News Centre

OCC Enhances Resilience With Regulatory Approval Of Recovery And Wind Down And Associated Recovery Tools By John Davidson, OCC President And Chief Operating Officer

Date 29/08/2018

On August 23, OCC, the world's largest equity derivatives clearing organization, received approval from the U.S. Securities and Exchange Commission of the company's proposed recovery tools and proposed recovery and orderly wind-down (RWD) plan. These are critical risk management tools designed to enable OCC to enhance its resiliency as a Systemically Important Financial Market Utility (SIFMU) and successfully manage extreme market disruptions in future financial crises

CFTC Swaps Report Update

Date 29/08/2018

CFTC's Weekly Swaps Report has been updated, and is now available.

Remarks On Capital Formation At The Nashville 36|86 Entrepreneurship Festival, SEC Chairman Jay Clayton

Date 29/08/2018

Thank you Charlie for that kind introduction. I am delighted to participate in the 36|86 Entrepreneurship Festival here in Nashville, Tennessee. I would like to speak for about 25 minutes about key capital formation initiatives at the SEC. After my remarks, I will be joined by Bill Hinman, the Director of the SEC’s Division of Corporation Finance, for a fireside chat that will be moderated by [Tennessee] Governor Bill Haslam. Thank you for joining us today, Governor Haslam.

Statement Of CFTC Commissioner Brian Quintenz On The Confirmation Of Dan Berkovitz And Dawn Stump As CFTC Commissioners

Date 29/08/2018

CFTC Commissioner Brian Quintenz issued the following statement regarding the Confirmation of Dan Berkovitz and Dawn Stump:

“I congratulate Dan Berkovitz and Dawn Stump on their U.S. Senate confirmations to be Commissioners at the Commodity Futures Trading Commission. I look forward to building on the working relationships I’ve had the privilege of developing with each over our many years in Washington.  Each will arrive at the CFTC with an unparalleled wealth of knowledge of and direct experience in the derivatives markets.  The culmination of a full commission, the first since 2014, is an important step towards completing the critical work mandated after the 2008 financial crisis and addressing the many important issues and emerging challenges ahead.”

2017-2018 IIROC Annual Report Details Progress On Strategic Plan, Enforcement Tools And Regulatory Activities

Date 29/08/2018

The Investment Industry Regulatory Organization of Canada (IIROC) today released its Annual Report for 2017-18, highlighting the national public interest regulator's progress in year two of its three-year Strategic Plan, the goal of which is to better protect investors and support healthy Canadian capital markets.

Statement Of CFTC Commissioner Rostin Behnam On The Confirmation Of Dawn Stump And Dan Berkovitz As CFTC Commissioners

Date 29/08/2018

CFTC Commissioner Rostin Behnam issued the following statement regarding the Confirmation of Dawn Stump and Dan Berkovitz:

“I am so pleased to have Dawn and Dan Berkovitz coming on board.  Both commissioners bring with them a wealth of knowledge that will be invaluable to our oversight of the American derivatives markets.  I look forward to collaborating with all of my fellow commissioners as we work to advance the Commission’s mission.”

CalPERS CEO Marcie Frost Names Michael Cohen New Chief Financial Officer

Date 29/08/2018

CalPERS today named Michael Cohen its new chief financial officer (CFO) to oversee all financial systems and risk programs of the $362 billion pension fund.

SIFMA Statement On Confirmation Of CFTC Commissioners

Date 29/08/2018

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the Senate confirmation of Commodity Futures Trading Commissioners Dawn Stump and Dan M. Berkovitz:

“We congratulate Dawn Stump and Dan Berkovitz on their Senate confirmation to the CFTC.  We look forward to working with them on issues of importance that will ensure our financial system continues to operate effectively to help stimulate the economy and promote job growth.”

CFTC Orders BNP Paribas To Pay $90 Million Penalty For Attempted Manipulation And False Reporting Of U.S. Dollar ISDAFIX Benchmark Swap Rates

Date 29/08/2018

The Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against BNP Paribas Securities Corp. (BNP Paribas or the Bank) for attempted manipulation of the ISDAFIX benchmark and requiring BNP Paribas to pay a $90 million civil monetary penalty.  BNP Paribas’ principal office is located in New York, New York.

BOX Exchange: Amendment To The Options Listing Procedures Plan

Date 29/08/2018

On August 15, 2018, BOX Exchange LLC (“BOX”) filed to amend its rules to conform to the recently approved changes to the Options Listed Procedures Plan (“OLPP”). Among other things, the rule filing: 

1. Changed the earliest date on which new January Long-term Equity Anticipation (“LEAP”) series on equity options, options on Exchange Traded Funds (“ETF”), or operations on Trust Issued Receipts (“TIR”) may be added to a single date in September (from three separate months);  
2. Allows equity, ETF and TIP option series to be added based on trading after regular hours on the primary underlying market.