News Centre

Treasury Department Reaches Largest Ever Sanctions-Related Settlement With BNP Paribas SA For $963 Million - Treasury Settlement Part Of Interagency Investigation Into Apparent Violations Of Sanctions Programs

Date 30/06/2014

As part of a combined $8.9 billion settlement with federal and state government agencies, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $963 million agreement with BNP Paribas SA (BNPP) to settle its potential liability for apparent violations of U.S. sanctions regulations. Today’s settlement resolves OFAC’s investigation into BNPP’s systemic practice of concealing, removing, omitting, or obscuring references to information about U.S.-sanctioned parties in 3,897 financial and trade transactions routed to or through banks in the United States between 2005 and 2012 in apparent violation of the Sudanese Sanctions Regulations, 31 C.F.R. part 538; the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560; the Cuban Assets Control Regulations, 31 C.F.R. part 515; and the Burmese Sanctions Regulations, 31 C.F.R. part 537.

BNP Pleads Guilty In U.S. Sanctions Case - To Pay $8.8 Billion

Date 30/06/2014

BNP Paribas has pleaded guilty to criminal charges and agreed to forfeit USD8.83 billion as part of an investigation into allegations the French bank violated U.S. sanctions laws.

S&P Dow Jones Indices Market Attributes: Europe Index Dashboard

Date 30/06/2014

Download this month’s Europe Index Dashboard.

UK's Financial Conduct Authority: EMIR Reporting Advice For Clearing Member Firms

Date 30/06/2014

We have contacted a number of our Authorised firms identified as a clearing member and client of a Central Counterparty (CCP) to advise them that authorised or recognised CCPs under European Market Infrastructure Regulation (EMIR) are required to calculate hypothetical capital information. This information must be supplied by CCPs to their clearing members as well as to thecompetent authority of the clearing member.

Thomson Reuters And ICAP Renew Exclusive, Multiyear Deal And Expand The 19901 Service For Swap Rates

Date 30/06/2014

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, and ICAP Information Services (IIS), the information business of ICAP plc, today announce the renewal of a distribution agreement which adds new electronic data sources to the 19901 service – anestablished reference source for USD interest rate swaps and US Treasuries.

CME Group Chairman Emeritus Leo Melamed Helps Honor the Humanitarian Acts Of Chiune Sugihara In Japan

Date 30/06/2014

CME Group, the world's leading and most diverse derivatives marketplace, today released the following statement:

"CME Group is pleased to announce that Chairman Emeritus Leo Melamed is traveling to Japan the week of June 30, to participate in various activities organized to honor the humanitarian acts of Chiune Sugihara.  Sugihara, the late Japanese diplomat who served as Vice-Consul for Japan in Lithuania from 1939 to 1941, is credited for facilitating the escape of thousands of Jewish refugees by issuing them transit visas so they could find refuge in Japan during World War II.  One of those refugees was Mr. Melamed, who as a young boy captured in Poland by the Nazis, escaped the Holocaust with his parents through Siberia to Tsuruga, Japan.  He will return there for the first time to participate in the celebration honoring Sugihara.  While in Japan, Mr. Melamed will be meeting with the Prime Minister of Japan Mr. Shinzo Abe and U.S. Ambassador to Japan Ms. Caroline Kennedy.  Sara Bloomfield, Director of the U.S. Holocaust Memorial Museum in Washington D.C. will join Mr. Melamed in the ceremonies to mark this historic event and represent the 6,000 refugees saved by Sugihara."

SEC Announces New Hires In The Office Of Administrative Law Judges

Date 30/06/2014

The Securities and Exchange Commission today announced that two new judges and three new attorneys will join the Office of Administrative Law Judges this summer.

Electrica IPO, The Biggest IPO In The History Of Bucharest Stock Exchange

Date 30/06/2014

Electrica sold 177,188,744 shares and GRDs (approx. 51% of the total shares after capital increase) in the IPO that took place between June 16 and June 25, for approximately EUR 444 million. The shares will be traded at Bucharest Stock Exchange.

NASDAQ Tops U.S. Exchanges For IPOs In Second Quarter Of 2014 - 79 New Listings In Second Quarter, Including 55 IPOs - Strongest First Half Of The Year For New Listings At NASDAQ Since 2000 With 99 IPOs In 2014 - Leads U.S. Exchanges In Technology And Venture Capital-Backed IPOs Completed In The Quarter

Date 30/06/2014

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that it welcomed 79 new listings in the second quarter of 2014, including 55 initial public offerings (IPOs), on The NASDAQ Stock Market (NASDAQ), to bring its total IPO count to 99 for the first half of 2014. This represents more IPOs than any other U.S. exchange and a 57 percent increase in listings compared to the same quarter last year – marking the strongest first half of the year for NASDAQ listings since 2000. The combined proceeds raised by NASDAQ's IPOs in the second quarter totaled approximately $8.8 billion to bring its year-to-date proceeds raised to approximately $13.5 billion.

Single Guarantee Fund For WSE ATS And BondSpot ATS

Date 30/06/2014

• BondSpot, WSE and KDPW_CCP have established a single guarantee fund securing the clearing of transactions concluded in the alternative trading system (ATS)
• The combination of the funds will enable KDPW_CCP Participants to reduce debits in respect of contributions to two separate ATS guarantee funds and administrative costs related to on-going registration of payments