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NYSE Liffe U.S. Reaches New Records In Volume And Customer Participation - Crosses Major Milestone With Over 500,000 In Total Exchange Open Interest -Substantial Volume And Open Interest Accomplished In Less Than 3 Months Of Trading -Successful Start Of The Migration Of MSCI Based Futures To NYSE Liffe U.S.

Date 14/06/2011

NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext (NYX), today announced that the exchange has reached a key milestone in customer participation with total exchange Open Interest surpassing a half million contracts and approaching 550,000.  Less than 3 months after launching Eurodollar and U.S. Treasury futures on the exchange, Open Interest is just under 470,000 with more than 4 million total contracts traded.  This level of volume, open interest and liquidity is evidence of the rapid acceptance of NYSE Liffe U.S. by customers and is an unprecedented accomplishment for a new futures exchange.

Component Changes Made To Dow Jones Islamic Market Indexes - Regular Annual And Quarterly Review Results

Date 14/06/2011

Dow Jones Indexes, a leading global index provider, today announced the results of the regular annual review of the Dow Jones Islamic Market Titans 100 Index and its three sub-indexes, Dow Jones Islamic Market U.S. Titans 50 Index, Dow Jones Islamic Market Asia/Pacific Titans 25 Index and Dow Jones Islamic Market Europe Titans 25 Index as well as the Dow Jones Islamic Market Malaysia Titans 25 Indexand the regular quarterly review of the Dow Jones Islamic Market World, Country and Regional indexes. All changes will be effective after the close of trading on Friday, June 17, 2011.

Federal Reserve Chairman Ben S. Bernanke At The Annual Conference Of The Committee For A Responsible Federal Budget, Washington, D.C.

Date 14/06/2011

Fiscal Sustainability

I am pleased to speak to a group that has such a distinguished record of identifying crucial issues related to the federal budget and working toward bipartisan solutions to our nation's fiscal problems. Today I will briefly discuss the fiscal challenges the nation faces and the importance of meeting those challenges for our collective economic future. I will then conclude with some thoughts on the way forward.

Mario Draghi Presents His Credentials As Candidate ECB President

Date 14/06/2011

Mario Draghi, candidate designate for the European Central Bank presidency, told Economic and Monetary Affairs Committee MEPs on Tuesday that the ECB must not be diverted from its primary goal of price stability and that he would use the European Parliament venue to strengthen the ECB's accountability to citizens. Voluntary involvement of private investors as part of a solution to the Greek crisis is workable, he added.

ISDA Research Note: On The Impossibility Of Correctly Calibrating The Current Exposure Method For Large OTC Derivatives Portfolios

Date 14/06/2011

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Written Testimony By U.S. Treasury Under Secretary For International Affairs Lael Brainard - House Financial Services Subcommittee On International Monetary Policy And Trade - “The Role Of The U.S. In The World Bank And Multilateral Development Banks: Bank Oversight And Requested Capital Increases”

Date 14/06/2011

Chairman Miller, Ranking Member McCarthy, distinguished members of the Committee, thank you for the opportunity to testify before the House Financial Services Committee, Subcommittee on International Monetary Policy and Trade regarding the central role the multilateral development banks (MDBs) play in promoting U.S. interests and leadership around the world.

ISDA Comment Letter To CFTC On Swap Data Recordkeeping & Reporting Requirements: Pre-Enactment And Transition Swaps

Date 14/06/2011

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CFTC Chairman Gary Gensler: Testimony Before The House Committee On Financial Services

Date 14/06/2011

CFTC Chairman Gary Gensler to testify before the House Committee on Financial Services

ISDA Announces New IIGC Co-chairs

Date 14/06/2011

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that Athanassios Diplas of Deutsche Bank and Charles Mulhern of Wellington Management Company have agreed to serve as co-chairs of the ISDA Industry Governance Committee (IIGC). The new co-chairs succeed Stephen O'Connor, who has stepped down as IIGC chair following his election as chairman of ISDA’s board of directors in April, 2011. 

“Do What You Can” - Opening Statement Of CFTC Commissioner Scott D. O’Malia, Effective Date Of Title VII Of The Dodd-Frank Act

Date 14/06/2011

Today we are voting on a proposed order aimed at providing legal certainty in the form “temporary exemptive relief” for swap market participants as of the July 16, 2011 general effective date of the Dodd-Frank Act. This temporary relief is necessary because: (1) the Commission has not yet put forth final rules defining such key terms such as “swap” and “swap dealer”; and (2) certain exemptions and exclusions for transactions in exempt and excluded commodities currently relied upon by market participants will be repealed effective July 16, 2011. The proposal is supposed to “ensure that current practices will not be unduly disrupted during the transition period to the new regulatory regime.” However, because we have yet to put forth an implementation schedule for the final rules as to their approval and effective dates, and because the proposal includes an arbitrary sunset provision that could cut that transition period short on December 31, 2011, the proposal, albeit “temporary” will likely not provide the necessary “relief.” Though it is the right thing to do at this time, I have concerns that this proposal will not provide the appropriate level of legal certainty, and if it is to last only a few months, will likely only serve to further confuse and frustrate the markets and market participants.