the legislation.