News Centre

Five Taiwanese Banks Have Selected Calastone For Offshore Fund Execution As Landbank Of Taiwan, Mega International Commercial Bank And Bank Of Taipei Sign Up For Order Routing - Far Eastern International Bank And Union Bank Of Taiwan Already Went Live With Calastone Earlier This Year

Date 10/12/2013

Landbank of Taiwan, Mega International Commercial Bank and Bank of Taipei have appointed Calastone for the execution of their offshore fund transactions via the Taiwan Depository Clearing Corporation (TDCC) fund order routing service. They selected Calastone for their experience in fund order execution globally and for their superior offshore fund coverage in Taiwan.  TDCC official figures published on their website show Calastone now have 32 fund ranges connected through the TDCC, which is significantly more than any other service provider operating in Taiwan.  Higher fund coverage allows distributors selecting Calastone to immediately maximise their offshore fund automation rate, allowing them to drastically reduce their operational costs and risks while improving their service levels.

Shenzhen Stock Exchange Market Bulletin 9 December, 2013 - Issue 27

Date 10/12/2013

Last week, Shenzhen Component Index closed at 8526.7 points after losing 0.2%. SME Index dropped 2.5% to 4994.7 points. ChiNext Index slumped 11.7% to 1206.8 points. Total turnover for stocks and funds on SZSE was US$101.7 billion, or a 4.3% increase from last week. 

Remarks At The AICPA 2013 Conference On Current SEC And PCAOB Developments, Julie A. Erhardt Deputy Chief Accountant, Office Of The Chief Accountant, Dec. 9, 2013

Date 10/12/2013

Introduction

Good morning. True to form, and to the nature of my work at the SEC, I will speak to you today about international financial reporting matters. I am grateful for the opportunity to do so and, as in the past, what I say will consist of my own views that do not necessarily reflect the views of the Commission, the Commissioners, or other members of the SEC staff.

ISDA: Standard Initial Margin Model (SIMM) For Non-Cleared Derivatives

Date 09/12/2013

In order to facilitate the introduction of final BCBS-IOSCO guidelines for “Margin requirements for non-centrally cleared derivatives”, published September 2, 2013 (BCBS 261, “the Guidelines”), ISDA is proposing a standard initial margin model (SIMM) which could be used by market participants. A common methodology would have several key benefits to the market, such as permitting timely and transparent dispute resolution and allowing consistent regulatory governance and oversight.

U.S. Treasury Sells Final Shares of GM Common Stock - Efforts Saved Jobs, Helped Stabilize Economy During Financial Crisis

Date 09/12/2013

As the Troubled Asset Relief Program (TARP) continues to wind down, the U.S. Department of the Treasury today announced that it has sold all of the remaining shares of General Motors (GM) common stock. 

The Spirit Of The Season - Speech By Bank Of England Governor Mark Carney

Date 09/12/2013

At a speech today in New York, Bank of England Governor Mark Carney addressed challenges to forecasts of a sustained recovery in the UK and US economies. 

Thomson Reuters Announces Business Leadership Appointments - New Presidents Named In Legal, Intellectual Property & Science And Global Growth & Operations

Date 09/12/2013

Thomson Reuters (TSX / NYSE: TRI), the world’s leading source of intelligent information for businesses and professionals, today announced the following changes to its leadership team, effective January 1, 2014. 

Remarks Before The 2013 AICPA National Conference On Current SEC And PCAOB Developments — Audit Policy And Current Auditing And Internal Control Matters - Brian T. Croteau, Deputy Chief Accountant, Office Of The Chief Accountant, Dec. 9, 2013

Date 09/12/2013

Introduction

Good morning. Thank you Melanie [Dolan] for the introduction and thank you to the AICPA for inviting me to be here again this year. For those unfamiliar with OCA’s Professional Practice Group (PPG), I am fortunate to have a talented and dedicated team of ten professionals who focus on audit quality and investor protection each and every day. We work closely with, and provide advice and support to, other offices and divisions within the SEC on auditing, internal control, and auditor independence matters. OCA’s PPG also has a significant role in leading and coordinating the Commission’s oversight of the Public Company Accounting Oversight Board’s (PCAOB) activities and so we work very closely with the PCAOB throughout the year to achieve our shared investor protection objectives.

Human Rights Campaign Names DTCC A "Best Place To Work" For A Second Straight Year

Date 09/12/2013

The Human Rights Campaign (HRC) has named The Depository Trust & Clearing Corporation (DTCC) to its “Best Places to Work” list for 2014 for lesbian, gay, bisexual and transgender (LGBT) employees, making it the second straight year DTCC has been named to the list.

The Benefit Of Hindsight And The Promise Of Foresight: A Proposal For A Comprehensive Review Of Equity Market Structure - SEC Commissioner Michael S. Piwowar, U.S. Securities And Exchange Commission

Date 09/12/2013

Thank you Dan [Waters] for that kind introduction and the invitation to join you today.  It is nice to be among such a large and distinguished group of market structure experts from both the private and public sectors.  As a former academic researcher in the area of market microstructure, who has also spent time in the private sector and in government, this conference is a great setting for me to give my first public speech on equity market structure as an SEC Commissioner.  Over the next several months, I plan to speak about each of the three parts of the U.S. Securities and Exchange Commission’s (SEC’s) core mission – protecting investors; maintaining fair, orderly, and efficient markets; and promoting capital formation.  Today’s speech covers the second part of our mission – maintaining fair, orderly, and efficient markets – and in it I would like to share with you my views on the need for a comprehensive review of equity market structure.  It is also fitting for me to be delivering a speech in a venue called “The Brewery” since my last name – “Piwowar” – literally means “Brewer” in Polish.