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Leadership And Conduct: Speech By Martin Wheatley, Chief Executive, The UK Financial Conduct Authority, At City Week 2014: International Financial Services In The Post-Reform World: Opportunities And Challenges

Date 31/03/2014

Reflections on the year

It’s a pleasure to join everyone for this important event and to have the opportunity to reflect, with Andrew, on what has been a defining year for conduct in financial services – yet another defining year in fact.

OTC Derivatives Regulators Issue Report To The G20

Date 31/03/2014

The Over-the-Counter (OTC) Derivatives Regulators Group (ODRG), which is made up of authorities with responsibility for the regulation of OTC derivatives markets in Australia, Brazil, the European Union, Hong Kong, Japan, Ontario, Quebec, Singapore, Switzerland, and the United States, issued a report today that identifies the current list of remaining cross-border implementation issues related to global reform of OTC derivatives markets. The report also includes a summary of the status of such issues and a timetable for addressing them through a series of reports to the G20 Finance Ministers and Central Bank Governors over the course of 2014.

FSB Plenary Meets In London

Date 31/03/2014

At its meeting in London today, the Financial Stability Board (FSB) discussed vulnerabilities affecting the global financial system and reviewed work plans for completing core financial reforms.

Federal Court Orders St. Augustine, Florida Couple And Their Company To Pay $5.76 Million For Defrauding Customers In Foreign Currency Scheme - Queen Shoals Consultants, Gary D. Martin, and Brenda K. Martin Charged In March 2011 CFTC Anti-Fraud Action

Date 31/03/2014

The U.S. Commodity Futures Trading Commission (CFTC) obtained federal court supplemental consent Order requiring Defendants Gary D. Martin and Brenda K. Martin of St. Augustine, Florida, and their company, Queen Shoals Consultants, LLC (QSC) of Charlotte, North Carolina, to jointly pay a total of $5.76 million in civil monetary penalties for defrauding customers through a retail foreign currency (forex) trading scheme (see CFTC Press Release and Complaint 6004-11, March 17, 2011). None of the Defendants has ever been registered with the CFTC.

SEC Charges Two Men With Insider Trading on Confidential Information From Their Wives

Date 31/03/2014

The Securities and Exchange Commission today announced two separate cases against men who profited by insider trading on confidential information they learned from their wives about Silicon Valley-based tech companies. 

EBA Publishes Final Draft Technical Standards On Prudent Valuation

Date 31/03/2014

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) laying out the requirements related to prudent valuation adjustments of fair valued positions. The objective of these draft RTS is to determine prudent values that can achieve an appropriate degree of certainty while taking into account the dynamic nature of trading book positions. These standards will be part of the EU Single Rulebook in banking aimed at enhancing regulatory harmonisation.

All-Encompassing Enforcement: The Robust Use Of Civil And Criminal Actions To Police The Markets, SEC Chair Mary Jo White, March 31, 2014

Date 31/03/2014

Introduction

Thank you, David Prince, for that kind introduction.  I have participated in this event for many years and have always considered this conference to be all about the compliance and legal issues that are most important to the integrity of our securities markets.  Now, as Chair of the SEC, I would like to thank you for the work you do day in and day out to protect investors and keep our markets robust and safe.

CFTC, Office Of Financial Research Sign Memorandum Of Understanding To Improve Data Quality

Date 31/03/2014

The Commodity Futures Trading Commission Acting Chairman Mark Wetjen and Office of Financial Research Director Richard Berner today announced a Memorandum of Understanding on the terms and conditions for the CFTC and OFR to begin a joint project to enhance the quality, types and formats of data collected from registered swap data repositories.

Egyptian Exchange Chairman Calls For More Attention To SMEs Funds

Date 31/03/2014

The Egyptian Exchange (EGX) Chairman, Dr. Mohammed Omran stressed on the vital role that the mutual funds should play as a major component of the Egyptian economy.  He pointed that it's time to give more attention for small and medium enterprises (SMEs) funds which represent a large segment of the national economy.

Abacus Group Announces Strategic Partnership With LiquidityBook - LiquidityBook’s LBX Full Front-To-Back Buy-Side Solution Now Available On The Abacus Private Cloud

Date 31/03/2014

Abacus Group LLC, a leading provider of hosted IT solutions for hedge funds and private equity funds, and LiquidityBook, a full suite financial technology company with customized solutions for securities firms and market participants, announced a strategic partnership to host LiquidityBook’s complete buy-side solution, LBX,  in the AbacusFLEX private cloud environment.