News Centre

Federal Reserve Bank: Minutes Of The Board's Discount Rates Meetings From April 8 And April 29, 2013

Date 28/05/2013

The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings of April 8 and April 29, 2013.

SIFMA Statement On SEC Nominations

Date 28/05/2013

IFMA today released the following statement from CEO Judd A. Gregg on the recent nominations of two SEC Commissioners:

"President Obama has made excellent choices in nominating Kara Stein and Michael Piwowar to be Commissioners of the Securities and Exchange Commission. These are two smart, thoughtful and talented people who will certainly contribute greatly to the SEC's mission of protecting the American public and investors and enhancing America's capital markets.  It was a pleasure to work with them in the Senate.  Prompt confirmation by the Senate would be good for the country and for the economy."

Completion Of LCH.Clearnet’s €320 Million Capital Raise

Date 28/05/2013

London Stock Exchange Group plc ("LSEG") is pleased to confirm that LCH.Clearnet Group Limited ("LCH.Clearnet") has today announced that the Capital Raise of €320 million which was launched on 1 May 2013, in order to meet increased regulatory capital requirements, has been successfully completed.

FESE Members Support The Draft OECD Long-Term Financing Principles And Make Some Recommendations

Date 28/05/2013

Regulators should take steps to repair the local ecosystem. Future OECD policy should further strengthen investor protection. Public funds should be used to help local companies access public capital markets. Bond markets and securitization should be harmonized further. Regulatory incentives that distort investor decisions in favour of some asset classes should be removed. Tax incentives that distort investor decisions in favour of some asset classes should be removed. We recommend setting up public/private partnerships to produce and disseminate high quality and credible research on SMEs.

U.S. Department Of Justice: Acting Assistant Attorney General Mythili Raman Speaks At The Liberty Reserve Press Conference

Date 28/05/2013

Today, we strike a severe blow against a professional money laundering enterprise charged with laundering over $6 billion in criminal proceeds.  As charged in the indictment unsealed today, Liberty Reserve was a financial hub for cybercriminals, Ponzi schemers, child pornographers, identity thieves, and other criminals seeking to hide, launder, and use ill-gotten funds. 

U.S. Department Of The Treasury Identifies Virtual Currency Provider Liberty Reserve As A Financial Institution Of Primary Money Laundering Concern Under USA Patriot Act Section 311 - Action Targets Liberty Reserve, A Web-Based Money Transfer System Employed By Criminals Worldwide To Launder The Proceeds Of Illicit Activities

Date 28/05/2013

The U.S. Department of the Treasury today named Liberty Reserve S.A. as a financial institution of primary money laundering concern under Section 311 of the USA PATRIOT Act (Section 311).   Liberty Reserve - a web-based money transfer system or “virtual currency” - is specifically designed and frequently used to facilitate money laundering in cyber space.  This is the first use of Section 311 authorities by Treasury against a virtual currency provider.

Statement Congratulating SEC Nominees By SEC Commissioner Troy A. Paredes

Date 28/05/2013

Late last week, President Obama nominated Michael Piwowar and Kara Stein to serve as SEC commissioners. I want to congratulate Mike and Kara on their nominations. Because the SEC is currently addressing many significant issues — such as finalizing its Dodd-Frank rulemakings and implementing the JOBS Act — it is quite an important time to join the agency.

Finansinspektionen - Swedish Financial Supervisory Authority: Mortgage Margins And A Ban On Commissions – News At Supervision Day

Date 28/05/2013

The banks have not become more transparent about factors influencing mortgage margins, and there is still a need to strengthen consumer protection on the financial advice market. These are two of the most important conclusions drawn by Finansinspektionen (FI) from its work during the year. They are being presented today at FI’s annual Supervision Day.

One Of The World’s Largest Digital Currency Companies And Seven Of Its Principals And Employees Charged In Manhattan Federal Court With Running Alleged $6 Billion Money Laundering Scheme - Liberty Reserve Allegedly Processed At Least 55 Million Illegal Transactions For At Least One Million Users Worldwide Facilitating Global Criminal Conduct - Investigation And Takedown Believed To Be The Largest International Money Laundering Prosecution In History, Involving Law Enforcement Actions In 17 Countries

Date 28/05/2013

Mythili Raman, Acting Assistant Attorney General for the Criminal Division of the U.S. Department of Justice; Preet Bharara, U.S. Attorney for the Southern District of New York; Steven G. Hughes, Special Agent-in-Charge of the New York Office of the U.S. Secret Service; Richard Weber, Chief of the Internal Revenue Service, Criminal Investigation (IRS-CI); and James T. Hayes Jr., Special Agent-in-Charge of the New York Field Office of the U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI), announced today the unsealing of an indictment charging Liberty Reserve, a company that operated one of the world’s most widely used digital currency services, and seven of its principals and employees with money laundering and operating an unlicensed money transmitting business.  Liberty Reserve is alleged to have had more than one million users worldwide, including more than 200,000 users in the U.S., who conducted approximately 55 million transactions – virtually all of which were illegal – and laundered more than $6 billion in suspected proceeds of crimes including credit card fraud, identity theft, investment fraud, computer hacking, child pornography and narcotics trafficking. 

IMF Executive Board Statement On Managing Director Christine Lagarde

Date 28/05/2013

The Executive Board of the International Monetary Fund (IMF) today issued the following statement regarding the Managing Director Christine Lagarde’s hearing in France last week:

“As we have said before, it would not be appropriate to comment on a case that has been and is currently before the French judiciary. However, the Executive Board has been briefed on this matter, including on the outcome of the recent hearings before the Court of Justice of the Republic in Paris, and has reaffirmed its confidence in the Managing Director’s ability to effectively carry out her duties.”