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  • CFTC Orders London-Based Enskilda Futures Ltd. And Its Swedish Principal, Skandinaviska Enskilda Banken AB, To Pay A $150,000 Civil Penalty For Supervision Violations

    Date 28/11/2011

    The Commodity Futures Trading Commission (CFTC) today issued an order filing and simultaneously settling charges against Enskilda Futures Ltd. (EFL), a London-based futures commission merchant (FCM), and Skandinaviska Enskilda Banken AB (SEB) for failing to diligently supervise accounts carried by EFL in violation of CFTC regulation 166.3. SEB is a financial services group incorporated in Sweden that, according to the order, controls and directs EFL’s FCM activities. EFL’s immediate parent company is a fully-owned subsidiary of SEB. The CFTC order requires EFL and SEB jointly and severally to pay a $150,000 civil monetary penalty.

  • EU-U.S. Summit Joint Statement

    Date 28/11/2011

    1. We, the leaders of the European Union and the United States, met today at the White House to affirm our close partnership. Drawing upon our shared values and experience, and recognizing our deep interdependence, we are committed to ensuring that our partnership brings greater prosperity and security to our 800 million citizens, and to working together to address global challenges.

  • A New Ombudsman for the Autorité des Marchés Financiers

    Date 28/11/2011

    Marielle Cohen-Branche was appointed Autorité des Marchés Financiers Ombudsman as of 16 November 2011.

  • CFTC To Hold Open Meeting To Consider Two Final Rules And Two Proposals

    Date 28/11/2011

    The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Monday, December 5, 2011, at 9:30 a.m., on the following topics:

    (1) Final Rule on Investment of Customer Funds and Funds Held in an Account for Foreign Futures and Options Transactions;

    (2) Further Notice of Proposed Rulemaking on Process for Making a Swap Available to Trade under Section 2(h)(8) of the Commodity Exchange Act

    (3) Final Rule on Registration of Foreign Boards of Trade

    (4) Proposed Interpretation for Retail Commodity Transactions under Commodity Exchange Act Section 2(c)(2)(D)

  • ISDA Credit Derivatives Determinations Committee Sends SEAT Question To External Review

    Date 28/11/2011

    The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its EMEA Credit Derivatives Determinations Committee (DC) voted on the question of whether a Failure to Pay Credit Event had occurred in respect of SEAT PAGINEGIALLE S.P.A. The relevant supermajority of DC members required for the question to be decided was not reached.