News Centre

Financial Stability Board Agrees 2017 Workplan

Date 17/11/2016

The Financial Stability Board (FSB) met in London today to discuss current vulnerabilities ongoing policy work and its work plan for 2017.  

OCC Comment Letter: Extension Of The Transitional Periods Related To Own Funds Requirements For Exposures To Central Counterparties

Date 17/11/2016

As an update to its application to be recognized as a Qualifying Central Counterparty, OCC submitted a comment letter on November 16^th to the European Commission supporting their draft regulation to push back the effective date of the EU Capital Requirements Regulation from December 15, 2016, to June 15, 2017. The proposed delay would afford the EC and the U.S. Securities and Exchange Commission more time to negotiate an equivalency determination for the SEC’s CCP regulatory regime. Without the delay, OCC’s clearing members affiliated with European banks or other European financial institutions would be subject to significantly higher capital charges under the EU Capital Requirements Regulation.

Thomson Reuters Eikon Platform Helps Investors Identify Timely Litigation Risks With The Addition Of Westlaw Court Filing Data - Court Wire App Taps Westlaw Data To Deliver Litigation Intelligence And Inform Trading Decisions

Date 17/11/2016

Investors can now find real-time insight into whether an entity, market or industry is the subject of litigation at the exact time a lawsuit is filed – and assess the likely impact on its stock price – with the Court Wire app, a unique product offering to the investor community available on Eikon, Thomson Reuters flagship financial markets desktop.

ETF Industry Leader, Innovator Dave Nadig Named CEO Of ETF.com - Created ETF.com’s Data And Analytics Platform

Date 17/11/2016

Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today named Dave Nadig CEO of the company’s ETF.com division as he rejoins the firm where he played a leadership role from 2008-2015.

ESMA Chair Says Safeguarding Investors Is Key To Capital Markets Union’s Success

Date 17/11/2016

The European Securities and Markets Authority (ESMA) Chair, Steven Maijoor, today gave a speech entitled "Safeguarding investors is key to ensuring the Capital Markets Union’s success" at the Börse Stuttgart MiFID-Kongress, Germany. 

Speech By Federal Reserve Governor Lael Brainard At "Evolution Of Work," A Convening Cosponsored By The Board Of Governors Of The Federal Reserve System, The Federal Reserve Bank Of New York, And The Freelancers Union, New York, New York, November 17, 2016, The "Gig" Economy: Implications Of The Growth Of Contingent Work

Date 17/11/2016

Watch live at https://www.facebook.com/newyorkfed/ 

I would like to thank Bill Dudley and Sara Horowitz for inviting me to participate in today's conference. The subject we are tackling today--the evolution of work--is a particular interest of mine and is a matter of great importance to the Federal Reserve. The Congress has mandated the Federal Reserve to implement monetary policy so as to promote maximum employment and stable prices. Our dual mandate recognizes the importance of work in enabling people to contribute to the financial security of their family and the prosperity of their community and the country overall. Moreover, there is a long-standing recognition that secure and dignified work provides a key sense of purpose and worth. Understanding the changing nature of employment in today's economy is not only central to the mission of the Federal Reserve, but also goes to the core of who we are as providers for our families and productive members of society.

EGX Wins FEAS Chairmanship

Date 17/11/2016

US Justice Department: JPMorgan’s Investment Bank In Hong Kong Agrees To Pay $72 Million Penalty For Corrupt Hiring Scheme In China

Date 17/11/2016

JPMorgan Securities (Asia Pacific) Limited (JPMorgan APAC), a Hong Kong-based subsidiary of multinational bank JPMorgan Chase & Co. (JPMC), agreed to pay a $72 million penalty for its role in a scheme to corruptly gain advantages in winning banking deals by awarding prestigious jobs to relatives and friends of Chinese government officials.

CFTC: Federal Court In Chicago Orders U.K. Resident Navinder Singh Sarao To Pay More Than $38 Million In Monetary Sanctions For Price Manipulation And Spoofing - Sarao Admits To Contributing To Extreme Order Book Imbalance And Causing And Creating Artificial Prices On Multiple Days, Including May 6, 2010 (Flash Crash Day)

Date 17/11/2016

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Andrea R. Wood of the U.S. District Court for the Northern District of Illinois entered a Consent Order against Navinder Singh Sarao (Sarao) that requires him to pay a $25,743.174.52 civil monetary penalty and $12,871,587.26 in disgorgement.  The Court’s Order also permanently prohibits Sarao from further violations of the Commodity Exchange Act (CEA) and CFTC Regulations, as charged, and imposes permanent trading and registration bans against Sarao.

Opening Remarks To The Government-Business Forum On Small Business Capital Formation, SEC Chair Mary Jo White, Nov. 17, 2016

Date 17/11/2016

Thank you, Keith and Sebastian.  I also want to welcome everyone to today’s Government-Business Forum on Small Business Capital Formation.  I especially want to thank all of the panelists, moderators and participants in today’s program.  The great staff in the Division of Corporation Finance organized today’s Forum and I want to thank them as well.