News Centre

Thomson Reuters Named One Of Ethisphere’s 2015 “World’s Most Ethical Companies” - The Seventh Consecutive Year The Business Has Been Honored

Date 13/03/2015

For the seventh consecutive year, Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has been recognized by the Ethisphere Institute as one of the 2015 World’s Most Ethical Companies®.

Tokyo Financial Exchange: Extension Of Three-Month Euroyen Futures Discount Program

Date 13/03/2015

TFX has determined to extend Three-month Euroyen Futures Discount Program for a further six months from 1 April 2015 to 30 September 2015.

ASIC Facilitates Foreign Financial Service Providers Applying For Exemptions

Date 13/03/2015

ASIC is clarifying the documentation foreign financial services providers should provide to it when applying for class order exemptions to conduct business in Australia to facilitate an easier application process.

Dalian Commodity Exchange: Notice On Adjusting Trading Fee Standards For Several Futures Products

Date 13/03/2015

KVH Achieves PCI DSS v3.0 Compliance For KVH “PCI DSS Ready Cloud”

Date 13/03/2015

KVH Co., Ltd., Asia’s leading Information Delivery Platform headquartered in Tokyo, Japan, today announced that its “PCI DSS Ready Cloud” has been officially certified as compliant with PCI DSS v3.0. Payment Card Industry Data Security Standard (PCI DSS) is the standard that all major credit card companies adhere to for the purposes of protecting cardholder data and unifying industry protocols. PCI DSS v3.0 is the latest version ratified by the PCI Security Standards Council and is valid until the end of 2017. KVH received a certificate of compliance upon completion of a security audit conducted by ICMS.

IMF Managing Director Christine Lagarde To Visit India And China

Date 13/03/2015

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), will visit India on March 16-17 and China on March 19-23, to meet with policymakers and senior officials, as well as with representatives of other sectors of society including business, women leaders, academics and students.

New York State Department Of Financial Services Announces Commerzbank To Pay $1.45 Billion, Terminate Employees, Install Independent Monitor For Banking Law Violations - Bank Ignored Compliance Staff Warnings Of Potential “Fraud, Asset Stripping, Market Manipulation, And Derivative Tax Offences” - Compliance Personnel Altered Bank Transaction Monitoring System; Calibrated System Based On A Desire Not To Generate “Too Many Alerts” - Commerzbank Employee: Bank’s Lax Compliance “A Time Bomb Ready To Go Off”

Date 12/03/2015

Benjamin M. Lawsky, Superintendent of Financial Services, announced today that Commerzbank will pay a $1.45 billion penalty, terminate individual employees who engaged in misconduct, and install an independent monitor for Banking Law violations in connection with transactions on behalf of Iran, Sudan, and a Japanese corporation that engaged in accounting fraud. The overall $1.45 billion penalty includes $610 million to the Department of Financial Services (DFS); $300 million to the U.S. Attorney’s Office for the Southern District of New York; $200 million to the Federal Reserve; $172 million to the Manhattan District Attorney’s Office and $172 million to the U.S. Department of Justice.

Commerzbank AG Admits To Sanctions And Bank Secrecy Violations, Agrees To Forfeit $563 Million And Pay $79 Million Fine - Combined With Payments To Regulators, Commerzbank To Pay $1.45 Billion

Date 12/03/2015

Commerzbank AG, a global financial institution headquartered in Frankfurt, Germany, and its U.S. branch, Commerzbank AG New York Branch (Commerz New York), have agreed to forfeit $563 million, pay a $79 million fine and enter into a deferred prosecution agreement with the Justice Department for violations of the International Emergency Economic Powers Act (IEEPA) and the Bank Secrecy Act (BSA).  The bank has also entered into settlement agreements with the Treasury Department’s Office of Foreign Assets Control (OFAC) and the Board of Governors of the Federal Reserve System. 

ISDA Statement On Negative Interest Rates And The ISDA 2014 Collateral Agreement Negative Interest Protocol

Date 12/03/2015

The International Swaps and Derivatives Association, Inc. (ISDA) today published the following statement regarding negative interest rates and the ISDA 2014 Collateral Agreement Negative Interest Protocol:

Negative interest rates have become increasingly common in the current environment. The ISDA Board strongly supports the use of market rates, whether positive or negative, for over-the-counter derivatives transactions, reflecting best practice in broader financial markets.

CalPERS Commits $75 Million To Emerging Manager Program Firm Siris Partners - Private Equity Firm Gets First Direct Commitment From CalPERS

Date 12/03/2015

The California Public Employees' Retirement System (CalPERS) today announced that it has committed $75 million to private equity firm Siris Partners. This is the first direct commitment to Siris, who has previously received commitments from CalPERS through the System's emerging manager fund-of-funds.