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Statement At Open Meeting on Rule 15b9-1, SEC Commissioner Michael S. Piwowar, March 25, 2015

Date 25/03/2015

Thank you, Chair White.

As with any rulemaking, this one raises a serious threshold question:  why it is necessary and appropriate.  I am not convinced that today’s proposal clears that hurdle.  But, despite my reservations, I will be voting in favor of the Staff’s recommendation.  I believe there is value in seeking public input about the current nature and state of regulatory oversight of certain market participants and the potential for enhancements to our regulatory structure.  I hope that interested parties will provide robust comment on the proposal to help inform our decision on whether to proceed with adopting these rule amendments.  Of course, all comments are welcome; each and every one of the questions we pose should generate responses and data that will be of great benefit to us.  But I want to identify three issues on which I expect feedback will be particularly helpful. 

Bank Of England Publishes Independent Review Of RTGS Outage

Date 25/03/2015

​The Bank of England today published the results of an independent review by Deloitte of the disruption to the Real Time Gross Settlement (RTGS) system on 20 October 2014.  The Bank also published its response, in which it accepted all of the review’s recommendations and set out how it intends to implement each of them.

TABB Research IDs 10 Critical Criteria In Selecting CAT Processor - Three-Part Series Concludes, Analyzing Consolidated Audit Trail Program’s Ongoing Process of Selecting All-Important Processor

Date 25/03/2015

The Consolidated Audit Trail (CAT) initiative is one of the largest, most ambitious and potentially most problematic projects the capital markets industry has undertaken. According to TABB Group in the last of its three-part series analyzing the current state of the CAT effort and the ongoing  effort of selecting the CAT processor, they delved deep into the project’s details and identified 10 critical criteria for the self-regulatory organizations (SROs) to apply in selecting the CAT processor drawn from six final proposals.

Olivetree Group Announces Demerger Of Technology Business - OTAS Technologies To Operate As Independent Entity

Date 25/03/2015

Olivetree Group, a global financial services firm, has today announced plans to demerge OTAS Technologies, its financial technology subsidiary, following approval from the Financial Conduct Authority (FCA) and the firm’s Board of Directors.

Lord Mogg Reappointed As Chairman Of ACER Board Of Regulators

Date 25/03/2015

ACER’s Board of Regulators (BoR), who met today in Ljubljana for the 46th time, have reappointed Lord Mogg (OFGEM) as their Chairman for a new term of office of two and a half years starting in May 2015.

Statement At Open Meeting On Rule 15b9-1 and Reg A+, SEC Chair Mary Jo White, March 25, 2015

Date 25/03/2015

Good morning.  This is an open meeting of the U.S. Securities and Exchange Commission on March 25, 2015 under the Government in Sunshine Act.  The Commission today will consider two recommendations, one from the Division of Trading and Markets and the other from the Division of Corporation Finance – a proposed amendment to Rule 15b9-1 of the Exchange Act and the adoption of Regulation A+ under the JOBS Act.

Vienna Stock Exchange: Athos Immobilien AG Switches To Mid Market

Date 25/03/2015

• Athos Immobilien AG joins mid market
• Mid market exchange segment offers medium-sized companies greater flexibility

TMX Group And Industrial And Commercial Bank Of China (Canada) Sign Memorandum Of Understanding - TMX Group Marks Occasion With A Market Open Ceremony In Toronto

Date 25/03/2015

Industrial and Commercial Bank of China (Canada) (ICBK), a Canadian Subsidiary of Industrial and Commercial Bank of China Limited (ICBC) and TMX Group today announced the signing of a Memorandum of Understanding (MoU) to enhance their understanding of each other's businesses and explore the possibilities of cooperation. Mingxuan Zhu, President and Chief Executive Officer of ICBK and Brenda Hoffman, Chief Information Officer, Group Head of Technology, TMX Group participated in the signing ceremony.

Remarks Of CFTC Commissioner Sharon Y. Bowen Before The 17th Annual OpRisk North America

Date 25/03/2015

Thank you for that wonderful introduction. I’m honored to speak today to a group that is grounded in an issue that is very near to my heart: operational risk. When I was a corporate lawyer here in New York, I was immersed in operational risk issues every time I worked on an M&A deal. For every deal, the parties and their counsels had to consider many different scenarios. From the possibility that the parties’ data systems might not easily interface, that the two companies had incompatible systems to administer retirement and benefit plans, or that operations outside of the U.S. had different regulatory oversight and restrictions – everything had to be thoroughly vetted prior to finalizing the deal.

London Stock Exchange: First Chinese Money Market ETF Lists In London

Date 25/03/2015

• First London listed RMB denominated money market ETF to be traded and settled in RMB, GBP and EUR
• Commerzbank CCBI RQFII Money Market UCITS ETF gives European investors access to China Interbank Bond Market securities
• Confirms London’s leading role in continuing RMB internationalisation
• Economic Secretary to the Treasury, Andrea Leadsom MP joins Market Open Ceremony at London Stock Exchange