News Centre

FIA Statement On The Resignation Of CFTC Commissioner Jill Sommers

Date 24/01/2013

The Commodity Futures Trading Commission today announced that Commissioner Jill Sommers will leave the agency after five years in office. FIA issued the following statement in response to the announcement. 

Statement From New York Attorney General Schneiderman On The Appointments Of Mary Jo White And Richard Cordray

Date 24/01/2013

Attorney General Eric T. Schneiderman released the following statements today on President Obama’s appointment of Mary Jo White to lead the Securities and Exchange Commission, and the reappointment of Richard Cordray as Director of the Consumer Financial Protection Bureau:

“I applaud President Obama’s appointment of Mary Jo White to head the Securities and Exchange Commission. As U.S. Attorney, Ms. White demonstrated a strong commitment to aggressively enforcing one set of rules for all, and her outstanding record of bringing white collar criminals to justice speaks for itself. She is a tough, experienced prosecutor, which is exactly what the SEC needs right now to restore investor confidence. I look forward to working with Mary Jo White and her team to protect investors, bolster the integrity of our markets, and hold accountable those responsible for financial misconduct.”

SIFMA Statement On Nomination Of Mary Jo White For SEC Chairman

Date 24/01/2013

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., executive vice president, public policy and advocacy in response to President Obama’s nomination of Mary Jo White for chairman of the Securities and Exchange Commission (SEC). 

Statement Of CFTC Chairman Gary Gensler On Commissioner Jill Sommers’ Resignation

Date 24/01/2013

Today, Chairman Gary Gensler made the following statement:

“It has been an honor to serve along with Jill these last four years. I would like to thank Jill for her dedication to the Commission. She has brought significant experience and a clear and consistent voice to fulfilling the mission of the CFTC. Along with our fellow Commissioners, Jill has worked to bring common-sense swaps market reforms to life and to safeguard the integrity of the futures market. Jill has been essential to these historic efforts. I wish Jill well in all of her future pursuits, and I will miss working with her at the CFTC.”

CFTC Commissioner Jill Sommers Announces Her Resignation

Date 24/01/2013

Today, Commissioner Jill Sommers made the following statement:

“As I prepare to leave the Commodity Futures Trading Commission I would like to acknowledge the hard work and dedication of my fellow Commissioners and the many talented staff with whom I have had the pleasure of working for the past five years. While many challenges remain in finalizing the implementation of the Dodd-Frank Act, I have every confidence that the American public will be well-served by their continuing efforts.”

Oslo Børs’ Acquisition Of Burgundy AB

Date 24/01/2013

Oslo Børs ASA has received approval from the Swedish Financial Supervisory Authority (Finansinspectionen) to acquire all shares in Burgundy AB. The acquisition will take place shortly.

Updated MIAX Technical Alert: MIAX Options Exchange Limit Up/Limit Down (LU-LD) And Market Wide Circuit Breaker (MWCB) Industry Testing Participation

Date 24/01/2013

The MIAX Options Exchange has rescheduled its participation in the Limit Up/Limit Down (LU-LD) and Market Wide Circuit Breaker (MWCB) industry tests to the Saturday, February 2, 2013 test date. MIAX will not participate in the Saturday, January 26, 2013 test.

BM&FBOVESPA: The Exchange At São Paulo City Anniversary

Date 24/01/2013

There will be no trading on the equity, corporate securities and derivatives markets on January 25.

ICAP Statement Re. Press Coverage

Date 24/01/2013

ICAP notes recent press coverage. As previously disclosed, ICAP has been asked to provide information to various agencies investigating the setting of Libor and is cooperating with those inquiries. As part of the FSA’s inquiries, one of ICAP’s interdealer broker subsidiaries has been notified that it is the subject of an FSA investigation. The investigation is confidential, accordingly no further comment will be made at this stage.

FSB Workshop On Compensation Practices

Date 24/01/2013

As recommended by the June 2012 implementation progress report on compensation practices, the FSB organized a workshop on 19 November 2012 to share experiences and lessons from the implementation   of the FSB Principles and Standards for  Sound Compensation Practices (Principles and Standards) by financial institutions.