News Centre

MGEX Releases Apple Juice Concentrate Regulations, Manual And Warehouse Receipt

Date 30/07/2012

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), announces the public availability of the Regulations, Manual and a sample Negotiable Warehouse Receipt for the new Apple Juice Concentrate (AJC) Futures and Options contract.  The AJC contract launches on August 13, 2012.   

U.S. Treasury Secretary Timothy Geithner And German Finance Minister Wolfgang Schäuble - Call For A Continuation Of Global And European Reform Efforts

Date 30/07/2012

The U.S. Department of the Treasury, in conjunction with the German Finance Ministry, today released the following joint statement at the conclusion of Secretary Timothy Geithner’s meeting with German Finance Minister Wolfgang Schäuble:

“Timothy Geithner and Wolfgang Schäuble today met on the island of Sylt to use the informal atmosphere for an open exchange of views on global, U.S. and European economies. They emphasized the need for ongoing international cooperation and coordination to achieve sustainable public finances, reduce global macroeconomic imbalances, and restore growth."

SIX Swiss Exchange: Internationalisation Of SLS

Date 30/07/2012

As of today, the unique SIX Swiss Exchange Liquidnet Service offers trading participants access to more than twice as many markets as before.

EMIR - Information On The Deadline For Joint Draft Regulatory Technical Standards On Risk Mitigation Techniques For OTC Derivatives Contracts Not Cleared By A CCP

Date 30/07/2012

On 7 June 2012, the Joint Committee of the European Supervisory Authorities (ESAs) addressed a request to the European Commission for a postponement of the deadline for the submission of the joint draft regulatory technical standards (RTS) on risk mitigation techniques for OTC derivatives contracts not cleared by a CCP (mainly related to margins for bilateral transactions).

ESMA Publishes Updated List Of Registered Credit Rating Agencies

Date 30/07/2012

The European Securities and Markets Authority has published an updated list of registered Credit Rating Agencies in the European Union.  The newest addition is the European Rating Agency, a.s. (Slovakia) which has been registered by the National Bank of Slovakia.

IntercontinentalExchange To Transition Cleared Energy Swaps To Futures In January 2013

Date 30/07/2012

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced that all cleared OTC products listed on ICE's OTC energy market will be transitioned to futures products in January 2013. These products will continue be listed and traded on the ICE platform and cleared at ICE Clear Europe, and block trades will continue to be available subject to applicable requirements.

Borsa Italiana Welcomes Compagnia Della Ruota To Aim Italia –Mercato Alternativo Del Capitale

Date 30/07/2012

Compagnia della Ruota has today listed on Aim Italia - Borsa Italiana’s market for small and fast growing companies. Compagnia della Ruota, headquartered in Biella, is a specialist investment company.

LIBOR: The Wheatley Review

Date 30/07/2012

As announced on 2 July 2012, the Chancellor of the Exchequer has commissioned Martin Wheatley, managing director of the FSA and Chief Executive-designate of the Financial Conduct Authority, to undertake a review of the framework for the setting of LIBOR.

Press Conference By Tadahiro Matsushita, Japan's Minister For Financial Services - Manipulation Of LIBOR And Possible Manipulation of TIBOR - HSBC Money Laundering

Date 30/07/2012

[Questions & Answers]

Q.

Last weekend, in relation to the illegal manipulation of interest rates, a media report said that the U.S. Securities and Exchange Commission had requested the Financial Services Agency (FSA) to cooperate in investigation as to whether or not U.S. banks had engaged in illegal practices in relation to TIBOR (Tokyo Interbank Offered Rate). Is that true? If so, how will the FSA respond to the request?

A.

I am aware of the media report that you mentioned. As to specific communications between the financial authorities or specific actions by the authorities, including foreign authorities, I would like to refrain from making comments.

Generally speaking, the FSA has already been cooperating and communicating with foreign authorities as needed and we will continue to cooperate with relevant authorities as needed.

In any case, I recognize that illegal manipulation of LIBOR (London Interbank Offered Rate) and TIBOR, which are widely used as important benchmark interest rates in the financial market, could undermine the fairness and transparency of the market and obstruct the sound development of the market, so I am keeping a close watch on this matter as a very serious problem.

As I have repeatedly mentioned, if a problem is recognized, the FSA will take appropriate actions in accordance with laws and regulations.

HKEx To Extend Coverage Of Its RMB Equity Trading Support Facility

Date 30/07/2012

Hong Kong Exchanges and Clearing Limited (HKEx) announced today (Monday) that it will extend the coverage of its Renminbi (RMB) Equity Trading Support Facility (TSF) beyond RMB-traded shares to equity-related Exchange Traded Funds (ETFs) and Real Estate Investment Trusts (REITs) traded in RMB with effect from Monday, 6 August 2012.