News Centre

Financial Stability Board Reports To G20 Leaders On Progress In Implementing Financial Regulatory Reforms

Date 05/11/2011

The Chairman of the Financial Stability Board (FSB) reported to the G20 Leaders today atthe Cannes Summit on progress in the implementation of the G20 recommendations on financial regulatory reforms. Prior to the meeting the Chair set out in a letter a number of issues in this regard.

MF Global: Exchange Clearing House Liquidations Website Statement

Date 05/11/2011

Based on information received from the following exchanges and clearing houses, open trades and positions of MF Global UK Limited  (in special administration) have been liquidated, with effect from the corresponding date listed. Accordingly, all open trades and positions with clients of MF Global UK Limited (in special administration) relating to products traded on these exchanges and clearing houses have been closed with effect from the corresponding date listed, and notifications are being sent to those clients that are affected.

U.S. Clearing Houses Announce MF Global Bulk Transferee Confirmation Service

Date 05/11/2011

As part of the bulk transfer process for MF Global customer accounts and collateral held at U.S. derivatives clearinghouses, CME Clearing, ICE Clear US, The Clearing Corporation, KCBOT Clearing Corp., MGEX, NYSE Liffe US and The Options Clearing Corporation have coordinated to provide clients with further information on the status of their account transfers.

Transcript Of A Press Briefing With IMF Managing Director Christine Lagarde

Date 04/11/2011

MS. LAGARDE: Good afternoon. Bon jour. Hope you had a good time and enjoyed the weather.

What I thought I would do is give you just a quick snapshot of what is my takeaway from Cannes and then if you have questions that you'd like to ask me, if there are issues that you'd like clarification on or points that you want to underline, I'll be very happy to take a few questions and then the leave the floor and the podium to somebody else.

Bermuda Stock Exchange - Closed For Remembrance Day Public Holiday

Date 04/11/2011

The Bermuda Stock Exchange (BSX) advises that the Exchange will be closed on Friday, 11 November, 2011, in observance of the Remembrance Day Public Holiday. The BSX will re-open on Monday, 14 November, 2011.

Prime Minister Of Greece George A. Papandreou Survives Confidence Vote

Date 04/11/2011

The Prime Minister Of Greece, George A. Papandreou, has durvived a confidence vote in the Greek Parliament.

BATS 1000 Index Falls 2.2% This Week

Date 04/11/2011

BATS Global Markets, a global stock market operator, reports the BATS 1000^SM Index (Ticker: BATSK) declined 314.69 points, or 2.2%, this week to close at 14,312.72 as of 4 p.m. ET today. The S&P 500 Index was down 2.5% on the week.

GFMA Comments On Financial Stability Board’s Policy Measures To Address Systemically Important Financial Institutions

Date 04/11/2011

The Global Financial Markets Association (GFMA) today released the following statement from Tim Ryan, chief executive officer, in response to the release of the Financial Stability Board’s (FSB) Policy Measures to Address Systemically Important Financial Institutions, which includes a list of global systemically important financial institutions (G-SIFIs) and confirms a framework for a G-SIFI capital surcharge and cross-border resolution authority requirements.

CFTC Obtains Orders Against Patrick Rakotonanahary And His Company, Cyber Market Group LLC, For Defrauding Customers In A Multi-Million Dollar Foreign Currency Ponzi Scheme - Defendants Also Misappropriated Customer Funds In Hawaii And Elsewhere In The United States

Date 04/11/2011

The U.S. Commodity Futures Trading Commission (CFTC) today announced that the Honorable Susan Oki Mollway of the U.S District Court for the District of Hawaii entered a consent order of permanent injunction against Patrick Rakotonanahary, formerly of Punta Gorda, Fla. Judge Mollway also adopted the Findings and Recommendation for a Default Judgment issued by the Honorable Richard L. Puglisi, U.S. Magistrate Judge for the District of Hawaii, against Rakotonanahary’s company, Cyber Market Group LLC (Cyber).

CME Group Continues Transfer Of MF Global Customer Accounts

Date 04/11/2011

Today, CME Group continued to successfully transfer additional MF Global U.S. customer positions and CME Clearing-held collateral to other qualified clearing firms.  The remaining customer segregated positions are expected to be transferred by the end of the day, completing the total transfer of customer positions at CME Group exchanges in approximately 15,000 MF Global accounts and approximately $1.45 billion in associated clearing collateral, as approved by the Trustee and bankruptcy court.