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Statement Regarding Adoption Of Rule Implementing The Volcker Rule - SEC Commissioner Kara M. Stein

Date 10/12/2013

I am pleased that the Securities and Exchange Commission (SEC) will today join its fellow federal financial regulators in finalizing important protections against the risks and conflicts of interest inherent in banks’ proprietary trading and relationships with hedge funds and private equity funds.
"High Roller's Room" - Statement Of CFTC Commissioner Bart Chilton

Date 10/12/2013

I’m pleased to be voting on a final Volcker Rule. Frankly, two-and-a-half weeks ago, I had grave doubts about getting this done in a meaningful fashion. It had become weaker than the original proposal. But, thankfully, and I thank the Chairman for his tireless efforts, we have a rigorous and robust rule before us.
Statement Regarding Adoption Of Rule Implementing The Volcker Rule, Commissioner Michael S. Piwowar, U.S. Securities And Exchange Commission, Dec. 10, 2013

Date 10/12/2013

The Securities and Exchange Commission (“SEC” or “Commission”), the Commodity Futures Trading Commission, the Board of Governors of the Federal Reserve System (“Board”), the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (collectively, the “Rulemaking Agencies”) today approved a coordinated rule to implement Section 619 of the Dodd‑Frank Wall Street Reform and Consumer Protection Act (“Dodd‑Frank”), commonly referred to as the “Volcker Rule.” The final rule adopted today is substantially different from the rule that was proposed over two years ago.[1] In my view, the extent of these changes necessitates a reproposal of the rule and an opportunity for public comment. Therefore, I am not able to support the adoption of the rule.
Spend On Financial Crime Counter Measures Remains Strong, Despite Difficult Economic Climate For FS Companies - Nearly Half Of Respondents Say Investment Will Increase By Up To 20% In Key Areas

Date 10/12/2013

According to a survey from BAE Systems Detica, spend on financial crime counter measures remains a priority for businesses globally. The “Financial Crime Survey 2013”1 reveals that investment by many global businesses in operational risk, anti-fraud and compliance solutions is increasing, as the threat of financial crime becomes more acute.
Dissenting Statement Of CFTC Commissioner Scott D. O’Malia - Prohibitions And Restrictions On Proprietary Trading And Certain Interests In, And Relationships With, Hedge Funds And Private Equity Funds

Date 10/12/2013

I respectfully dissent from today’s Commission vote on the final rule implementing section 619 of the Dodd-Frank Act, commonly known as the “Volcker Rule.” I cannot support a rulemaking that undermines the regulatory process, nor clearly delineates the Commission’s new jurisdiction and enforcement authority under section 13 of the Bank Holding Company Act of 1956 (“BHC Act”) and fails to include procedures that afford due process to market participants.

Adoption Of The Volcker Rule - SEC Chair Mary Jo White

Date 10/12/2013

Today, the Commission, acting jointly with our fellow agencies, adopted a final Volcker Rule designed to significantly reduce risks to our economy and financial system while preserving the vitality of the U.S. capital markets.
Statement Of Support Of CFTC Chairman Gary Gensler On Volcker Rule

Date 10/12/2013

I support the final “Volcker Rule” before the Commission today. It achieves the important balance, as directed by Congress, of prohibiting banking entities from proprietary trading while at the same time allowing banking entities to engage in permitted activities, including market making and risk mitigating hedging.
Moscow Exchange Participates In London Session Of Moscow International Financial Centre Initiative

Date 10/12/2013

Moscow Exchange CEO Alexander Afanasiev delivered the keynote address at a session of the Moscow International Financial centre at London"s Mansion House on 9 December.
Bursa Malaysia Goes Live With Its New Trading Engine Powered By NASDAQ OMX

Date 10/12/2013

Bursa Malaysia (BURSA:MK) and NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), today announced that Bursa Malaysia has gone live with their new trading engine, Bursa Trade Securities 2 (BTS2) powered by NASDAQ OMX's X-stream INET. The project was delivered ahead of schedule on 2 December 2013, well in advance of the initial target of the first quarter of 2014.
Bank Of America Merrill Lynch Is Institutional Investor's Top Global Research Firm Of 2013 - J.P. Morgan, In Second Place Overall, Is No. 1 In Fixed-Income Research

Date 10/12/2013

For a third year running, Bank of America Merrill Lynch is Institutional Investor's Top Global Research Firm of the Year, a ranking based on the aggregated results of the magazine's 12 annual research surveys.