News Centre

MAPLE And TMX Group Provide Regulatory Update - OSC Has Approved Final Recognition Orders For Maple Transaction - AMF Intends To Issue Final Recognition Order For CDS

Date 04/07/2012

Maple Group Acquisition Corporation ("Maple") and TMX Group Inc. (“TMX Group”) (TSX:X) today announced that they have been advised   that   the Ontario Securities Commission(“OSC”) has approved final recognition orders with respect to Maple’s proposed acquisition of TMX Group,Alpha Trading Systems Inc. and Alpha Trading Limited Partnership (collectively, “Alpha”) and The Canadian Depository for Securities Limited (“CDS”).  It is expected that these recognition orders will be published by the OSC later today.  These orders provide the terms under which the OSC will permit Maple to operate a combined exchange and clearing group. Maple and the Maple investors are in agreement with the expected final forms of these orders applicable to them.

Council Of European Union Adopts Rules On Derivatives

Date 04/07/2012

The Council today adopted a regulation aimed at increasing transparency in derivatives and reducing risk in the over-the-counter (OTC) derivatives market (PE-CONS 8/12).

European Parliament: Eurozone Crisis: Not Just Roadmaps But Legislation Needed By September

Date 04/07/2012

The latest European Council conclusions go in the right direction in tackling the Eurozone crisis but the situation is so urgent that the Commission must table legislation by September in order to implement the four concepts in the Van Rompuy policy paper rapidly, says the EP in a resolution passed on Wednesday setting out its formal response to last week's summit.

SGX Derivatives, Commodities, Clearing Volumes Up

Date 04/07/2012

Singapore Exchange (SGX) today said derivatives, commodities and clearing activities grew in June from a year earlier while securities turnover was lower.

Swiss Federal Supreme Court Confirmed Heads Of SIX Swiss Exchange Board Of Arbitration For A Further Term Of Office

Date 04/07/2012

The Swiss Federal Supreme Court has confirmed the previous heads ofthe Board of Arbitration of the SIX Swiss Exchange for a further four-year term of office.

KDPW And KDPW_CCP: Insurance Against Financial Consequences Of Operational Risks

Date 04/07/2012

The National Depository for Securities (KDPW S.A.) and Chartis Europe S.A. have signed a PLN 100 million insurance agreement. The agreement is effective until 30 June 2013. The agreement provides insurance coverage against operational risks of the core and auxiliary business of the securities depository KDPW S.A. and the clearing house KDPW_CCP S.A. 

IOSCO Organizes Round Table Discussion On Securitization

Date 04/07/2012

The International Organization of Securities Commissions has held a round-table discussion on issues arising from its work on securitization, in the context of its work on shadow banking and as part of the ongoing effort to facilitate the sustained recovery of sound securitization markets globally.

Deputy Governor Bank Of England Paul Tucker Requests Treasury Select Committee Hearing

Date 04/07/2012

Paul Tucker has made a request to attend a hearing with the Treasury Select Committee as soon as possible following the publication of settlement agreements by Barclays with the Financial Services Authority, the US Commodity Futures Trading Commission and The United States Department of Justice in relation to the attempted manipulation of LIBOR and EURIBOR. Mr Tucker is keen to give evidence to the Committee in order to clarify the position with regard to the events involving the Bank of England, including the telephone conversation with Bob Diamond on 29 October 2008.

Press Conference By Tadahiro Matsushita, Japan's Minister For Financial Services - Insider Trading - SMBC Nikko Securities

Date 04/07/2012

[Questions & Answers]

Q.

Yesterday, an executive officer of SMBC Nikko Securities Inc. was arrested on charges of engaging in insider trading in violation of the Financial Instruments and Exchange Act. Although criminal investigation had already been launched in this case, could you comment on it once again following the arrest?

A.

This case is very regrettable. It is just three weeks since I took office as the minister for financial services. Over this period, this case has continuously been mentioned, whether in the Diet or at press conferences. I am very interested in the background to this case. I feel great regret at a corporate governance problem like this, in which sensitive information held by a select group of people is used to generate illegal profits.

NYSE Euronext And Tradingscreen Join Forces To Give Institutional Investors Access To The European Central Order Book (ECOB) - New Concept Aggregates Orderbook Data For Bond Markets Meeting Cassiopeia Criteria

Date 04/07/2012

NYSE Euronext (NYX) and TradingScreen today announced a partnership to give institutional investors easier access to corporate bond markets that meet the criteria defined by the Cassiopeia Committee in April 2010. NYSE BondMatch is one such market.