News Centre

European Parliament And Council Of Ministers: Deal To Regulate Financial Markets And Products And Curb High-Frequency Trading

Date 15/01/2014

Comprehensive rules to govern financial markets were agreed informally by negotiators for Parliament and the Council of Ministers on Tuesday. These rules are designed to close the loopholes in the existing legislation, ensuring that financial markets are safer as well as more efficient, investors are better protected, speculative commodity trading is curbed and high-frequency trading is regulated.

TOM Insight December 2013

Date 15/01/2014

Click here to download TOM’s December ‘13 Insight, a document describing matching statistics on TOM MTF and savings made for the retail client by TOM Smart Execution.

Thai Bourse’s Contact And Customer Services Temporarily Moved From January 15

Date 15/01/2014

The Stock Exchange of Thailand (SET) has temporarily re-located its contact and customer services to Esplanade shopping center, Ratchadapisek Road, Bangkok, replacing the SET building on the same road, due to the current political situation, starting from January 15 until further notice.

Dissenting Statement Regarding Adoption Of Interim Final Rule Regarding Certain CDOs Backed By TruPS As A "Companion Rule" To The Volcker Rule By SEC Commissioner Michael S. Piwowar

Date 15/01/2014

It took only days for my concerns about the so-called Volcker Rule to be confirmed.  The public has already identified two serious flaws in the final rule, both related to a change in the definition of “ownership interest” from the proposal.  Those flaws are the result of a needlessly rushed rulemaking process and the agencies’ unwillingness to perform a reasoned analysis to understand the potential impacts of the many changes in the final rule.  The speed with which these concerns were brought to our attention suggests that if the rule had been reproposed we could have avoided the current need to develop expedited fixes.  Instead of adopting a “companion rule” to resolve our error with respect to the TruPS issue, we should immediately rescind and repropose the entirety of the Volcker Rule with a comment period sufficiently long enough for the public to identify other unintended consequences.  Engaging in a deliberative, thoughtful rulemaking process is the only way to ensure that rules work as intended.

Statement Of Concurrence By Commissioner Scott D. O’Malia On The Volcker Rule Treatment Of Certain CDOs Backed Primarily By TruPS

Date 15/01/2014

I support the interim final rule adopted by the Commission and the OCC, Federal Reserve Board, FDIC, and SEC (“Agencies”). When an unintended consequence of a regulation is discovered, it is imperative that it be expeditiously corrected to avoid unintentional harm to affected parties. Broken rules must be fixed, and I applaud the work of the Agencies to quickly respond to the public’s concerns and comments regarding the holding of TruPS CDOs by community banks affected by the Volcker Rule.

Testimony By lMichael S. Gibson, Director, Federal Reserve Division Of Banking Supervision And Regulation - Physical Commodities - Before The Subcommittee On Financial Institutions And Consumer Protection, Committee On Banking, Housing, And Urban Affairs, U.S. Senate, Washington, D.C., January 15, 2014

Date 14/01/2014

Chairman Brown, Ranking Member Toomey, and other members of the subcommittee, thank you for the opportunity to testify at today's hearing. First, I will discuss the history of bank and bank holding company engagement in physical commodity activities. I will then address the Federal Reserve's approach to supervising financial institutions engaged in physical commodities activities. I will close my remarks by discussing the Federal Reserve's ongoing review of the physical commodities activities of the institutions we supervise.

U.S. Federal Agencies Approve Interim Final Rule Authorizing Retention Of Interests In And Sponsorship Of Collateralized Debt Obligations Backed Primarily By Bank-Issued Trust Preferred Securities

Date 14/01/2014

Five federal agencies on Tuesday approved an interim final rule to permit banking entities to retain interests in certain collateralized debt obligations backed primarily by trust preferred securities (TruPS CDOs) from the investment prohibitions of section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, known as the Volcker rule.

Acting CFTC Chairman Mark Wetjen Statement Of Support

Date 14/01/2014

Acting Chairman Mark Wetjen today made the following statement of support on the interim final rule adopted by the CFTC and the other Volcker Rule agencies:

“I support the interim final rule adopted by the CFTC and the other Volcker Rule agencies. The Commission believed it was important to join the other agencies in ensuring community banks are protected, as Congress directed, from restrictions in the Volcker Rule intended to lower the risk of large financial institutions.”

TMX Group Limited To Announce Financial Results For Q4 2013 On Wednesday, February 5, 2014

Date 14/01/2014

On Wednesday, February 5, 2014, TMX Group Limited will announce its financial results for the fourth quarter and year ended December 31, 2013. An analyst conference call to review the results will be held at 8:00 a.m. ET. Phone numbers for the live call are 647-427-7450 or 1-888-231-8191. An audio replay of the conference call will be available at 416-849-0833 or 1-855-859-2056, pass code 32073205.

Ontario Securities Commission: In the Matter Of Conrad M. Black Et Al.

Date 14/01/2014

The Commission issued an Order in the above named matter which provides that:

A motion requested by Black to stay proceedings or, alternatively, for directions regarding the scope of issues to be determined at the hearing will be heard on March 26 and March 27, 2014, commencing at 10:00 a.m., and written materials will be filed according to the following schedule:

        a.     Black shall serve and file a final motion record, including any affidavits to be relied upon, and any additional submissions, by February 7, 2014; and

        b.     Staff shall serve and file any responding materials by March 13, 2014; and

        c.     Black shall serve and file any reply materials by March 21, 2014.