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Moscow Exchange Announces Results For The Second Quarter Of 2013

Date 29/08/2013

Moscow Exchange (MOEX) today announces its IFRS results for the three months ended 30 June 2013. Strong earnings were driven by growth across our highly diversified business, particularly by derivatives and money-market products.
New Zealand's Financial Markets Authority: David Ross Pleads Guilty

Date 29/08/2013

Wellington financial adviser David Robert Gilmour Ross (63) today pleaded guilty in the Wellington District Court to charges laid by the Serious Fraud Office (SFO) and the Financial Markets Authority (FMA).
The Need For Effective Regulation Of The Asset-Backed Securities Market, Commissioner Luis A. Aguilar, U.S. Securities And Exchange Commission

Date 29/08/2013

Today, the U.S. Securities and Exchange Commission (“Commission” or “SEC”), acting jointly with the Federal banking and housing agencies, re‑proposes rules to require credit risk retention by sponsors of asset-backed securities (“ABS”), as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”). It is important to note that today’s re-proposal is one of various actions taken or proposed by the Commission to improve the ABS market. Accordingly, today’s action should be considered in that context, and I encourage commenters to address that multi-pronged approach. In that regard, I urge the Commission to adopt robust rules requiring loan-level disclosures in ABS offerings, which were originally proposed more than three years ago.
Statement On The Re-Proposal Of Rules Related To Risk Retention, Commissioner Kara M. Stein, U.S. Securities and Exchange Commission

Date 28/08/2013

Today the Commission approved a re-proposal of rules implementing the credit risk retention requirement of Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”). This is a joint re-proposal of rules among the Commission, federal banking agencies, and federal housing agencies.
Citadel, Virtu Financial, Two Sigma And RGM Advisors Among Bidders for E-Trade's Market-Making Unit - Reuters

Date 28/08/2013

Citadel, Virtu Financial, Two Sigma and RGM Advisors are among the bidders for E-Trade's market-making unit in a deal expected to be worth between USD 100m to USD 200m, according to Reuters, citing several sources with direct knowledge of the situation.

Statement Regarding Joint Rule Reproposal Concerning Credit Risk Retention, Commissioner Michael S. Piwowar, Securities And Exchange Commission

Date 28/08/2013

The Securities and Exchange Commission (“SEC” or “Commission”) today approved a joint rule reproposal to implement Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”). I am not able to support the release in the form approved because the reproposal does not contain necessary economic analyses and does not adequately consider alternatives to credit risk retention requirements or the interplay between those requirements and other regulatory reforms.
Financial Stability Board: Consultative Document: Assessment Methodology For The Key Atttributes Of Effective Resolution Regimes For Financial Institutions

Date 28/08/2013

Solving the "too big to fail" problem requires effective and credible resolution regimes. The Key Attributes of Effective Resolution Regimes for Financial Institutions ("Key Attributes"), which were endorsed by the G20 in November 2011, set out the responsibilities, instruments and powers that resolution regimes should have for all parts of the financial sector that could cause systemic problems. As an international standard, G20 jurisdictions have publicly committed to implement them.
OneChicago Holiday Notice – Labor Day 2013

Date 28/08/2013

OneChicago (OCX) will be closed on Monday, September 2, 2013 in observance of the upcoming Labor Day Holiday, which is consistent with U.S. equity markets. OneChicago will be open on Tuesday, September 3, 2013.
Direct Edge Trading Notice #13-37: Market Holiday Reminder – Labor Day

Date 28/08/2013

EDGA Exchange, Inc. (EDGA^®) and EDGX Exchange, Inc. (EDGX^®) will be closed on Monday, September 2, 2013, in observance of Labor Day. Both exchanges will resume normal trading hours on Tuesday, September 3, 2013.
U.S. Agencies Request Comment On Proposed Risk Retention Rule

Date 28/08/2013

Six federal agencies today issued a notice revising a proposed rule requiring sponsors of securitization transactions to retain risk in those transactions. The new proposal revises a proposed rule the agencies issued in 2011 to implement the risk retention requirement in the Dodd-Frank Wall Street Reform and Consumer Protection Act.