News Centre

Jacob Frenkel Appointed To CME Group's Competitive Markets Advisory Council

Date 09/03/2017

CME Group, the world's leading and most diverse derivatives marketplace, today announced the appointment of a new member to its Competitive Markets Advisory Council (CMAC), Jacob Frenkel, Chairman of the Board of Trustees for the Group of Thirty (G-30), a private, nonprofit, international body comprised of financial industry leaders; as well as Chairman of the Board of Governors of Tel Aviv University and Chairman of JPMorgan Chase International.

SEC Charges Marijuana-Related Company And Executives With Touting Bogus Revenues

Date 09/03/2017

The Securities and Exchange Commission today charged a California-based company and its founder with falsely touting “record” revenue numbers to investors and claiming to be a leader in the marijuana industry while some of its earnings came from sham transactions with a secret affiliate.

Re-Publication Of Proposed IIROC Dealer Member Plain Language Rule Book. Comments Due By: May 12, 2017

Date 09/03/2017

IIROC has undertaken a project to rewrite, reformat, rationalize, and reorganize our Dealer Member Rules (DMRs) in plain language (the PLR Project).

Statement On The Meeting Between IMF Managing Director Christine Lagarde And U.S. Secretary Of Treasury Steven Mnuchin

Date 09/03/2017

Following the IMF Managing Director Christine Lagarde’s meeting with U.S. Treasury Secretary Steven Mnuchin in Washington today, Mr. Gerry Rice, Communications Director of the IMF, issued the following statement:

“In her conversation with Secretary Mnuchin, the Managing Director discussed the challenges facing the world economy and the upcoming G20 meetings of Finance Ministers in Germany. Madame Lagarde expressed the IMF’s desire to continue close engagement with the U.S. to encourage policies that will promote growth, stability, and job creation in the U.S. and globally.” 

Office Of Financial Research Update: Benefits And Risks Of Central Clearing In The Repo Market

Date 09/03/2017

The U.S. Office of Financial Research today posted a research brief, entitled, “Benefits and Risks of Central Clearing in the Repo Market.” The brief says the repurchase agreement (repo) market is a major source of short-term funding in the financial system. Many repo transactions between dealers are centrally cleared. This brief, using data from the OFR’s interagency bilateral repo data collection pilot, finds economic benefits for dealers in expanding central clearing to transactions between dealers and nondealer clients, but increased risks to the central counterparty.

FG Savings Will Boost Financial Inclusion - Nigeria Stock Exchange

Date 09/03/2017

The Federal Government of Nigeria (FGN) Savings Bond which will open for subscription exclusively on the Nigeria Stock Exchange (NSE) will boost financial inclusion says the Executive Director, Capital Market Division of NSE. The NSE key official made this remark while commenting on the planned launch of the sovereign savings bond which is scheduled for Monday, March 13, 2017 and targeted at retail investors. To ensure the offer reaches the last mile subscribers, the DMO has accredited eighty-seven (87) stockbroking firms of the Nigerian Stock Exchange to market and distribute the Savings Bond.

SIFMA Statement On The ASCE 2017 Infrastructure Report Card

Date 09/03/2017

SIFMA today issued the following statement from Michael Decker, managing director and co-head of SIFMA’s Municipal Division, on the American Society of Civil Engineers 2017 Infrastructure Report Card:

“While showing some incremental progress towards improving our nation’s infrastructure since the 2013 ASCE Report Card, the 2017 ASCE Report Card clearly shows the desperate need for a strong commitment to infrastructure investment, which will help spur job creation and economic growth. SIFMA strongly advocates that the tax exemption for municipal bond interest remain intact, so that it may continue to help America’s cities and states boost their local economies through the construction of new projects such as roads, hospitals and schools. Meaningful public-private partnerships should also be a key component of any plan, as they will ease the burden on the cash-strapped federal government by leveraging our capital markets to create expanded financing options.”

Canadian Securities Regulators Highlight Need For Improved Social Media Disclosure Practices By Reporting Issuers

Date 09/03/2017

The Canadian Securities Administrators (CSA) today released CSA Staff Notice 51-348 Staff’s Review of Social Media Used by Reporting Issuers, which summarizes staff’s findings and disclosure expectations for reporting issuers that use social media.

Bermuda Stock Exchange Introduces Guide To Help Investors ‘Own Their Share Of Bermuda’

Date 09/03/2017

The Bermuda Stock Exchange (BSX) today announced the launch of their Investor Education Guide.

Euronext Announces Annual Review Of The AEX, AMX And AScX

Date 09/03/2017

Euronext, the leading exchange in the Eurozone, today announces the results of the annual review of the AEX®, AMX® and AScX® indices. The changes due to the review will be effective from Monday 20 March 2017.