News Centre

What A Difference A Decade Makes - Speech By Mark Carney, Governor Of The Bank Of England, Chair Of The Financial Stability Board

Date 21/04/2017

It’s a pleasure to be back at the IIF’s Washington Policy Summit.

Last time I spoke here (in 2011) it was still early in the international financial reform process. From the IIF’s perspective at the time, there were three major concerns:

• The consistency of implementation across the G20; 
• The possibility of significant regulatory arbitrage in shadow banking; and 
• Whether the FSB/G20’s ambitious agenda would impair the recovery.

Ontario Securities Commission Publishes Updated Rules Of Procedure And Practice Guideline For Comment

Date 21/04/2017

The Ontario Securities Commission (OSC) today published for comment proposed Rules of Procedure and Forms and a Practice Guideline for Commission proceedings.

KCG Announces First Quarter 2017 Results - KCG Accepts Proposal From Virtu Financial, Inc. To Acquire - All Outstanding Shares Of KCG's Class A Common Stock For $20 Per Share - A 46 Percent Premium To Unaffected Price - KCG Announces Consolidated Earnings Of $0.05 Per Diluted Share For The First Quarter Of 2017

Date 21/04/2017

KCG Holdings, Inc. (NYSE: KCG) today announced that it has reached a definitive agreement for Virtu Financial, Inc. (NASDAQ: VIRT) to acquire all outstanding shares of KCG's Class A Common Stock for $20.00 per share in cash. The price represents a premium of 46 percent over KCG's closing share price of $13.73 on March 14, 2017, prior to news reports of the proposal.

Intergovernmental Group Of Twenty-Four On International Monetary Affairs And Development

Date 21/04/2017

1. We held our ninety-seventh meeting in Washington D.C. on April 20, 2017 with Abraham Tekeste, Minister of Finance and Economic Cooperation of Ethiopia in the Chair, Ravi Karunanayake, Minister of Finance of Sri Lanka as First Vice-Chair; and Julio Velarde, Governor of the Central Bank of Peru as Second Vice-Chair.

Call For Candidates - Autorité Des Marchés Financiers Creates Investment Products Advisory Committee

Date 20/04/2017

The Autorité des marchés financiers (the "AMF") is calling for candidates to serve on an advisory committee on investment products, primarily mutual funds, exchange-traded funds, non-redeemable investment funds and individual segregated funds.

Readout From A Treasury Spokesperson On Secretary Mnuchin’s Meetings With Mexican Central Bank Governor Augustin Carstens

Date 20/04/2017

U.S. Treasury Secretary Steven T. Mnuchin met with Central Bank Governor Augustin Carstens of Mexico.  Secretary Mnuchin and Governor Carstens discussed the importance of working together on common objectives for the IMF and the G-20. The Secretary underscored the closeness of the bilateral relationship and working together on a thriving commercial relationship. Secretary Mnuchin and Governor Carstens highlighted the close partnership between Treasury and Banxico in countering illicit finance and importance of increased cooperation to disrupt criminal activity.

Federal Reserve Announces Two Enforcement Actions Against Deutsche Bank AG That Will Require Bank To Pay A Combined $156.6 Million In Civil Money Penalties

Date 20/04/2017

The Federal Reserve on Thursday announced two enforcement actions against Deutsche Bank AG that will require the bank to pay a combined $156.6 million in civil money penalties. The bank will pay a $136.9 million fine for unsafe and unsound practices in the foreign exchange (FX) markets, as well as a $19.7 million fine for failure to maintain an adequate Volcker rule compliance program prior to March 30, 2016.

Bloomberg And Bats Europe Announce Joint Initiative On MIFID II Reporting - Firms Will Benefit From Interconnection Of APA Services

Date 20/04/2017

Bloomberg and Bats Europe have today announced they plan to provide Bloomberg customers with the ability to use their respective Approved Publication Arrangements (APA)1 to fulfil MiFID II transparency reporting requirements.

CFTC Charges Purported Hedge Fund Capitol Equity FX LLC And California Residents Robert Leland Johnson IV And Marisa Elena Johnson With Fraud, Misappropriation, And Registration Violations

Date 20/04/2017

The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a civil enforcement action in the U.S. District Court for the Central District of California, Eastern Division, against Capitol Equity FX LLC (Capitol Equity), a purported hedge fund operating in California, and its principals and agents, Robert Leland Johnson IV and Marisa Elena Johnson, both of Chino, California (collectively, Defendants).

ESMA Discusses Market-Based Finance In Latest Banque De France Financial Stability Review

Date 20/04/2017

The European Securities and Markets Authority (ESMA) discusses market-based finance in Europe in an article published in the Banque de France's latest Financial Stability Review No. 21.