News Centre

SEC And NASAA Explain Application Of Securities Laws to Opportunity Zone Investments

Date 15/07/2019

The Securities and Exchange Commission and the North American Securities Administrators Association (NASAA) have issued a summary that explains the application of the federal and state securities laws to opportunity zone investments. The "opportunity zone" program was established by the Tax Cuts and Jobs Act in December 2017 to provide tax incentives for long-term investing in designated economically distressed communities.

CME Group Congratulates CFTC Chairman Heath Tarbert

Date 15/07/2019

CME Group today released the following statement on the swearing in of Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert:

"CME Group congratulates Dr. Tarbert as he is sworn in today as CFTC Chairman, following his strong bipartisan confirmation last month. His experience and accomplishments in the international arena in his role as Acting Under Secretary for International Affairs at the U.S. Department of the Treasury position him extraordinarily well to lead the agency. We look forward to working with the new Chairman and Commissioners Behnam, Berkovitz, Quintenz and Stump to address cross-border regulatory challenges and ensure the continued growth and integrity of U.S. derivatives markets."

Tarbert Begins Term As 14th CFTC Chairman, Chairman Tarbert: “Now Is the Time To Act.”

Date 15/07/2019

Dr. Heath P. Tarbert officially began his term today as the 14th Chairman of the U.S. Commodity Futures Trading Commission (CFTC), succeeding J. Christopher Giancarlo. 

Nomura To Pay Misled Bond Customers $25 Million To Settle SEC Charges

Date 15/07/2019

The Securities and Exchange Commission today instituted two related enforcement actions against Nomura Securities International Inc., which has agreed to repay approximately $25 million to customers for its failure to adequately supervise traders in mortgage-backed securities.   

ESMA Updates Its EMIR Q&A

Date 15/07/2019

The European Securities and Markets Authority (ESMA) has issued today an update of its Q&A on practical questions regarding the European Markets Infrastructure Regulation (EMIR).

FTSE Mondo Visione Exchanges Index Up 10.7% In Q2 2019, Up 4.3% In June, Up 15.3% Over 12 Months, Sets New Closing All-Time High

Date 15/07/2019

The FTSE Mondo Visione Exchanges Index gained 10.7 % (on a capital return basis) for the quarter ended June 30, 2019. Year-to-date, the Index has increased 15.6%.

LIBOR: Preparing For The End - Speech By Andrew Bailey, Chief Executive Of The FCA, At The Securities Industry And Financial Markets Association's (SIFMA) LIBOR Transition Briefing In New York, USA

Date 15/07/2019

Highlights

• Transition from LIBOR has made good progress across derivatives and securities markets, and transition in loan markets is a key next step.
• Andrew Bailey sets out the benefits to borrowers of the move to risk-free interest rate benchmarks – UK lenders will need to begin engaging with borrowers about lending based on these rates.
• We expect the LIBOR panels to dwindle or disappear after end-2021 – firms must be able to run their business without LIBOR from this date, and reduce the stock of ‘legacy’ LIBOR contracts.

ESMA Sets Out Expectations Regarding Application Of IAS 12

Date 15/07/2019

The European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, has published today a Public Statement on IAS 12 Income Taxes, setting out its expectations regarding the application of the requirements relating to the recognition, measurement and disclosure of deferred tax assets (DTAs) arising from unused tax losses in IFRS financial statements.

ETFGI Reports Assets Invested In The Global ETF And ETP Industry Reached A Record US$5.64 Trillion At The End Of June 2019

Date 15/07/2019

ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed Globally gathered net inflows of US$68.95 billion in June, bringing year-to-date net inflows to US$209.54 billion. Assets invested in the Global ETF/ETP industry have increased by 6.1%, from US$5.31 trillion at the end of May, to US$5.64 trillion setting a new record, according to ETFGI's June 2019 Global ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

CME Group Achieves Record Quarterly International Average Daily Volume Of 5.3 Million Contracts In Q2 2019 - Highest Quarterly ADV Records In Europe, Asia Pacific And Latin America

Date 15/07/2019

CME Group, the world's leading and most diverse derivatives marketplace, today announced that it achieved its highest quarterly international ADV on record, with 5.3 million contracts traded during the second quarter of 2019, up 25% year over year and surpassing the previous quarterly record of 4.9 million contracts traded in Q1 2018.  This record, reflecting all trading done outside North America, was driven mainly by growth of Interest Rate, Equity Index and Agricultural products.