News Centre

“What About MF Global?” Statement Of CFTC Commissioner Scott D. O’Malia

Date 11/01/2012

Today, the Commodity Futures Trading Commission (the “Commission”) is voting to finalize a rulemaking on protection of cleared swaps customer collateral.¹ Whereas I support this rulemaking, I believe that it is important to detail its limitations, so that we do not offer market participants a misleading sense of comfort in light of the collapse of MF Global, Inc. (“MF Global”). As I will explain further, the Commission has much more work to do to increase confidence in the customer protections that our regulations offer.

Rapid Ratings Hires Legal And Financial Services Veteran To Lead Strategic Relations

Date 11/01/2012

Rapid Ratings, an independent ratings, research and analytics firm, today announced that Jeffrey Gibb has joined the company as Senior Vice President of Strategic Relations & Head of Legal Operations.

Prohibitions And Restrictions On Proprietary Trading And Certain Interests In, And Relationships With, Hedge Funds - Statement Of CFTC Commissioner Scott D. O'Malia, January 11, 2012

Date 11/01/2012

Introduction

The Commission is considering today a Notice of Proposed Rulemaking ("Proposal") to implement the statutory requirements of Section 619 of the Dodd-Frank Act (the "DFA"), amending the Bank Holding Company Act of 1956, commonly known as the "Volcker Rule". Congress gave us a difficult mandate to separate proprietary trading from legitimate and essential market-making, underwriting and hedging responsibilities. However, establishing a bright line is far easier said than done.

Statement At Open Meeting To Approve PCAOB Budget By SEC Commissioner Luis A. Aguilar

Date 11/01/2012

The Public Company Accounting Oversight Board is tasked by Congress to oversee the audits of public companies, and broker-dealers, in order to protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports.¹ Today we consider the resources the PCAOB requires to fulfill its mission.

Opening Statement Of Commissioner Mark Wetjen For The CFTC Open Meeting On January 11, 2012

Date 11/01/2012

Thank you, Chairman Gensler. Thank you also to the professional staff for your hard work on the recommendations before us today. I appreciate your dedication to getting these regulations right and that you have remained open to public input and feedback from my office and others.

Opening Statement At SEC Open Meeting: PCAOB Proposed Budget And Accounting Support Fee For 2012 By SEC Chairman Mary Schapiro

Date 11/01/2012

Good morning. This is an open meeting of the U.S. Securities and Exchange Commission on January 11, 2012.

Today, the Commission will consider the proposed 2012 budget and accounting support fee for the Public Company Accounting Oversight Board. Under the Sarbanes-Oxley Act, which created the PCAOB, the Commission must annually review and approve the Board’s budget and support fee.

CBOE, C2, CFE, And CBSX Trading Schedule For Martin Luther King, Jr. Holiday

Date 11/01/2012

CBOE Holdings, Inc. (NASDAQ: CBOE) today announced the following trading schedules for Chicago Board Options Exchange (CBOE), C2 Options Exchange (C2), CBOE Futures Exchange (CFE) and CBOE Stock Exchange (CBSX) in observance of the Martin Luther King, Jr. Holiday.

BM&FBOVESPA Announces 2011 Market Performance

Date 11/01/2012

• Financial volume and number of transactions in the equity market;
• Total number of contracts traded, DI futures contracts traded and of corn futures contracts and options on corn futures traded in the Derivatives Market;
• Financial volume and number of equity lending transactions.

SIFMA Statement On Final CFTC Business Conduct Standards

Date 11/01/2012

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., executive vice president, public policy and advocacy in reaction to the final business conduct standards rules agreed upon by the Commodity Futures Trading Commission. 

Statement Of Support By CFTC Chairman Gary Gensler

Date 11/01/2012

I support the final rules on segregation of customer funds for cleared swaps.  These rules are an important step forward in protecting customers and reducing the risk of swaps trading.