News Centre

SEC Staff To Host July 18 Roundtable On Short-Term / Long-Term Management Of Public Companies, Our Periodic Reporting System And Regulatory Requirements

Date 02/07/2019

The Securities and Exchange Commission today announced that its Division of Corporation Finance will host a roundtable on July 18, 2019 to hear from investors, issuers, and other market participants about the impact of short-termism on our capital markets and whether our reporting system, or other aspects of our regulations, should be modified to address these concerns.

CFTC Financial Data For Futures Commission Merchants Update

Date 02/07/2019

Futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs) must file monthly financial reports with the CFTC's Division of Swap Dealer and Intermediary Oversight (DSIO) within 17 business days after the end of the month. Selected financial information from these reports is published below. The most recent month-end information generally is added within 12 business days after FCMs and RFEDs file their reports, but occasionally may be added later. For example:  The 17th business day filing “due date" for February 28, 2015 financial reports was March 25, 2015.  The 12 business day target for posting these data was April 10, 2015.

FIA June 2019 SEF Tracker

Date 02/07/2019

Trading volume on SEFs reached a record level of $1 trillion in average notional value per day during June 2019, up 22.9% from the previous month and up 28.4% from a year ago.

New York State Department Of Financial Services Superintendent Lacewell Announces New Executive Appointments Steven F. Kluger To Lead Capital Markets Division - James V. Regalbuto Promoted To Deputy Superintendent For Insurance Alice Wang Mckenney Promoted To Deputy Chief, Health Bureau

Date 02/07/2019

Department of Financial Services (DFS) Superintendent Linda A. Lacewell today announced new executive appointments.  Steven F. Kluger has been appointed Executive Deputy Superintendent for Capital Markets, James V. Regalbuto has been promoted to Deputy Superintendent for Insurance, the second ranking position in the Insurance Division, and Alice Wang McKenney has been promoted to Deputy Chief of the Health Bureau.

FINRA Orders Summit Brokerage Services, Inc. To Pay More Than $550,000 In Restitution To Customers Whose Accounts Were Excessively Traded - Firm Sanctioned For Failing To Reasonably Supervise Recommended Securities Transactions And Use Of Consolidated Reports

Date 02/07/2019

FINRA announced today that it has sanctioned Summit Brokerage Services, Inc. (Summit) a total amount exceeding $880,000 for supervisory failures, including approximately $558,000 in restitution to customers whose accounts were excessively traded by a former registered representative of the firm who was previously barred by FINRA.

ESMA Publishes Responses To Its Consultation On Draft RTS Under The ELTIF Regulation

Date 02/07/2019

The European Securities and Markets Authority (ESMA) has published the responses received to its Consultation on draft regulatory technical standards under Article 25 of the ELTIF Regulation.

CFTC Charges Hedge Fund with Violating Wheat Futures Speculative Position Limits

Date 02/07/2019

The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Elephas Investment Management Ltd. (Elephas), a Hong Kong based hedge fund, for violating wheat futures speculative position limits. The Order requires Elephas to pay a $160,000 civil monetary penalty.

Statement By International Monetary Fund Managing Director Christine Lagarde On Her Nomination As President Of The European Central Bank

Date 02/07/2019

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today.

“I am honored to have been nominated for the Presidency of the European Central Bank. In light of this, and in consultation with the Ethics Committee of the IMF Executive Board, I have decided to temporarily relinquish my responsibilities as Managing Director of the IMF during the nomination period.” 

John Glen, UK Economic Secretary To The Treasury, Speaks At The Green Finance Summit - John Glen Spoke About The The Publication Of The UK Government’s Green Finance Strategy

Date 02/07/2019

It’s a pleasure to join you for the City’s third Green Finance Summit.

This event gets bigger every year, which reflects the momentum growing behind Green Finance in the Square Mile, and beyond.

FSB Publishes Review Of TLAC Standard

Date 02/07/2019

The Financial Stability Board (FSB) today published a technical review  of the implementation of the Total Loss-Absorbing Capacity (TLAC) Standard for Global Systemically Important Banks (G-SIBs) in resolution. When fully implemented, the TLAC Standard will promote financial stability by providing confidence that G-SIBs have appropriate capacity to absorb losses and, if necessary, to achieve an orderly resolution and to maintain the continuity of critical functions.