News Centre

SIFMA Statement On Senate Passage Of Important Cybersecurity Legislation

Date 27/10/2015

SIFMA today released the following statement from president and CEO Kenneth E. Bentsen, Jr., after the Senate passed the Cybersecurity Information Sharing Act (CISA): 

“We commend the Senate for taking bipartisan action on this important issue and applaud Senators Burr and Feinstein for their leadership in moving this critical legislation one step closer to becoming law. We also recognize the Administration for their active support and emphasis on improving our cybersecurity.  Cyber threats posed by criminals, hacktavists, nation states and terrorists are among the most serious threats facing the financial services industry and our nation’s economic prosperity. Enhanced information sharing is essential to enable the private sector to better protect consumers’ sensitive data and mitigate the risks posed by rapidly evolving and increasingly malicious cyber threats. SIFMA’s recent Quantum Dawn 3 cybersecurity exercise validated the importance of public-private information sharing in responding to a cyber attack that could disrupt confidence in the financial system and broader economy. "

Thomson Reuters Releases ‘7 Reasons the World Will Be Sustainable’ Multimedia Feature: Global Experts Working Towards An Answer

Date 27/10/2015

Thomson Reuters today released a multimedia feature entitled, '7 Reasons the World Will be Sustainable,' which examines the conflux of drivers that will enable sustainability globally.  The drivers include transparency, catastrophe, science & innovation as well as the role of: heroes, regulators, investors and collaborators in this effort.  The feature provides pathways for success following the United Nations Sustainable Development Summit 2015, when the world focused  its attention on 17 goals for the earth’s changing climate, natural resources distribution and prosperity.

New York State Department Of Financial Services Now Accepting Applications For Crédit Agricole Independent Monitor

Date 27/10/2015

The New York State Department of Financial Services (“the Department”) is accepting applications from firms interested in serving as the independent monitor for Crédit Agricole S.A. and Crédit Agricole Corporate & Investment Bank New York Branch (collectively, “Crédit Agricole” or “the Bank”), pursuant to paragraphs 26 through 37 of the Department’s October 19, 2015 Consent Order.

FINRA Orders An Additional Five Firms To Pay $18 Million In Restitution To Charities And Retirement Accounts Overcharged For Mutual Funds

Date 27/10/2015

The Financial Industry Regulatory Authority (FINRA) announced today that it has ordered five firms to pay restitution estimated at more than $18 million, including interest, to affected customers for failing to waive mutual fund sales charges for eligible charitable organizations and retirement accounts. The following firms were sanctioned.

EBA: Consultation On Guidelines On How Information Should Be Provided Under The BRRD (EBA/CP/2015/18)

Date 27/10/2015

The European Banking Authority (EBA) launched today a consultation on draft Guidelines on how confidential information collected under the Bank Recovery and Resolution Directive (BRRD) should be disclosed in summary or collective form without identifying individual institutions or relevant entities. The aim of the Guidelines is to promote symmetric information and convergence of supervisory and resolution practices regarding the disclosure of confidential information. The consultation runs until 27 January 2016.

SEC: Developer, Former Top Execs Charged For Improper Accounting Of Real Estate Assets During Financial Crisis

Date 27/10/2015

The Securities and Exchange Commission today charged The St. Joe Company, a Watersound, Florida-based real estate developer and landowner, its former top executives, and two former accounting department directors, with improperly accounting for the declining value of its residential real estate developments during the financial crisis. As a result of this misconduct, St. Joe reported materially overstated earnings and assets in 2009 and 2010.

EBA Consults On Guidelines On How Confidential Information Collected Under The BRRD Should Be Disclosed

Date 27/10/2015

The European Banking Authority (EBA) launched today a consultation on draft Guidelines on how confidential information collected under the Bank Recovery and Resolution Directive (BRRD) should be disclosed in summary or collective form without identifying individual institutions or relevant entities. The aim of the Guidelines is to promote symmetric information and convergence of supervisory and resolution practices regarding the disclosure of confidential information. The consultation runs until 27 January 2016.

Thomson Reuters To Present At The 2015 J.P. Morgan Ultimate Services Investor Conference

Date 27/10/2015

Susan Taylor Martin, president of the Legal business of Thomson Reuters (TSX/NYSE: TRI), will present at the J.P. Morgan Ultimate Services Investor Conference in New York on Tuesday, November 10, 2015 at 11:15 a.m. ET. The presentation may include forward looking information.

World Economic Forum’s Summit On The Global Agenda 2015: Meeting Global Challenges Means Revamping Governance Systems

Date 27/10/2015

• The world needs new governance systems to deal with complex global challenges at a time of profound and rapid technological change brought on by the Fourth Industrial Revolution
• To achieve the best results from any governance revamp, leaders need to determine the kind of world people want and design for that
• A discussion of values is crucial for any recasting of governance systems to succeed
• More information about the Summit on the Global Agenda 2015 is available here:http://wef.ch/gac15

China Makes Leaderboards Of 2015 Platts Top 250 Global Energy Company Rankings®

Date 27/10/2015

• First Time in Rankings’ 14 years: 3 Chinese Companies Make it to Top 10; 2 Make it to Top 5
• Both APAC and EMEA Slip in Number, Average Rank and Growth Rates    
• Ongoing Shale Plays Advance Americas’ in the Rankings
• Hindustan Petroleum Corporation Ltd. Chairman Nishi Vasudeva Named 2015 ‘Asia CEO of the Year’