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Testimony By CFTC Chairman Gary Gensler Before The U.S. Senate Appropriations Subcommittee On Financial Services And General Government, Washington, DC

Date 21/03/2012

Good afternoon Chairman Durbin, Ranking Member Moran and members of the Subcommittee.  Thank you for inviting me to today’s hearing on the Commodity Futures Trading Commission’s (CFTC) fiscal year (FY) 2013 budget request.

“Market Madness” Speech Of CFTC Commissioner Bart Chilton Before The Exchequer Club, Washington, DC

Date 21/03/2012

Good afternoon.  It’s good to be with you today.  Thanks for having me and thanks especially to Bradley Edgell for the kind invitation.

AFME‐BBA‐ISDA Response To 1st ESMA‐Discussion Paper (Dated 16 February 2012): Draft Technical Standards For The Regulation On OTC Derivatives, CCPs And Trade Repositories.

Date 21/03/2012

The signatory associations welcome the opportunity to respond to the 1st ESMA Discussion Paper onEMIR.

The associations would like to underline their commitment to a safe and efficient OTC derivativesbusiness, and high regulatory standards for clearing houses. We support the direction of regulatorychange for both cleared and non‐cleared OTC derivatives, as evidenced by the progress made in theupgrade of industry infrastructure in recent years, e.g.

• 51% of the global interest rate swap market (which itself makes up over 80% of the grossnotional volume of the total OTC derivatives market) is now cleared;
• clearing and tear‐ups have reduced the gross notional value of the CDS market in excess of75% since its peak;
• trade repositories are established and operational ‐ or close to being operational – for all ofthe 5 main OTC derivatives asset classes, giving regulators increased visibility on risk in theOTC derivatives business.

Speech By SEC Commissioner Luis A. Aguilar: Why Seniors Are More Vulnerable Now As Targets For Financial Abuse

Date 21/03/2012

Delivered by Commissioner Aguilar’s Chief of Staff: Smeeta Ramarathnam

Thank you, Keith. It is my pleasure to be here today, on behalf of Commissioner Aguilar, to discuss serious concerns confronting investors when they are at their most vulnerable. Commissioner Aguilar asked me to convey his regrets that he is unable to be here in person, and he requested that I deliver this statement on his behalf. It is initiatives and dialogues like this one that are critical to highlighting the most vulnerable in need of help.

ISDA Statement On CFTC Final Rule On Customer Clearing Documentation, Timing Of Acceptance For Clearing, And Clearing Member Risk Management

Date 21/03/2012

Yesterday, the Commodity Futures Trading Commission’s (“CFTC”) adopted the final Customer Clearing Documentation, Timing of Acceptance for Clearing, and Clearing Member Risk Management rule (the “Final Rule”). The International Swaps and Derivatives Association (“ISDA”) fully endorses the use of central clearing to reduce systemic risk and agrees with the Commission that open access to clearing by market participants is a fundamental element of Dodd-Frank. We further agree that a principal goal should be to establish a clearing paradigm where, at the time of execution of a trade, as much certainty as possible that the trade will be accepted for clearing is provided to transacting parties.

Budget Statement To The House Of Commons Delivered By The RT Hon George Osborne MP, UK. Chancellor Of The Exchequer, Wednesday 21 March 2012

Date 21/03/2012

The Chancellor of the Exchequer, George Osborne, today announced his Budget which maintains the Government’s strategy to reduce the deficit, announces far-reaching tax reforms, and support for growth and to reward work. It sets out the actions the Government will take in three areas - creating a stable economy, a fairer, more efficient and simpler tax system, and further reforms to support growth.

Testimony Concerning Indemnification Of Security-Based Swap Data Repositories - By Ethiopis Tafara Director, Office Of International Affairs, U.S. Securities And Exchange Commission, Before The Subcommittee On Capital Markets And Government Sponsored Enterprises, United States House Of Representatives

Date 21/03/2012

Chairman Garrett, Ranking Member Waters, and members of the Subcommittee:

My name is Ethiopis Tafara, and I am the Director of the Office of International Affairs at the Securities and Exchange Commission. Thank you for the opportunity to testify on behalf of the Securities and Exchange Commission on the topic of indemnification of security-based swap data repositories.

BBA Statement On UK Budget 2012

Date 21/03/2012

BBA chief executive Angela Knight said:

“This was a Budget for business: it was about making it more attractive for businesses to do business here in the UK. It was also about giving businesses the confidence to invest in their futures and giving their customers the confidence to spend again. Crucially it underlines the fact that bank finance continues to be available for viable businesses.

Testimony Of CFTC General Counsel Dan M. Berkovitz, Hearing On H.R. - The Swap Data And Clearinghouse Indemnification Correction Act Of 2012 Before The Subcommittee On Capital Markets And Government Sponsored Enterprises, Committee On Financial Services, United States House Of Representatives

Date 21/03/2012

Good morning Chairman Garrett, Ranking Member Waters, and members of the Subcommittee. I am Dan Berkovitz, the General Counsel at the Commodity Futures Trading Commission. Thank you for the opportunity to testify today regarding draft legislation titled the Swap Data and Clearinghouse Indemnification Correction Act of 2012.

Instinet And J.P. Morgan Sign Reciprocal Liquidity Agreement In Asia

Date 21/03/2012

Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced a reciprocal liquidity agreement between its Asia-Pacific broker-dealer units and J.P. Morgan, broadening the Asian liquidity access opportunities available to each firms’ institutional clients.