News Centre

European Parliament: Bonus Caps For Fund Managers And Safeguards For Retail Investors

Date 21/03/2013

Investment fund managers' bonuses must be capped, their salaries must be linked to their funds' performance said Economic and Monetary Affairs Committee MEPs in a draft law voted on Thursday. Individual investors' money must also be better protected, they added.

Inclusion Is A Strength: Corporate America And The SEC Should Reflect America By Commissioner Luis A. Aguilar, U.S. Securities And Exchange Commission

Date 21/03/2013

Recently I have had the privilege to speak at a number of forums to discuss the importance of diversity and inclusion in corporate America and in government agencies such as the SEC. I strongly believe that regulators and corporate America should reflect the broad range of American society.  The following remarks are a compilation of my remarks delivered on (i) March 5, 2012, at the Greenlining Institute’s Diversity Summit in Washington, DC, (ii) March 5, 2013, at the SEC’s Unconscious Bias Training Seminar in Washington DC, (iii) March 16, 2013, at the Renaissance Gathering Dinner in Atlanta, Georgia, and (iv) March 19, 2013, at the Chicago United Annual Meeting in Chicago, Illinois.

Standard & Poor's Ratings Services: Cyprus Long-Term Rating Lowered To 'CCC' On Rising Risks To Financial And Economic Stability - Outlook Negative

Date 21/03/2013

• We believe that in the absence of a credible alternative source of capital and fiscal financing, the risk of a disorderly credit event is rising.
• We are lowering our long-term sovereign credit rating on Cyprus to 'CCC' from 'CCC+'.
• The outlook is negative. 

ISDA Comment Letter To The IASB On Exposure Draft 2013/2 ‘Novation Of Derivatives And Continuation Of Hedge Accounting – Proposed Amendments To IAS 39 And IFRS 9’

Date 21/03/2013

ISDA’s European Accounting Policy Committee members represent leading participants in the privately negotiated derivatives industry that rely on over-the-counter derivatives to manage efficiently the financial market risks inherent in their core economic activities. Collectively, the membership of ISDA has substantial professional expertise and practical experience addressing accounting policy issues with respect to financial instruments and, specifically, derivative financial instruments.

CFTC Issues Amended Registration Order For Natural Gas Exchange Inc

Date 21/03/2013

On March 20, 2013, the Commodity Futures Trading Commission issued an amended order of registration as a derivatives clearing organization (“DCO”) to the Natural Gas Exchange Inc. (“NGX”). NGX, a registered DCO since 2008, had requested that the Commission expand the scope of products it is authorized to clear and permit it to continue using an accrual accounting methodology for daily settlement.

SEC Charges Rengan Rajaratnam With Insider Trading

Date 21/03/2013

The Securities and Exchange Commission today charged Rajarengan “Rengan” Rajaratnam for his role in the massive insider trading scheme spearheaded by his older brother Raj Rajaratnam and hedge fund advisory firm Galleon Management.

Borsa Italiana Launches ExtraMOT PRO - New Fixed Income Segment To Meet Listed And Unlisted Corporates’ Needs - Cerved Technologies (Cerved Group) Is First Issuer On The New Market

Date 21/03/2013

Borsa Italiana has today broadened its bond market offering with a new professional segment on its ExtraMOT market, dedicated to the trading of debt instruments issued by both listed and unlisted Italian companies.

The AMF Highlights The Entry Into Force Of Certain Provisions Of The “EMIR” Regulation With Effect From 15 March 2013

Date 21/03/2013

European Commission delegated regulations 148/2013 to 153/2013 supplementing the European “EMIR” regulation 648/2012 on over-the-counter derivatives, central counterparties and trade repositories were published in the Official Journal of the European Union on 23 February 2013. They enter into force on 15 March 2013.

RSM Research Wins S&P Dow Jones Second Annual SPIVA Award

Date 21/03/2013

A team of researchers from Rotterdam School of Management, Erasmus University (RSM) has won a $30,000 international prize for its comprehensive study offering a new perspective in the debate about active management of funds versus passive investing.

Program Trading Averaged 39.0 Percent Of NYSE Volume During Mar. 11-15

Date 21/03/2013

The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released  its weekly program-trading data compiled from member firms' executed volume from  NYSE's orders database.  The report includes trading on the NYSE for Mar. 11-15.