News Centre

Office Of The Comptroller Of The Currency Bulletin: Cybersecurity: Cyber-Related Sanctions

Date 05/11/2018

Summary

The FFIEC has issued a statement to alert financial institutions of the recent actions taken by the Office of Foreign Assets Control under its Cyber-Related Sanctions Program and to the potential impact similar sanctions may have on financial institutions' operations.

Statement Of Concurrence Of CFTC Commissioner Rostin Behnam Regarding Swap Execution Facilities And Trade Execution Requirement

Date 05/11/2018

Introduction

Today, the Commission votes to issue proposed rules that would constitute an overhaul of the existing framework for swap execution facilities (SEFs).  I wish to commend staff for all of their very hard work in producing the document before us.  I appreciate the long hours that were spent by the staff presenting today, and by many other members of our dedicated staff working behind the scenes. 

Canadian Securities Regulators Encourage Investors To Look Out For ETF Facts

Date 05/11/2018

The Canadian Securities Administrators (CSA) today launched an awareness campaign encouraging investors to read the Exchange-Traded Funds (ETF) Facts they receive from their dealers when they invest in an ETF, an investment fund that trades like a stock but may hold a diversified portfolio of investments.

Opening Statement Of CFTC Commissioner Brian Quintenz Before The Open Commission Meeting On November 5, 2018 - Open Meeting On Final Rule: Amending The De Minimis Exception To The Swap Dealer Definition; Proposed Rule: Amendments To Regulations On Swap Execution Facilities And The Trade Execution Requirement; And Request For Comment Regarding The Practice Of “Post-Trade Name Give-Up” On Swap Execution Facilities

Date 05/11/2018

Mr. Chairman, thank you for calling this meeting.  It is a great pleasure to participate today with you and my fellow Commissioners in the first open meeting since 2013 with a full complement of Commissioners.  The matters before us today are of critical importance to the derivatives markets, impacting two fundamental Dodd-Frank reforms:  swap dealer registration and trading on swap execution facilities.  I appreciate all the hard work of staff to put these two rulemakings before us and support their ongoing efforts to continue improving and refining our regulatory framework.  I look forward to hearing their presentations as well as my fellow Commissioners’ questions and comments.

CME Group To Host 11th Annual Global Financial Leadership Conference

Date 05/11/2018

CME Group (Nasdaq: CME), the world's leading and most diverse derivatives marketplace, today announced it will host the 11th annual Global Financial Leadership Conference (GFLC) Nov. 12-14, at the Ritz-Carlton Beach Resort in Naples, Fla. The GFLC is an exclusive, invitation-only event that brings together decision-makers from the world's leading financial institutions to discuss the global investment climate and outlook, debate critical economic issues and share insights and analysis of geopolitical trends and the global financial landscape.

Dissenting Statement Of CFTC Commissioner Dan M. Berkovitz Regarding Proposed Rulemaking On Swap Execution Facilities And Trade Execution Requirement

Date 05/11/2018

I.          Summary of Dissenting Views

I respectfully dissent from the Commodity Futures Trading Commission’s (“CFTC” or “Commission”) notice of proposed rulemaking regarding Swap Execution Facilities and Trade Execution Requirement (the “Proposal”).  This Proposal would reduce competition and diminish price transparency in the swaps market, which will lead to higher costs for end users and increase systemic risks.

Cboe Europe Reports Record Month For Cboe LIS With €8 Billion Notional Traded On Block Trading Platform

Date 05/11/2018

• Record average daily notional value (ADNV) traded of €348 million for Cboe LIS in October, up 27.7% over previous record month
• Cboe LIS now accounts for 22% of large–in–scale activity taking place on non–displayed venues
• 172 buy–side firms globally now utilising the platform

Statement Of CFTC Commissioner Dawn D. Stump Regarding The CFTC Open Meeting

Date 05/11/2018

I am pleased to participate in my first open meeting exactly two months to the day after being sworn-in.  On my first month anniversary we held a Technology Advisory Committee Meeting so I am looking forward to seeing what sort of gathering we have to mark my third month.

Vienna Stock Exchange: Rising Equity Turnover In October 2018

Date 05/11/2018

Equity turnover is rising: In the month of October, the Vienna Stock Exchange recorded a turnover of EUR 6.63 billion. This is an increase of 14.8% compared to the previous year (October 2017: EUR 5.78 billion).

Public Meeting Opening Statement Of CFTC Commissioner Rostin Behnam

Date 05/11/2018

Thank you Mr. Chairman.  I would like to start by thanking all of the Commission staff who worked to make today’s meeting possible – both those who will be presenting at the table today and those who provided the knowledge and analysis supporting their statements.  I’d also like to welcome Commissioners Stump and Berkovitz to the dais.  I look forward to continuing to deliberate on these and other issues on the agenda.