News Centre

CalPERS Names Robert Glazier Deputy Executive Officer For External Affairs

Date 15/06/2011

The California Public Employees’ Retirement System (CalPERS) today announced the appointment of Robert Udall Glazier – a 28-year communications veteran in the public and private industries – as the pension fund’s new Deputy Executive Officer for External Affairs.

Speech Given By Sir Mervyn King, Governor Of The Bank Of England At The Lord Mayor’s Banquet For Bankers And Merchants Of The City Of London At The Mansion House, 15 June 2011

Date 15/06/2011

My Lord Mayor, Mr Chancellor, My Lords, Ladies and Gentlemen: 

In recent years, I have set the Mansion House audience a numerical examination.  After a pleasant dinner, you will not want to listen to more numbers.  A more literary style is appropriate.  So my question to you tonight is:  which aspect of financial regulation is most deserving of the adjective “tragic”?  The answer comes later. 

Speech At The Lord Mayor’s Dinner For Bankers And Merchants Of The City Of London By The Chancellor Of The Exchequer, Mansion House, London

Date 15/06/2011

Lord Mayor, a year ago, standing here just five weeks after the Government had come to office, I spoke about the financial crisis and I quoted what Winston Churchill had said in this very room in the middle of the war.

Speech By SEC Commissioner Troy A. Paredes: Statement At Open Meeting To Propose Rule Amendments Regarding Broker-Dealer Reports

Date 15/06/2011

Thank you, Chairman Schapiro.

The recommendation before us is to propose rule amendments regarding broker-dealer annual reporting, audit documentation, and custody-related disclosures on a new Form Custody.

CFTC Charges Victor E. Cilli And His Company, Progressive Investment Funds LLC, With Operating A Commodity Pool Ponzi Scheme And Misappropriating Customer Funds - New Jersey Resident And His Company Allegedly Defrauded Investors Of More Than $500,000

Date 15/06/2011

The U.S. Commodity Futures Trading Commission (CFTC) today charged Victor Eugene Cilli and his company, Progressive Investment Funds LLC (Progressive), both of Hackensack, N.J., with operating a commodity pool Ponzi scheme that defrauded at least four investors of approximately $506,000. Cilli also is charged with misappropriating at least $200,000 of pool funds to pay personal expenses, including meals, entertainment, motorcycle payments and hair salon visits. Progressive is a CFTC-registered Commodity Pool Operator, and Cilli is registered as an Associated Person of Progressive.

Speech By SEC Commissioner Luis A. Aguilar: Protecting Investors And Their Assets

Date 15/06/2011

Today’s proposal is designed to significantly enhance the objective oversight of broker-dealer compliance with the applicable financial responsibility rules.¹In particular, today’s proposal enhances oversight of broker-dealers’ custody practices. I view today’s proposal as a necessary companion rule to the rules adopted a year and half ago that addressed the custodial practices at registered investment advisers.

CME Group Announces Three Consecutive Open Interest Records In Henry Hub Natural Gas Futures

Date 15/06/2011

CME Group, the world's leading and most diverse derivatives marketplace, today announced it had reached three consecutive records in open interest for its benchmark Henry Hub Natural Gas futures contracts. These contracts are listed by and subject to the rules of NYMEX.

SEC Concludes That Certain Stanford Ponzi Scheme Investors Are Entitled To Protections Of SIPA

Date 15/06/2011

The Securities and Exchange Commission today concluded that certain individuals who invested money through the Stanford Group Company – a U.S. broker-dealer owned and used by Allen Stanford to perpetrate a massive Ponzi scheme – are entitled to the protections of the Securities Investor Protection Act of 1970 (SIPA).

Mario Draghi Recommended As Candidate For Next ECB President

Date 15/06/2011

Mario Draghi was recommended to succeed Jean-Claude Trichet as ECB President in an Economic and Monetary Affairs Committee vote on Wednesday. The committee opinion - 33 in favour, 2 against and 4 abstentions - now needs to be confirmed by a vote of Parliament as a whole, scheduled for 23 June.

ESMA Launches A Consultation On Its Technical Advice On Possible Delegated Acts Concerning The Prospectus Directive And Invites Comments By 15 July

Date 15/06/2011