News Centre

Financial Associations' Response To Revised Basel III Leverage Ratio Framework And Disclosure Requirements (Proposed Framework)

Date 24/09/2013

The Global Financial Markets Association (“GFMA”), American Bankers Association, Financial Services Roundtable, Institute of International Bankers, Institute of International Finance, and the International Swaps and Derivatives Association (collectively,“the Associations”) represent the largest participants in national and global banking and financial markets.  The Associations appreciate this opportunity to comment on the June 2013 Consultative Document issued by the Basel Committee on Banking Supervision (“the Committee”), Revised Basel III leverage ratio framework and disclosure requirements (“Proposed Framework”).

Osaka Securities Exchange Change in Trade Name To Osaka Exchange, Inc.

Date 24/09/2013

The Osaka Securities Exchange hereby announces that its exchange will change its trade name as follows.

• New trade name: Osaka Exchange, Inc.

SEC Charges 10 Brokers For Roles In McGinn Smith Ponzi Scheme

Date 23/09/2013

The Securities and Exchange Commission today announced charges against 10 former brokers at an Albany, N.Y.-based firm at the center of a $125 million investment scheme for which the co-owners have received jail sentences.

CFTC Issues Notices Of Temporary Registration As A Swap Execution Facility To 360 Trading Networks Inc.

Date 23/09/2013

The U.S. Commodity Futures Trading Commission (CFTC) has approved the application of 360 Trading Networks Inc. (360T) for temporary registration as a swap execution facility (SEF) pursuant to section 5h of the Commodity Exchange Act (CEA) and section 37.3(c) of the CFTC’s regulations. 360T is a Delaware limited liability company and is wholly-owned by 360 Treasury Systems AG, a German joint stock company.

SEC Charges Former Qualcomm Executive And His Financial Advisor With Insider Trading Through Secret Offshore Accounts

Date 23/09/2013

The Securities and Exchange Commission today charged a former executive at Qualcomm Inc. and his former financial advisor with insider trading ahead of major announcements by the San Diego-based wireless technology company for more than a quarter-million dollars in profits.

CFTC’s Division Of Clearing And Risk Issues Time Limited No-Action Letter For LCH.Clearnet Ltd And Its Clearing Members

Date 23/09/2013

The Commodity Futures Trading Commission’s (Commission) Division of Clearing and Risk (DCR) today issued a time limited no-action letter stating that DCR will not recommend that the Commission take enforcement action against LCH.Clearnet Ltd (LCH) for clearing certain swaps (DCM/SEF Swaps) executed on, or subject to the rules of, designated contract markets or swap execution facilities, and will not recommend enforcement action against LCH’s clearing members for clearing DCM/SEF Swaps through LCH.

SEC Charges TD Bank And Former Executive For Roles In Rothstein Ponzi Scheme In South Florida

Date 23/09/2013

The Securities and Exchange Commission today charged TD Bank and a former executive with violating securities laws in connection with a massive South Florida-based Ponzi scheme conducted by Scott Rothstein, who is now serving a 50-year prison sentence.

BME: Abide Financial And REGIS-TR’ Sign Business Alliance

Date 23/09/2013

• Abide to benefit from REGIS-TR’s EMIR repository capabilities
• REGIS-TR’s European client base gain access to MiFID reporting services in London

SEC Charges Independent Filmmaker With Insider Trading

Date 23/09/2013

The Securities and Exchange Commission today charged a Manhattan-based independent filmmaker with insider trading on confidential information about impending takeovers of two biotechnology companies.

Napier Park Global Capital Opens Office In DIFC

Date 23/09/2013

Napier Park Global Capital (“Napier Park”), a global alternative asset management firm, announced today that it has expanded its business operations into the UAE and is opening an office at the Dubai International Financial Centre. Napier Park will now have offices in New York, London and Dubai.