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Japan's Financial Services Agency Publishes Newsletter No.91

Date 15/04/2011

Click here to download FSA Newsletter No.91.

Shanghai Stock Exchange Resource 50 Index,SSE Industry Chain Indices,CSI Mega-Cap Index To Be Lauched

Date 15/04/2011

To further enhance the SSE and CSI index family as well as to provide new analysis tool and underlying instrument for investors, SSE Resource 50 Index、SSE Industry Chain Indices、CSI Mega-Cap Index are to be launched on May 10 2011 by SSE and CSI.

Testimony Before The U.S. House of Representatives Committee On Financial Services Subcommittee On Oversight And Investigations, Washington, DC - CFTC Chairman Gary Gensler

Date 14/04/2011

Good afternoon Chairman Neugebauer, Ranking Member Capuano and members of the Subcommittee. I thank you for inviting me to today’s hearing on the Financial Stability Oversight Council (FSOC). I am pleased to testify alongside my fellow regulators.

SIFMA Statement On Risk Retention Hearing

Date 14/04/2011

SIFMA issued the following statement from Ken Bentsen, executive vice president, public policy and advocacy, on today’s House Financial Services Committee hearing titled “Understanding the Implications and Consequences of the Proposed Rule on Risk Retention":

“SIFMA appreciates the House Financial Services Committee’s focus on understanding the implications and consequences of the proposed rule on risk retention.  Today's hearing is critically important to assess the proper implementation of risk retention requirements in the securitization markets.  Securitization is a vitally important component of our financial markets that impacts credit availability for businesses large and small and every American family. 

CFTC Charges California Resident Lyndon Lydell Parrilla And His Company, Green Tree Capital, With Fraud In Multi-Million Dollar Forex Scheme - Federal Court Issues Emergency Order Freezing Defendants’ Assets And Preserving Books And Records

Date 14/04/2011

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it chargedLyndon Lydell Parrilla and his company, Green Tree Capital, both of Woodland Hills, Calif., with operating a fraudulent multi-million dollar foreign exchange (forex) scheme since at least 2009.

Direct Edge Alert - EDGX Exchange - Post Mortem 4/13/2011

Date 14/04/2011

The following is a summary of the system issue that occurred on the EDGX Exchange on Wednesday, April 13^th, 2011.

BM&FBOVESPA Launches The “Em Boa Companhia” (In Good Company) Program - New Relationship Program Seeks To Deepen Discussions With Brazilian Companies About Environmental Themes

Date 14/04/2011

BM&FBOVESPA launched “Em Boa Companhia – Programa de Sustentabilidade com Empresas” (In Good Company – Sustainability Program with Firms) on Thursday. This program seeks to deepen discussions about the everyday impact on companies of sustainability management and social investment. The program’s first debate of several for this year (see below) took place on Thursday at BM&FBOVESPA headquarters. Participating were Fernando Rossetti, secretary general of the Group of Institutes, Foundations and Enterprises (GIFE); Maria Luiza Pinto, the Executive Director of Sustainable Development at Santander; Issuer Development Officer at BM&FBOVESPA, Cristiana Pereira; and Sustainability Officer at BM&FBOVESPA, Sonia Favaretto.

NASDAQ OMX Appoints Lee Shavel As Chief Financial Officer And Executive Vice President Of Corporate Strategy

Date 14/04/2011

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that Lee Shavel, an 18-year veteran of Bank of America Merrill Lynch, has been appointed as Chief Financial Officer and Executive Vice President of Corporate Strategy. Mr. Shavel will join NASDAQ OMX effective May 23, 2011. Former NASDAQ OMX CFO David Warren will continue to serve as special advisor to the CEO and Ronald Hassen, Senior Vice President, Controller and Principal Accounting Officer will continue to serve as CFO in the interim.

Lenzing To Switch To Prime Market Of Vienna Stock Exchange On 18 April

Date 14/04/2011

Lenzing AG will start listing on the Vienna Stock Exchange’s prime market – the premium segment – as of 18 April 2011. Lenzing AG has been traded on the market segment Standard Market Continuous up to now; the stocks were initially listed on 19 September 1985. With a market capitalization of around EUR 2.26 billion (as of 13 April 2011), Lenzing AG is one of the largest companies of the prime market of the Vienna Stock Exchange.  

Testimony On Understanding The Implications And Consequences Of The Proposed Rule On Risk Retention By Meredith Cross, Director, Division Of Corporation Finance, U.S. Securities And Exchange Commission, Before The Subcommittee On Capital Markets And Government Sponsored Enterprises Of The United States House Of Representatives

Date 14/04/2011

My name is Meredith Cross, and I am the Director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am pleased to testify on behalf of the Commission today on the topic of risk retention in securitizations. I appreciate the opportunity to discuss with you the Commission’s work in this area.