Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

News Centre

  • “Market Madness” Speech Of CFTC Commissioner Bart Chilton Before The Exchequer Club, Washington, DC

    Date 21/03/2012

    Good afternoon.  It’s good to be with you today.  Thanks for having me and thanks especially to Bradley Edgell for the kind invitation.

  • AFME‐BBA‐ISDA Response To 1st ESMA‐Discussion Paper (Dated 16 February 2012): Draft Technical Standards For The Regulation On OTC Derivatives, CCPs And Trade Repositories.

    Date 21/03/2012

    The signatory associations welcome the opportunity to respond to the 1st ESMA Discussion Paper onEMIR.

    The associations would like to underline their commitment to a safe and efficient OTC derivativesbusiness, and high regulatory standards for clearing houses. We support the direction of regulatorychange for both cleared and non‐cleared OTC derivatives, as evidenced by the progress made in theupgrade of industry infrastructure in recent years, e.g.

    • 51% of the global interest rate swap market (which itself makes up over 80% of the grossnotional volume of the total OTC derivatives market) is now cleared;
    • clearing and tear‐ups have reduced the gross notional value of the CDS market in excess of75% since its peak;
    • trade repositories are established and operational ‐ or close to being operational – for all ofthe 5 main OTC derivatives asset classes, giving regulators increased visibility on risk in theOTC derivatives business.

  • 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.