News Centre

BISX Q3 Statistical Report 2018

Date 19/11/2018

BISX ALL SHARE INDEX

For the nine-month period ending September 28, 2018 the BISX All-Share Index closed at 1,964.04 this represented a year to date decrease of 99.53 or 4.82%. By comparison for the nine-month period ending September 29, 2017 the BISX All-Share Index closed at 1,865.88 this represented a year to date decrease of 72.33 or 3.73%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

CFTC Approves A Final Rule To Amend Uncleared Swap Margin Requirements

Date 19/11/2018

The Commodity Futures Trading Commission (CFTC) announced today that it has approved a final rule to amend its uncleared swap margin requirements (CFTC Margin Rule) to better align with certain rules (QFC Rules) adopted by the Board of Governors of the Federal Reserve System (FRS), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) that impose restrictions on certain qualified financial contracts.

Kurt Gottschall Named SEC Director Of Denver Office

Date 19/11/2018

The Securities and Exchange Commission today announced that Kurt L. Gottschall has been named Director of the Denver Regional Office.

CFTC Vacates SEF Registration Upon Request Of GTX SEF, LLC

Date 19/11/2018

The Commodity Futures Trading Commission (CFTC) announced today that it issued an order vacating the swap execution facility (SEF) registration of GTX SEF, LLC (GTX SEF).  The order was issued at the request of GTX SEF.  The CFTC granted GTX SEF registration as a SEF on May 26, 2016.

New York State Department Of Financial Services Fines Société Générale Sa And Its New York Branch $420 Million For Violations Of Laws Governing Economic Sanctions And Violations Of New York Anti-Money Laundering And Recordkeeping Laws - Bank Fined $325 Million For Executing Billions Of Dollars In Illegal And Non-Transparent Transactions To Iran, Sudan, Cuba And Libya From 2003 To 2013 - Additionally, Bank To Pay $95 Million For Anti-Money Laundering Laws And Compliance Deficiencies - Bank Must Take Corrective Actions To Improve Oversight And Compliance With Sanctions Laws, And Hire Independent Consultant To Evaluate Implementation Of Remedial Steps In New York Branch’s Operations

Date 19/11/2018

Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services (DFS) has entered into two consent orders with Société Générale SA and its New York branch under which the bank will pay fines totaling $420 million for violations of laws governing economic sanctions and New York anti-money laundering laws.  A DFS investigation found that the bank executed billions of dollars in illegal and non-transparent transactions to parties in countries subject to embargoes or otherwise sanctioned by the United States, including Iran, Sudan, Cuba and Libya, and its New York branch violated New York Anti-Money Laundering (AML) and recordkeeping laws in the New York branch’s operations.  In addition, the bank and the New York branch violated provisions of the banks’ 2009 agreement with DFS to implement and maintain an effective Bank Secrecy Act/Anti-Money Laundering Law (BSA/AML) compliance program and transaction monitoring system.  Société Générale will pay DFS $325 million for sanctions violations and $95 million for the BSA/AML violations.

CFTC Commitments Of Traders Reports Update

Date 19/11/2018

Due to the Federal holiday on Thursday, November 22, the weekly Commitments of Traders market report will be released on Monday, November 26 at 3:30pm.

Federal Reserve Board Fines Société Générale S.A. $81.3 Million For Firm's Unsafe And Unsound Practices Primarily Related To Violations Of U.S. Sanctions Against Cuba

Date 19/11/2018

The Federal Reserve Board on Monday announced it has fined Société Générale S.A. of Paris, France, $81.3 million for the firm's unsafe and unsound practices primarily related to violations of U.S. sanctions against Cuba.

European Union: General Affairs Council (Art.50) Highlights

Date 19/11/2018

Highlights of the the General Affairs Council (Art. 50), on 19 November 2018 in Brussels.

Bank Of England Guidance On Valuation Capabilities To Support Resolvability - Letter To CFOs

Date 19/11/2018

On the 19th November 2018, the Bank (as the UK’s resolution authority), sent a letter to CFOs of relevant firms regarding the Bank’s policy on valuation capabilities to support resolvability, published in June 2018.

CFTC Commissioner Dan Berkovitz Announces Staff Appointments

Date 19/11/2018

Commodity Futures Trading Commission (CFTC) Commissioner Dan Berkovitz announced that Erik Remmler will serve as Chief of Staff and Lucy Hynes will serve as Special Counsel.