News Centre

SEC Obtains Record $92.8 Million Penalty Against Raj Rajaratnam

Date 08/11/2011

The Securities and Exchange Commission today obtained a record financial penalty of $92.8 million against billionaire hedge fund manager Raj Rajaratnam for widespread insider trading. 

Joint Trade Associations Comment On The Consultative Document On Data Template For Global Systemically Important Banks

Date 08/11/2011

In a letter responding to the Financial Stability Board’s (FSB) Consultative DocumentUnderstanding Financial Linkages: A Common Data Template for Global Systemically Important Banks (G-SIBs), major trade associations representing the global financial services industry agree that a common data template for large global financial institutions has the potential to both streamline data reporting for the institutions, as well as make important data available for macro-prudential analysis.  However, standardized definitions of the data elements requested should be established, clear data security and confidentiality protections must be set up, and the initiative also needs to be designed carefully and narrowly or it could simply add to the already large number of data initiatives underway, and their associated costs, without clear benefit. 

“T Minus 0” - Speech Of CFTC Commissioner Bart Chilton To The 4th Annual Risk Management In Energy Trading Conference, Hotel Derek, Houston, Texas

Date 08/11/2011

Introduction

It’s good to spend some time with you today in Houston. Thanks for having me. Thanks especially to Jeremy Anders for the invitation.

Press Points Vice President Olli Rehn - Press Conference Following ECOFIN Council Meeting

Date 08/11/2011

While we are indeed moving forward to strengthen economic governance in the EU, it is important to strictly and fully implement what we have already at our disposal in terms of economic surveillance. This is also key to reinforce confidence among the general public and market participants.

Johannesburg Stock Exchange Dismisses Head Of Derivatives Business For Irregular Trading

Date 08/11/2011

The Johannesburg Stock Exchange last week dismissed Allan Thomso, the head of its equity derivatives business for irregular trading.

BM&FBOVESPA Announces October 2011 Market Performance

Date 08/11/2011

In October 2011, the equity markets financial volume totaled BRL 142.33 billion in 13,645,172 trades and daily averages of BRL 7.11 billion and 682,259 trades.

Italian Prime Minister Silvio Berlusconi To Resign After Economic Reforms Have Been Approved - Italian President Giorgio Napolitano

Date 08/11/2011

Italian President Giorgio Napolitano has said that Prime Minister Silvio Berlusconi will resign after key economic reforms have been approved.

OCC Statement On Transfer And Liquidation Of MF Global Customer

Date 08/11/2011

Since last Tuesday, OCC has been liquidating standardized options positions and transferring futures positions held in MF Global customer accounts pursuant to its rules and, where applicable, SIPC Trustee approval. This process is now essentially complete with only a few small positions awaiting transfer or liquidation.

Acceptance Rate Of The Exchange Offer By Alpha Beta Netherlands Holding N.V. As Part Of The Planned Business Combination Of Deutsche Börse AG And NYSE Euronext Increases To Over 97 Percent

Date 08/11/2011

Pursuant to Section 39c of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz – WpÜG), shareholders of Deutsche Börse AG who had not accepted the exchange offer by Alpha Beta Netherlands Holding N.V. during the initial acceptance period ending on 13 July 2011 or during the additional acceptance period ending on 1 August 2011 were still able to tender their shares during a three-month period until 4 November 2011. During this period, 3,169,942 Deutsche Börse shares were tendered, which corresponds to 1.63 percent of the total number of Deutsche Börse shares.

Regulators Elect Martin Wheatley To ESMA’s Management Board

Date 08/11/2011

The Board of Supervisors (BoS) of ESMA today elected Martin Wheatley to the Management Board (MB) of ESMA. The BoS is the main decision-taking body of ESMA, consisting of the heads of the 27 national supervisors chaired by the Chair of the Authority. The MB comprises of six members and deals with organisational issues of ESMA. Martin who is the UK FSA’s Managing Director of Conduct Business and who will become the CEO of the Financial Conduct Authority, replaces Alexander Justham who was first elected to ESMA’s MB in January 2011 but recently left the UK FSA. Martin’s term lasts until July 2013.