News Centre

ESMA Launches A Consultation On Its Advice To The Commission On Fees For CRA Supervision, And Invites Comments By 27 April

Date 14/04/2011

On 24 February 2011 ESMA received a formal request from the European Commission (the Commission) to provide technical advice to assist the Commission in formulating a Regulation on fees for Credit Rating Agencies (CRAs) by delegated act.

SEC Charges Subprime Auto Loan Lender And Executives With Fraud

Date 14/04/2011

The Securities and Exchange Commission today charged Massachusetts-based subprime auto loan provider Inofin Inc. and three company executives with misleading investors about their lending activities and diverting millions of dollars in investor funds for their personal benefit.

BM&FBOVESPA Launches The “Em Boa Companhia” (In Good Company) Program - New Relationship Program Seeks To Deepen Discussions With Brazilian Companies About Environmental Themes

Date 14/04/2011

BM&FBOVESPA launched “Em Boa Companhia – Programa de Sustentabilidade com Empresas” (In Good Company – Sustainability Program with Firms) on Thursday.

OCC Announces SEC Order Confirms CCP Capital Benefits ForSecurities Lending Marketplace

Date 14/04/2011

OCC announced today the Securities and Exchange Commission has approved a rule change clarifying the net capital treatment of certain stock loan transactions processed through OCC, confirming the central counterparty clearing benefits OCC brings to this marketplace.

WSE Derivatives - Q1 2011

Date 14/04/2011

• WSE maintains a high fourth place in Europe in terms of index futures contract volumes
• WIG20 futures contract ranked 6^th among European index contracts
• WIG20 options are ranked 13^th in terms of turnover volume among European index options

UBS MTF Trading Notification - Addition Of Exchange Traded Funds

Date 14/04/2011

As of start of trading on Monday 18th April 2011, Exchange Trade Funds (ETFs) will be available for trading on UBS MTF.

Testimony On The Financial Stability Oversight Council By Robert Cook, Director, Division Of Trading And Markets On Behalf Of Mary L. Schapiro, Chairman, U.S. Securities And Exchange Commission Before The United States House Of Representatives Committee On Financial Services Subcommittee On Oversight And Investigations

Date 14/04/2011

Thank you for the opportunity to testify on behalf of the Chairman of the Securities and Exchange Commission regarding the Financial Stability Oversight Council (“FSOC” or the “Council”). FSOC was created by Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) and has 10 voting members: the senior officials at each of the nine federal financial regulators and an independent member with insurance expertise appointed by the President. FSOC’s composition also includes five nonvoting advisory members: three from various state financial regulators as well as the Directors of the new Federal Insurance Office and Office of Financial Research (“OFR”).

ICMA: Investors Launch Transparency Initiative For Covered Bonds

Date 14/04/2011

ICMA Covered Bond Investor Council (CBIC), an industry body representing a diverse range of investors in the European covered bond market, and operating under the auspices of the International Capital Market Association, has today launched an initiative aimed at setting transparency standards for covered bonds.

FINRA Fines Jefferies $1.5 Million For Failing To Disclose Additional Compensation Paid And Conflicts In Sale Of Auction Rate Securities - Jefferies To Pay $425,000 To Customers; FINRA Also Fines And Suspends Two Brokers And Files Complaint Against A Third Broker

Date 14/04/2011

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Jefferies & Company, Inc. $1.5 million for failing to disclose additional compensation received and conflicts in connection with the sale of auction rate securities (ARS). FINRA also ordered Jefferies to repay $425,000 in fees and commissions earned from the sale of ARS to the affected customers.

Tokyo Stock Exchange: Two New ETFs To Be Listed

Date 14/04/2011

Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of the following two ETFs managed by Nomura Asset Management Co., Ltd.