News Centre

CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues No-Action Relief Relating To The Use Of A Consolidated Risk Disclosure Statement For Non-institutional Customers

Date 30/11/2016

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight today provided no-action relief to futures commission merchants (FCMs) and introducing brokers (IBs) to streamline the process for providing risk disclosure statements to non-institutional customers (i.e., customers that are not “eligible contract participants” as defined under the section 1a(18) of the Commodity Exchange Act).

CFTC Swaps Report Update

Date 30/11/2016

CFTC's Weekly Swaps Report has been updated, and is now available.

Keynote Speech, ACI’s 33rd International Conference On The FCPA, Andrew Ceresney, Director, SEC Division Of Enforcement Nov. 30, 2016

Date 30/11/2016

Thank you very much for that very kind introduction.  At the outset, let me give our standard disclaimer that the views I express today are my own and do not necessarily reflect the views of the Commission or its staff.

New Zealand's Financial Markets Authority: The End Of The Beginning For The New Regime In Financial Services

Date 30/11/2016

A decade in the making, today marks the beginning of a new era in the regulation of New Zealand’s financial markets. The introduction of a stronger regime overseeing financial markets, based on the good conduct of providers, has been in train since before the establishment of the Capital Markets Development Taskforce in 2008. The Financial Markets Authority has been implementing this regime since the Financial Markets Conduct Act (FMCA) was passed by parliament in late 2013.

Polish Financial Supervision Authority Approves Warsaw Stock Exchange Prospectus

Date 30/11/2016

• PFSA has approved the WSE series D and E bond prospectus.
• WSE will issue up to 1.2 million bearer bonds with a nominal value of PLN 100 per bond.

CFTC Obtains $21.8 Million Default Judgment Against Former CBOE Member Alvin Guy Wilkinson And His Connecticut-Based Firms For Misappropriation Of Customer Funds And Fraudulent Solicitation In Ponzi Scheme

Date 30/11/2016

The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Virginia Kendall of the U.S. District Court for the Northern District of Illinois entered an Order of default judgment and permanent injunction against Defendants Alvin Guy Wilkinson of San Juan, Puerto Rico, and his entities, Chicago Index Partners, L.P. (CIP) and Wilkinson Financial Opportunity Fund, L.P. (WFOF), both located in Sharon, Connecticut, in connection with a commodity pool fraud that victimized 30 investors. The Order finds that Wilkinson misappropriated pool funds, fraudulently solicited pool participants, issued false statements to customers and provided false financial information to the National Futures Association (NFA). The Order also finds that Defendants were not registered with the CFTC, as required.

CME Clearing Europe Approved As A Derivatives Clearing Organization By CFTC

Date 30/11/2016

CME Clearing Europe, CME Group's London-based clearing house, today announced that the U.S. Commodity Futures Trading Commission (CFTC) has registered it as a derivatives clearing organization (DCO) which allows it to clear swaps for US customers of US Futures Commission Merchants (FCMs).

ACER: Europe’s Energy Regulators Welcome The Commission’s “Clean Energy For All Europeans” Proposals

Date 30/11/2016

ACER and CEER, representing Europe’s energy regulators, welcome the “new Clean Energy for All Europeans” proposals adopted today by the European Commission. The Commission’s proposals will be publicly discussed at our dedicated conference on the new energy market design for the clean energy transition (23-24 January, 2017). Find out more here.

Federal Reserve Governor Jerome H. Powell At The "Understanding Fedspeak" Event Cosponsored By The Hutchins Center On Fiscal And Monetary Policy At The Brookings Institution And The Center For Financial Economics At Johns Hopkins University, Washington, D.C., November 30, 2016, A View From The Fed

Date 30/11/2016

 Watch live 

Thanks to David Wessel and the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution for putting together this event. Today I will share my own views on the Federal Open Market Committee's (FOMC) public communications, which are designed to serve three important purposes. The first is to provide the transparency that enables the Congress and the public to hold the Committee accountable for its decisions on monetary policy. The second is to enhance the effectiveness of monetary policy. If the public understands the central bank's views on the economy and monetary policy, then households and businesses will take those views into account in making their spending and investment plans; policy will be more effective as a result. And the third is to show the full range of FOMC participants' views, even if doing so may sometimes make it difficult for the public to identify a consensus view. In my view, acknowledgment of this diversity of views is important in sustaining the public's support over time for the Federal Reserve as an institution--what Jon Faust refers to in his paper as our "democratic legitimacy." In my comments, I will also react to Jon's thought-provoking and well-reasoned paper.

EBA Amends Supervisory Reporting Standards Due To The New IFRS 9

Date 30/11/2016

The European Banking Authority (EBA) published today its amended final draft implementing technical standards (ITS) on the reporting of financial information. The amended ITS follow the finalisation of IFRS 9 in July 2014 by the International Accounting Standards Board (IASB) and its endorsement into EU law on 22 November 2016 and aim at aligning the reporting framework with the new IFRS 9 requirements while ensuring reporting institutions have adequate implementation time.