News Centre

US Department Of Justice: Assistant Attorney General Leslie R. Caldwell Delivers Remarks At A Press Conference On Foreign Exchange Spot Market Manipulation

Date 20/05/2015

Thank you, Bill [Baer].

The guilty pleas of five major financial institutions – from the United States and overseas – are truly historic.   

The guilty plea to be entered by UBS results from the bank’s breach of its non-prosecution agreement with the department through additional criminal conduct.  Due to its breach, UBS will plead guilty to felony wire fraud for its LIBOR-related misconduct and pay a $203 million criminal penalty. 

CalPERS Announces $1 Billion Asia-Pacific Infrastructure Partnership With QIC - Australian Fund Manager Will Lead Multi-Sector Infrastructure Portfolio

Date 20/05/2015

The California Public Employees' Retirement System (CalPERS) today announced a $1 billion Asia-Pacific infrastructure partnership with Australia-based QIC, a global diversified alternatives investment firm and one of Australia's largest institutional investment managers.

US Department Of Justice: Assistant Attorney General Leslie R. Caldwell Delivers Remarks At The Georgetown Cybersecurity Law Institute

Date 20/05/2015

Good afternoon, everyone.  Thank you to the Georgetown Cybersecurity Law Institute and Larry Center for inviting me to speak here today.  The Institute has assembled an impressive group of speakers to discuss some of the most pressing cybersecurity issues.  It’s a privilege to be able to contribute to the conversation.

CFTC Swaps Report Update

Date 20/05/2015

CFTC's Weekly Swaps Report has been updated, and is now available.

STOXX: Europe’s Economy Is “At The Crossroads Of Integration Or Fragmentation,” Economist Tells Investment Forum In New York City

Date 20/05/2015

“Europe’s economy is strengthening and the region stands at the crossroads of integration or fragmentation,” Bart van Ark, executive vice president, chief economist and chief strategy officer of The Conference Board told the Europe Investment Forum, hosted by STOXX Limited in New York City, today.

Remarks Before The Exchequer Club Of Washington, D.C. By SEC Commissioner Michael S. Piwowar

Date 20/05/2015

Thank you, Sara [Kelsey], for that wonderful introduction. I am honored to speak to the Exchequer Club of Washington, D.C. The Exchequer Club provides an excellent forum for an open and frank exchange on financial matters that impact all Americans and people around the world. I hope that, in the spirit of the Club, my remarks will prompt an animated discussion.

Minutes Of The Federal Open Market Committee, April 28-29, 2015

Date 20/05/2015

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on April 28-29, 2015.

US Justice Department: Attorney General Lynch Delivers Remarks At A Press Conference On Foreign Exchange Spot Market Manipulation

Date 20/05/2015

Good morning, and thank you all for being here.  I am joined today by Assistant Attorney General [Bill] Baer of the Justice Department’s Antitrust Division and Assistant Attorney General [Leslie] Caldwell of the Justice Department’s Criminal Division, as well as our partners from the FBI and CFTC – Assistant Director in Charge [Andrew] McCabe of the FBI’s Washington Field Office, and Director [Aitan] Goelman of the CFTC’s Division of Enforcement.  We are here to announce a major law enforcement action against international financial institutions that for years participated in a brazen display of collusion and foreign exchange rate market manipulation – and will, as a result, pay a total of nearly $3 billion in fines and penalties.  Today’s historic resolutions are the latest in our ongoing efforts to investigate and prosecute financial crimes, and they serve as a stark reminder that this Department of Justice intends to vigorously prosecute all those who tilt the economic system in their favor; who subvert our marketplaces; and who enrich themselves at the expense of American consumers.

SEC Names Rebecca Olsen Deputy Director Of Municipal Securities Office

Date 20/05/2015

The Securities and Exchange Commission today announced that Rebecca J. Olsen has been named deputy director in the agency’s Office of Municipal Securities, having served as chief counsel since April 2014.  Ms. Olsen replaces Jessica Kane who was announced as director of the office today.

Barclays Announces Foreign Exchange And ISDAfix Settlements

Date 20/05/2015

As part of their industry-wide investigations into certain sales and trading practices in the Foreign Exchange (“FX”) market, Barclays has today reached settlements with the U.S. Commodity Futures Trading Commission (“CFTC”), the New York State Department of Financial Services (“DFS”), the U.S. Department of Justice (“DOJ”), the Board of Governors of the Federal Reserve System (“FRB”) and the UK Financial Conduct Authority (“FCA” and together the “authorities”).