News Centre

SIFMA Welcomes EU Commissioner Barnier Comments On TTIP

Date 15/07/2013

SIFMA today released the following statement from former Senator Judd Gregg, CEO, and Kenneth E. Bentsen, Jr., president, after EU Commissioner Michel Barnier called for financial services to be included in negotiations between the European Union and the U.S. on the Transatlantic Trade and Investment Partnership (TTIP).

Triparty Settlement Interoperability - Speech By Benoît Cœuré, Member Of The Executive Board Of The European Central Bank

Date 15/07/2013

Ladies and gentlemen,

It is a great pleasure to host today at the ECB, the signing ceremony for the Memorandum of Understanding on Triparty Settlement Interoperability, and to be together with key representatives from the European Repo Council (ERC), and the repo market infrastructures who have worked together on this initiative for many years now.

COGESI Workshop On Collateral Eligibility Requirements - Speech By Benoît Cœuré, Member Of The Executive Board Of The European Central Bank

Date 15/07/2013

Ladies and gentlemen,

It is a privilege for me to say a few words at this occasion, when we present the report on collateral eligibility requirements. The work conducted by the “ ECB Contact Group on Euro Securities Infrastructures” – known simply as COGESI - together with members of the ECB Money Market Contact Group has been remarkable.

MarketAxess Files Swap Execution Facility Application With CFTC

Date 15/07/2013

MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for U.S. and European high-grade corporate bonds, emerging markets bonds and other types of fixed-income securities, filed its application onFriday July 12, 2013 to become a swap execution facility (SEF) under the Commodity Futures Trading Commission’s (CFTC) Dodd-Frank Act.

European Central Bank Publishes Study Comparing Collateral Eligibility Requirements

Date 15/07/2013

The European Central Bank (ECB) has published a report entitled Collateral eligibility requirements: a comparative study across specific frameworks today. The report provides a comparison of the rules for the eligibility of collateral. The comparison covers (i) the collateral policies followed by different central banks (including European central banks, as well as the central banks of the United States and Japan), (ii) the regulatory frameworks in place and (iii) the practices of central counterparties (CCPs). The report, which was prepared by the ECB’s Contact Group on Euro Securities Infrastructures (COGESI) in cooperation with the ECB’s Money Market Contact Group (MMCG), is aimed at improving transparency by highlighting the differences between, and similarities in, the collateral requirements faced by the financial industry.

CFTC Seeks Public Comment On Request From CME Group To Issue Market Regulation Advisory Notice Regarding CME Rule 534 (“Wash Trades Prohibited”)

Date 15/07/2013

The Commodity Futures Trading Commission (CFTC) is requesting public comment on a request from the Chicago Mercantile Exchange Inc., The Board of Trade of the City of Chicago, Inc., New York Mercantile Exchange, Inc., Commodity Exchange, Inc., and Kansas City Board of Trade, Inc., for approval of CME Group Market Regulation Advisory Notice RA1308-5 submitted pursuant to section 40.5 of the CFTC’s regulations.

Opening Statement Of CFTC Chairman Gary Gensler: Open Meeting To Consider Cross-Border Guidance And Exemptive Order

Date 15/07/2013

I want to call to order and welcome everyone to this public meeting of the Commodity Futures Trading Commission – our 30th such public meeting to consider adopting measures to implement the swaps reforms of the Dodd-Frank Wall Street Reform and Consumer Protection Act. I want to thank my fellow Commissioners, Bart Chilton, Scott O’Malia, and Mark Wetjen, for their efforts and contributions in working on and reviewing the documents we will consider today. And I also want to recognize the efforts and contributions of Commissioner Jill Somers who, though no longer with the Commission as of this past Monday, has played such a significant role in the Commission’s Dodd-Frank swap reform efforts over the past several years. Finally, I want to express my thanks and appreciation to the Commission staff that has devoted their efforts, long hours, holidays, and weekends, towards preparing the documents the Commission will consider at this public meeting.

The Taipei Foundation Of Finance And The Options Industry Council Sign Content Licensing Agreement

Date 15/07/2013

The Taipei Foundation of Finance (TFF) and The Options Industry Council (OIC) announced today they have entered into a content licensing agreement to develop an educational program for financial industry professionals and investors in Taiwan and China.

UK's Serious Fraud Office: Brokers Charged In LIBOR Investigation

Date 15/07/2013

Terry Farr and James Gilmour, former brokers at RP Martin Holdings Limited, have today been charged with offences of conspiracy to defraud in connection with the investigation by the Serious Fraud Office into the manipulation of LIBOR.

European Organisations Aim To Boost Triparty Repo Settlement Interoperability By 2015

Date 15/07/2013

The ICMA European Repo Council has today signed a Memorandum of Understanding  with Clearstream, Euroclear and Eurex Clearing, which engages  the three post-trade infrastructure providers in a joint project enabling their systems to work together to increase the efficiency of the repo market. The project primarily creates the opportunity for Eurex Clearing to extend the connected settlement locations for its secured funding market GC Pooling with Clearstream Banking to include Euroclear Bank. Pending completion of detailed feasibility studies and market consultation, triparty settlement interoperability is envisaged to be delivered by the end of 2015.