News Centre

CBOE Plans to List Options On GoPro, Inc. (GPRO) - Expected Start Date Of Monday, July 7 - Contingent Upon GPRO Meeting New Option Listing Criteria

Date 01/07/2014

CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that the Chicago Board Options Exchange (CBOE) plans to list options on GoPro, Inc. (ticker symbol: GPRO) for trading beginning on Monday, July 7, 2014, contingent upon GPRO meeting new option listing criteria, and the OCC accepting CBOE's certification that the stock meets CBOE's listing criteria.

US Department Of Justice: BNP Paribas Agrees To Plead Guilty And To Pay $8.9 Billion For Illegally Processing Financial Transactions For Countries Subject To U.S. Economic Sanctions

Date 01/07/2014

According to court documents submitted today, BNP Paribas S.A. (BNPP), a global financial institution headquartered in Paris, agreed to enter a guilty plea to conspiring to violate the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA) by processing billions of dollars of transactions through the U.S. financial system on behalf of Sudanese, Iranian, and Cuban entities subject to U.S. economic sanctions.   The agreement by the French bank to plead guilty is the first time a global bank has agreed to plead guilty to large-scale, systematic violations of U.S. economic sanctions.

Cuomo Administration Announces BNP Paribas To Pay $8.9 Billion, Including $2.24 Billion To NYDFS, Terminate Senior Executives, Restrict U.S. Dollar Clearing Operations For Violations Of Law - With Knowledge Of Multiple Senior Executives, BNPP Concealed More Than $190 Billion In Transactions For Clients Subject To U.S. Sanctions, Including Sudan, Iran, And Cuba - COO Signed Off On Continuing Illicit Transactions At Meeting Where He Asked Minutes Not To Be Taken - North American Head Of Ethics/Compliance Wrote: "The Dirty Little Secret Isn’t So Secret Anymore, Oui?"

Date 30/06/2014

Governor Andrew M. Cuomo today announced a New York State Department of Financial Services (DFS) enforcement action related to violations of law and significant misconduct at BNP Paribas (BNPP). Through a series of egregious schemes to evade detection and with the knowledge of multiple senior executives, BNPP employees concealed more than $190 billion in transactions between 2002 and 2012 for clients subject to U.S. sanctions, including Sudan, Iran, and Cuba. As a result of these violations, BNPP will pay $8.9 billion to federal and state authorities – including a $2.24 billion penalty to DFS – terminate senior executives, and suspend U.S. dollar clearing operations for one year at business lines in which the misconduct centered.

Federal Reserve Announces Civil Money Penalty And Issues Cease And Desist Order Against BNP Paribas, S.A.

Date 30/06/2014

The Federal Reserve on Monday announced a $508 million penalty against BNP Paribas, S.A., Paris, France--the largest penalty ever assessed by the agency--for violations of U.S. sanctions laws. The Federal Reserve also issued a joint cease and desist order with the Autorité de Contrôle et de Prudentiel et de Résolution (ACPR), the home country supervisor of BNP Paribas. The cease and desist order requires BNP Paribas to implement a program to ensure global compliance with U.S. sanctions laws. BNP Paribas continues to operate branches in New York, Chicago, and San Francisco, and an agency in Houston, all of which are covered by the enhanced policies and procedures required by the order.

Treasury Department Reaches Largest Ever Sanctions-Related Settlement With BNP Paribas SA For $963 Million - Treasury Settlement Part Of Interagency Investigation Into Apparent Violations Of Sanctions Programs

Date 30/06/2014

As part of a combined $8.9 billion settlement with federal and state government agencies, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $963 million agreement with BNP Paribas SA (BNPP) to settle its potential liability for apparent violations of U.S. sanctions regulations. Today’s settlement resolves OFAC’s investigation into BNPP’s systemic practice of concealing, removing, omitting, or obscuring references to information about U.S.-sanctioned parties in 3,897 financial and trade transactions routed to or through banks in the United States between 2005 and 2012 in apparent violation of the Sudanese Sanctions Regulations, 31 C.F.R. part 538; the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560; the Cuban Assets Control Regulations, 31 C.F.R. part 515; and the Burmese Sanctions Regulations, 31 C.F.R. part 537.

BNP Pleads Guilty In U.S. Sanctions Case - To Pay $8.8 Billion

Date 30/06/2014

BNP Paribas has pleaded guilty to criminal charges and agreed to forfeit USD8.83 billion as part of an investigation into allegations the French bank violated U.S. sanctions laws.

S&P Dow Jones Indices Market Attributes: Europe Index Dashboard

Date 30/06/2014

Download this month’s Europe Index Dashboard.

UK's Financial Conduct Authority: EMIR Reporting Advice For Clearing Member Firms

Date 30/06/2014

We have contacted a number of our Authorised firms identified as a clearing member and client of a Central Counterparty (CCP) to advise them that authorised or recognised CCPs under European Market Infrastructure Regulation (EMIR) are required to calculate hypothetical capital information. This information must be supplied by CCPs to their clearing members as well as to thecompetent authority of the clearing member.

Thomson Reuters And ICAP Renew Exclusive, Multiyear Deal And Expand The 19901 Service For Swap Rates

Date 30/06/2014

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, and ICAP Information Services (IIS), the information business of ICAP plc, today announce the renewal of a distribution agreement which adds new electronic data sources to the 19901 service – anestablished reference source for USD interest rate swaps and US Treasuries.

CME Group Chairman Emeritus Leo Melamed Helps Honor the Humanitarian Acts Of Chiune Sugihara In Japan

Date 30/06/2014

CME Group, the world's leading and most diverse derivatives marketplace, today released the following statement:

"CME Group is pleased to announce that Chairman Emeritus Leo Melamed is traveling to Japan the week of June 30, to participate in various activities organized to honor the humanitarian acts of Chiune Sugihara.  Sugihara, the late Japanese diplomat who served as Vice-Consul for Japan in Lithuania from 1939 to 1941, is credited for facilitating the escape of thousands of Jewish refugees by issuing them transit visas so they could find refuge in Japan during World War II.  One of those refugees was Mr. Melamed, who as a young boy captured in Poland by the Nazis, escaped the Holocaust with his parents through Siberia to Tsuruga, Japan.  He will return there for the first time to participate in the celebration honoring Sugihara.  While in Japan, Mr. Melamed will be meeting with the Prime Minister of Japan Mr. Shinzo Abe and U.S. Ambassador to Japan Ms. Caroline Kennedy.  Sara Bloomfield, Director of the U.S. Holocaust Memorial Museum in Washington D.C. will join Mr. Melamed in the ceremonies to mark this historic event and represent the 6,000 refugees saved by Sugihara."