News Centre

FINRA Releases New Guidance On Credit For Extraordinary Cooperation

Date 11/07/2019

FINRA today announced that it has released new guidance regarding credit for extraordinary cooperation in investigations. Regulatory Notice 19-23 supplements prior FINRA guidance, providing additional information about “extraordinary cooperation” respondents can provide to substantially assist FINRA in meeting its goals of investor protection and market integrity. To recognize and incentivize firms and individuals to take proactive and voluntary steps beyond those required under FINRA rules, FINRA Enforcement credits extraordinary cooperation so that the outcome of the matter is materially different than it would have been absent the respondent’s extraordinary conduct. The Notice also restates and supplements prior guidance.

Supporting Statement Of CFTC Commissioner Dan M. Berkovitz On The Proposed Regulation For Registration With Alternative Compliance For Non-U.S. Derivatives Clearing Organizations

Date 11/07/2019

I support issuing for public comment the proposed rulemaking (“Proposal”) to permit registration with alternative compliance for non-U.S. derivatives clearing organizations (“non-U.S. DCOs”).

Nadex Product Schedule For The Japan Holiday On July 15, 2019

Date 11/07/2019

Due to the Japan holiday on Monday, July 15, 2019, no Japan 225 contracts will be offered on trade date July 15, 2019.  All other contracts will open and close at their regular times.  Please refer to the Holiday Product Schedule Guidelines for specific product trading hours. 

Dissenting Statement Of CFTC Commissioner Dan M. Berkovitz On The Supplemental Proposal For Exemption From Derivatives Clearing Organization Registration

Date 11/07/2019

I dissent from the proposal to exempt certain foreign clearinghouses from the derivatives clearing organization (“DCO”) registration requirements.  The proposal would jeopardize U.S. customers, create systemic risks to the U.S. financial system, promote the use of foreign intermediaries at the expense of U.S. firms, and exceed this agency’s limited exemptive authority.[1]

EEX Publishes Revised 2019 Auction Calendar As Well As 2020 Auction Calendar For Emission

Date 11/07/2019

The European Energy Exchange (EEX) has published the revised 2019 calendar as well as the new 2020 auction calendar for the auctioning of EU emission allowances (EUA) in coordination with the European Commission, the EU Member States and the EEA EFTA states auctioning on the common auction platform (CAP2) as well as with the German and Polish competent authorities.

Opening Statement Of CFTC Commissioner Brian Quintenz Before The Open Commission Meeting On July 11, 2019

Date 11/07/2019

• Open Meeting on Proposed Rule on Registration with Alternative Compliance for Non-U.S. Derivatives Clearing Organizations and Supplemental Proposal on Exemption from Derivatives Clearing Organization Registration

Account Of The Monetary Policy Meeting - Of The Governing Council Of The European Central Bank, Held In Vilnius On Wednesday And Thursday, 5-6 June 2019

Date 11/07/2019

1. Review of financial, economic and monetary developments and policy options

Financial market developments

Mr Cœuré reviewed the latest financial market developments.

Since the Governing Council’s previous monetary policy meeting on 9-10 April 2019, US trade negotiations with both China and Mexico had progressively deteriorated, negatively impacting global equity markets and pushing equity risk premia higher. Bond yields had declined to multi-year lows. In foreign exchange markets, the euro and the US dollar had appreciated in nominal effective terms, reflecting mainly the weakness in emerging market currencies and, in particular, the Chinese renminbi. At the same time, the euro had continued its gradual depreciation against the US dollar, a trend observed since the start of 2018 that likely related to changes in the relative growth outlook.

UK Financial Conduct Authority: Richard Baldwin Conviction For Money Laundering Revealed After Reporting Restrictions Lifted

Date 11/07/2019

Richard Baldwin was convicted of dealing in criminal property between October 2007 and November 2008. The criminal property laundered was 1.5 million representing the proceeds of a conspiracy to insider deal by Martyn Dodgson and Andrew Hind. Mr Baldwin used off-shore companies, bank accounts and false invoices to effect his money laundering.

Opening Statement Of CFTC Chairman J. Christopher Giancarlo Before The Open Commission Meeting

Date 11/07/2019

Good morning.  This meeting will come to order.  This is a public meeting of the Commodity Futures Trading Commission (CFTC).

Let me welcome my fellow Commissioners, their staffs, agency staff, and interested members of the public.  Thank you for your engagement in this important process.

Eurex: Equity Index Highlights - July 2019 edition

Date 11/07/2019