News Centre

Regulation As A Spur To Growth - Speech By Martin Wheatley, Chief Executive, The Financial Conduct Authority, To The Investment Management Association (IMA) At Mansion House, London

Date 06/06/2013

My Lords, Deputy Lord Mayor, ladies and gentlemen, it is a great pleasure to join everyone tonight.

And thank you for that kind introduction Douglas. One of the great strengths of the IMA is its ability to look outwards – to look towards clients and demonstrate a positive picture of financial services.

SEC Renames Division Focusing On Economic And Risk Analysis

Date 06/06/2013

The Securities and Exchange Commission today announced that it has changed the name of its Division of Risk, Strategy, and Financial Innovation to better reflect its core responsibilities and focus. Starting today, it will be called the "Division of Economic and Risk Analysis."

Statement By CFTC Commissioner Scott D. O’Malia On Ensuring A Backup Plan On Cross-Border Guidance To Give Markets Certainty

Date 06/06/2013

The Commission’s exemptive relief from the cross-border application of its Dodd-Frank rules expires on July 12. As that date nears, the Commission has only been given one path forward: finalize the cross-border guidance it proposed last July, or else leave the market without any clarity on the extraterritorial application of Commission rules following the expiration of the exemptive relief. There are a number of reasons why the Commission should not be forced into implementing a take-it-or-leave-it solution tied to an arbitrary deadline. Therefore, I am asking my fellow Commissioners to join me in releasing for public comment a proposed extension of the existing exemptive relief until December 31, 2013.

Money Market Mutual Fund Reform: Opening Statement At The SEC Open Meeting By Norm Champ, Director, Division Of Investment Management, U.S. Securities And Exchange Commission

Date 06/06/2013

Good morning, Chair White and Commissioners Walter, Aguilar, Paredes, and Gallagher. Today I am pleased to present for your consideration the recommendations of the SEC’s Division of Investment Management to amend certain of the rules governing money market mutual funds. Chair White, thank you for so ably taking the reins on this project and keeping us on track to get where we are today. I would also like to thank Commissioner Walter for her very effective leadership and tireless involvement on this project while she was Chair and her continued contributions since then. Thank you to each of Commissioners Aguilar, Paredes, and Gallagher for your engagement in this rulemaking process and your invaluable thoughts and input.

BM&FBOVESPA Posts Record Number Of DI1 Futures Trades

Date 06/06/2013

BM&FBOVESPA reached a record 21,655 trades in the Interbank Deposit Futures Contract (DI1) yesterday in the BM&F segment. The previous record was 19,986 trades, on February 15, 2013.

TMX Group Equity Financing Statistics – May 2013 , Toronto Stock Exchange, TSX Venture Exchange

Date 06/06/2013

TMX Group today announced its financing activity on Toronto Stock Exchange and TSX Venture Exchange for May 2013.

CFTC Chairman Gary Gensler's Keynote Address On The Cross-Border Application Of Swaps Market Reform At Sandler O'Neill Conference

Date 06/06/2013

Thank you, Rich, for that kind introduction.  I’m honored to be here for the fourth year at your Global Exchange and Brokerage Conference.

Program Trading Averaged 31.2 Percent Of NYSE Volume During May 28-31

Date 06/06/2013

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 May 28-31.

ESMA Publishes Updated Q&A On EMIR Implementation

Date 06/06/2013

Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (“EMIR”) entered into force on 16 August 2012. Most of the obligations under EMIR needed to be specified further via regulatory technical standards and they will take effect following the entry into force of the technical standards.

SEC Warns Investors About Binary Options And Charges Cyprus-Based Company With Selling Them Illegally In U.S.

Date 06/06/2013

The Securities and Exchange Commission today warned investors about the potential risks of investing in binary options and has charged a Cyprus-based company with selling them illegally to U.S. investors.