News Centre

Office Of The Comptroller Of The Currency: Cassandra Cuffee-Graves Named Deputy Comptroller For Human Capital

Date 24/04/2018

The Office of the Comptroller of the Currency (OCC) today announced the selection of Cassandra Cuffee-Graves to be the agency’s Deputy Comptroller for Human Capital, effective April 29, 2018.

CFTC Charges New York Resident Kevin Scott Antonovich With Commodity Pool Fraud

Date 24/04/2018

The Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action on April 23, 2018, in the U.S. District Court for the Eastern District of New York charging Defendant Kevin Scott Antonovich of Woodside, New York, with misappropriation of customer funds and fraudulent solicitation in connection with investments in a commodity pool. The CFTC Complaint also charges Antonovich with registration violations.

Challenges Around Derivatives Data Consistency, Aggregation And Access Continue To Hinder Effective Systemic Risk Monitoring And Reduction, According To New Dtcc White Paper - Eight Years Since Derivatives Trade Reporting Was First Introduced, DTCC’s Latest White Paper Assesses Progress Against G20 Goals And Proposes Recommendations To Further Improve The Global Reporting Framework

Date 24/04/2018

While significant progress has been made during the last eight years towards establishing a global reporting framework for over-the-counter (OTC) derivatives transactions, substantial work remains in the areas of data consistency, aggregation and access in order to be able to effectively monitor and reduce systemic risk, according to a white paper published today by The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry.

Moscow Exchange: Risk Parameters Change On Standardised Derivatives Market

Date 24/04/2018

CCP NCC is changing FX risk rate for USD from 6% to 10% on Standardised Derivatives Market starting from 5:00 pm April 26, 2018.

ISDA Publishes Future Of Derivatives Survey

Date 24/04/2018

Derivatives industry participants are optimistic about the future of derivatives markets, but have flagged a number of important changes that will have an impact on the future of the business, according to a new survey published by ISDA to coincide with the start of the 33rd ISDA Annual General Meeting (AGM) in Miami.

CFTC Asks Innovators For Competition Ideas To Advance FinTech Solutions - LabCFTC Looking To “Crowdsource” Ideas For Using The Science Prize Competition Act

Date 24/04/2018

LabCFTC, the Commodity Futures Trading Commission’s (CFTC) FinTech initiative, announced today that it is requesting public input to gather ideas and topics for innovation competitions to advance the agency’s FinTech goals. All comments must be received within 90 days of publication of the request in the Federal Register.  

Nasdaq Announces Results From 2018 Annual Meeting Of Stockholders

Date 24/04/2018

Nasdaq, Inc. (Nasdaq:NDAQ) stockholders today elected all nominated directors at the company’s Annual Meeting of Stockholders. All directors will serve one-year terms. 

Brown Rudnick Alert: Responding To Market Disruption, OFAC Issues New & Updated General Licenses For RUSAL, As Existing Wind-Down And Divestment Deadlines Approach

Date 24/04/2018

Highlights: 

• OFAC’s latest wave of Russian sanctions, which require the blocking of several Russian companies and individuals, are having significant impacts across a number of economic sectors. OFAC anticipated some of these impacts and issued two General Licenses to soften the immediate blow on the global economy, but both of these measures will expire soon.
• Because of the turmoil in the aluminum market, OFAC has now issued an additional General License (14) to authorize U.S. persons to engage in a narrow set of transactions related to winding down or maintaining business with United Company RUSAL PLC (RUSAL) and its subsidiaries.
• General License 13, issued on April 6, 2018 and which allows U.S. persons to divest holdings in certain SDNs, expires in two weeks, on May 7, 2018.
• OFAC has also issued updated General License 12A, which allows U.S. persons to engage in winding-down activities with the newly designated SDNs, and reflects the authorizations in General License 14. General License 12A is still due to expire on June 5, 2018.
• OFAC’s move to relax the prohibitions on the winding down period for RUSAL demonstrates that when a proposed or new sanctions measure has an outsize collateral impact outside of the target company or country, OFAC will take measures to provide companies affected by the sanctions measures some limited respite.

London Stock Exchange Group Plc Annual General Meeting, Tuesday 24 April 2018, Chairman's Statement By Donald Brydon

Date 24/04/2018

I am pleased to say that the Group delivered another strong financial performance in 2017.

We have continued successfully to execute our strategy to grow and diversify, operating on an Open Access basis in partnership with our customers. We are strategically, operationally and financially well positioned to capitalise on a range of opportunities ahead, and to continue to drive returns for shareholders.

EBA Launches Call For Papers For Its 2018 Annual Research Workshop

Date 24/04/2018

The European Banking Authority (EBA) launched today a call for research papers in view of its seventh policy research workshop taking place in London on 28-29 November 2018 on the topic ‘Reaping the benefits of an integrated EU banking market '.