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  • DTCC: Statement On The House Financial Services Committee Passage Of H.R. 742

    Date 07/05/2013

    The Depository Trust & Clearing Corporation (DTCC) General Counsel Larry Thompson today issued the following statement in response to the U.S. House of Representatives Financial Services Committee passage of the Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013 (H.R. 742):

    “DTCC applauds the Committee for helping ensure regulators continue to have access to a global set of over-the-counter (OTC) derivatives data – an essential component of systemic risk oversight and mitigation. Today’s unanimous vote of support for H.R. 742 is another key step in resolving issues surrounding the indemnification provisions and confidentiality requirements of the Dodd-Frank Act. DTCC commends Congressmen Crawford, Huizenga, S.P. Maloney and Moore for their dedication in leading this effort. The bipartisan legislation, which was unanimously approved by the House Agriculture Committee in March, represents the only viable solution to the unintended consequences of indemnification and helps ensure regulators and the public obtain a consolidated and accurate view of the global marketplace. DTCC urges Congress to move swiftly to enact H.R. 742 and help create a more stable and secure financial system.”

  • BM&FBOVESPA Widens Its Offer In Interest Rate Derivatives - Portfolio To Include New Products Referenced On The Average Rate In Repurchase Agreements Backed By Federal Securities

    Date 07/05/2013

    BM&FBOVESPA will widen its interest rate product range on May 27th. Three new derivatives referenced to the average rate in one-day repurchase agreements backed by Federal securities are being introduced: the U.S. Dollar Spread Future Contract Referencing One-Day Repurchase Agreements (DCO); the U.S. Dollar Swap with Reset Referencing One-Day Repurchase Agreements (SCS); and the Forward Rate Agreement on One-Day Repurchase Agreements structured transaction (FRO).

  • European Parliament: MEPs Set To Dig Deeper Into Troika's Cyprus Deal

    Date 07/05/2013

    Pressure to reveal how the Cyprus financial plans were hatched would continue, the chair of Parliament's economic and monetary affairs committee, said on Tuesday when she closed a debate with Eurogroup President Jeroen Dijsselbloem that left various MEPs less than fully satisfied on the quality of the answers provided.

  • SEC Charges Traders In Massive Kickback Scheme Involving Venezuelan Official

    Date 07/05/2013

    The Securities and Exchange Commission today charged four individuals with ties to a New York City brokerage firm in a scheme involving millions of dollars in illicit bribes paid to a high-ranking Venezuelan finance official to secure the bond trading business of a state-owned Venezuelan bank.

  • Israel Opportunity 2013, 12th Tel Aviv Stock Exchange London Investor Conference Being Held 13 June 2013

    Date 07/05/2013

    The Tel Aviv Stock Exchange (TASE) will hold its twelfth annual London "Israel Opportunity" investor conference in conjunction with the Israel Embassy in London and the UK Israel Business Council.