News Centre

UK's Financial Conduct Authority Fines Deutsche Bank £163 Million For Serious Anti-Money Laundering Controls Failings

Date 31/01/2017

The Financial Conduct Authority (FCA) has today fined Deutsche Bank AG (Deutsche Bank) £163,076,224 for failing to maintain an adequate anti-money laundering (AML) control framework during the period between 1 January 2012 and 31 December 2015.  This is the largest financial penalty for AML controls failings ever imposed by the FCA, or its predecessor the Financial Services Authority (FSA).

Approval Of Initial Program’s Listing (TOKYO PRO-BOND Market): Japan Exchange Group, Inc.

Date 31/01/2017

Today, Tokyo Stock Exchange approved a program listing application from Japan Exchange Group, Inc. for listing on the professional-oriented TOKYO PRO-BOND Market.

New York State Department Of Financial Services Fines Deutsche Bank $425 Million For Russian Mirror-Trading Scheme - The Bank Allowed Traders to Engage in a Money-Laundering Scheme Using “Mirror Trades” That Improperly Shifted $10 Billion Out of Russia - DFS Directs Bank to Hire an Independent Monitor to Review and Report on Its Existing Compliance Programs, Policies and Procedures

Date 31/01/2017

Financial Services Superintendent Maria T. Vullo today announced that Deutsche Bank AG and its New York branch will pay a $425 million fine and hire an independent monitor as part of a consent order entered into with the New York State Department of Financial Services (DFS) for violations of New York anti-money laundering laws involving a “mirror trading” scheme among the bank’s Moscow, London and New York offices that laundered $10 billion out of Russia. DFS’s investigation found that the bank missed numerous opportunities to detect, investigate and stop the scheme due to extensive compliance failures, allowing the scheme to continue for years. DFS worked closely on the investigation with the Financial Conduct Authority.

ISDA Americas Credit Derivatives Determinations Committee: Avaya Inc. Bankruptcy Credit Event

Date 31/01/2017

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Americas Credit Derivatives Determinations Committee resolved that a bankruptcy credit event occurred in respect of Avaya Inc.

Remarks Of CFTC Commissioner Sharon Y. Bowen Before The Commodity Markets Council - “Transitions Present Opportunities”

Date 30/01/2017

Introduction

Thank you for the kind introduction and good morning everyone. It is a pleasure to be here at the Commodity Markets Council’s “Global State of the Industry” Meeting. The CMC is an important voice for end-users in our energy and agricultural markets, and I welcome any opportunity to engage with these market participants that play such a vital role in our infrastructure and economy. Before I begin, let me note that the views expressed today are my own, and do not necessarily reflect those of the other Commissioners or Commission staff.

Federal Reserve Board Announces Finalized Stress Testing Rules Removing Noncomplex Firms From Qualitative Aspect Of CCAR Effective For 2017

Date 30/01/2017

The Federal Reserve Board on Monday finalized a rule adjusting its capital plan and stress testing rules, effective for the 2017 cycle. The final rule removes large and noncomplex firms from the qualitative assessment of the Federal Reserve's Comprehensive Capital Analysis and Review (CCAR), reducing significant burden on these firms and focusing the qualitative review in CCAR on the largest, most complex financial institutions.

Wenchi Hu, Associate Director In The Division Of Trading And Markets, To Leave SEC

Date 30/01/2017

The Securities and Exchange Commission today announced that Wenchi Hu, an Associate Director in the Division of Trading and Markets, will leave the agency in early February.

NZX Annual 2016 Operational & Regulation Metrics

Date 30/01/2017

Please find attached NZX annual operational and regulation metrics for 2016.

MIAX PEARL Business Continuity And Disaster Recovery Plans Testing - Member Designation Standards

Date 30/01/2017

As required by Regulation Systems Compliance and Integrity and MIAX PEARL Rule 321, certain Members of MIAX PEARL will have mandatory participation requirements in the annual SIFMA Business Continuity Planning Disaster Recovery (“BC/DR”) test.  MIAX PEARL will be leveraging the annual industry-wide BC/DR test to fulfill this requirement.

OCIE Director Marc Wyatt To Leave SEC

Date 30/01/2017

The Securities and Exchange Commission today announced that Marc Wyatt, Director of the Office of Compliance Inspections and Examinations, will leave the agency next month to return to the private sector.