News Centre

Barclays Board Changes - Resignation Of Chairman, Marcus Agius

Date 02/07/2012

Barclays today announces the resignation of its Chairman, Marcus Agius. The search for a successor both from within the existing Board members and from outside will be led by Sir John Sunderland and will commence today. Mr Agius will remain in post until an orderly succession is assured and Sir Michael Rake has been appointed Deputy Chairman.

DIFC Authority Publishes Its First Annual Review

Date 02/07/2012

The Dubai International Financial Centre (“DIFC”), the financial and business hub connecting the region’s emerging markets with the markets of Asia, Europe and the Americas, today announced it has published its first Annual Review for DIFC Authority.

ASIC - New Zealand's Financial Markets Authority: Trans-Tasman Mutual Recognition Of Financial Advisers Announced

Date 02/07/2012

ASIC and New Zealand’s Financial Markets Authority (FMA) have today announced mutual recognition arrangements for Australian and New Zealand financial advisers.

Tokyo Commodity Exchange: Final Settlement Price Of Crude Oil For June 2012 Contract

Date 02/07/2012

Final settlement price of Middle East Crude Oil for June 2012 contract is 47,110 yen.

MiFID II Pre-Trade Transparency Proposals On The Fixed-Income Market Will Impact Liquidity, Trading Costs And Ability To Raise Capital, Says TABB Group Study - Sees Potential Unintended Consequences For The Fixed-Income Markets, Its Investors, Corporations, Governments And European Economy

Date 01/07/2012

With an important vote looming in the European Parliament’s Economic and Monetary Affairs Committee on MiFID II on July 9, TABB Group believes that current proposals to reform pricing practices in the fixed-income market will seriously undermine trading firms’ ability to provide liquidity, increase trading costs for investors and make it more difficult and expensive for governments and companies to raise capital.

SIFMA Cautions On CFTC Cross-Border Guidance

Date 29/06/2012

SIFMA today released the following statement from President and CEO Tim Ryan in response to proposed guidance issued by the Commodity Futures Trading Commission (CFTC) that addresses cross-border treatment of derivatives rules under the Dodd-Frank Act.

CFTC Approves Phased Compliance Proposal For Certain Swap Regulations

Date 29/06/2012

The Commodity Futures Trading Commission (Commission) today voted to propose a phased compliance program regarding certain swaps to non-U.S. swap dealers, non-U.S. major swap participants, U.S. swap dealers, U.S. major swap participants, and foreign branches of U.S. swap dealers and U.S. major swap participants. In order to ensure an orderly transition to the Dodd-Frank Act the Commission released for public comment a phased compliance regarding certain entity-level requirements (Entity-Level Requirements) and transaction-level requirements (Transaction-Level Requirements) subject in each case to specified conditions. The vote was conducted via a seriatim vote of the commission and was passed by a vote of 5 to 0. The Comment period is open for 30 days after the publication in the Federal Register.

BATS 1000 Index Rebounds By 2.4% This Week

Date 29/06/2012

BATS Global Markets, a leading operator of securities markets in the U.S. and Europe, reports the BATS 1000® Index (Ticker: BATSK) rose 359.68 points, or 2.4%, this week to close at 15,305.28 as of 4 p.m. ET today.

Statement Of Concurrence: (1) Cross-Border Application Of Certain Swaps Provisions Of The Commodity Exchange Act, Proposed Interpretive Guidance And Policy Statement; (2) Notice Of Proposed Exemptive Order And Request For Comment Regarding Compliance With Certain Swap Regulations - CFTC Commissioner Jill E. Sommers

Date 29/06/2012

Over a year ago, the Commission finally acknowledged that we needed to address the growing uncertainty brewing among swap market participants who were trying to decipher the extraterritorial reach of the Dodd-Frank Act. We held a two-day roundtable last August and have received numerous comments since then from market participants and other regulators asking us to consider a global approach to the regulation of these global markets. We were encouraged to coordinate with our foreign and domestic partners and urged not to implement our regulatory approach in a silo.

ISDA-SIFMA Response To CFTC Proposed Rulemaking - Aggregation, Position Limits For Futures And Swaps

Date 29/06/2012

The International Swaps and Derivatives Association, Inc. (“ISDA”) and the Securities Industry and Financial Markets Association (“SIFMA”) appreciate the opportunity to provide the Commodity Futures Trading Commission (“Commission”) with comments and recommendations regarding the Commission’s Notice of Proposed Rulemaking on Aggregation, Position Limits for Futures and Swaps (the “Proposed Aggregation Rule” or “Aggregation Notice”).