News Centre

CFTC’s Division Of Market Oversight Issues Time-Limited, No-Action Relief For Swap Dealers And Major Swap Participants From The Reporting Provisions Of Part 45 For CDS Clearing-Related Swaps

Date 19/12/2012

The Commodity Futures Trading Commission’s (“Commission”) Division of Market Oversight (“Division”) today issued a no-action letter providing time-limited relief to Swap Dealers (“SDs”) and Major Swap Participants (“MSPs”) from the obligation to report swap data under part 45 of the Commission’s regulations for cleared credit default swaps (“CDS”) that are entered into pursuant to a derivatives clearing organization’s (“DCO”) rules related to its price submission process for determining end-of-day settlement prices for cleared CDS (“CDS Clearing-Related Swaps”).

CME Group Mourns The Passing Of Those Lost In Newtown, CT With A Moment Of Silence

Date 19/12/2012

In remembrance of those lost in Newtown, Connecticut, CME Group will observe a moment of silence on its trading floors in Chicago and New York. In addition, electronic trading on CME Globex will observe a voluntary moment of silence for all CME, CBOT, NYMEX and COMEX products. The moment of silence will last for one minute.

ESMA Publishes Supervisory Briefings In The Area Of MiFID

Date 19/12/2012

ESMA has today published two briefings, on Suitability and Appropriateness and execution only.

TMX Group - Top 20 Largest Consolidated Short Position Report - December 15, 2012

Date 19/12/2012

Please find below the Top 20 Largest Consolidated Short Position Report Highlights. The report is produced twice monthly, effective the 15th and the end of each month. The report below covers the 2-week period ending December 15, 2012.

NYSE Euronext Is The Global Leader In IPO Proceeds Raised For Second Consecutive Year - Raised $36 Billion In Total Global Proceeds From 117 IPOs - Led The U.S. Market In Listing With 79 Transactions, 23 Technology IPOs And 16 Transfers - In Europe, Raised €2.7 Billion ($3.5 Billion) In Proceeds On 25 New Listings

Date 19/12/2012

Statement Re: Press Speculation - London Stock Exchange Group And LCH.Clearnet Group

Date 19/12/2012

London Stock Exchange Group Plc ("LSEG") and LCH.Clearnet Group Limited ("LCH.Clearnet") note the recent press speculation in respect of the proposed transaction between the two companies. 

ESMA Publishes An Updated Q&A On Prospectus

Date 19/12/2012

This new set of Q&A readopts CESR positions as ESMA positions or amends them to reflect ESMA positions. it also includes a new Q&A on “type of underlying”.

Warsaw Stock Exchange And Gazeta Giełdy Parkiet Sign Memorandum Of Understanding For The Capital Market

Date 19/12/2012

• On 19 December 2012, representatives of the WSE and GG Parkiet signed a letter of intent concerning co-operation in support of the Polish capital market
• The main goals of co-operation are to enhance the quality of knowledge of capital market participants and improve their access to information

Statement From The Non-Executive Directors Of The Bank Of England - Mark Carney Salary

Date 19/12/2012

Under statute the Non-Executive Directors of the Bank of England determine the remuneration of the Governor and the Deputy Governors.   At their recent meeting, they confirmed their agreement to the salary of the next Governor when he takes up his appointment on 1st July 2013 which will be £480,000 per annum and to his entitlement to a cash allowance in lieu of pension of 30% of salary.   Although the next Governor’s salary of £480,000 is considerably higher than the salary of the current Governor (£305,000) the cost to the Bank of enrolling him in the now closed Pension Scheme previously available to the Governor and Deputy Governors would approximate to more than 100% of salary.   This compares with the 30% cash allowance in lieu of pension to which the next Governor will become entitled.

U.S. Assistant Attorney General Lanny A. Breuer Speaks At The UBS Press Conference

Date 19/12/2012

Thank you, Attorney General Holder.  

Today, UBS Japan has agreed to plead guilty in connection with one of the most significant scandals ever to hit the global banking industry.   For years, including at the height of the financial crisis, UBS manipulated its submissions to the British Bankers’ Association for calculation of the London Interbank Offered Rate, or LIBOR.   UBS AG, the banking giant and parent company of UBS Japan, has also entered into a non-prosecution agreement with the Justice Department, agreeing together with UBS Japan to pay $500 million to resolve our allegations related to the bank’s manipulation of LIBOR.   Together with approximately $1 billion in regulatory penalties and disgorgement, these criminal penalties bring the total amount of today’s resolution to $1.5 billion.