News Centre

Federal Energy Regulatory Commission Orders $453 Million In Penalties For Western Power Market Manipulation

Date 17/07/2013

The Federal Energy Regulatory Commission (FERC) today ordered Barclays Bank PLC and four of its traders to pay $453 million in civil penalties for manipulating electric energy prices in California and other western markets between November 2006 and December 2008. FERC also ordered Barclays to disgorge $34.9 million, plus interest, in unjust profits to the Low-Income Home Energy Assistance Programs of Arizona, California, Oregon, and Washington. 

ISDA Credit Derivatives Determinations Committee: Desarrolladora Homex, S.A.B. De C.V. Failure To Pay Credit Event

Date 16/07/2013

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Americas Credit Derivatives Determinations Committee resolved that a Failure to Pay Credit Event occurred in respect of Desarrolladora Homex, S.A.B. de C.V.

CFTC Names Christopher Ehrman As Director Of Whistleblower Office

Date 16/07/2013

Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler today announced that Christopher Ehrman has been named as the new director of the CFTC’s Whistleblower Office.

Toronto Stock Exchange And TSX Venture Exchange Host Second Annual Charity Golf Tournament

Date 16/07/2013

Toronto Stock Exchange, TSX Venture Exchange, Equicom and TMX Equity Transfer Services will today host the second annual TMX Charity Golf Classic in Vancouver, B.C. Last year's inaugural tournament raised net proceeds of over $100,000 for benefiting charities.

SEC Announces Compliance Outreach Program Regional Seminars For Investment Adviser And Investment Company Senior Officers

Date 16/07/2013

The Securities and Exchange Commission today announced the schedule for its upcoming Compliance Outreach Program regional seminars in several cities around the country for investment adviser and investment company senior officers, including chief compliance officers (CCOs).

Financial Stability Board Releases Guidance Papers On Recovery And Resolution Planning

Date 16/07/2013

The Financial Stability Board (FSB) has today published three guidance papers to assist authorities and firms in implementing the recovery and resolution planning requirements under the Key Attributes of Effective Resolution Regimes for Financial Institutions (‘the Key Attributes’) endorsed by the G20 at Cannes:
(1)      Guidance on Developing Effective Resolution Strategies.
(2)      Guidance on Identification of Critical Functions and Critical Shared Services ; and
(3)      Guidance on Recovery Triggers and Stress Scenarios

NYSE Technologies And Citadel Securities First To Distribute Greysheet OTC Quote Feed Globally - Industry Leaders Working Together To Distribute Key Data Over A Trusted Global Network

Date 16/07/2013

NYSE Technologies, the commercial technology division of NYSE Euronext, today announced that it has reached an agreement with market-maker, Citadel Securities LLC, to offer the Citadel Securities Greysheet OTC Quote feed via SuperFeed™.  The Greysheet feed provides actionable real-time quotes for approximately 6,500 international OTC equity securities not found on any exchange but actively traded by investors around the world.  

Kenneth Lench, Chief Of Enforcement Division's Structured And New Products Unit, To Leave SEC After 23 Years Of Service

Date 16/07/2013

The Securities and Exchange Commission today announced that Kenneth R. Lench, chief of the Enforcement Division’s Structured and New Products Unit, will leave the agency for the private sector at the end of this month after more than 23 years of service.

DIFC Strengthens Core Emirati Team - The Authority Appoints New Head Of Marketing & Corporate Communication And Promotes Two UAE Nationals

Date 16/07/2013

Dubai International Financial Centre (DIFC) today announced the appointment of Nashwa Zakaria as Head of Marketing and Corporate Communications at DIFC Authority. In addition, the Authority announces the internal promotions of two additional UAE nationals, Shaima Al Gergawi and Khadija Ali. The new roles reflect DIFC’s commitment to the hiring, development and nurturing of Emirati talent.

Professor Elroy Dimson Appointed New Chair Of FTSE Policy Group

Date 16/07/2013

• Most senior position within the FTSE Governance Committees
• Professor Dimson brings extensive experience and knowledge of investment issues
• FTSE Policy Group works to ensure compliance with FTSE’s strong, transparent governance framework