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  • IOSCO Reinforces Standard On Cross-Border Cooperation

    Date 18/09/2013

    The International Organization of Securities Commissions (IOSCO) today adopted measures to encourage non-signatory members to sign the IOSCO Multilateral Memorandum of Understanding on cooperation and exchange of information.  Established in 2002, the MMoU is the instrument used by securities regulators around the world to fight the cross-border financial services misconduct that can weaken global markets and undermine investor confidence.

  • SEC Charges N.Y.-Based Hedge Fund Adviser With Breaching Fiduciary Duty By Participating In Conflicted Principal Transaction

    Date 18/09/2013

    The Securities and Exchange Commission today charged the adviser to a New York-based hedge fund with breaching his fiduciary duty by engineering an undisclosed principal transaction in which he had a financial conflict of interest.  

  • New Measures To Restore Confidence In Benchmarks Following LIBOR And EURIBOR Scandals

    Date 18/09/2013

    The Commission has today proposed draft legislation to help restore confidence in the integrity of benchmarks. A benchmark is an index (statistical measure), calculated from a representative set of underlying data, that is used as a reference price for a financial instrument or financial contract or to measure the performance of an investment fund. The new rules will enhance the robustness and reliability of benchmarks, facilitate the prevention and detection of their manipulation and clarify responsibility for and the supervision of benchmarks by the authorities. They complement the Commission’s proposals, agreed by the European Parliament and Council in June 2013, to make the manipulation of benchmarks a market abuse offence subject to strict administrative fines (see MEMO/13/774).

  • IOSCO Confirmed As The Key Global Reference Point For Securities Regulation

    Date 18/09/2013

    Members of the International Organization of Securities Commissions (IOSCO) met during its Annual Conference this week to discuss how to advance work on global regulatory reform and the identification of emerging risks in securities market.

  • CME Group Files An Application To Be Registered As A Swap Execution Facility

    Date 18/09/2013

    CME Group, the world's leading and most diverse derivatives marketplace, announced today that it has filed an application to be registered as a Swap Execution Facility (SEF) with the Commodity Futures Trading Commission (CFTC).  CME Group's SEF will be available over CME Direct, a sophisticated online front-end trade management platform for accessing CME Group's deeply liquid exchange listed and OTC energy and metals markets.