News Centre

Brian Bussey Named Associate Director For Derivatives Policy And Trading Practices In Division Of Trading And Markets

Date 27/10/2011

The Securities and Exchange Commission today announced that Brian A. Bussey has been named Associate Director for Derivatives Policy and Trading Practices in the Division of Trading and Markets.

Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index

Date 27/10/2011

Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Thursday, October 27, 2011:

• Inca Pacific Resources Inc. (TSXVN:IPR) will be removed from the index. The shares of the company will be delisted from the TSX Venture Exchange having been acquired by Compania Mineral Milpo SAA (Lima:MIL).

Olli Rehn Vice-President Of The European Commission And Member Of The Commission Responsible For Economic And Monetary Affairs And The Euro The Roadmap To A New Stability Culture In Europe Bundestag Berlin, 27 October 2011

Date 27/10/2011

Honourable Members, Ladies and Gentlemen,

I am honoured to talk to such a large and distinguished audience today in the wake of yesterday's exceptionally important Eurozone Summit.

SEC Names Peter Curley As Associate Director For Clearance And Settlement In Division Of Trading And Markets

Date 27/10/2011

The Securities and Exchange Commission today announced that Peter J. Curley has been named Associate Director for Clearance and Settlement in the SEC’s Division of Trading and Markets.

BM&FBOVESPA Leads Delegation In China To Initiate New Trading Phase Between Markets - Schedule Includes Visits And Meetings With Chinese Investors, Brokerage Houses, Exchanges And Associations - The Brazil–China Capital Markets Forum Takes Place Tomorrow In Shanghai

Date 27/10/2011

This week a Brazilian delegation arrived in China. It was organized by BM&FBOVESPA and includes representatives from banks, asset managers, brokerage houses and publicly traded companies. Since Monday, the group has followed a schedule that includes meetings, seminars and visits with Chinese brokerage houses, investors and exchanges. “This visit represents a new phase in the relationship between China and Brazil, as we are beginning to explore concrete business possibilities between the two markets,” said BM&FBOVESPA Chief Executive Officer Edemir Pinto, who will open the 2nd Brazil–China Capital Markets Forum on Thursday in Shanghai. The first event took place in February in São Paulo.

Financial Stability Board Publishes Recommendations To Strengthen Oversight And Regulation Of Shadow Banking

Date 27/10/2011

The Financial Stability Board (FSB) published today a report on Shadow Banking:Strengthening Oversight and Regulation. This report provides the FSB’s recommendations on this subject that were requested by the G20 Leaders at the November 2010 Seoul Summit.

ISDA Updates Greek Sovereign Debt Q&A

Date 27/10/2011

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that following recent events related to the restructuring of Greek sovereign debt, it has updated its Greek sovereign debt Q&A. The document, which can be accessed at the ISDA website includes responses to the most frequently asked questions regarding the application of credit default swaps contracts in Greek sovereign debt. It outlines the triggers for credit events, the process for determining a credit event and the current amount of CDS notional outstanding on Greek sovereign debt.

SIFMA Issues Quarterly Government Securities Issuance And Rates Forecast For 4Q 2011

Date 27/10/2011

SIFMA today issued its quarterly government securities issuance and rates forecast for the fourth quarter of 2011. The full report is available at the following link:  www.sifma.org/GovtForecast4Q2011/ 

SEC Orders FINRA To Improve Internal Compliance Policies And Procedures

Date 27/10/2011

The Securities and Exchange Commission today ordered the Financial Industry Regulatory Authority (FINRA) to hire an independent consultant and undertake other remedial measures to improve its policies, procedures, and training for producing documents during SEC inspections.

FINRA Statement On SEC Regulatory Action

Date 27/10/2011

The Financial Industry Regulatory Authority (FINRA) today issued the following statement from Richard Ketchum, FINRA Chairman and Chief Executive Officer, regarding a settlement between FINRA and the Securities and Exchange Commission (SEC) arising from documents produced during a 2008 SEC oversight examination of the Kansas City District Office. At issue was the alteration by the Director of the Kansas City office at the time, of three staff meeting minutes. Two of the meetings were conducted in 2006 and one was conducted in January 2007.