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Testimony On Implementing Derivatives Reform: Reducing Systemic Risk And Improving Market Oversight By SEC Chairman Mary L. Schapiro - Before The Committee On Banking, Housing, And Urban Affairs United States Senate

Date 22/05/2012

Chairman Johnson, Ranking Member Shelby, and members of the Committee:

I appreciate the opportunity to testify regarding the Securities and Exchange Commission's ongoing implementation of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act" or "Act").

Testimony Before The US Senate Committee On Banking, Housing And Urban Affairs, Washington, DC, CFTC Chairman Gary Gensler

Date 22/05/2012

Good morning Chairman Johnson, Ranking Member Shelby and members of the Committee. I thank you for inviting me to today’s hearing on implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), international harmonization of swaps market reforms, and the Commodity Futures Trading Commission’s (CFTC) role in overseeing markets for credit derivative products, such as those traded by JPMorgan Chase’s Chief Investment Office. I also thank my fellow Commissioners and CFTC staff for their hard work and commitment on implementing the legislation. I’m pleased to testify along with Securities and Exchange Commission (SEC) Chairman Schapiro.

Bloomberg Acquires PolarLake And Launches EDM Services

Date 22/05/2012

Bloomberg LP announced today that it acquired Dublin-based software provider PolarLake and is launching a new enterprise data management (EDM) service to help companies acquire, manage and distribute data across their organizations.

Infrastructure Project Bonds: MEPs Secure Deal With Member States On Pilot Scheme

Date 22/05/2012

The EU will set aside €230 million in guarantees to support the issuance of "project bonds" for EU infrastructure projects under a deal concluded by MEPs and EU governments in Strasbourg on Tuesday. The deal will pilot test this innovative plan to attract private investment in transport, energy and information technology network projects.

CME Group Launches CME Direct Technology For Online Trading Of Exchange Listed And OTC Markets - Trading Of Exchange And OTC Markets Available On One Screen - Leading Inter-Dealer Brokers Offer Hybrid Trading Of Global OTC Oil Markets Through CME Direct

Date 22/05/2012

CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of CME Direct, a new technology offering side-by-side trading of exchange-listed and over-the-counter (OTC) markets. CME Direct will initially support trading of CME Group's benchmark energy futures markets alongside OTC energy swaps through leading inter-dealer brokers.

LME Transaction Update

Date 22/05/2012

The Chairman of the London Metal Exchange (LME) has today issued an update to shareholders regarding the potential acquisition of the Exchange.

RTS Realtime Systems Group Announces Readiness For Eurex’s New Trading System

Date 22/05/2012

RTS Realtime Systems Group (RTS), a leading global trading solutions provider, today announced that it is preparing for full support of Eurex’s new trading system. With this support, RTS will help global clients achieve an easy transition to the new system Eurex will introduce in December, pending approvals.

BATS CHI-X Europe Names Guy Simpkin Head Of Business Development

Date 22/05/2012

BATS Chi-X Europe, a division of BATS Global Markets (BATS), today announced the appointment of Guy Simpkin as head of business development.

HKEx To Introduce Three New Stock Option Classes On 11 June

Date 22/05/2012

Hong Kong Exchanges and Clearing Limited (HKEx) will introduce three new stock option classes on Monday, 11 June: Galaxy Entertainment, Sands China and Standard Chartered.

IMF: United Kingdom - 2012 Article IV Consultation Concluding Statement Of The Mission

Date 22/05/2012

he Central Scenario and Risks

1. Current policies are aimed at assisting economic rebalancing and financial sector stability. Strong fiscal consolidation is underway and reducing the high structural deficit over the medium term remains essential. The UK has made substantial progress toward achieving a more sustainable budgetary position and reducing fiscal risks. Bold monetary stimulus has helped support the economy, as has the free operation of automatic fiscal stabilizers. This macroeconomic policy mix assists in rebalancing the economy toward investment and external demand. Further, financial sector stability in the UK is of global importance as highlighted in spillover analysis. In this context, policies have encouraged the buildup of capital and liquidity buffers, the domestic oversight framework is being strengthened, and work is underway to enhance the capacity to deal with systemically important financial institutions.