News Centre

OCC Comments On S&P Reaffirmation Of AA+/Stable Rating

Date 21/09/2016

OCC, the world's largest equity derivatives clearing organization, today commented on the reaffirmation of its AA+/Stable rating by Standard & Poor's (S&P). In May, the rating agency had placed a credit watch with negative implications on OCC's credit rating.

Our Approach To Cyber Security In Financial Services Firms - Speech By Nausicaa Delfas, Director Of Specialist Supervision At The FCA, Delivered At The FT Cyber Security Summit

Date 21/09/2016

Key points:

• Cyber risk is an ever evolving and asymmetric threat. It impacts each one of our objectives – market integrity, consumer protection and competition – whether through markets being disrupted through loss of availability of platforms, sensitive market or customer data being stolen or compromised, or access to core banking services.
• We regulate 56,000 financial services firms, from the largest banks, insurers, market infrastructure providers to the smallest advisers. Firms, whatever their size, could pose a significant risk to our objectives if their services were disrupted – even the smallest firm could hold large quantities of sensitive data, which if compromised could have a ripple effect to other areas of the financial sector, and business generally.
• Cyber security is a shared interest and responsibility – we will continue to take a co-operative approach to addressing this threat, and will be engaging directly with a wider range of regulated firms. 
• What we will be looking for is a ‘security culture’ in firms – from the Board down to every employee. Cyber is not just an IT issue, but covers people, processes and technology. The key is: good governance, identification and protection of key assets, detection, response and recovery and information sharing, with the regulator and other parties. 

EU Savers Step Up Their Influence In European Financial Services Policy Making

Date 21/09/2016

Christiane Hölz, a senior executive at Better Finance’s German member organisation DSW, was elected Vice-Chair of the "Securities and Markets Stakeholder Group" of the European Securities and Markets Authority (ESMA).

SEC Charges Hedge Fund Manager Leon Cooperman With Insider Trading

Date 21/09/2016

The Securities and Exchange Commission today charged hedge fund manager Leon G. Cooperman and his firm Omega Advisors with insider trading based on material nonpublic information he learned in confidence from a corporate executive.

Moscow Exchange: Risk Parameters For New Bonds

Date 21/09/2016

New bonds will be accepted to margin trading starting from September 22, 2016. 

IACC And City Of London Police Team Up To Strengthen Anti-Counterfeiting Efforts In London

Date 21/09/2016

The International AntiCounterfeiting Coalition (IACC) announced that it has signed a Memorandum of Understanding (MOU) with the City of London Police, memorializing their solidarity in fighting for intellectual property rights.

Thomson Reuters Helps Banks Reduce Costs And Operational Risks With New Data Presence At Equinix NY4 Data Center

Date 21/09/2016

Responding to the ongoing need for financial services firms to reduce capital expenditure and operational risk through the outsourcing of non-core competencies, Thomson Reuters has expanded its points of presence with the launch of Elektron Managed Services in the Equinix NY4 International Business Exchange™ (IBX®) data center, located in Secaucus, NJ.  The Equinix NY4 IBX® complements Thomson Reuters existing NJ2 location in Weehawken, NJ. 

Intercontinental Exchange Announces Appointment Of Thomas E. Noonan To ICE Board Of Directors

Date 21/09/2016

Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that Thomas E. Noonan has joined the Board of Directors of Intercontinental Exchange. Mr. Noonan is an entrepreneur who has started and sold companies focused on technology and cybersecurity, including Internet Security Systems, and today is a General Partner of TechOperators which is an early-stage venture fund. Mr. Noonan was also appointed as a member of ICE’s Risk Committee.

The Shareholders Of TOM (The Order Machine) Intend To Appoint Hans Pieterse As CEO

Date 21/09/2016

Today, the shareholders of TOM announce their intention to appoint Hans Pieterse (46) as CEO. Pieterse was a Director at Optiver until his departure in March 2015. He will succeed Willem Meijer as CEO of TOM, who stepped down as per 1 September 2016. One of the main responsibilities of the new CEO will be to set the strategy of the TOM Group. The appointment of Mr. Pieterse is subject to regulatory approvals of the AFM and DNB.

Bursa Malaysia Sector Update

Date 21/09/2016

Bursa Malaysia Berhad (Bursa Malaysia) has decided to update the classification of sector for Dagang Nexchange Berhad (“DNEX”) to come into effect on 9.00 a.m., Friday, 23 September 2016.