News Centre

Japan's Financial Services Agency: The Eighth Meeting Of The Working Group On Financial Group Of The Financial System Council

Date 05/11/2015

The Working Group on Financial Group of the Financial System Council will hold its eighth meeting on November 18th, 2015 as follows.

The meeting is open to the public. Please note that the seats for the public are limited. We appreciate your understanding.

The materials and minutes are to be publicized on the FSA Homepage after the meeting.

Summary Of October 2015 Activities At Tokyo Commodity Exchange

Date 05/11/2015

• Gold Daily Futures Open Interest Increased Over 70,000 Contracts – Growing to be TOCOM’s Another Major Product 
• October Volume Averaged 95,896 Contracts per Day, Down 12.8% from September

Moscow Exchange & Shanghai Stock Exchange Partner To Host The Russian Capital Markets Forum

Date 05/11/2015

Moscow Exchange (MOEX) and Shanghai Stock Exchange (SSE) will be organising The Russian Capital Markets Forum on Friday, 6 November in Shanghai.

Speech By Federal Reserve Vice Chairman Stanley Fischer, At The 2015 Herbert Stein Memorial Lecture National Economists Club, Washington, D.C., November 4, 2015, Central Bank Independence

Date 05/11/2015

It is a pleasure to speak to you tonight and an honor to deliver the 2015 Herbert Stein Memorial Lecture. My subject tonight is central bank independence. But before turning to that topic, I would like to explain why this is a special occasion for me.

End Users And Policy Makers Discuss Supplemental Leverage Ratio Calculation

Date 05/11/2015

End users and policy makers have raised concerns on how segregated initial margin for centrally cleared derivatives is treated under the Basel III leverage ratio.  End-users at the Commodity Markets Council and the Managed Funds Association, have written to the Basel Committee on Banking Supervision, regarding the adverse effects of the Basel III supplementary leverage ratio on end user and buy-side market participants.  

New York State Department Of Financial Services Announces Deutsche Bank To Pay $258 Million, Install Independent Monitor, Terminate Employees For Transactions On Behalf Of Iran, Syria, Sudan, Other Sanctioned Entities - Deutsche Bank Created “OFAC-Safe” Payment Processing Schemes To Evade U.S. Treasury Office Of Foreign Asset Control (OFAC) Sanctions - Deutsche Bank Employee Email: “Let’s Not Revert To The Client In Writing Due To The Reputational Risk Involved If The E-Mail Goes To Wrong Places. Someone Should Call [The Client] And Tell Them Orally And Ensure That The Conversation Is Not Taped. . . . Let’s Also Keep This E-Mail Strictly On A ‘Need-Know’ Basis, No Need To Spread The News…What We Do Under OFAC Scenarios”

Date 04/11/2015

Anthony J. Albanese, Acting Superintendent of Financial Services, today announced that Deutsche Bank will pay $258 million and install an independent monitor for New York Banking Law violations in connection with transactions on behalf of countries and entities subject to U.S. sanctions, including Iran, Libya, Syria, Burma, and Sudan. Additionally, while several of the employees who were centrally involved in this misconduct no longer work at the Bank, Deutsche Bank will take action to terminate an additional six employees involved in the scheme who currently remain employed by the Bank; and ban three other employees from any duties involving the firm’s U.S. operations. The overall $258 million penalty Deutsche Bank will pay includes $200 million to the New York State Department of Financial Services (NYDFS) and $58 million to the Federal Reserve.

CFTC Swaps Report Update

Date 04/11/2015

CFTC's Weekly Swaps Report has been updated, and is now available.

SEC Announces Whistleblower Award Of More Than $325,000

Date 04/11/2015

The Securities and Exchange Commission today announced a whistleblower award totaling more than $325,000 for a former investment firm employee who tipped the agency with specific information that enabled enforcement staff to open an investigation and uncover the extent of the fraudulent activity.

Looking Ahead - Closing Remarks At The ECB Forum On Banking Supervision - Closing Remarks By Sabine Lautenschläger, Member Of The Executive Board Of The ECB And Vice-Chair Of The Supervisory Board Of The Single Supervisory Mechanism, At The SSM Banking Supervision Forum, 4 November 2015

Date 04/11/2015

Let me close this conference by making a few remarks on the political climate in which regulators and supervisors are working and which the previous panel discussed. And while today is certainly a day for celebration, I also want to mention one major challenge the SSM is facing in the years to come.

SEC Identifies More Alleged Corrupt Brokers In Stock Manipulation Case

Date 04/11/2015

The Securities and Exchange Commission today announced it has identified three additional individuals to charge in a penny stock manipulation case the agency filed last year against alleged corrupt brokers and others.