News Centre

Federal Court In Florida Orders More Than $8 Million In Sanctions Against Defendants Philip Leon And Paul Rangel For Commodity Pool Fraud And Misappropriation - In A Parallel Criminal Action, Leon Pleaded Guilty To Mail And Wire Fraud

Date 18/12/2013

The U.S. Commodity Futures Trading Commission (CFTC) obtained federal court Orders requiring Defendants Philip Leon, of Altamonte Springs, Florida, to pay a $4 million civil monetary penalty and $1,598,343 in disgorgement and Paul Rangel, of Apopka, Florida, to pay a $1.7 million civil monetary penalty and $819,781 in disgorgement to settle CFTC charges related to a fraudulent commodity pool scheme. The consent Orders of permanent injunction, both entered on December 17, 2013 by Judge Gregory A. Presnell of the U.S. District Court for the Middle District of Florida, also impose permanent trading and registration bans against Leon and Rangel and prohibit them from violating provisions of the Commodity Exchange Act and a CFTC Regulation, as charged.

Council Of The European Union: Lithuanian Presidency Reaches Political Agreement On The Regulation On Central Securities Depositories

Date 18/12/2013

The Lithuanian Presidency has on December 18 in Brussels reached a preliminary political agreement with the European Parliament on the Regulation on improving securities settlement in the EU and on central securities depositories, pending technical finalisation.

CFTC Commitments Of Traders Reports Update

Date 18/12/2013

The current reports for the week of December 10, 2013 are now available.

IntercontinentalExchange Announces 2013 Achievements - NYSE Leads In Capital Raised, Total IPOs And Technology IPOs - Third Consecutive Year as Global Leader in IPOs - $59B Total Proceeds Raised - 157 IPOs, Most Since 2007

Date 18/12/2013

Federal Reserve Issues FOMC Statement

Date 18/12/2013

Information received since the Federal Open Market Committee met in October indicates that economic activity is expanding at a moderate pace. Labor market conditions have shown further improvement; the unemployment rate has declined but remains elevated. Household spending and business fixed investment advanced, while the recovery in the housing sector slowed somewhat in recent months. Fiscal policy is restraining economic growth, although the extent of restraint may be diminishing. Inflation has been running below the Committee's longer-run objective, but longer-term inflation expectations have remained stable.

Federal Reserve Board And Federal Open Market Committee Release Economic Projections From The December 17-18 FOMC Meeting

Date 18/12/2013

The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Reserve Board members and Federal Reserve Bank presidents for the December 17-18 meeting of the Federal Open Market Committee.

European Banking Authority Publishes Reports On Comparability Of Risk Weighted Assets (RWAs) And Pro-Cyclicality

Date 18/12/2013

In the context of its ongoing work on comparability of RWAs, the European Banking Authority (EBA) published today three reports: (i) an interim report on the consistency of RWAs in SMEs and residential mortgages portfolios; (ii) a report on the comparability of supervisory rules and practices; and (iii) a report on variability of RWAs for market risk portfolios. Furthermore, the EBA also released its report on the pro-cyclicality of banks' capital requirements, which supplements the work on comparability, together with a summary report that compiles all the work on comparability of RWAs for IRB models.

Amendment Of WSE Dividend Policy

Date 18/12/2013

• WSE becomes more attractive as a dividend-paying company. 
• The Exchange Management Board will recommend dividend payment to the General Meeting based on the consolidated profit of WSE Group instead of the separate profit of WSE.

European Banking Authority Publishes Final Draft Technical Standards On Market Risk

Date 18/12/2013

The European Banking Authority (EBA) published today final draft Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) related to market risk. In particular, the EBA published (i) RTS on the definition of materiality thresholds for specific risk in the trading book; (ii) ITS on closely correlated currencies; (iii) RTS on non-delta risk of options in the standardised market risk approach; and (iv) ITS on appropriately diversified indices. The standards will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union (EU).

Statement On Proposed Rules To Amend Regulation A, Commissioner Kara M. Stein, U.S. Securities And Exchange Commission, Washington, D.C., Dec. 18, 2013

Date 18/12/2013

Today, the Commission is taking an important step towards completing its responsibilities under the Jumpstart Our Business Startups Act, commonly called the JOBS Act.