News Centre

UK's Financial Services Authority: UBS Fined £160 Million For Significant Failings In Relation To LIBOR And EURIBOR

Date 19/12/2012

The Financial Services Authority (FSA) has fined UBS AG (UBS) £160 million for misconduct relating to the London Interbank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (EURIBOR). This is the largest fine ever imposed by the FSA.

Closure Of Bursa Malaysia Berhad – Christmas And New Year

Date 19/12/2012

Bursa Malaysia and its subsidiaries will be closed on these dates in conjunction with the following public holidays:

New Zealand's Financial Markets Authority AFA Update: Issue # 9

Date 19/12/2012

AFA Survey Findings

We had an unprecedented response to our survey and wish to thank all of those who participated. We have attached our report setting out key themes and outlining our responses to the issues.  FMA has already started talking to industry about these issues and we will continue this dialogue in 2013. 
AFA Survey 2012 - Summary of Findings and FMA response.

ASIC: Former BG Executive Jailed For Insider Trading

Date 19/12/2012

A former executive vice president of BG Group plc, a large international gas company, has today been jailed for insider trading following an ASIC investigation. 

Osaka Securities Exchange SPAN Parameters During The Year Change Period

Date 19/12/2012

OSE will announce SPAN Parameters for calculating margin requirements at the end of 2012 and at the beginning of 2013 as below.

CME Group Announces The Expansion Of Its Currency Product Suite With The Addition Of Indian Rupee FX Futures Contracts - New Product Offering Aimed At Providing Global Customers Access Into The Fast Growing Indian Market

Date 19/12/2012

CME Group, the world's leading and most diverse derivatives marketplace and the owner of the largest regulated market for foreign exchange, today announced the launch of new foreign exchange (FX) futures contracts based on the Indian Rupee (INR). The target launch date for these contracts is for a trade date of Monday, January 28, 2013. INR futures will be listed on and subject to the rules and regulations of CME, pending regulatory approval.

Trading Hours On Nzx.com

Date 19/12/2012

NZX wishes to confirm that the NZSX, NZAX, NZDX and FSM markets will be closed on 2 January 2013. The Derivatives market will trade for an abbreviated amount of time. This will be reflected on nzx.com overnight.

CFTC Releases Rule Enforcement Review Of ICE Futures US

Date 19/12/2012

The Commodity Futures Trading Commission (Commission) has notified ICE Futures U.S. (ICE Futures or Exchange) of the results of a rule enforcement review completed by the Commission’s Division of Market Oversight (Division). The review covered the target period from November 1, 2010 to November 1, 2011. The Division assessed the Exchange’s compliance with new Core Principle 13, relating to the Exchange’s disciplinary program.

Richard Costigan Re-Elected To CalPERS Board

Date 19/12/2012

The California State Personnel Board (SPB) has re-elected Richard Costigan as its representative to the California Public Employees’ Retirement System (CalPERS) Board of Administration.

CFTC Issues Interim Final Rules Regarding Business Conduct And Documentation Requirements For Swap Dealers And Major Swap Participants

Date 18/12/2012

The Commodity Futures Trading Commission (CFTC) today approved interim final rules for swap dealers and major swap participants who would otherwise be required to comply with certain business conduct and documentation requirements found in provisions of subpart F, subpart H, and subpart I to part 23 of the Commission’s Regulations. The Commission voted [5-0] via seriatim to approve the interim final rules, which will become effective immediately upon publication in the Federal Register.