News Centre

New Zealand's Financial Markets Authority: Disclosure Documents Need To Improve

Date 30/10/2013

A report by the Financial Markets Authority (FMA) into prospectuses and investment statements (disclosure documents) highlights the need for issuers to lift their game.

ASIC: ABN AMRO Clearing Sydney Pty Ltd Pays $130,000 Infringement Notice Penalty

Date 30/10/2013

ABN AMRO Clearing Sydney Pty Ltd ("ABN AMRO") has paid a penalty of $130,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel ("MDP").

Tokyo Commodity Exchang: Changes To The Hallmarks On Deliverable Grades

Date 30/10/2013

The hallmark on the below Deliverable Grade of Precious Metals has been modified :

Commodity: Gold ,Platinum, Palladium

Producer: Valcambi S.A.

Brand name: Valcambi S.A.

Dalian Commodity Exchange Official Details Quality Standards Of Egg Futures Contracts - Standards Designing Closely Connected With Spots, Sufficient Supply For Delivery

Date 30/10/2013

Recently, an official of the agricultural products business division of Dalian Commodity Exchange (DCE) said in an interview that in accordance with the actual situation of the spot market, on the basis of the relevant existing industry standards and under the principle of serving the “San Nong (agriculture, farmers and rural areas) and ensuring the food safety, DCE has designed the delivery quality standards for the egg futures after in-depth research and thorough demonstration. It is learnt that the estimates showed sufficient eggs meeting the delivery quality standards in China.

ISDA And SIFMA Statement On The CFTC’s Voluntary Dismissal Of Its Appeal Of The 2011 Position Limits Rule

Date 30/10/2013

The following statement was issued today from Robert Pickel, CEO of the International Swaps and Derivatives Association, and Kenneth E. Bentsen, Jr., president of SIFMA:

“The CFTC’s move to dismiss its appeal will mark the conclusion of our lawsuit challenging their position limits rule, which was vacated by the District Court last year. We believe those rules as originally written could adversely affect liquidity and increase price volatility in the commodities and broader derivatives markets for end-users and all market participants. We are committed to working on behalf of our members in the U.S. and around the world with the CFTC to develop a regulatory framework that works to ensure safe, efficient markets.”

CFTC Approves Limited Purpose Swap Dealer Designations For Cargill And An Affiliate

Date 29/10/2013

The Commodity Futures Trading Commission (CFTC) today approved an Order granting limited purpose swap dealer (SD) designations to Cargill, Incorporated and an affiliate, Cargill Financial Services International, Inc., marking the first time that limited purpose SD designations have been granted.

CFTC Seeks Public Comment On Certification From TW SEF LLC To Implement Available-To-Trade Determinations For Certain Interest Rate And Credit Default Swaps

Date 29/10/2013

The Commodity Futures Trading Commission (CFTC or Commission) is requesting public comment on a certification from TW SEF LLC (TW SEF) to implement available-to-trade determinations for certain interest rate and credit default swap contracts. TW SEF submitted its available-to-trade determinations to the Commission on a self-certified basis pursuant to Commission regulations 37.10 and 40.6. If TW SEF’s submission is deemed certified by operation of Commission regulation 40.6, such swap contracts, whether listed or offered by TW SEF or any other designated contract market (DCM) or swap execution facility (SEF), will be subject to the trade execution requirement under section 2(h)(8) of the Commodity Exchange Act (CEA). All transactions involving swaps that are subject to the trade execution requirement generally must be executed on either a DCM or a SEF. In addition, to the extent that such transactions are executed on a SEF, they must be executed in accordance with the execution methods prescribed by Commission regulation 37.9(a)(2).

Remarks Of CFTC Chairman Gary Gensler At The 2013 Annual Glauber Lecture At Harvard University

Date 29/10/2013

Thank you, Bob, for that kind introduction. I also would like to thank you and Harvard University for the invitation to speak today. I’m particularly pleased to be here as Bob and I are both examples that there is life after serving as an undersecretary of the Treasury.

Piet Moerland Resigns As Chairman Of Rabobank Group - Rinus Minderhoud Appointed Interim Chairman

Date 29/10/2013

Piet Moerland has decided to resign as Chairman of the Executive Board of Rabobank Group with immediate effect in the light of the findings of the Libor and Euribor investigations. Moerland wants to send a strong message. Moerland (64) joined the Executive Board in 2003 and has been Chairman since 2009. His duties are taken over by Rinus Minderhoud (67) with immediate effect. Minderhoud has been a member of the Supervisory Board since 2002.

NASDAQ OMX - Update - Statement On Global Index Data Service (GIDS 2.0)

Date 29/10/2013

NASDAQ OMX experienced an interruption of service related to the dissemination of Global Index Data Service (GIDS 2.0). The disruption was caused by a human error performing an operational function which resulted in the incorrect delivery of data to the index distribution system. This limited the ability of the system to distribute index data from 11.53 am to 12.37 pm EDT.  The index calculation system was not impacted.  No equity exchange operations have been impacted.