News Centre

Financial Stability Oversight Council Releases Sixth Annual Report

Date 22/06/2016

The Financial Stability Oversight Council (Council) today unanimously approved its 2016 annual report, which was developed collaboratively by the members of the Council and their agencies and staffs.  The Council reports annually to Congress on a range of issues, including significant financial market and regulatory developments, potential emerging threats to the financial stability of the United States, and the activities of the Council.  The report also makes recommendations to promote market discipline; maintain investor confidence; and enhance the integrity, efficiency, competitiveness, and stability of U.S. financial markets. 

Financial Stability Oversight Council Meeting June 21

Date 22/06/2016

U.S. Secretary of the Treasury Jacob J. Lew today convened a meeting of the Financial Stability Oversight Council (Council) in executive and open sessions at the Treasury Department.

Statement Of CFTC Chairman Timothy Massad On The Financial Stability Oversight Council’s Adoption Of Its Annual Report

Date 21/06/2016

I support the adoption of the Financial Stability Oversight Council’s (FSOC) annual report and its recommendations. I want to thank the FSOC members and their staffs for the great deal of work that went into this document, and Secretary Lew for his leadership.

Autorité Des Marchés Financiers Launches Whistleblower Program

Date 21/06/2016

The Autorité des marchés financiers (the “AMF”) yesterday launched its whistleblower program, intended to better protect individuals who report wrongdoing and enable the AMF to gather information on offences committed under the laws and regulations it administers.

CBOE Holdings Announces Date Of Second-Quarter 2016 Earnings Release And Conference Call

Date 21/06/2016

CBOE Holdings, Inc. (NASDAQ: CBOE) will announce its financial results for the second quarter of 2016 before the market opens on Friday, July 29, 2016.  A conference call with remarks by CBOE Holdings, Inc. senior management will begin at 7:30 a.m. Central Time (CT). 

SEC Charges Medical Device Manufacturer With FCPA Violations

Date 21/06/2016

The Securities and Exchange Commission today announced that Massachusetts-based medical device manufacturer Analogic Corp. and its wholly-owned Danish subsidiary have agreed to pay nearly $15 million to settle parallel civil and criminal actions involving Foreign Corrupt Practices Act (FCPA) violations.

Federal Reserve Governor Jerome H. Powell, At The Roundtable On The Interim Report Of The Alternative Reference Rates Committee Sponsored By The Federal Reserve Board And The Federal Reserve Bank Of New York, New York, New York, June 21, 2016

Date 21/06/2016

Introductory Comments

I want to thank you all for coming today, and I also want to thank the Alternative Reference Rates Committee (ARRC) for all its work in developing its interim report. This report marks a new stage in reference rate reform.1 Reference benchmarks are a key part of the financial infrastructure. About $300 trillion dollars in contracts reference LIBOR alone. But benchmarks were not given much consideration prior to the recent scandals involving attempts to manipulate them. Since then, the official sector has thought seriously about financial benchmarks, conducting a number of investigations into charges of manipulation, publishing the International Organization of Securities Commission's (IOSCO) Principles for Financial Benchmarks and, through the Financial Stability Board (FSB), sponsoring major reform efforts of both interest rate and foreign exchange benchmarks.2 The institutions represented on the ARRC have also had to think seriously about these issues as they have developed this interim report. Now, we need end users to begin to think more seriously about how they use benchmarks and the risks they are taking on by relying so heavily on a reference rate--in this case U.S. dollar LIBOR--that is less resilient than it needs to be.

SIX Swiss Exchange: Successful ETF/ETP Roundtable

Date 21/06/2016

SEC: Former CEO Of Chicago Charter School Operator Settles Muni-Bond Fraud Charges

Date 21/06/2016

The Securities and Exchange Commission today announced a settlement with Juan Rangel, the former President of UNO Charter School Network Inc. and former CEO of United Neighborhood Organization of Chicago, for his role in a misleading $37.5 million bond offering to build three charter schools.

7 Major Financial Institutions Join Forces To Develop Blockchain Infrastructure For SME Post-Trade

Date 21/06/2016

BNP Paribas Securities Services, Caisse des Dépôts, Euroclear, Euronext, S2iEM and Société Générale, in collaboration with Paris EUROPLACE, today announced that they have signed a Memorandum of Understanding to explore together the development of a post-trade blockchain infrastructure for SMEs in Europe.