News Centre

CME: Performance Bond Requirements: Agriculture, Energy, Equity, FX, Metals Margins And New Products - Effective July 8, 2016

Date 08/07/2016

As per the normal review of market volatility to ensure adequate collateral coverage, the Chicago Mercantile Exchange Inc., Clearing House Risk Management staff approved the performance bond requirements for the following products listed in the advisory at the link below.

Federal Court In Illinois Orders Matthew J. Marcus And His California Company Tech Power Inc. To Pay A $250,000 Penalty For Engineering A Money Pass Scheme Involving More Than 1,200 Single Stock Futures Trades

Date 07/07/2016

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on June 30, 2016, Judge Milton I. Shadur of the U.S. District Court for the Northern District of Illinois entered a Consent Order settling CFTC charges against Defendants Matthew J. Marcus of California and his company, Tech Power Inc., a Nevada corporation located in California, for engaging in fictitious single stock futures transactions and trading non-competitively on OneChicago LLC (OneChicago), an electronic futures exchange in Chicago, Illinois.

NZX Half Year 2016 Results Announcement Date

Date 07/07/2016

NZX intends to release its half year 2016 financial results before market open on Wednesday 17 August 2016.

United States Department Of Justice: Former Rabobank Derivatives Trader Pleads Guilty For Scheme To Manipulate LIBOR Benchmark

Date 07/07/2016

A former Coöperatieve Centrale Raiffeisen-Boerenleebank B.A. (Rabobank) derivatives trader, who worked in Hong Kong and Singapore as the bank’s Head of Money Market and Derivatives Trading for Northeast Asia, pleaded guilty today to conspiracy to commit wire fraud and bank fraud for his role in a scheme to manipulate the London InterBank Offered Rate (LIBOR) to Rabobank’s advantage.

GFMA, IIF, ISDA, JFMC And TCH Respond To The Basel Consultation On Leverage Ratio

Date 07/07/2016

The Global Financial Markets Association (GFMA), the Institute of International Finance (IIF), the International Swaps and Derivatives Association (ISDA), the Japan Financial Markets Council (JFMC) and The Clearing House (TCH) today responded to the Basel Committee on Banking Supervision’s (BCBS) consultation on Revisions to the Basel III leverage ratio framework (Proposed Framework). Thefull response is available here.

European Parliament: ECON Committee Is Satisfied That Vice-President Dombrovskis Is In A Position To Assume The Financial Stability, Financial Services And Capital Markets Union

Date 07/07/2016

Following a hearing at the Committee on Economic and Monetary Affairs (ECON Committee), a large majority of ECON Coordinators were satisfied that Vice-President Dombrovskis is in a position to assume the portfolio that is transferred to him and look forward to a strong leadership in a key file for the stability of the EU and the prosperity of EU citizens.

Canadian Securities Regulators Release Latest Three-Year Business Plan

Date 07/07/2016

The Canadian Securities Administrators (CSA) today released its Three-Year Business Plan for the period from April 1, 2016 to March 31, 2019.

ESMA Publishes The Responses To Its Consultation Paper On Technical Advice On Benchmarks Regulation

Date 07/07/2016

Canadian Securities Regulators Propose Changes To Custody And Other Requirements For Dealers, Advisers And Investment Fund Managers

Date 07/07/2016

The Canadian Securities Administrators (CSA) today published proposed amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) and National Instrument 33-109 Registration Information. The amendments include proposals to enhance custody requirements for certain registrants, clarify activities that may be conducted by exempt market dealers and incorporate relief from certain Client Relationship Model Phase 2 (CRM2) requirements into NI 31-103.

ESMA Issues Opinions On Swedish Pension Scheme To Be Exempt From Central Clearing Under EMIR

Date 07/07/2016

The European Securities and Markets Authority (ESMA) has today issued an opinion regarding the exemption of a Swedish pension scheme from the obligation to centrally clear OTC derivative contracts under the European Market Infrastructure Regulation (EMIR).