News Centre

SEC Provides Guidance aAd Temporary Relief Regarding Security-Based Swap Provisions Of Dodd-Frank Act

Date 16/06/2011

The Securities and Exchange Commission today provided guidance as to which of the Title VII requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act will apply to security-based swap transactions as of July 16, the effective date of Title VII. It also granted temporary relief to market participants from compliance with certain of these requirements.

Testimony Before The U.S. House Committee On Financial Services, Washington, DC - Chairman Gary Gensler

Date 16/06/2011

Good morning Chairman Bachus, Ranking Member Frank and members of the Committee. I thank you for inviting me to today’s hearing on the international context of financial regulatory reform. I also thank my fellow Commissioners and CFTC staff for their hard work and commitment on implementing the legislation.

Testimony Of U.S. Treasury Under Secretary For International Affairs Lael Brainard Before The House Committee On Financial Services - “Financial Regulatory Reform: The International Context”

Date 16/06/2011

Chairman Bachus, Ranking Member Frank, and members of the committee, thank you for the opportunity to discuss our international financial reform agenda.

Testimony On "Financial Regulatory Reform: The International Context" By Chairman Mary L. Schapiro, U.S. Securities and Exchange Commission, Before The United States House Committee On Financial Services

Date 16/06/2011

Chairman Bachus, Ranking Member Frank, and members of the Committee:

Thank you for the opportunity to testify today on behalf of the Securities and Exchange Commission (“SEC”) regarding the international implications of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act” or “Act”).

Deutsche Börse Supervisory Board And NYSE Euronext Board Of Directors Approve Special Dividend Of € 2.00 Per Holdco Share And Purchase Of Remaining Stake In Eurex

Date 16/06/2011

The Supervisory Board of Deutsche Börse AG and the Board of Directors of NYSE Euronext today announced that they have approved two resolutions previously announced on June 7, 2011:

1) To recommend to the Board of Directors of the holding company of the merged group, Alpha Beta Netherlands Holding N.V. (“Holdco”), that Holdco pay a one-time special dividend of €2.00 per Holdco share shortly after closing of the combination of Deutsche Boerse and NYSE Euronext, and;

2) To indirectly purchase the remaining 50% stake in Eurex Zurich AG from Six Group and to make Deutsche Börse AG sole owner of the derivatives market as well as Six Group a shareholder in Holdco.

British Bankers' Association Statement On Regulatory Reform White Paper

Date 16/06/2011

The BBA said:

"The programme of regulatory reform in the UK is now well underway. Today's white paper is an enormously significant milestone.

"Regulatory change carries with it real consequences for consumers and businesses. This is not an abstract set of rules for an industry. It is fundamental to financial stability and economic recovery: it ensures standards of discipline in the financial markets and safeguards the international reputation of the City as the world's financial centre - and one of the biggest contributors to the UK economy."

CEE Stock Exchange Group Reports Highly Satisfactory Earnings For 2010

Date 16/06/2011

CEESEG Aktiengesellschaft, the financial holding company that comprises the stock exchanges of the CEE Stock Exchange Group of Budapest, Ljubljana, Prague and Vienna, announced a profit on ordinary business activities of EUR 24.08 million in 2010 after the close of today’s general shareholders’ meeting. “We are very pleased with this result for 2010 which we have achieved in a difficult market environment. We have established our position in Central and Eastern Europe,” stressed the two management board members of CEESEG, Michael Buhl and Heinrich Schaller. The figures are not directly comparable with the preceding year due to the restructuring that took place in mid 2009.

SIFMA CEO Testifies On Impact Of Dodd-Frank Regulations On Jobs And U.S. Competitiveness

Date 16/06/2011

In testimony today before the House Financial Services Committee, SIFMA president and CEO Tim Ryan discussed the impact of regulatory reform efforts, highlighting the importance of these efforts while also stressing that “it is equally important that policy makers, market participants, investors and consumers understand the magnitude and collective impact of these actions and their effect on U.S. markets, the economy and the lives of ordinary Americans.” 

Statement By European Commissioner Rehn On Greece

Date 16/06/2011

I am confident that next Sunday, the Eurogroup will be able to decide on the disbursement of the fifth tranche of the loans for Greece in early July. And I trust that we will also be able to conclude the pending review, in agreement with the IMF.

U.K. Government Publishes Financial Regulation White Paper And Draft Bill

Date 16/06/2011

The Government has today published its financial regulation White Paper and draft Bill.  These provide further detail on the Government’s proposed reforms to the financial regulatory regime within the UK.