News Centre

CFTC To Hold First SmartCheck Week: April 6-12 - Agency’s Easy-To-Use Online Tools Are Aimed At Helping Consumers Protect Themselves From Financial Fraud

Date 31/03/2015

As part of Financial Literacy Month, the U.S. Commodity Futures Trading Commission (CFTC) announced today the first-ever SmartCheckSM Week. During the week of April 6-12, 2015, CFTC staff will highlight efforts to encourage investors to check the background of financial professionals before investing their money. Through advertising, social media, and targeted outreach, the CFTC will urge investors to visit SmartCheck.gov during SmartCheckSM Week and to make this part of a routine step when considering a new financial professional and with established advisors.

Canadian Securities Administrators Appoint New Chair And Vice-Chair

Date 31/03/2015

At the latest meeting of the Canadian Securities Administrators (CSA), held in Toronto on March 26 and 27, 2015, Louis Morisset, President and Chief Executive Officer, Autorité des marchés financiers, was appointed Chair of the CSA for a two-year term, ending March 31, 2017.

Remarks Of US Treasury Secretary Jacob J. Lew At The Asia Society Northern California On The International Economic Architecture And The Importance Of Aiming High

Date 31/03/2015

Let me begin by thanking George Shultz for the kind introduction, and I want to thank Jack and the members of the Asia Society for having me here today.  I have had the honor to follow George at three of the finest agencies of the federal government, OMB, the State Department and now Treasury. 

BGC Partners Updates Its Outlook For The First Quarter Of 2015 - GFI Provides Preliminary March, 2015 Results - GFI's Results Will Be Consolidated With Those Of BGC - BGC's 8.75% Convertible Senior Notes To Be Converted Into Units And/Or Common Shares

Date 31/03/2015

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or the "Company"), a leading global brokerage company servicing the financial and real estate markets, today announced that it has updated its consolidated outlook for the quarter ending March 31, 2015. In addition, BGC's majority-owned division, GFI Group Inc. (NYSE: GFIG) ("GFI Group" or "GFI"), a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets, provided its outlook for March, 2015.

ISDA Announces Annual Determinations Committees Outcome

Date 31/03/2015

The International Swaps and Derivatives Association, Inc. (ISDA) today announced the outcome of the annual process to determine members of ISDA's five regional Determinations Committees (DCs), which together comprise the global decision-making structure around events in the credit default swap (CDS) industry.

US Agencies Permit Wells Fargo To Begin Using Advanced Approaches Framework To Determine Risk-Based Capital Requirements

Date 31/03/2015

The Federal Reserve Board and the Office of the Comptroller of the Currency today announced that they have permitted Wells Fargo and its subsidiary national banks to begin using the "advanced approaches" capital framework starting in the second quarter of 2015.  

CFTC Staff Issues No-Action Relief For Swap Dealers From Compliance With Certain Commission Regulations Applicable To Swaps With Legacy Special Purpose Vehicles

Date 31/03/2015

The U.S. Commodity Futures Trading Commission’s (Commission) Division of Swap Dealer and Intermediary Oversight today announced that it is providing no-action relief, subject to specified conditions, to provisionally registered swap dealers from compliance with certain Commission regulations.

European Parliament: Economic Affairs MEPs Target Conflicts Of Interest In Benchmark Setting

Date 31/03/2015

A draft EU law to make the benchmarks used to price EU citizens’ mortgages, loans and bonds more trustworthy was backed by the Economic and Monetary Affairs Committee on Tuesday. The text (lead MEP Cora van Nieuwenhuizen, ALDE, NL) aims to clean up the benchmark-setting process, by curbing conflicts of interest like those that led to the London Interbank Offered Rate (LIBOR) rigging scandals of recent years.

CFTC Charges Maverick International, Inc. And Its Principals Wesley Allen Brown And Edward Rubin With Pool Fraud And Other Violations

Date 31/03/2015

The U.S. Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action in the U.S. District Court for the Middle District of Florida, charging Defendants Maverick International, Inc. and its principals, Wesley Allen Brownand Edward Rubin, with operating a fraudulent commodity pool and other violations of federal commodity laws. Maverick International, Inc. purportedly maintains offices in Wilmington, Delaware; however, its address is actually the address of a mail forwarding service. Brown currently resides in North Myrtle Beach, South Carolina, and Rubin resides in Winnabow, North Carolina.

Qatar Stock Exchange: QE Index, QE Al Rayan Islamic Index And QE All Share Constituents 1st April 2015

Date 31/03/2015

QE Index

Aamal replaces Medicare in QE Index, with a weight of 2.76% of the Index.  As per index rules, QNB, whose weight exceeds 15% in the index as of market close March 31st has its weight capped at the 15% level and excess weight allocated to remaining stocks proportionately.