News Centre

Agencies Propose Technical Corrections And Clarifications To The Capital Rules Applicable To Advanced Approaches Banking Organizations

Date 18/11/2014

The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today proposed clarifications to the revised regulatory capital rules adopted by the agencies in July 2013.

NYDFS Announces Bank Of Tokyo Mitsubishi UFJ To Pay Additional $315 Million Penalty For Misleading Regulators, Individual Bank Employees Will Resign And Accept Bans - BTMU Pressured Its Consultant, PwC, To Remove Key Warnings To Regulators On Bank’s Transactions With Sanctioned Countries, Including Iran, Sudan, Myanmar - PwC Previously Received 24-Month Consulting Ban, Paid $25 Million For Misconduct in This Case Under August 2014 DFS Order

Date 18/11/2014

Benjamin M. Lawsky, Superintendent of Financial Services, today announced an enforcement action – including an additional $315 million monetary penalty, and disciplinary action for individual Bank employees – against Bank of Tokyo Mitsubishi UFJ (BTMU) for misleading regulators regarding its transactions with Iran, Sudan, Myanmar, and other sanctioned entities. A year-long New York State Department of Financial Services (DFS) investigation uncovered that BTMU employees pressured the Bank's consultant, PricewaterhouseCoopers (PwC), into removing key warnings to regulators in a supposedly "objective" report that the Bank submitted to DFS. That report related to the extent of BTMU’s illicit conduct on behalf of those sanctioned countries and entities.

FINRA Announces New Public Board Members

Date 18/11/2014

The Financial Industry Regulatory Authority (FINRA) has named two new Public Governors—Joshua S. Levine and Robert W. Scully—to its Board of Governors.

ISE Signs Memorandum Of Understanding With Shanghai Stock Exchange

Date 18/11/2014

The Irish Stock Exchange (ISE) and the Shanghai Stock Exchange (SSE) have signed a Memorandum of Understanding (MOU) with the aim of developing a mutually beneficial relationship between the exchanges.

Agencies Propose Technical Corrections And Clarifications To The Capital Rules Applicable To Advanced Approaches Banking Organizations

Date 18/11/2014

The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today proposed clarifications to the revised regulatory capital rules adopted by the agencies in July 2013.

HKEx: Market Highlights Of Shanghai-Hong Kong Stock Connect

Date 18/11/2014

Hong Kong Exchanges and Clearing Limited today (Tuesday) issued the following market statistics in response to media enquiries:

* 4.3 per cent of Northbound turnover was from Sell Trades.

** 11.9 per cent of Southbound turnover was from Sell Trades.

SEC Staff Releases Accounting Bulletin to Update Guidance on Pushdown Accounting

Date 18/11/2014

The Securities and Exchange Commission’s Office of the Chief Accountant and Division of Corporation Finance today released a Staff Accounting Bulletin (SAB) to rescind portions of the interpretive guidance included in its SAB Series for what’s known as pushdown accounting. 

OCC Announces Kimberly McGarry As New Chief Financial Officer

Date 18/11/2014

OCC announced today that Kimberly McGarry has joined OCC as Senior Vice President and Chief Financial Officer. 

Remarks Of CFTC Chairman Timothy G. Massad At The CME Global Financial Leadership Conference

Date 18/11/2014

Thank you for inviting me today, and I thank Terry Duffy for that kind introduction. CME has been a leader in the derivatives markets for many years, and Terry Duffy has been a big part of that. I also appreciate CME’s support and involvement in our implementation of regulatory reforms, and I look forward to continuing to work together in the months ahead.

Direct Edge Trading Notice #14-52: BATS/Direct Edge Integration Update Conference Call On November 25, 2014

Date 18/11/2014

On Tuesday, November 25, 2014, at 10 a.m. ET, BATS Global Markets will hold a conference call to update customers on the implementation progress and schedule for integrating the Direct Edge exchanges to BATS technology.  During the call, we will provide updates related to BATS/Direct Edge data center moves and latency equalization, the integration timeline, certification requirements, testing opportunities, feature release progress and other information of interest.