News Centre

SEC: General Motors Charged With Accounting Control Failures

Date 18/01/2017

The Securities and Exchange Commission today announced that General Motors has agreed to pay a $1 million penalty to settle charges that deficient internal accounting controls prevented the company from properly assessing the potential impact on its financial statements of a defective ignition switch found in some vehicles.

Keynote Remarks Of CFTC Chairman Timothy Massad At SEFCON VII

Date 18/01/2017

Thank you for that warm introduction. It’s great to be back at SEFCON.

What a difference elections can make.

Eight years ago on this day I was taking the train to Washington to attend the inauguration of President Obama. Think back for a moment to where we were at that time. Our financial system was teetering on the brink of collapse. Unemployment was at 10 percent and the Dow Jones was at 8,500. We’ve come a long way since then.

SIX x-clear Further Extends Clearing Services To Nasdaq Nordic Markets

Date 18/01/2017

SIX x-clear Ltd – the clearing arm of SIX Securities Services – is now able to provide clearing services for the Nasdaq Nordic cash equity markets (including ETFs). From 20th February, 2017, SIX x-clear offers an enhanced and interoperable clearing solution for Denmark, Finland and Sweden.

BME: MARF Admits To Trading A New Comercial Paper Programme By AUDAX

Date 18/01/2017

The Mercado Alternativo de Renta Fija (MARF) has registered a Commercial Paper Programme by Audax Energía with a maximum amount of €50 million, which will allow the company to push forward with its process of growth and diversification of its short-term sources of financing, following the issue of a 5-year bond for €21 million in 2014 through MARF.

SEC: Medical Device Company Charged With Accounting Failures And FCPA Violations

Date 18/01/2017

The Securities and Exchange Commission today announced that Texas-based medical device company Orthofix International has agreed to admit wrongdoing and pay more than $14 million to settle charges that it improperly booked revenue in certain instances and made improper payments to doctors at government-owned hospitals in Brazil in order to increase sales.

MGEX Reports 3rd-Best Daily Volume Record

Date 18/01/2017

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), continued its streak of high daily volume on Tuesday by reporting its 3rd-best daily volume of all time, with 24,457 contracts traded.

EBA And ESMA Call To Clarify Margin Requirements Between CRR And EMIR

Date 18/01/2017

The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published today their joint report on the functioning of the Capital Requirements Regulation (EU) No 575/2013 (CRR) with the European Market Infrastructure Regulation (EU) No 648/2012 (EMIR).

TOCOM Recognized As “Third-Country Market” By EC

Date 18/01/2017

The Tokyo Commodity Exchange announced today the recognition by the European Commission (EC) as a “third-country market”. This is in accordance with the European Markets Infrastructure Regulation (EMIR), published in the December 16, 2016 edition of the Official Journal of the European Union. Seven other regulated exchanges of Japan also received this recognition, including: the Tokyo Stock Exchange, the Osaka Exchange, the Nagoya Stock Exchange, the Fukuoka Exchange, the Sapporo Stock Exchange, the Tokyo Financial Exchange and the Osaka Dojima Commodity Exchange.

ENISA Report On Blockchain Technology And Security

Date 18/01/2017

Blockchain is a distributed ledger which maintains all transactions and assets and is updated by a number of counterparties. Financial institutions are investing in the technology - in what is hoped - to automate processes and remove “human” errors. This may help towards lowering transactional and operational costs by releasing the finance sector from its legacy systems.

Israel Issues Largest Ever Euro Bond Offering On London Stock Exchange

Date 18/01/2017

• Israel’s €2.25 billion 10 & 20 year government bonds start trading on London Stock Exchange today
• First non-European sovereign to issue a euro-denominated bond in 20 year tenor
• Euro-denominated debt listing is the first for Israel in three years
• Investor demand surges for the offer, reaching more than €9.5 billion and four times oversubscribed
• Demonstrates vote of confidence in Israel’s economy
• Reinforces London’s status as a leading global financial centre