News Centre

“The True Sign of Intelligence” - Remarks By CFTC Commissioner Scott D. O’Malia, Stevens Institute Of Technology- Hanlon Financial Systems Lab

Date 19/07/2012

Albert Einstein said, “The true sign of intelligence is not knowledge but imagination.”  I like the quote very much, and it reminds me of how the Commission must approach its oversight mission going forward.  I believe technology must play a larger and more foundational role in the Commission's execution of its market oversight responsibilities, risk management and in the protection of customer funds.

European Central Bank Governing Council Appoints Members Of The New T2S Board

Date 19/07/2012

The Governing Council of the European Central Bank (ECB) appointed the members of the T2S Board, the new management body for the TARGET2-Securities (T2S) Programme. The T2S Board has been established by the Eurosystem to be a streamlined management body for T2S and its responsibilities will include developing proposals for the Governing Council on key strategic issues and executing tasks assigned to it by the Governing Council, as laid down in the ECB Decision 2012/235/EU of 29 March 2012 on the establishment of the T2S Board. The new body takes over the role fulfilled so far by the T2S Programme Board.

Canadian Securities Regulators Announce Results Of Continuous Disclosure Reviews For Fiscal 2012

Date 19/07/2012

The Canadian Securities Administrators (CSA) today published Staff Notice 51-337 Continuous Disclosure Review Program Activities for the fiscal year ended March 31, 2012, which summarizes the results of the CSA’s continuous disclosure (CD) review program.

Program Trading Averaged 29.2 Percent Of NYSE Volume During July 9-13

Date 19/07/2012

The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released  its weekly program-trading data compiled from member firms' executed volume from  NYSE's orders database. The report includes trading on the NYSE for July 9-13.

Opinion Of The European Central Bank’s Governing Council On The Appointment Of An ECB Executive Board Member

Date 19/07/2012

The Governing Council of the European Central Bank (ECB) has adopted an opinion on a recommendation from the Council of the European Union on the appointment of a new member of the Executive Board of the ECB.

Federal Reserve Board Reaffirms Long-Standing Policy Of Applying Relevant International Risk-Management Standards To Fedwire Funds And Fedwire Securities Services

Date 19/07/2012

The Federal Reserve Board on Thursday reaffirmed its long-standing policy of applying relevant international risk-management standards to the Federal Reserve Banks' Fedwire funds and Fedwire securities services. These services play a critical role in the financial system and in facilitating the safe and efficient settlement of private-sector financial market utilities.

Irish Stock Exchange Extends Xetra Contract - Cooperation To Continue Until End Of 2016

Date 19/07/2012

Electronic securities trading at the Irish Stock Exchange (ISE) will continue to use Deutsche Börse’s trading system. The Irish Stock Exchange has extended the Xetra agreement with Deutsche Börse AG by a further four years until 31 December 2016. The two companies announced this decision today.

Instinet Named Best EMS Provider By Readers Of Waters

Date 19/07/2012

Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced it has been named “Best Execution Management System Provider” in the 2012 Waters Rankings for its Newport® 3 EMS.

ICE Clear Credit Designated Systemically Important In U.S.

Date 19/07/2012

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, confirmed that ICE Clear Credit, ICE's North American credit default swap (CDS) clearing house, was designated as a systemically important financial market utility by the Financial Stability Oversight Council and that ICE Clear Credit has waived the right to appeal that decision.

Press Conference By Tadahiro Matsushita, Japan's Minister For Financial Services - Insider Trading - Manipulation Of LIBOR - Possible Manipulation Of TIBOR

Date 19/07/2012

[Opening Remarks by Minister Matsushita]

As the House of Representatives' Budget Committee concluded its deliberation, deliberation will start in the House of Councillors today. I feel regret that there have been few questions concerning financial and economic issues. The debate focused on the consumption tax and issues related to the defection of lawmakers from the Democratic Party of Japan as well as the Okinawa issue, but I, as a freshman minister and as the minister for financial services, feel that a broader range of issues should be debated. I will closely watch what will be debated in the House of Councillors today.