News Centre

New York’s Landmark Anti-Terrorism Transaction Monitoring And Filtering Program Regulation Takes Effect - As Of January 1, 2017, Regulated Institutions Must Comply With The Necessary Rule To Combat Illegal Financial Transactions That May Fund Terrorist Activity

Date 05/01/2017

Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services’s (DFS) landmark risk-based anti-terrorism and anti-money laundering regulation is now in effect. As of January 1, 2017, regulated institutions must maintain programs to monitor and filter transactions for potential Bank Secrecy Act (BSA) and anti-money laundering (AML) violations and prevent transactions with sanctioned entities, and certify compliance with the regulation annually to DFS.

SEC: Public Statement - A U.S. Imperative: High-Quality, Globally Accepted Accounting Standards, SEC Chair Mary Jo White

Date 05/01/2017

The strength of the U.S. capital markets depends on investors knowing that they can rely on the financial information that is available to them when they make investment decisions.  High-quality accounting standards are the foundation upon which this reliance is built.  The Commission has an important responsibility to investors and our markets to ensure that the accounting standards reliably produce the information our markets demand.

MIAX Options Exchange: Approved Rule Change - CBOE Margin Rule

Date 05/01/2017

The Chicago Board Options Exchange (“CBOE”) has received approval to extend the Credit Option Margin Pilot Program through July 18, 2017 described in CBOE Rule 12.3, Margin Requirements. 

Thomson Reuters Full-Year And Fourth-Quarter 2016 Earnings Announcement And Webcast Scheduled For Thursday, February 9, 2017 - Conference Call And Webcast Scheduled For 8:30 A.M. EST

Date 05/01/2017

Thomson Reuters (NYSE, TSX: TRI), the world’s leading source of intelligent information for businesses and professionals, announced today that its full-year and fourth-quarter 2016 earnings will be issued via news release on Thursday, February 9, 2017.

ESMA: Methodology For Mandatory Peer Reviews In Relation To CCPs’ Authorisation And Supervision Under EMIR

Date 05/01/2017

Introduction

1. The European Regulation No 648/201 on OTC derivatives, central counterpartiesand trade repositories (EMIR) requires ESMA to undertake peer reviews analysingsupervisory activities of all competent authorities in relation to the authorisationand supervision of CCPs. Based on the experience of a first peer reviewundertaken in 2016 in the context of EMIR, ESMA’s Board of Supervisors decidedthat a Methodology for this new type of peer reviews to be conducted at leastannually should be prepared, building on the existing methodology.
2. Indeed, ESMA has a long experience in running peer reviews that are key tools forsupervisory convergence, as recognised under Article 30 of Regulation (EU) No1095/2010 (hereafter “ESMA Regulation”) mandating ESMA to periodicallyorganize and conduct peer reviews of some or all activities of national competentauthorities (“NCAs”) to further strengthen consistency in supervisory outcomes.The procedures for such peer reviews are laid down in the ESMA Review PanelMethodology (ESMA/2013/1709). 

Office Of The Comptroller Of The Currency Report Discusses Risks Facing National Banks And Federal Savings Associations

Date 05/01/2017

The Office of the Comptroller of the Currency (OCC) reported strategic, credit, operational, and compliance risks remain top concerns in its Semiannual Risk Perspective for Fall 2016, released today.

ESMA Seeks Corporate Reporting Experts For Stakeholder Panel

Date 05/01/2017

The European Securities and Markets Authority (ESMA) has issued today a call for candidates in order to renew the composition of its Consultative Working Group (CWG) which advises ESMA’s Corporate Reporting Standing Committee (CRSC).

TMX Group Consolidated Trading Statistics - December 2016

Date 05/01/2017

TMX Group Limited today announced December 2016 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), Montréal Exchange (MX) and NGX.

2016 Another Year Of Positive Momentum For OCC, By Craig Donohue, OCC Executive Chairman And CEO

Date 05/01/2017

In 2016, OCC's evolution from a clearing and settlement utility to becoming a systemically important market influencer was highlighted by our company being recognized with two Clearinghouse of the Year Awards; from Global Investor/ISF and Futures and Options World. These awards underscore the hard work and dedication of OCC's entire team to ensuring confidence in the financial markets and the broader economy. They also recognize OCC as a preeminent clearing organization and they acknowledge our adaptions to increased expectations as a SIFMU.

Federal Court In New York Orders Jon S. Corzine To Pay $5 Million Penalty For His Role In MF Global’s Unlawful Use Of Nearly $1 Billion Of Customer Funds And Prohibits Corzine From Registering With The CFTC In Any Capacity Or Associating With An FCM - The Court’s Order Also Imposes A $500,000 Penalty And Registration And Employment Restrictions Against Edith O’Brien, MF Global’s Former Assistant Treasurer, For Aiding And Abetting MF Global’s Unlawful Use Of Customer Funds

Date 05/01/2017

The U.S. Commodity Futures Trading Commission (CFTC) has obtained a federal court Consent Order against Defendant Jon S. Corzine (Corzine Order), former CEO of MF Global Inc. (MF Global), requiring him to pay a $5 million civil monetary penalty for his role in MF Global’s unlawful use of customer funds totaling nearly one billion dollars and for his failure to diligently supervise the handling of customer funds.  Per the Corzine Order, Corzine cannot seek or accept, directly or indirectly, reimbursement or indemnification from any insurance policy with regard to the penalty amount.  The Corzine Order also requires Corzine to undertake that he will never act as a principal, agent, officer, director, or employee of a Futures Commission Merchant (FCM) and that he will never register with the CFTC in any capacity.  As to Defendant Edith O’Brien, the former Assistant Treasurer of MF Global, the Court entered an Order (O’Brien Order) requiring her to pay a $500,000 civil monetary penalty for aiding and abetting MF Global’s violations and prevents her from associating with an FCM or registering with the CFTC in any capacity for a period of eighteen (18) months.