News Centre

Office Of The Comptroller Of The Currency Issues Suspension Notice To HSBC FOREX Executive

Date 06/10/2016

The Office of the Comptroller of the Currency (OCC) today issued a notice of suspension to Mark Johnson, Global Head of Foreign Exchange and Commodities, Americas, HSBC Bank USA, N.A.

CFTC Signs MOU With UK Financial Conduct Authority To Enhance Supervision Of Cross-Border Regulated Firms

Date 06/10/2016

The U.S. Commodity Futures Trading Commission (CFTC) announced today that CFTC Chairman Timothy Massad and Andrew Bailey, Chief Executive of the Financial Conduct Authority (FCA), signed a Memorandum of Understanding (MOU) regarding cooperation and the exchange of information in the supervision and oversight of certain regulated firms that operate on a cross-border basis in the United States and in the United Kingdom.

MGEX Announces Board Of Directors Election Results

Date 06/10/2016

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), announced the results of its annual Board of Directors (Board) election, held October 6, 2016. Re-elected to the Board were Martin F. Farrell, Christopher T. Matzdorf and Michael O. Miller. Newly elected to the Board was Kerry L. Melius. All were elected to serve two-year terms.

BM&FBOVESPA Publishes September Market Performance

Date 06/10/2016

BOVESPA  Segment

Trading value in the equity market (BOVESPA segment) totaled BRL 139.23 billion in September, compared with BRL 168.37 billion in the previous month. Average daily trading value was BRL 6.63 billion, versus BRL 7.32 billion in August. Total volume amounted to 18,510,934 shares, compared with 20,201,699 shares in the previous month. Average daily volume was 881,473 shares (878,335 shares in August).

EBA: Consultation On Guidelines On ICT Risk Assessment Under The SREP (EBA-CP-2016-14)

Date 06/10/2016

The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on the assessment of the Information and Communication Technology (ICT) risk in the context of the Supervisory Review and Evaluation Process (SREP). These draft Guidelines are addressed to competent authorities and aim at promoting common procedures and methodologies for the assessment of ICT risk. The consultation runs until 06 January 2017.

SEC: David Saltiel Named To Head Office Of Analytics And Research In The Division Of Trading And Markets

Date 06/10/2016

The Securities and Exchange Commission today announced that it has named David H. Saltiel to head the Office of Analytics and Research in the Division of Trading and Markets.  He joined the SEC in September.

Remarks By US Treasury Deputy Secretary Raskin At The Cambridge Cyber Summit - An Opportunity To Innovate: Building Security Into The Chips And Bits Of Our Financial Products, Services, And Institutions

Date 06/10/2016

Thank you for having me here today at the inauguration of the Cambridge Cyber Summit.  Congratulations to the Aspen Institute, MIT, and CNBC for launching this event and bringing together such a strong group of leaders from across government, academia, and industry to discuss the cyber threats to America’s security and prosperity, and how we can combat and reduce these threats through technological innovation. 

European Banking Authority (EBA) Consults On ICT Risk

Date 06/10/2016

The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on the assessment of the Information and Communication Technology (ICT) risk in the context of the Supervisory Review and Evaluation Process (SREP). These draft Guidelines are addressed to competent authorities and aim at promoting common procedures and methodologies for the assessment of ICT risk. The consultation runs until 06 January 2017.

Federal Reserve Board Takes Action To Bar Two Former Foreign Exchange (FX) Traders Of HSBC From Employment In Banking Industry

Date 06/10/2016

The Federal Reserve Board on Thursday took action to bar two former foreign exchange (FX) traders of HSBC from employment in the banking industry. Mark Johnson and Stuart Scott, former senior HSBC managers, were recently indicted for criminal wire fraud in connection with their trading activities at HSBC Bank plc, a subsidiary of HSBC which is a U.S. bank holding company. Johnson was a managing director and the global head of FX cash trading. In that role, Johnson supervised FX trading desks for HSBC. Scott reported to Johnson and was head of FX trading for Europe, the Middle East, and Africa and was also employed by HSBC Bank plc.

Federal Reserve Board Takes Action To Bar Two Former Foreign Exchange (FX) Traders Of HSBC From Employment In Banking Industry

Date 06/10/2016

The Federal Reserve Board on Thursday took action to bar two former foreign exchange (FX) traders of HSBC from employment in the banking industry. Mark Johnson and Stuart Scott, former senior HSBC managers, were recently indicted for criminal wire fraud in connection with their trading activities at HSBC Bank plc, a subsidiary of HSBC which is a U.S. bank holding company. Johnson was a managing director and the global head of FX cash trading. In that role, Johnson supervised FX trading desks for HSBC. Scott reported to Johnson and was head of FX trading for Europe, the Middle East, and Africa and was also employed by HSBC Bank plc.