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  • IOSCO Announces Commodity Derivatives Markets Supervisory Principles

    Date 15/09/2011

    The Technical Committee of the International Organization of Securities Commissions (IOSCO) has today published its report on Principles for the Regulation and Supervision of Commodity Derivatives Markets.  The Report, prepared by the Task Force on Commodity Futures Markets, addresses the G20’s November 2010 request for further work on regulation and supervision of physical commodity derivatives markets.

  • UBS Has Discovered Loss Due To Unauthorized Trading By Trader In Its Investment Bank

    Date 15/09/2011

    UBS has discovered a loss due to unauthorized trading by a trader in its Investment Bank. The matter is still being investigated, but UBS's current estimate of the loss on the trades is in the range of USD 2 billion. It is possible that this could lead UBS to report a loss for the third quarter of 2011. No client positions were affected.

  • SIX Exchange Regulation: Fine Imposed On ABN AMRO Clearing Bank N.V., Amsterdam

    Date 15/09/2011

    As a participant of SIX Swiss Exchange and Scoach Switzerland, ABN AMRO Clearing Bank N.V., Amsterdam has violated the provisions governing the audit of participants. The Sanction Commission of SIX Swiss Exchange / Scoach Switzerland has imposed a fine in the amount of CHF 50,000 on ABN AMRO Clearing Bank N.V., Amsterdam, and ordered publication of the sanction decision. In addition, the costs of the proceedings were imposed on the participant.

  • Sharekhan To Commence Advisory Operations From Dubai International Financial Centre

    Date 15/09/2011

    Sharekhan Investment Services Ltd, a subsidiary of Sharekhan Ltd., India’s leading retail stock brokerage houses with a strong online trading platform, has received a license from the Dubai Financial Services Authority (DFSA) to operate in the Dubai International Financial Centre (DIFC). This license re-affirms Sharekhan’s commitment to grow its Middle East operations. They have also attained a retail endorsement which permits them to offer services to Retail clients.

  • CalPERS Board Censures Board Member

    Date 14/09/2011

    The California Public Employees’ Retirement System (CalPERS) Board of Administration today publicly censured board member JJ Jelincic for his involvement in a personnel action based on complaints filed by coworkers at CalPERS.