News Centre

Abolition Of Approved Persons Register - “…Runs Against Grain Of Making Banks Transparent” Says CISI

Date 06/11/2014

The Chartered Institute for Securities & Investment (CISI) welcomes proposals by the FCA to strengthen accountability in the banking sector, as detailed in the paper CP14/13: Strengthening Accountability in Banking: A new regulatory framework for individuals.  The proposals require individuals in key positions in their firms to take greater personal responsibility and accountability for decisions which may impact their firm, and that those decisions will be in the public interest. 

FSB Announces Update Of List Of Global Systemically Important Insurers (G-SIIs)

Date 06/11/2014

1. In November 2011 the Financial Stability Board published an integrated set of policy measures to address the systemic and moral hazard risks associated with systemically important financial institutions (SIFIs). In July 2013, the FSB, in consultation with the International Association of Insurance Supervisors (IAIS) and national authorities, identified an initial list of nine global systemically important insurers (G-SIIs), using an assessment methodology developed by the IAIS, and the policy measures that apply to them.

TMX Group Equity Financing Statistics - October 2014

Date 06/11/2014

TMX Group today announced its financing activity on Toronto Stock Exchange and TSX Venture Exchange for October 2014.

FSB Announces Update Of Group Of Global Systemically Important Banks (G-SIBs)

Date 06/11/2014

1. In November 2011 the Financial Stability Board published an integrated set of policy measures to address the systemic and moral hazard risks associated with systemically important financial institutions (SIFIs). In that publication, the FSB identified as global SIFIs (G-SIFIs) an initial group of global systemically important banks (G-SIBs), using a methodology developed by the Basel Committee on Banking Supervision (BCBS). 

SEC Charges Allen Park, Mich. And Two Former City Leaders in Fraudulent Muni Bond Offering For Movie Studio Project

Date 06/11/2014

The Securities and Exchange Commission today announced fraud charges against the City of Allen Park, Mich., and two former city leaders in connection with a municipal bond offering to support a movie studio project within the city.

CFTC Staff Issues Time-Limited No-Action Relief To Allow Southwest Airlines And Its Counterparties Additional Time For Public Reporting Of Long-Dated Brent And WTI Crude Oil Swap And Swaption Contracts Executed By Or With Southwest Airlines

Date 06/11/2014

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) issued time-limited, no-action relief to Southwest Airlines and its counterparties to allow additional time to comply with the reporting obligation in §43.3(a), in the context of transactions in long-dated Brent and WTI crude oil swaps and swaptions.

BOX Options Exchange Price Improvement Activity For October

Date 06/11/2014

In the month of October, price improved contracts on BOX Options Exchange (“BOX”) averaged 295,066 per day, which represented a 84% increase over the same period last year. Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction, PIP, averaged $433,947 per day, while total savings to investors this month was $10.0M. With this, BOX has saved investors over $555M since its inception in 2004.  Overall average daily trading volume on BOX in the month of October was 427,311 contracts, which represented a 20% increase over the same period last year.

ISE Holdings Reports Business Activity For October 2014

Date 06/11/2014

• ISE Gemini reported record monthly ADV (1,007,614 contracts) and market share (5.3%).
• ISE Gemini surpassed one million contracts in 12 of the 23 trading days in October.
• ISE and ISE Gemini combined represent 17.4% of equity options market share, excluding dividend trades.
• ISE and ISE Gemini reported a combined ADV of 3.3 million contracts.
• Dividend trades made up 0.3% of industry volume in October 2014.

ESAs Joint Letter To The Economic And Financial Affairs Council (ECOFiN) On The ESAs’ Budget 201

Date 06/11/2014

The European Supervisory Authorities - European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), European Securities and Markets Authority (ESMA) - have written to the President of the Economic and Financial Affairs Council (ECOFIN) on their concerns regarding the budget negotiations for the 2015 EU budget and the budgetary constraints of the ESAs.

TSX Markets: Top 20 Largest Consolidated Short Position Report - October 31, 2014

Date 06/11/2014

Please find below the Top 20 Largest Consolidated Short Position Report Highlights. The report is produced twice monthly, effective the 15th and the end of each month. The report below covers the 2-week period ending October 31, 2014.