News Centre

Remarks Before The 2011 AICPA National Conference On Current SEC And PCAOB Developments By Howard Scheck, Chief Accountant, Division Of Enforcement, U.S. Securities And Exchange Commission

Date 20/12/2011

Good afternoon everyone and thank you to the AICPA for having me back again this year. As the Enforcement guy, you never know if you’ll get that repeat invite, so I’m honored to have made the cut and for the opportunity to address you today. As required, I need to state that my remarks are my views and not necessarily the views of the Commission or its staff.

Federal Reserve Board Proposes Steps To Strengthen Regulation And Supervision Of Large Bank Holding Companies And Systemically Important Nonbank Financial Firms

Date 20/12/2011

The Federal Reserve Board on Tuesday proposed steps to strengthen regulation and supervision of large bank holding companies and systemically important nonbank financial firms. The proposal, which includes a wide range of measures addressing issues such as capital, liquidity, credit exposure, stress testing, risk management, and early remediation requirements, is mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Direct Edge Updates FIX Short Sale Order Marking Requirements Effective February 15, 2012

Date 20/12/2011

Overview

As part of our effort to promote unified compliance standards across the industry, Direct Edge will update the order entry requirements for sending short sale orders via FIX on both EDGA Exchange and EDGX Exchange.  Effective February 15, 2012, Direct Edge will require Members to populate FIX tag 114. This change will ensure short sale orders are clearly defined before entering the Direct Edge Exchanges. Please be advised that FIX tag 114 should be used both for short sale and short sale exempt orders.

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

Date 20/12/2011

Thank you Mr. Chairman. And, as always, I thank the teams who have worked so diligently on the final rules we are considering today.

SIFMA Statement On CFTC Swaps Reporting Rules

Date 20/12/2011

SIFMA today released the following statement from Tom Price, managing director at SIFMA, in response to the Commodity Futures Trading Commission’s (CFTC) notice of final rulemaking on Swap Data Recordkeeping and Reporting Requirements, specifically regarding legal entity identifier (LEI) requirements:

“SIFMA applauds the CFTC’s adoption of a legal entity identifier (LEI) solution for use in the U.S. derivatives markets. This is an important first step as we move towards a phased-in, global LEI solution. A uniform, globally consistent LEI solution will provide regulators with a powerful tool to better monitor systemic risk and enable individual firms to more effectively measure counterparty exposure. We will continue to review this rule in greater detail in the days ahead. Looking forward, SIFMA appreciates the work being done by the Financial Stability Board (FSB) to develop a global LEI solution, and we remain committed to working with regulators and stakeholders globally to be a productive participant in this process.”

Opening Statement, Open Meeting On Final Rules On Swap Data Recordkeeping And Reporting Requirements And Real Time Reporting, CFTC Commissioner Scott D. O’Malia

Date 20/12/2011

All across America, families are trekking to the mall looking for the perfect Christmas and Hanukkah presents. The most sought-after holiday gifts are the high-tech gadgets. The gadgets that promise to make life better by making it easier to keep in touch, stay informed, and look really cool. Therefore it is fitting that the Commodity Futures Trading Commission (the “Commission”) is devoting the first night of Hanukkah and last few days before Christmas to gifting two final rules on data and technology. Both rules are designed to enhance the quantity and quality of information available to regulators, market participants, and the public.

Summary Of The Year 2011 On The Warsaw Stock Exchange

Date 20/12/2011

• Record-high number of new listings on the three markets operated by the Warsaw Stock Exchange
• Strengthened position of the Polish stock exchange in a year difficult for European and global financial markets
• New instruments, indices, and market support solutions.

Statements Of Support By CFTC Chairman Gary Gensler - Swap Data Recordkeeping And Reporting Requirements

Date 20/12/2011

I support the final rule establishing swap data recordkeeping and reporting requirements for registered entities and counterparties involved in swaps transactions.  The final rule will ensure that complete, timely, and accurate data on all swaps is available to the Commodity Futures Trading Commission and other regulators.

GreenX: Additional Listings For In Delivery Month European Union Allowance (EUA) Futures

Date 20/12/2011

GreenX intends to list five additional contract months for the In Delivery Month  European Union Allowance (EUA) Futures contract through December 2020, effectiveSunday, January 22^nd for trade date Monday, January 23^rd.

Chairman Gary Gensler Opening Statement Before A Meeting Of The Commodity Futures Trading Commission, Washington, DC

Date 20/12/2011

Good morning.  This meeting will come to order.  This is a public meeting of the Commodity Futures Trading Commission (CFTC) to consider final rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).  I’d like to welcome members of the public, market participants and members of the media, as well as those listening to the meeting on the phone or watching the webcast.