News Centre

US Agencies Ask For Public Comment On Proposal To Simplify And Tailor "Volcker Rule"

Date 05/06/2018

Five federal financial regulatory agencies on Tuesday announced that they are jointly asking for public comment on a proposal that would simplify and tailor compliance requirements relating to the "Volcker rule." By statute, the Volcker rule generally restricts banking entities from engaging in prohibited proprietary trading and from owning or controlling hedge funds or private equity funds.

Statement By U.S. Treasury Secretary Mnuchin On Regulatory Efforts To Improve The Volcker Rule

Date 05/06/2018

U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today commending the efforts of the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Controller of the Currency, the Commodity Futures Trading Commission, and the Securities and Exchange Commission for their respective efforts in issuing a notice of proposed rulemaking to better tailor regulation implementing the Volcker Rule:

“The notice issued today by the prudential banking and market regulators will meaningfully improve the regulations that implement the Volcker Rule. The Treasury Department strongly supports changes aimed at better tailoring the application of the rule, preserving liquidity during periods of stress, decreasing unintended compliance burdens, and encouraging capital formation."

Examining The State Of The OMS Market, TABB Group Deep Dives Into Its Changes, Challenges And Where The Industry Is Heading

Date 05/06/2018

Trade execution at the dawn of the order management system (OMS) era 30 years ago was nothing like it is today, with almost 66% of a buy-side trader’s equity trading order flow channeled via low-touch / electronic trading protocols across 13 US equity exchanges, 30 dark pools and 60-plus internalizing brokers, moving beyond US equities, migrating across geographies and different asset classes, according to TABB Group in “State of the OMS: A Time for Change?”, a new report by founder and research chairman Larry Tabb. It examines the current state of the OMS, how they are keeping up and where the OMS industry is headed.  

Testimony Before The Financial Services And General Government Subcommittee Of The Senate Committee On Appropriations, SEC Chairman Jay Clayton, Washington D.C., June 5, 2018

Date 05/06/2018

Chairman Lankford, Ranking Member Coons and Senators of the Subcommittee, thank you for the opportunity to testify today on the President’s fiscal year (FY) 2019 budget request for the U.S. Securities and Exchange Commission (SEC).

Scout24, Delivery Hero And Puma To Be Included In MDAX -Siemens Healthineers To Enter The TecDAX Index - Deutsche Börse Reviews Index Composition - Changes To Be Effective As Of 18 June 2018

Date 05/06/2018

On Tuesday, Deutsche Börse announced changes to its selection indices, which will become effective on 18 June 2018. Scout24 AG, Delivery Hero AG and Puma SE will be included in the MDAX index and will replace the shares of STADA Arzneimittel AG, Krones AG and alstria office REIT-AG. As of 13 July 2018, STADA will change from the segment Prime Standard into General Standard and therefore no longer fulfils the criteria to remain in the indices. The inclusion of Delivery Hero AG and Puma SE is based on the fast entry rule; both companies are eligible for the index inclusion due to their market capitalisation and order book turnover. MDAX tracks the 50 largest and most liquid companies below DAX.

Testimony Of CFTC Chairman J. Christopher Giancarlo Before The Senate Committee On Appropriations Subcommittee On Financial Services And General Government, Washington, D.C.

Date 05/06/2018

Introduction

Thank you, Chairman Lankford, Ranking Member Coons, and Members of the subcommittee.  I appreciate the opportunity to appear before you today, along with my fellow colleague from the Securities and Exchange Commission (SEC), Chairman Jay Clayton.

For more than a century, Americans have relied on U.S. derivatives markets to stabilize the cost of living.  These markets allow farmers and ranchers to hedge production costs and delivery prices so that consumers can always find plenty of food on grocery store shelves.  They are the reason why American consumers enjoy stable prices, not only in the supermarket, but in all manner of consumer finance from auto loans to household purchases.  Derivatives markets influence the price and availability of heating in American homes, the energy used in factories, the interest rates borrowers pay on home mortgages, and the returns workers earn on their retirement savings.

Electronic Foreign Exchange Market, 2018: Midsize-To-Large Buy-Side Firms’ Needs - According To New Aite Group Estimates, Buy-Side OTC FX Trading Activity Has Seen A 359% Increase From 2004 To 2017

Date 05/06/2018

Aite Group’s latest report, Electronic Foreign Exchange Market, 2018: Midsize-to-Large Buy-Side Firms’ Needs, examines global buy-side firms that are facing a classic profitability squeeze, with management fee compression due to the popularity of passive investment vehicles and higher technology costs that stem from more regulation of over-the-counter and derivatives markets. The pressure is on at all levels of buy-side firms to do their share and run efficient, lean operations across multiple asset classes and jurisdictions, and in listed and OTC marketplaces.

IIROC Secures Stronger Enforcement Authority Thanks To Passage Of New Manitoba Securities Legislation - Manitoba Legislative Changes Strengthen Investor Protection

Date 05/06/2018

The Investment Industry Regulatory Organization of Canada (IIROC), today thanked the Government of Manitoba for passing legislation that gives IIROC more effective tools to protect Manitoba investors.

DTCC Collaborates With EquiLend, Trax, IHS Markit And Pirum To Advance Securities Financing Transaction Reporting Processes - Collaboration With Leading Industry Providers To Enable End-To-End Connectivity To DTCC’s Global Trade Repository (GTR) To Simplify Client Adoption Of SFTR Reporting Requirements.

Date 05/06/2018

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced new efforts to further streamline and enhance its global trade reporting capabilities as market participants prepare for the upcoming reporting requirements contained within the Securities Financing Transaction Regulation (SFTR), which are expected to begin to take effect in late 2019. SFTR will require firms which are subject to SFTR to report securities financing transactions including repurchase agreements, securities lending and margin lending trades to a registered Trade Repository.

ISDA Publishes Digital Iteration Of The Common Domain Mode

Date 05/06/2018

The International Swaps and Derivatives Association, Inc. (ISDA) has published an initial digital representation of the Common Domain Model (CDM), opening the way for all ISDA members to access and test the model on various new technologies.