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  • Deutsche Börse Increases Share In Tradegate

    Date 21/12/2016

    Deutsche Börse AG is exercising a third and also final call option on shares in Tradegate AG and will thereby increase its approximately 15-percent stake in Tradegate AG to almost 20 percent. Deutsche Börse AG exercised two call options back in 2014, increasing its then approximately five-percent stake in Tradegate AG to almost 15 percent. The latest increase in shares is subject to regulatory approvals.

  • EBA Sees Considerable Improvement In The Average LCR Across EU Banks

    Date 21/12/2016

    The European Banking Authority (EBA) published today its third impact assessment Report for the liquidity coverage ratio (LCR), together with a review of its phasing-in period. The Report shows a constant improvement of the average LCR across EU banks since 2011. At the reporting date of 31 December 2015, EU banks' average LCR was significantly above the 100% minimum requirement, which will have to be fully implemented by January 2018, and no strong evidence was found suggesting that the EBA should recommend an extension of the phasing-in period of the LCR. The Report, which is based on liquidity data from 194 EU banks across 17 Member States, is the first publication after the implementation of the minimum binding standards in 2015 and accounts for the provisions of the Commission's Delegated Regulation on the LCR.

  • SEC Charges Former New York Pension Official And Two Brokers In Pay-To-Play Scheme

    Date 21/12/2016

    The Securities and Exchange Commission today announced fraud charges against a former official of the nation’s third largest public pension fund and two brokers accused of orchestrating a pay-to-play scheme to steer billions of dollars to certain firms in exchange for luxury gifts, lavish vacations, and tens of thousands of dollars spent on cocaine and prostitutes.

  • UK's Financial Conduct Authority: Mark Lyttleton Sentenced To 12 Months Imprisonment For Insider Dealing

    Date 21/12/2016

    In a prosecution brought by the Financial Conduct Authority (FCA) Mark Lyttleton, a former Equity Portfolio Manager at BlackRock Investment Management (UK) Limited, has today been sentenced to 18 months reduced with credit to 12 months on two counts of insider dealing. A confiscation order was also made in the sum of £149,861.27 and costs awarded to the FCA of £83,225.62.

  • CFTC Orders Goldman Sachs To Pay $120 Million Penalty For Attempted Manipulation Of And False Reporting Of U.S. Dollar ISDAFIX Benchmark Swap Rates - Today’s Action Is The CFTC’s Third Enforcement Action For The Attempted Manipulation And False Reporting Of ISDAFIX Benchmark Rates

    Date 21/12/2016

    The U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against The Goldman Sachs Group, Inc., and Goldman, Sachs & Co. (collectively, Goldman or the Bank). The Order finds that, beginning in January 2007 and continuing through March 2012 (the Relevant Period), Goldman attempted, by and through certain of its traders in New York, on many occasions to manipulate and made false reports concerning the U.S. Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX), a global benchmark for interest rate products. Goldman’s unlawful conduct involved multiple traders, including the head of Goldman’s Interest Rate Products Trading Group in the United States, according to the CFTC Order.