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Wholesale Conduct Risk - Speech By Tracey McDermott, Director Of Supervision, Investment, Wholesale And Specialists, At The UK Financial Conduct Authority (FCA), Delivered At The British Bankers’ Association Conference ‘Wholesale Markets And Risk: FEMR And beyond’, London

Date 24/07/2015

This conference has the title of Wholesale Markets and Risk: FEMR and beyond. And, of course, the management of risk is, and always has been, a key driver for the existence of wholesale markets. 

Innovative, vibrant, competitive markets enable individuals and companies in the wider economy to take risks and to manage them. They enable others to participate in that risk taking and in the rewards that may follow.

Nasdaq Launches 'NFX' To Trade Energy Derivatives - New Exchange Will List Key Energy Benchmarks Including Oil, Natural Gas And US Power

Date 24/07/2015

Nasdaq (Nasdaq:NDAQ) announced that its US-based Nasdaq Futures, Inc. (NFX) will officially launch today. The platform will initially offer futures and options on oil, natural gas and US power benchmarks, with a fee holiday for the first nine months of trading. All products will be cleared through The Options Clearing Corporation (OCC).

Office Of The Comptroller Of The Currency: Comptroller Discusses Risk And Opportunities Facing Financial Services

Date 24/07/2015

Comptroller of the Currency Thomas J. Curry today discussed risks and opportunities facing financial services during remarks before the New England Council. During his speech, the Comptroller commented on interest rate risk, compliance risk, cybersecurity, and the role collaboration can play in mitigating these risks. He also discussed opportunities to improve business operations as well as service to customers.

Precious Metals Slide As The Bears Prowl The Markets - GoldMoney Weekly Market Report And Customer Metrics

Date 24/07/2015

Monday saw a drop in the gold price, partly triggered by Asian markets and rumours that some big funds might be dumping gold into the market.

TOM MTF Statistics Week 30, 2015

Date 24/07/2015

Click here to download the weekly statistics update of TOM MTF for week 30, 2015. 

Gunvor Asian RCF Tops US$1 Billion After Additional Interest

Date 24/07/2015

Gunvor Singapore Pte Ltd (the "Borrower"), a wholly-owned subsidiary of Gunvor Group Ltd ("Gunvor Group"), has increased its USD911.7 million syndicated revolving credit facility (the "Facility") to USD1.0627 billion on 24 July 2015 through accordion to accommodate additional interest in the Facility.

State Street Reports Second-Quarter 2015 Gaap-Basis EPS Of $0.94, On Revenue Of $2.6 Billion

Date 24/07/2015

State Street has today announced its second quarter results, reporting a GAAP-BASIS EPS of $0.94, on revenue of $2.6billion. It also reported that:

• Second-quarter 2015 operating-basis EPS was $1.37, down 1.4% compared to the second quarter of 2014, with a 2.1% increase in revenue to $2.7 billion
• Servicing fees increased 2.9% compared to the second quarter of 2014 and increased 4.1% compared to the first quarter of 2015

SIFMA AMG Submits Comments To The FSB Regarding Its Peer Review On Financial Stability Risks

Date 24/07/2015

SIFMA’s Asset Management Group (SIFMA AMG) today submitted comments to the Financial Stability Board (FSB) in response to the FSB’s latest Peer Review impacting asset managers. 

CFTC Chairman Massad Announces The Appointment Of Eileen T. Flaherty As Director Of The Division Of Swap Dealer And Intermediary Oversight

Date 24/07/2015

U.S. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad today named Eileen T. Flaherty as the agency’s Director of the Division of Swap Dealer and Intermediary Oversight. Ms. Flaherty has more than 25 years of direct experience in the financial services industry.

Second FSB Annual Report

Date 24/07/2015

Abstract

In 2008, the G20 committed to fundamental reform of the global financial system. Since then, FSB members have agreed and are implementing a broad range of policy reforms that address the major fault lines that caused the crisis.