News Centre

SEC: Ernst & Young To Pay $11.8 Million For Audit Failures

Date 18/10/2016

The Securities and Exchange Commission today announced that Ernst & Young LLP has agreed to pay more than $11.8 million to settle charges related to failed audits of an oil services company that used deceptive income tax accounting to inflate earnings.

Nigerian Stock Exchange Market Data Workshop 2016, Address By Mr. Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange, 18 October, 2016

Date 18/10/2016

Good morning distinguished ladies and gentlemen:

It is with great pleasure and sense of pride that I welcome you to the first ever market data workshop, hosted by the Nigerian Stock Exchange (NSE or The Exchange) and perhaps the first in Nigeria.  I want to thank you all for taking time out of your busy schedules to be here and share this experience with us.  When I came up with the idea late last year, the heavy lifting was left to my team to do.  I would like to take this opportunity to thank my extraordinary team for putting together this event, in particular, Mr. Ade Bajomo, the Executive Director, Market Operations and Technology at the NSE, for driving it to fruition.  Let me also thank our esteemed sponsors, Bloomberg, Infoware, Global Trybe Solutions, ARM, Samsung, Zanibal, Wapic Insurance and Ntel for helping to make this workshop a reality.

Studies Illuminate The History Of The Office Of The Comptroller Of The Currency, The Federal Banking System, And Bank Supervision

Date 18/10/2016

The international publisher, Routledge, today released Banking Modern America: Studies in Regulatory History, a collection of essays providing unique perspective on the history of the Office of the Comptroller of the Currency (OCC), the federal banking system, and bank supervision.

Luxembourg Stock Exchange Introduces Blockchain Into Reporting Service

Date 18/10/2016

Decentralised public blockchain Ethereum will provide “digital signature” on all documents publicly disclosed by issuers; new functionality will enhance security for issuers and transparency of LuxSE’s certification service.

Symbiont Releases Its Enterprise-Ready Distributed Ledger

Date 18/10/2016

Symbiont today announced the release of a software development kit for Assembly, the permissioned distributed ledger component of Symbiont’s smart contracts system. Assembly is the first distributed ledger appropriate for use in institutional finance. It is a highly secure, high performance Byzantine fault-tolerant distributed ledger, able to process a sustained 80,000 transactions per second in a regional multi-node network. This result corresponds to the maximum performance measured in academic studies of the consensus protocol used by Assembly.

OCC Comments On Essential Aspects Of CCP Resolution Planning

Date 18/10/2016

On October 17 OCC provided comments to the Financial Stability Board (FSB) on the issue of essential aspects of CCP resolution planning. OCC supports the work being done regarding CCP resiliency and recovery, but reiterated its concern that in providing guidance regarding resolution, the FSB and other policymakers should not prevent a CCP like OCC from fully implementing its recovery plan and should avoid suggesting steps or processes that undermine the CCP recovery process. OCC said that it is very important in planning for CCP resolution that policymakers focus on resolution planning that promotes market certainty while giving resolution authorities and CCPs the flexibility to deal with actual events as they occur. 

World Federation Of Exchanges publishes Response To CPMI-IOSCO Consultative Report On CCP Resilience & Recovery

Date 18/10/2016

The World Federation of Exchanges (“WFE”), which represents more than 200 market infrastructure providers including exchanges and CCPs, today published its response to the CPMI-IOSCO Consultative Report: Resilience and Recovery of Central Counterparties (CCPs) – Further Guidance on the Principles for Financial Market Infrastructure (PFMI).

CBL Markets And MGEX See First Trade For California Spot Market

Date 18/10/2016

CBL Markets, an exchange operator for environmental commodity markets, and the Minneapolis Grain Exchange, Inc. (MGEX), a Designated Contract Market and Derivatives Clearing Organization registered with the U.S. Commodity Futures Trading Commission, today announced the first trade on the California Carbon Allowance (CCA) spot contract.  

AMP Activates The Technancial Company AND CQG’S Hosted Real Time Risk Manager, To Manage Risk

Date 18/10/2016

The Technancial Company (TTC) in conjunction with CQG and AMP Global Clearing announced today that AMP Global Clearing will utilise TTC’s JANUS™ Risk Manager platform (JRM) hosted by CQG to enhance their client services with real time risk monitoring.

U.S. Corporate Debt Issuance Poised To Surge, CUSIP Data Shows - Requests For New Corporate Debt CUSIPs Hit 2016 High In September, Muni Volume Edges Lower

Date 18/10/2016

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for September 2016. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, found a 14-month high in corporate debt volume in the month of September. Municipal bond activity, which had been steadily increasing for several months, edged lower during the month.