News Centre

ISDA Announces Revised SIMM Licensing Program

Date 05/04/2016

The International Swaps and Derivatives Association, Inc. (ISDA) today announced an update to the licensing program for ISDA’s proprietary and patent-pending Standard Initial Margin Model (SIMM) for non-cleared derivatives, offered commercially under the name ISDA SIMM™.

Remarks From The SIFMA Anti-Money Laundering And Financial Crimes Conference, J. Bradley Bennett, FINRA Executive Vice President, Enforcement

Date 05/04/2016

Good morning.

Money laundering is not a new issue for the securities industry. In fact, it has been listed in every FINRA annual regulatory priorities letter issued over the past 11 years. Many of the issues we've focused on over the years remain areas of focus in 2016. For example, we've addressed risk on many occasions. In 2009, we reminded firms to ensure that their AML policies and procedures are appropriately tailored to the firm's business model, risk profile and volume of transactions, particularly with regard to monitoring, detecting and reporting suspicious activity. And in 2014, we reminded firms with high-risk customer bases to tailor their programs around the specific risks of those customers, including the types of customers, where their customers are located and the types of services they offer to those customers.

CFTC Orders Staten Island-Resident Michael Pucciarelli And His Company, Badge Trading LLC, To Pay A $280,000 Penalty For Engaging In Unlawful Noncompetitive Exchange For Physical Transactions

Date 05/04/2016

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against RespondentsMichael Pucciarelli of Staten Island, New York, and Badge Trading LLC, for noncompetitively entering into and reporting numerous non-bona fide exchange for physicals transactions (EFPs) to ICE Futures U.S., Inc. and ICE Clear U.S., Inc. (collectively, ICE). Pucciarelli personally owns Badge Trading.

Chris Cummings To Join Investment Association As Chief Executive

Date 05/04/2016

The Investment Association (IA) today announces the appointment of Chris Cummings as Chief Executive.

Chris is joining the UK investment industry's trade association, whose members manage a combined £5.5trn in assets, from TheCityUK where he is the founding Chief Executive.

FESE Response To The ESMA Discussion Paper On Benchmarks Regulation

Date 05/04/2016

FESE supports efficient, fair, orderly and transparent financial markets that meet the needs of well protected and informed investors and provide a source for companies to raise capital and for investors to hedge their portfolios.

EEX To Extend Its Offering In Freight And Iron Ore And Introduce Strip Clearing For Coal Futures On 28 April 2016

Date 05/04/2016

From 28 April 2016, EEX will extend its Freight and Iron Ore offering with further product enhancements in addition to switching to strip clearing for all Coal Futures contracts.

Vienna Stock Exchange: ATX Watchlist For March 2016

Date 05/04/2016

The watchlist is used as a basis for the admission and/or deletion of ATX stocks at the semiannual (March and September) reviews of ATX basket.

EEX: Record Trading Volume In Dairy Futures: Nearly 20,000 Tonnes Traded In The First Quarter Of 2016

Date 05/04/2016

EEX had a strong first quarter on the derivatives market for dairy products. From January to March 2016, a volume of 3,972 contracts was traded in these products, which corresponds to 19,860 tonnes and marks a new quarterly record. The previous record has been achieved in the fourth quarter of 2015 with a volume of 3,441 contracts traded (equals 17,025 tonnes). Compared with the same period in the previous year, the volume increased more than sixfold (January to March 2015: 601 contracts, equals 3,005 tonnes). EEX’s offering for the European dairy markets comprises financially settled futures on skimmed milk powder, butter and whey powder.

Borsa İstanbul: A New Market Maker For BIST30 Index Options

Date 05/04/2016

Effective from April 1, 2016, Garanti Investment became a market maker in BIST30 Index Options.

Office Of The Comptroller Of The Currency Releases CRA Evaluations For 23 National Banks And Federal Savings Associations

Date 05/04/2016

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of March 1, 2016 through March 31, 2016. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance.