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Invitation Letter By President Donald Tusk To The Members Of The European Council

Date 24/06/2015

It is my pleasure to invite you to the next European Council meeting on 25-26 June 2015.

Our meeting will start as usual by an exchange of views with the President of the European Parliament. At this occasion, and also in the presence of the Presidents of the European Central Bank and of the Euro Group, the President of the Commission will present the report on better economic governance in the euro area.

Keynote Speech Of CFTC Commissioner Sharon Y. Bowen Before The Quadrilateral Meeting At The European Central Bank (Frankfurt, Germany)

Date 24/06/2015

Thank you for the introduction and good evening everyone. It’s a pleasure to be here in Frankfurt to speak to market participants, regulators and observers on this side of the Atlantic. We all share one global market in finance these days, and that market cuts across a broad landscape of different commercial, regulatory, and political systems.

Office Of Financial Research Update: Assessment Of Threats To Financial Stability

Date 24/06/2015

The OFR released today an update to its assessment of threats to financial stability, concluding that overall risks to financial stability remain moderate. This assessment was informed by updates to the OFR's Financial Stability Monitor and the monitor’s underlying data. The monitor is a tool the OFR developed to display a high-level summary of five areas of risk. By looking at vulnerabilities across the financial system, the monitor can help identify potential threats in the financial system wherever they arise.

Platts: Continental Power Plummeted In May As German Renewables Dominated - Natural Gas Prices Weakened But Dutch Quota Offered Support

Date 24/06/2015

German day-ahead electricity prices averaged €25.30 per megawatt hour (MWh) in May, their lowest monthly average in 12 years as wind, solar and hydro combined to crash the prompt market, according to data released by Platts, a leading global provider of energy, petrochemicals, metals and agriculture information.

EBA Issues Amended Technical Standards On Reporting Of Liquidity Coverage Ratio

Date 24/06/2015

The European Banking Authority (EBA) published today its updated Implementing Technical Standards (ITS) on supervisory reporting of liquidity coverage ratio (LCR) for EU credit institutions. The ITS include templates and instructions to update the LCR reporting framework following the Commission's adoption of the Delegated Act on the liquidity coverage requirement on 10 October 2014. As part of the EU Single Rulebook in the banking sector, these standards aim at harmonising reporting of the LCR across the EU by providing credit institutions with uniform templates and instructions.

CFTC Charges Illinois Resident Nick A. Wurl And His Company Ludiera Capital LLC With Fraud And Misappropriation In $9 Million Scheme - Defendants Allegedly Defrauded At Least 46 Participants In An Investment Pool - Wurl Was Charged With Wire Fraud In A Related Criminal Action

Date 24/06/2015

The U.S. Commodity Futures Trading Commission (CFTC) filed a federal enforcement action in the U.S. District Court for the Northern District of Illinois against Defendants Nick A. Wurl and his company Ludiera Capital LLC, both of Chicago, Illinois, charging them with fraud, misappropriation, and the issuance of false statements in connection with an investment pool they operated that traded commodity futures contracts and options on futures contracts. According to the CFTC Complaint, “In reality, the pool was little more than a shell company used to defraud pool participants and enrich Defendants at their expense.”

Nasdaq Migrates Disaster Recovery To Equinix's Chicago Data Center - Utilizes Best-In-Class Technology To Offer A Cost-Effective And Secure Facility

Date 24/06/2015

Nasdaq (Nasdaq:NDAQ) and Global Access Services, the exchange group's market solutions provider for the financial services community, and Equinix, the global interconnection and data center company, today announced that Nasdaq is moving its Disaster Recovery (DR) site for the US equities and options markets in a phased approach from Ashburn, Virginia to Chicago, Illinois beginning in August 2015. The new DR will be located in the Nasdaq Point of Presence (Nasdaq POP) within the Equinix Chicago data center (CH4) located in 350 E. Cermak on the 8th floor. The recently launched Nasdaq POP in Chicago, along with the Nasdaq POP in Equinix's Secaucus, New Jersey campus, allows customers to connect directly to any of the Nasdaq market systems from remote financial data centers.

Federal Reserve Vice Chairman Stanley Fischer At The Riksbank Macroprudential Conference, Stockholm, Sweden June 24, 2015, Supervisory Stress Testing Of Large Systemic Financial Institutions

Date 24/06/2015

It's a pleasure to take part in the Riksbank Macroprudential Conference and I thank the organizers for inviting me to participate in the conference, and particularly in this panel on stress testing.

Findings And recommendations Of The SGX Board Committee Of Inquiry Into The breakdown On 5 November 2014

Date 24/06/2015

The Board of the Singapore Exchange (SGX) regrets the market disruption and inconvenience caused by the breakdown on 5 November 2014 and has accepted the Board Committee of Inquiry’s (BCOI) recommendations. The power outage, which was triggered by a voltage sag in both power lines to the SGX Primary Data Centre, was caused by a combination of a faulty component in the emergency backup power supply generator and the inability of downstream switches to cope with this malfunction. The BCOI notes that the key cause of the power outage has been addressed, and that the power design has been independently verified by experts to be robust. SGX has also committed to make further improvements beyond the root cause to enhance overall resiliency and incident management. These include enhancing processes and resources to improve business continuity, incident management and the timeliness and effectiveness of crisis communications.

EEX New Participants Dutch And Belgian Financial Power Futures

Date 24/06/2015

The following participants have been admitted to exchange trading for Dutch and Belgian Financial Power Futures: