News Centre

BM&FBOVESPA: Provision Of Services To Other Financial Market Infrastructures

Date 12/05/2017

According to the External Communication available below, BM&FBOVESPA has submitted to public consultation, for comments and review by its participants and other interested parties, the rules, operating procedures and commercial conditions that will govern the access by other financial market infrastructures to the following services:

• clearing and settlement, in the capacity as central counterparty, of transactions in the cash equity market related to trades originated in other FMI (CCP Services); and 
• central depository, in relation to equity securities that are cleared and settled through other FMI (CSD Services).

SEC Names Lucas Moskowitz Chief Of Staff

Date 11/05/2017

The Securities and Exchange Commission today announced that Lucas Moskowitz has been named the agency’s chief of staff. 

SEC: Law Firm Partner And Neighbor Charged In $1 Million Insider Trading Scheme

Date 11/05/2017

The Securities and Exchange Commission today charged a former partner at an international law firm and his neighbor with making more than $1 million in illicit profits by insider trading around corporate announcements.

New York State Department Of Financial Services Superintendent Vullo Announces Enhanced Participation In State-Based NMLS Platform To Further Develop Regulation Of The Financial Services Industry

Date 11/05/2017

Financial Services Superintendent Maria T. Vullo today announced that, starting July 1, 2017, the Department of Financial Services (DFS) will be transitioning to the Nationwide Multistate Licensing System and Registry (NMLS) to manage the license application and ongoing regulation of all nondepository financial institutions doing business in New York.  NMLS was created by the State Conference of Bank Supervisors (CSBS) and began operations in January 2008.  DFS strongly supports CSBS efforts such as Vision 2020 and currently employs NMLS to manage and regulate mortgage providers licensed in New York.  This usage will be expanded, in stages, to all nondepository insitutions, commencing with money transmitters.

FINRA Board Approves Proposals To Strengthen Controls On High-Risk Brokers - Next Step In An Ongoing Program To Protect Investors

Date 11/05/2017

The Financial Industry Regulatory Authority (FINRA) Board of Governors approved the next step in FINRA's ongoing initiative to strengthen controls on brokers with a history of significant past misconduct and to ensure greater accountability for firms that choose to employ high-risk brokers.

SIFMA Municipal Division Recognized By The Municipal Forum Of New York

Date 11/05/2017

In conjunction with the 25th anniversary of the Urban Leadership Fellows (ULF) Program, The Municipal Forum of New York gave special recognition to Michael Decker, managing director, and Leslie Norwood, managing director and associate general counsel, for their many contributions to the municipal market as well as their active support and collaboration on the ULF Program.  Decker and Norwood are the co-heads of SIFMA’s Municipal Securities Division and were honored at The Municipal Forum of New York’s annual dinner last night in New York City. 

European Commission - Speech By Michel Barnier At The Joint Houses Of The Oireachtas (Houses Of Parliament Of Ireland), Dublin, Dublin, 11 May 2017

Date 11/05/2017

I am happy and honoured to address both Houses and to greet you, as the representatives of the people of Ireland, in all your political diversity.

I take this honour as a responsibility.

The responsibility to listen to all those who will be affected by the decision of the UK to leave the European Union.

The responsibility to listen to your concerns, build our positions together, negotiate in our common interest.

Readout From A Treasury Spokesperson On Secretary Mnuchin’s Meeting With Italian Minister Of Economy And Finance Pier Carlo Padoan

Date 11/05/2017

Earlier today, U.S. Treasury Secretary Steven T. Mnuchin met with Minister of Economy and Finance Pier Carlo Padoan of Italy. Secretary Mnuchin and Minister Padoan reviewed recent economic developments in the Italian, European and global economies. The Secretary congratulated Minister Padoan on Italy's successful presidency of the G-7. Secretary Mnuchin underscored the importance of working together to address the threats posed by North Korea and Iran. They also affirmed the importance of jointly working to combat threats to the global economy posed by cybersecurity concerns and the financing of illicit activities.

Federal Open Market Committee Announces Its Tentative Meeting Schedule For 2018

Date 11/05/2017

The Federal Open Market Committee on Thursday announced its tentative meeting schedule for 2018:

Competition And Innovation In Financial Services: The Regulator’s Perspective - Speech By Christopher Woolard, Executive Director Of Strategy And Competition At The FCA, Delivered At Cheung Kong Graduate School Of Business

Date 11/05/2017

Highlights:

• Competition is central to the effective running of financial markets. It drives innovations that consumers want and ensures value for money.  
• The FCA intervenes where competition can’t perform its vital function and there’s a risk of consumer harm.
• The FCA’s Project Innovate positively fosters innovation that focuses on offering better outcomes for consumers.