News Centre

Federal Reserve Board Issues Supervision And Regulation Letter Summarizing Changes Made To Its Program For Consolidated Supervision Of Large Financial Institutions

Date 17/12/2012

The Federal Reserve Board on Monday issued a Supervision and Regulation letter summarizing changes made in recent years to its program for consolidated supervision of large financial institutions.

Lona Nallengara Named Acting Director Of SEC’s Division Of Corporation Finance

Date 17/12/2012

Securities and Exchange Commission Chairman Elisse B. Walter today named Lona Nallengara as Acting Director of the Division of Corporation Finance. He will replace Meredith B. Cross when she leaves the SEC to return to the private sector at the end of the year.

Quarterly Changes To The NASDAQ Q-50 Index

Date 17/12/2012

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), parent of the world's first electronic stock market and a leading index provider, today announced the results of the quarterly re-ranking of the NASDAQ Q-50 Index^SM(Nasdaq:NXTQ), which will become effective prior to market open on Monday, December 24, 2012.

John Ramsay Named Acting Director Of SEC’s Division Of Trading And Markets

Date 17/12/2012

Securities and Exchange Commission Chairman Elisse B. Walter today named John Ramsay as Acting Director of the Division of Trading and Markets. He will replace Robert Cook, who announced that he plans to step down after a short transition period.

Semi-Annual Changes To The NASDAQ OMX ABA Community Bank Index

Date 17/12/2012

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), parent of the world's first electronic stock market and a leading index provider, today announced the results of the semi-annual evaluation of the NASDAQ OMX ABA Community Bank Index (Nasdaq:ABQI), which will become effective prior to market open on Monday, December 24, 2012.

Risk Modeling At The SEC: The Accounting Quality Model By Craig M. Lewis, Chief Economist And Director, Division Of Risk, Strategy, And Financial Innovation, U.S. Securities & Exchange Commission - Financial Executives International Committee On Finance And Information Technology, December 13, 2012

Date 17/12/2012

Introduction

Thank you so much for inviting me here to speak with you. Before I begin my remarks, I must make clear that the views I express today are mine alone and do not necessarily reflect the views of the Commission or of my colleagues on the Commission Staff.

Federal Reserve Governor Jeremy C. Stein At The Global Research Forum, International Finance And Macroecomomics, Sponsored By The European Central Bank, Frankfurt Am Main, Germany, December 17, 2012 - Dollar Funding And Global Banks

Date 17/12/2012

Thanks very much. It's a pleasure to be part of this panel on the future of financial globalization. I will focus my remarks on one important aspect of this issue--namely, the growing use of wholesale dollar funding by global financial institutions. I'll begin by briefly discussing research I've been doing, along with my coauthors Victoria Ivashina and David Scharfstein, which examines some of the consequences of this funding model during times of market stress. I'll then touch on the policy implications of this and related work. But first, the usual disclaimer: The views that follow are my own and do not necessarily reflect the thinking of my colleagues on the Federal Open Market Committee.

Treasury International Capital Data For October

Date 17/12/2012

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for October 2012.  The next release, which will report on data for November 2012, is scheduled for January 16, 2013.

Statement Of Support – Adaptation Of Regulations To Incorporate Swaps – Records Of Transactions, CFTC Chairman Gary Gensler

Date 17/12/2012

I support the final rule to amend 1.31 and 1.35(a) of the Commodity Futures Trading Commission’s (CFTC) regulations to conform them to recordkeeping requirements for swap dealers and major swap participants. The rule enhances the Commission’s enforcement program for the futures market to promote market integrity and protect customers.

SEC Charges Connecticut-Based Adviser For “Skin In The Game” Misstatements About CDOs

Date 17/12/2012

The Securities and Exchange Commission today charged a Connecticut-based investment adviser with falsely stating to clients that it was co-investing alongside them in two collateralized debt obligations (CDO).