News Centre

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

Date 15/06/2011

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.

Portware Selects Thomson Reuters for Its Enterprise Cloud-Based Solution - Streamlined Delivery Leverages Elektron’s Global Infrastructure With Integrated Data And Analytics

Date 15/06/2011

Portware, a leading provider of global, multi-asset trading systems, and Thomson Reuters today announced that Portware has selected Elektron to support its new cloud-based deployment model. Portware’s latest offering combines the company’s powerful trading technology, Elektron’s resilient and highly secure global infrastructure, and integrated access to Thomson Reuters data, security classification and analytics.

Federal Reserve Governor Daniel K. Tarullo - Capital And Liquidity Standards - Before The Committee On Financial Services, U.S. House Of Representatives, Washington, D.C.

Date 15/06/2011

Chairman Bachus, Ranking Member Frank, and other members of the Committee, thank you for your invitation to testify today about capital and liquidity standards and their relationship to international competitiveness.

CalPERS Names Robert Glazier Deputy Executive Officer For External Affairs

Date 15/06/2011

The California Public Employees’ Retirement System (CalPERS) today announced the appointment of Robert Udall Glazier – a 28-year communications veteran in the public and private industries – as the pension fund’s new Deputy Executive Officer for External Affairs.

Speech Given By Sir Mervyn King, Governor Of The Bank Of England At The Lord Mayor’s Banquet For Bankers And Merchants Of The City Of London At The Mansion House, 15 June 2011

Date 15/06/2011

My Lord Mayor, Mr Chancellor, My Lords, Ladies and Gentlemen: 

In recent years, I have set the Mansion House audience a numerical examination.  After a pleasant dinner, you will not want to listen to more numbers.  A more literary style is appropriate.  So my question to you tonight is:  which aspect of financial regulation is most deserving of the adjective “tragic”?  The answer comes later. 

Speech At The Lord Mayor’s Dinner For Bankers And Merchants Of The City Of London By The Chancellor Of The Exchequer, Mansion House, London

Date 15/06/2011

Lord Mayor, a year ago, standing here just five weeks after the Government had come to office, I spoke about the financial crisis and I quoted what Winston Churchill had said in this very room in the middle of the war.

Speech By SEC Commissioner Troy A. Paredes: Statement At Open Meeting To Propose Rule Amendments Regarding Broker-Dealer Reports

Date 15/06/2011

Thank you, Chairman Schapiro.

The recommendation before us is to propose rule amendments regarding broker-dealer annual reporting, audit documentation, and custody-related disclosures on a new Form Custody.

CFTC Charges Victor E. Cilli And His Company, Progressive Investment Funds LLC, With Operating A Commodity Pool Ponzi Scheme And Misappropriating Customer Funds - New Jersey Resident And His Company Allegedly Defrauded Investors Of More Than $500,000

Date 15/06/2011

The U.S. Commodity Futures Trading Commission (CFTC) today charged Victor Eugene Cilli and his company, Progressive Investment Funds LLC (Progressive), both of Hackensack, N.J., with operating a commodity pool Ponzi scheme that defrauded at least four investors of approximately $506,000. Cilli also is charged with misappropriating at least $200,000 of pool funds to pay personal expenses, including meals, entertainment, motorcycle payments and hair salon visits. Progressive is a CFTC-registered Commodity Pool Operator, and Cilli is registered as an Associated Person of Progressive.

Speech By SEC Commissioner Luis A. Aguilar: Protecting Investors And Their Assets

Date 15/06/2011

Today’s proposal is designed to significantly enhance the objective oversight of broker-dealer compliance with the applicable financial responsibility rules.¹In particular, today’s proposal enhances oversight of broker-dealers’ custody practices. I view today’s proposal as a necessary companion rule to the rules adopted a year and half ago that addressed the custodial practices at registered investment advisers.

CME Group Announces Three Consecutive Open Interest Records In Henry Hub Natural Gas Futures

Date 15/06/2011

CME Group, the world's leading and most diverse derivatives marketplace, today announced it had reached three consecutive records in open interest for its benchmark Henry Hub Natural Gas futures contracts. These contracts are listed by and subject to the rules of NYMEX.