News Centre

SIFMA Asset Management Group Statement On SEC Proposed Rules Regarding Fund Use Of Derivatives

Date 11/12/2015

SIFMA’s Asset Management Group today released a statement from Timothy Cameron, managing director and head of SIFMA’s Asset Management Group, after the Securities and Exchange Commission voted to propose new rules governing the use of derivatives by mutual funds and exchange-traded funds, closed-end funds, and business development companies: 

“SIFMA’s Asset Management Group believes the Securities and Exchange Commission (SEC), as the primary regulator of investment managers, is the appropriate agency to review and address risk in asset manager products and activities. As the SEC moves forward with its five expected rulemakings, including this proposal focused on the use of derivatives in investment funds, industry insight will be critical to crafting rules that modernize asset management regulation without unnecessarily impeding the ability of asset managers to help clients achieve their financial goals. SIFMA AMG will review the proposal in detail with our members and provide substantive comments to the SEC.” 

Statement At Open Meeting, SEC Chair Mary Jo White, Dec. 11, 2015

Date 11/12/2015

Good morning, everyone. This is an open meeting of the Securities and Exchange Commission on December 11, 2015 under the Government in the Sunshine Act.

ESMA Consults On Improved Access To Trade Repository Data

Date 11/12/2015

The European Securities and Markets Authority (ESMA) has published today a consultation paper which proposes to enhance the current functionalities offered by trade repositories (TRs) for data access under the European Market Infrastructure Regulation (EMIR). ESMA thinks that the current rules for TR access should be significantly improved as currently, the comparability of data is not sufficient.

Enhancing The Transparency Of Resource Extraction Revenue Payments, SEC Commissioner Luis A. Aguilar, Dec. 11, 2015

Date 11/12/2015

Today, as required by Section 1504 of the Dodd-Frank Act, the Commission re-proposes rules that would create a new disclosure regime for payments made to a government by oil, natural gas, and mining companies for the purpose of the commercial development of a country’s natural resources. This type of disclosure is consistent with an emerging global consensus to combat government corruption through greater transparency and accountability. Today’s re-proposed rules are consistent with those global efforts.

Wholesale Market Policy – A Year In Review - Speech By David Lawton, Director Of Markets Policy And International, FCA, Delivered At The ICI Global Trading And Market Structure Conference In London On 8 December 2015

Date 11/12/2015

Good afternoon. 

Today is 8 December, which means just 12 working days until Christmas and just over three weeks until the end of 2015.

I thought I would take the time today to reflect on what 2015 has meant for the regulation of wholesale markets, and the funds sector.

Change In The Composition Of The ATHEX Indices

Date 11/12/2015

The following change of investability weight of shares will take place:

• «PIRAEUS BANK S.A.» to 74% in the composition of all ATHEX Indices that the shares of the company participate.

Dissenting Statement At Open Meeting On Resource Extraction, SEC Commissioner Michael S. Piwowar, Dec. 11, 2015

Date 11/12/2015

Thank you, Chair White.

Look, if you had, one shot, or one opportunity
to seize everything you ever wanted, in one moment
would you capture it, or just let it slip?

EBA Consults On Draft Guidelines On ICAAP And ILAAP Information Collected For SREP Purposes

Date 11/12/2015

The European Banking Authority (EBA) launched today a public consultation on draft Guidelines on the collection of information related to the internal capital adequacy assessment process (ICAAP) and the internal liquidity adequacy assessment process (ILAAP). These draft Guidelines aim at facilitating the consistent approach to the supervisory assessment of ICAAP and ILAAP frameworks as well as the assessment of reliability of institutions' own capital and liquidity estimates as part of the supervisory review and evaluation process (SREP)  following the criteria and methodologies specified in the EBA Guidelines on common procedures and methodologies for SREP. The public consultation runs until 11 March 2016. 

Nigerian Stock Exchange Weekly Report For 11 December 2015

Date 11/12/2015

A turnover of 1.174 billion shares worth N13.846 billion in 13,870 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.218 billion shares valued at N14.685 billion that exchanged hands last week in 13,495 deals.

Protecting Investors Through Proactive Regulation Of Derivatives And Robust Fund Governance, SEC Commissioner Luis A. Aguilar, Dec. 11, 2015

Date 11/12/2015

Today, the Commission considers new rules that are designed to protect investors by addressing the use of derivatives by registered investment companies.[1] As demonstrated by the 2008 financial crisis, and the economic turmoil that followed, years of regulatory complacency and deregulation enabled an unregulated derivatives marketplace to cause significant losses to investors.[2] In response to that crisis, in 2010, Congress passed the Dodd-Frank Act to address the causes of the financial crisis, and specifically included provisions in Title VII of the Act mandating the establishment of a regulatory framework for addressing broad categories of derivatives.[3] This process is still ongoing.