News Centre

Egyptian Exchange During The Crisis

Date 08/09/2011

The recent global economic events that were reflected negatively on the global financial markets performance and accordingly on the Egyptian Exchange (EGX), together with the other political and economic implications, all had significant influence on EGX after the January 2011 revolution.

“Waking Up To Reality” - Opening Statement By Commissioner Scott D. O’Malia: Open Meeting On Proposed Rulemakings On Implementation Of Mandatory Clearing, Trading, Documentation And Margining Rules

Date 08/09/2011

Mr. Chairman, I would like to begin by thanking you for scheduling this hearing to discuss the important issue of implementation of our Dodd-Frank rulemakings. I would also like to thank the team responsible for preparing the two proposals before us. I understand that these proposals aim to provide greater certainty to the market as to when the Commission will impose the clearing and trading mandates, as well as when the Commission will require compliance with certain documentation and margining rules. I am grateful that the Commission has attempted to provide more certainty. However, I fear that the market will find that these proposals raise more questions than they answer. These proposals fail to facilitate a transition to the new regulatory regime in the orderly manner that the market – as well as the Commission – desires.

Hong Kong’s Regulatory Platform Ready To Support New RMB Initiatives

Date 08/09/2011

Hong Kong securities regulator stands ready to facilitate the implementation of Mainland policy initiatives aimed at accelerating the pace of transforming renminbi (RMB) into an internationally accepted and widely used currency. 

Opening Statement, Public Meeting On IOSCO Report On Principles For The Regulation And Supervision Of Commodity Derivatives Markets And The Dodd Frank Act - CFTC Commissioner Michael V. Dunn

Date 08/09/2011

Thank you all for joining us today for this important public meeting. Today, we consider the IOSCO report on Principles for the Regulation and Supervision of Commodity Derivatives Markets.

Robert Merton And Myron Scholes, Nobel Laureates In Economic Sciences, Receive 2011 CME Group Fred Arditti Innovation Award

Date 08/09/2011

The CME Group Center for Innovation (CFI) today announced Robert C. Merton, School of Management Distinguished Professor of Finance at the MIT Sloan School of Management and Myron S. Scholes, chairman of the Board of Economic Advisors of Stamos Partners, are the 2011 CME Group Fred Arditti Innovation Award recipients. Both recipients are recognized for their significant contributions to the financial markets, including the discovery and development of the Black-Scholes options pricing model, used to determine the value of options derivatives. The award will be presented at the fourth annual Global Financial Leadership Conference in Naples, Fla., Monday, October 24.

“Something Right” - Statement By CFTC Commissioner Bart Chilton Before The CFTC Open Meeting On Dodd-Frank Rulemaking

Date 08/09/2011

I support the proposals we are considering today. I also support the IOSCO principles. Moving forward on global regulatory reforms is critical to guarding against regulatory arbitrage between international regulatory regimes. The IOSCO principles move that effort forward.

Bermuda Stock Exchange Marks 40 Years Of Trading And Growth

Date 08/09/2011

The Bermuda Stock Exchange (BSX) celebrated 40 years in business this year. Set up in February 1971, today it has more than 800 securities listed, including more than 360 funds, with a combined market capitalisation of more than $225 billion.

Statements Of Support By CFTC Chairman Gary Gensler

Date 08/09/2011

Swap Transaction Compliance and Implementation Schedule – Clearing and Trade Execution Requirements:

I support the proposed rule to establish schedules to phase in compliance with the clearing and trade execution requirement provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act. The proposal would provide greater clarity to market participants regarding the timeframe for bringing their swap transactions into compliance with the clearing and trade execution requirements. The rule also would make the market more open and transparent, while giving market participants an adequate amount of time to comply. The proposed rule would help facilitate an orderly transition to a new regulatory environment for swaps.

US Treasury Secretary​ Geithner Op-Ed: ‘What The World Must Do To Boost Growth’

Date 08/09/2011

Opening Statement, Meeting Of The Commodity Futures Trading Commission - CFTC Chairman Gary Gensler

Date 08/09/2011

Introduction

Good morning. This meeting will come to order. This is a public meeting of the Commodity Futures Trading Commission (CFTC) to consider proposed 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.