News Centre

Federal Reserve Vice Chairman Stanley Fischer, At The Convocation For The Department Of Economics, Howard University, Washington, D.C., September 27, 2016, Why Study Economics?

Date 27/09/2016

I am very pleased to visit today with the students and faculty of the Howard University Economics Department. First, a fact that you know but others may not: The Howard University Economics Department is the only producer of economics Ph.D.'s among the nation's historically black colleges and universities, and it has been teaching economics to undergraduates for nearly a century.

SEC: Oil Services Company Paying $140 Million Penalty For Accounting Fraud

Date 27/09/2016

The Securities and Exchange Commission today announced that oil services company Weatherford International has agreed to pay a $140 million penalty to settle charges that it inflated earnings by using deceptive income tax accounting.  Two of the company’s senior accounting executives at the time have agreed to settle charges that they were behind the scheme.

Borsa Italiana: World Bank Issues Two Fixed Rate Bonds On EuroMOT - World Bank Issued Two Bonds For A Total Value Of About €9,5 Million

Date 27/09/2016

World Bank today listed two fixed rate bonds on EuroMOT with a combined value of about €9,5 million. Bonds are issued in South African Rand currency (ZAR), with a coupon rate of 6.60%, and in Brazilian Real (BRL) currency, with a coupon rate of 7.60%, and they are valid until the 26  September 2019.

CFTC Orders Advanced Trading Workshop, Inc. Of Jamesville, New York, To Pay A Total Of $940,000 In Disgorgement And A Civil Monetary Penalty For Solicitation Fraud And Failure To Register

Date 27/09/2016

The U.S. Commodity Futures Trading Commission today issued an Order filing and simultaneously settling charges against Respondent Advanced Trading Workshop, Inc. (ATW) of Jamesville, New York, for fraudulently soliciting clients and prospective clients to purchase access to an online trading room and failing to register with the CFTC as a Commodity Trading Advisor (CTA) as required. ATW, in or about November 2013, changed its name to Sniper Scalping, Inc.

Quotes For NEO-Listed Securities Now Available On Globe And Mail Website

Date 27/09/2016

NEO Exchange Inc. (“NEO Exchange” or “NEO”) today announced that The Globe and Mail is now offering live quotes for NEO-listed securities on its Globe Investor site. The Globe and Mail is one of Canada’s leading news media companies and a trusted source of market information for Canadians. 

Keynote Remarks Of CFTC Chairman Timothy Massad Before The SIFMA Annual Meeting

Date 27/09/2016

Thank you for that kind introduction. I’m very pleased to be with you today.

It’s been a busy month. As many of you may know, rules for margin on uncleared swaps went into effect on September 1. We held an open meeting to finalize protections against cyberattacks in our markets, and we issued a comparability determination for Japan’s margin rules. In addition, the Commission is currently considering a one-year delay in the decrease of the swap dealer de minimis threshold, and I hope that we will soon finalize additional clearing requirements for interest rate swaps that are subject to a clearing mandate in another jurisdiction.

CME Group To Transition Dairy Spot Call To CME Direct Auction Platform

Date 27/09/2016

CME Group, the world's leading and most diverse derivatives marketplace, today announced that in December it will begin transitioning its CME Dairy Spot Call, for daily price discovery in physical dairy markets, to an electronic, transaction-based auction, which can be accessed through CME Direct. Ultimately, this will replace the physical spot market held via a limited open outcry session on the company's Chicago trading floor that currently facilitates price discovery, trading and delivery of dairy products such as Cheese Barrels, Cheese Blocks, Butter and Nonfat Dry Milk.

Better Finance: To Succeed, The Capital Markets Union Now Needs To Focus On More Transparency And Better Returns For EU Savers, And On Reviving An Equity Culture

Date 27/09/2016

Launched in 2015, the Capital Markets Union (CMU) is a plan by the European Commission to mobilise capital in Europe, with the aim of unlocking billions of euros in additional funding for businesses across Europe and help wean the economy off its damaging over-reliance on bank-lending.

Blockchain Demonstration Shows Potential Loan Market Improvements - Credit Suisse, Ipreo, Symbiont, R3 Convene Proof Of Concept For Syndicated Loan Efficiencies

Date 27/09/2016

Credit Suisse, Ipreo, Symbiont and R3 announced the successful initial stage completion of a project to demonstrate how blockchain technology can be used to improve the syndicated loan market.  The proof of concept will continue through the end of the year and includes participation from a number of agent banks, service providers and fund managers. 

ESM Adds €1 Billion To 2025 Bond In Tap Auction

Date 27/09/2016

The European Stability Mechanism (ESM) today conducted a tap auction of a €3 billion 1% 10-year bond maturing on 23 September 2025. An additional €999.85 million was issued, bringing the total size of the existing bond to nearly €4 billion.