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Opening Statement, Open Meeting On One Final Rule, CFTC Commissioner Scott D. O’Malia

Date 20/03/2012

Today, the Commission will consider one final rulemaking, combining four groups of rules that the Commission proposed in separate rulemakings relating to customer clearing documentation, the timing of acceptance for clearing, the allocation of bunched orders after clearing, and clearing member risk management.

BM&FBOVESPA Announces New Market Maker For Options On The Stock Of Companhia Siderúrgica Nacional (CSNA3)

Date 20/03/2012

BM&FBOVESPA announced today that Citadel Securities LLC is the third institution that has been selected as market maker for options on the stock of Companhia Siderúrgica Nacional S.A. (CSNA3). The market maker obligation will last for 12 (twelve) months as of April 09, 2012. The maximum volatility spread is 4%. The selected institution presented the lowest maximum volatility spread, which is defined as the percentage calculated on the basis of the ratio between the implied volatilities of the bid and offer prices.

SIX Swiss Exchange: DKSH Holding Ltd. (DKSH) Opens At CHF 51.00

Date 20/03/2012

Today, the shares of DKSH Holding Ltd. have been listed in accordance with the Main Standard and are traded on SIX Swiss Exchange for the first time. Up to 17,107,102 shares have been placed and DKSH has granted an over-allotment option of up to 10% of the shares offered to the syndicate banks. The opening price on SIX Swiss Exchange was CHF 51.00. This corresponds to a freefloat market capitalisation of CHF 872 Million.

Bloomberg Symbology Accepted By Finra For Regulatory Reporting - FINRA's TRACE Accepts Open And Free-Use Methodology For Naming Securities

Date 20/03/2012

Bloomberg executives announced today that the Financial Industry Regulatory Authority(FINRA), the largest independent regulator for securities firms doing business in the United States, now recognizes Bloomberg Open Symbology (BSYM) for its Trade Reporting and Compliance Engine (TRACE).

Deutsche Börse: SPDR S&P 500 ETF launched On Xetra

Date 20/03/2012

The SPDR S&P 500 ETF (SPY5 GY) issued by SPDR ETFs in Europe has been tradable on Xetra for the first time since Tuesday. The counterpart SPDR S&P 500 ETF (SPY US), which was issued in the US in 1993, is one of the largest and most traded ETFs worldwide.*

Remarks At The SIFMA C&L Conference By SEC Chairman Mary L. Schapiro

Date 20/03/2012

Good morning. It is a pleasure to be here. I always enjoy speaking at the  annual C&L conference because I know that we share an understanding – an  understanding that markets work best when they offer investors of every variety  access to the accurate information that supports informed decisions; when  trading venues are fair and honest; when rigorous internal compliance programs  protect against abusive practices; and when there is a vigorous examination and  enforcement regime to deter, detect, and punish.

Opening Statement, Tenth Open Meeting To Consider Final Rules Pursuant To Dodd-Frank Act By CFTC Commission Jill E. Sommers

Date 20/03/2012

Thank you Mr. Chairman.  First, I’d like to thank this rulemaking team for their hard work and diligence in crafting these final rules.  Today we are considering rules that address the documentation between a customer and a futures commission merchant that clears on behalf of a customer; the timing of acceptance or rejection of trades for clearing by derivatives clearing organizations and clearing members; and the risk management procedures of futures commission merchants (FCMs), swap dealers (SDs), and major swap participants that are clearing members.

European Commission: Financial Transaction Tax And Switzerland Dominate Discussion With Semeta

Date 20/03/2012

Any taxation of the financial sector must be based on the financial transaction tax model proposed by the Commission and Member States should not attempt to use "B or C plans", Taxation Commissioner Algirdas Semeta told the Economic and Monetary Affairs Committee on Tuesday. The debate also focused on tax agreements being negotiated by various Member States with Switzerland.

Global Financial Centres Index 11 Published Today - Chinese And Eurozone Centres Languish Whilst Offshore Centres Regain

Date 20/03/2012

Today the Z/Yen Group publishes the eleventh Global Financial Centres Index (GFCI 11) covering 77 financial centres. The big changes from GFCI 10 in September 2011 are:

• The past trend of large rises in the ratings of Asia/Pacific centres has paused. Hong Kong, Singapore, Tokyo, Shanghai, Beijing, Taipei and Shenzhen all decline in GFCI 11. Centres on the mainland of China have seen significant declines with Shanghai down 37 points and Beijing down 11.
• The capital cities of the weaker Euro economies continue to suffer. Dublin, Milan, Madrid, Lisbon and Athens were all down in GFCI 10 and this decline has continued in GFCI 11with these five centres all down in the rankings again.
• In contrast to the centres in the weaker Eurozone economies, Frankfurt and Paris have both risen in the ranks. This may be as a result of the political lead that Germany and France have been showing in attempting to come to terms with the Eurozone crisis.
• Offshore centres have suffered significant reputational damage recently. The man offshore centres are recovering lost ground. Jersey, Guernsey, the Cayman Islands, the British Virgin Islands, the Isle of Man, Gibraltar and Mauritius have all made modest gains in the ratings.

U.S. Treasury Department: Written Testimony Of Secretary Tim Geithner Before The House Committee On Financial Services On The State Of The International Financial System

Date 20/03/2012

Chairman Bachus, Ranking Member Frank, and members of the Committee, thank you for the opportunity to testify today on developments in Europe. Europe is a key strategic and economic partner of the United States, and we have an enormous stake in the success of European efforts to restore financial stability and secure growth. The U.S. recovery is getting stronger, but the strength of our recovery will depend in part on events beyond our shores, as we saw last year when U.S. growth was buffeted by headwinds from Europe.