News Centre

SGX Welcomes Xin Hua Securities Limited As Derivatives Trading Member

Date 15/11/2017

Singapore Exchange (SGX) today welcomed Hong Kong-based Xin Hua Securities to its derivatives market as a Trading Member.

Remarks Of CFTC Chairman J. Christopher Giancarlo To The Singapore FinTech Festival

Date 15/11/2017

Introduction

Good morning ladies and gentlemen. Thank you for your kind welcome.

I want to thank Tim Adams for his kind introduction. I am looking forward to sitting down with him and taking your questions after I give these remarks.

It is hard to think of a more timely subject than the one that underpins the Singapore FinTech Festival.

Outcome Of New Zealand's Financial Markets Authority Investigation Into Goldman Sachs NZ Ltd

Date 15/11/2017

The Financial Markets Authority (FMA) has concluded an investigation into certain trading activity by Goldman Sachs New Zealand LTD (GS). The GS investigation was prompted by concerns arising from an investigation into trading by Mark Warminger and Milford Asset Management.

Remarks Of CFTC Commissioner Rostin Behnam At The Georgetown Center For Financial Markets And Policy - “The Dodd-Frank Inflection Point: Building On Derivatives Reform”

Date 14/11/2017

Good afternoon. And thank you for your warm welcome. It is truly an honor to be back at Georgetown, and a privilege to be speaking to you today. Before I begin, I want to thank the Center for Financial Markets and Policy for hosting me today; Scott Fleming, the University’s Associate Vice President for Federal Relations; and Dr. Aggarwal for taking time out of her busy schedule to facilitate a more informal conversation after these prepared remarks.

CFTC's Division Of Market Oversight Extends Time-Limited No-Action Relief For Swap Execution Facilities From Certain Block Trade Requirements

Date 14/11/2017

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) today extended time-limited no-action relief to swap execution facilities (SEFs) from certain requirements in the definition of “block trade” in CFTC regulation 43.2.

SIFMA: Associations Request SEC Modernize Electronic Recordkeeping Requirements

Date 14/11/2017

Several trade associations have asked the Securities and Exchange Commission (SEC) to update its broker-dealer electronic retention Rule 17a-4 by eliminating an outdated recordkeeping requirement known as WORM (write once, read many), examining authority notification, and third-party downloader requirements.  In their place, the Associations proposed a rigorous retention standard that is technology-neutral and consistent with current business record management principles.  The amendments would also harmonize the SEC rules with the correlating principles-based CFTC rules adopted in May 2017 which eliminated the WORM standard and third-party downloader requirements from CFTC.

CFTC Orders INTL FCStone Financial Inc. And FCStone Merchant Services LLC To Pay Penalty For Unlawful Exchange For Related Position Transactions

Date 14/11/2017

• INTL FCStone Financial had inadequate supervisory systems and controls to detect and deter the unlawful conduct

EBA Releases Its Annual Assessment Of The Consistency Of Internal Model Outcomes

Date 14/11/2017

The European Banking Authority (EBA) published today two reports on the consistency of risk weighted assets (RWAs) across all EU institutions authorised to use internal approaches for the calculation of capital requirements. The reports cover credit risk for large corporate, institutions, and sovereign portfolios (collectively referred to as "low default portfolios" - LDP), as well as market risk. The results confirm previous findings, with the majority of risk-weights (RWs) variability explained by fundamentals. These benchmarking exercises, conducted by the EBA on an annual basis are a fundamental supervisory and convergence tool to address unwarranted inconsistencies and restoring trust in internal models.

Moscow Exchange Holds Investment Conferences For Chinese Investors

Date 14/11/2017

On 13-15 November 2017, Moscow Exchange is hosting a series of investment conferences in China to bring together representatives of the Chinese financial community, including funds, banks and trading venues. The events are taking place in three cities: Shenzhen (13 November), Shanghai (14 November) and Beijing (15 November).

EBA Publishes Final Guidance On Connected Clients

Date 14/11/2017

The European Banking Authority (EBA) published today its final Guidelines on the treatment of connected clients as defined in the Capital Requirements Regulation (CRR), aiming at supporting institutions in identifying all possible connections among their clients, in particular when control relationships or economic dependency should lead to the grouping of clients because they constitute a single risk. The guidelines apply to all areas of the CRR where the concept of ‘group of connected client' is used, including the EBA technical standards and the EBA guidelines that refer to that concept.