News Centre

Federal Reserve Issues Corrected Results For The 2014 Dodd-Frank Act Stress Test

Date 21/03/2014

The Federal Reserve on Friday issued corrected results for the 2014 Dodd-Frank Act stress test.  For 26 of the 30 firms, the correction led to either no change or at most a 0.1 percentage point change in the firms' minimum, post-stress tier 1 common capital ratios in the severely adverse scenario.  The change led to a 0.3 percentage point increase at two firms, a 0.2 percentage point decrease at one firm, and a 0.5 percentage point decline at another.  

CFTC Commitments Of Traders Reports Update

Date 21/03/2014

The current reports for the week of March 18, 2014 are now available.

Nigerian Stock Exchange Weekly Report For The Week Ended 21 March 2014

Date 21/03/2014

A turnover of 1.391 billion shares worth N19.414 billion in 22,527 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 1.989 billion shares valued at N15.098 billion that exchanged hands last week in 21,948 deals.

European Banking Authority Consults On A Revised XBRL Taxonomy For Supervisory Reporting

Date 21/03/2014

The European Banking Authority (EBA) launched today a consultation on a revised version of its XBRL Taxonomy for supervisory reporting, which incorporates additional reporting requirements for asset encumbrance, non-performing exposures and forbearance. This consultation aims at ensuring that the data national competent authorities collect from credit institutions and investment firms is transmitted to the EBA in a uniform and consistent manner. The consultation runs until 14 April 2014. 

“Impact Of The Dodd-Frank Act On Commodity Futures And Swaps Markets” - Keynote Address By CFTC Commissioner Scott D. O’Malia, 2014 Bank Of Canada International Economic Analysis Workshop On Financialization Of Commodity Markets

Date 21/03/2014

I want to thank Bahattin for inviting me to speak at this workshop. The topic of today’s workshop is “Financialization of Commodity Markets.” As we all know, commodity prices have experienced an unprecedented rise from the early 2000s. During this time, investors poured large amounts of investment capital into the commodity markets. As such, there has been much written about whether the increased presence of financial investors in the commodity markets led to higher commodity prices and volatility, the so-called “financialization of commodities” debate. Many of today’s distinguished panelists have and will offer their insights on speculative activity in the commodity markets and its relationship to the financialization of these markets.

SIFMA Comments On FINRA CARDS Concept

Date 21/03/2014

SIFMA today submitted comments to the Financial Industry Regulatory Authority (FINRA) regarding FINRA’s concept proposal to develop a Comprehensive Automated Risk Data System (CARDS). While SIFMA supports FINRA’s goal of utilizing technology to make it a more efficient and effective regulator, SIFMA cannot support the CARDS concept.  More information as well as further analysis on how the system would be structured and utilized, and a better understanding of what existing FINRA-mandated systems would be replaced is necessary before proceeding any further. 

Protecting The Retail Investor, SEC Chair Mary Jo White, Consumer Federation Of America, 2014 Consumer Assembly, March 21, 2014

Date 21/03/2014

I. Introduction 

Good morning.  Thank you, Barbara, for that very kind introduction.  It is my honor to speak before your Consumer Assembly.

For over 45 years, the Consumer Federation of America (“CFA”) has played a critical role in advancing the interests of consumers through your research, advocacy and education efforts.  At the Securities and Exchange Commission, we have a three-part mission -- to protect investors, to ensure fair and efficient markets and to facilitate capital formation.  Each part of our mission circles back to the first – to protect investors – because if our markets are not fair and safe, they will not attract investors to provide the capital companies are seeking.

Shenzhen Stock Exchange Holds A Discussing-Meeting With Securities Companies

Date 21/03/2014

A discussing-meeting was held today by Shenzhen Stock Exchange in hands with the Securities Brokerage Commission to seek advice and hear from the industry regarding the issue that some securities companies opened so-called “VIP” trading channels for its clients. 

ESMA Consults On Major Shareholders Disclosures

Date 21/03/2014

The European Securities and Markets Authority (ESMA) has launched a consultation on draft Regulatory Technical Standards (RTS) under the revised Transparency Directive relating to the notification of major shareholdings and the indicative list of financial instruments subject to notification requirements. The consultation runs until 30 May 2014.

MtGox: Announcement Regarding The Balance Of Bitcoin Held By The Company

Date 21/03/2014

We inform you as follows with regard to the balance of bitcoins (BTC) held by MtGox Co., Ltd.

1. MtGox Co., Ltd. had certain old­ format wallets which were used in the past and which, MtGox thought, no longer held any bitcoins. Following the application for commencement of a civil rehabilitation proceeding, these wallets were rescanned and their balance researched. On March 7, 2014, MtGox Co., Ltd. confirmed that an old­ format wallet which was used prior to June 2011 held a balance of approximately 200,000 BTC (199,999.99 BTC). MtGox Co., Ltd. investigated the presence of these 200,000 BTC, immediately reported it to its counsels in the application for commencement of a civil rehabilitation proceedings ("counsels"). A hearing took place on March 8 where a detailed explanation of the situation was made to counsels. Immediately on Monday (March 10), counsels reported the existence of the 200,000 BTC to the Court and the Supervisor.