News Centre

New York Department Of Financial Services Writes To Symphony Communication Services's Chief Executive, David Gurle, Requesting Information Regarding Communications Tools Marketed By Symphony Communication Services

Date 23/07/2015

The New York Department of Financial Services has written to Symphony Communication Services's chief executive, David Gurle, requesting information regarding the communications tools marketed by Symphony Communication Services LLC, including those related to document retention policies, and features. Specific areas of interest for the NYDFS include but are not limited to the data deletion, end-to-end-encryption and open source features of Symphony's products. 

NYSE And Nasdaq To Increase Resilience Of Closing Auction Process For U.S. Equities

Date 23/07/2015

The New York Stock Exchange (NYSE) and Nasdaq (Nasdaq: NDAQ), today announced a framework that will create a more resilient market by providing an additional layer of redundancy for the closing auction of U.S. equities. The exchanges will file the proposals with the Securities and Exchange Commission (SEC).

Comment Letter On The Department Of Labor Proposed Rule On Conflicts Of Interest And Fiduciary Duty, SEC Commissioner Daniel M. Gallagher, July 22, 2015

Date 22/07/2015

Yesterday, I filed a comment letter in connection with the Department of Labor’s proposed rule to impose a fiduciary duty standard on broker-dealers, available here http://www.sec.gov/news/speech/2015/gallagher-dol-comment-ttr-7-21-15.pdf.  I hope and expect that the Department of Labor will take my views into consideration as it wrestles with this ill-advised rulemaking.

CFTC Swaps Report Update

Date 22/07/2015

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

Office Of Financial Research Update - Incorporating Liquidity Shocks And Feedbacks In Bank Stress Tests

Date 22/07/2015

The OFR released today a brief, "Incorporating Liquidity Shocks and Feedbacks in Bank Stress Tests." This brief discusses how stress tests could incorporate four types of shocks — credit, funding, liquidity, and collateral values — and shows that shocks can affect regulatory ratios for capital and liquidity simultaneously. Additionally, in times of stress, a bank’s responses to a binding regulatory ratio can spread shocks to other banks.

CalPERS Highlights Outcome Of Proxy Voting Initiatives - Fund Outlines Goals And Accomplishments In New Insight Video

Date 22/07/2015

The California Public Employees' Retirement System (CalPERS) made significant progress during the 2015 proxy season, where it voted to improve the rights of shareholders to nominate corporate directors - commonly referred to as proxy access - as well as the Environmental, Social, and Governance (ESG) policies of companies in which the fund invests.

FTSE Russell Introduces First 50% Currency Hedged Index Series

Date 22/07/2015

• Underpins investor demand for more diverse currency index measures
• Initially available on FTSE Developed ex-North America, Europe and Japan Indexes
• IndexIQ to use as basis for the first suite of 50% currency-neutral hedged ETFs

Thomson Reuters Recognized For Leading Financial Markets Data Coverage - Thomson Reuters Ranked Top In Two Categories In 2015 Waters Rankings

Date 22/07/2015

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has again been recognized in this year’s Waters Rankings for the depth and quality of the data it provides to financial markets professionals worldwide. Waters Rankings are a widely respected industry awards program based on a polling of qualified readers of Waters Technology, a leading financial technology publication.

CFTC: Federal Court Orders Florida Attorney Jay Bruce Grossman To Pay A Civil Penalty And Restitution Totaling $883,000 - Grossman Agrees Not To Appear Or Practice As An Attorney Before The CFTC

Date 22/07/2015

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Beth Bloom of the U.S. District Court for the Southern District of Florida entered a Consent Order against Defendant Jay Bruce Grossman, who practices law in Fort Lauderdale, Florida.

EBA Publishes RWA Assessment As The Next Step In Improving Consistency Of Internal Model Outcomes

Date 22/07/2015