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Statement Of SEC Commissioner Piwowar At Open Meeting Regarding Adoption Of Clearing Agency Standards And Proposal Of Amendments To Clearing Agency Definitions, Commissioner Michael S. Piwowar, Sept. 28, 2016

Date 28/09/2016

Thank you, Chair White.

I want to start by thanking staff for their hard work on these releases that would establish new requirements for risk management, operations, and governance of certain registered clearing agencies and propose amendments to our clearing agency definitions. Clearing agencies are vital pieces of our market infrastructure, and their role in the financial markets is only increasing. That is why I want to express my particular appreciation to the staff for the thoughtful way in which they have developed these requirements, which are based on our history of experience regulating clearing agencies, applicable international guidance, and feedback from market participants and other regulators. This was no easy task, and the quality of these releases is a testament to your efforts.
Thomas Sullivan, Associate Director, Federal Reserve Division Of Banking Supervision And Regulation - Insurance Regulation - Before The Subcommittee On Housing And Insurance, Committee On Financial Services, U.S. House Of Representatives, Washington, D.C.. September 28, 2016

Date 28/09/2016

Introduction
Chairman Luetkemeyer, Vice Chairman Westmoreland, Ranking Member Cleaver, and other members of the subcommittee, thank you for inviting me to testify on behalf of the Federal Reserve.
BM&FBOVESPA Launches The Second Edition Of The Novo Valor Sustainability Guide - With Related Orientations For Listed Companies And Recommendations On Approaches To The Issue, The New Guide Also Has Indicators That Are In Line With International Guidelines

Date 28/09/2016

BM&FBOVESPA has launched the second edition of the “Novo Valor – Corporate Sustainability: How to begin, who to involve and what to prioritize” Sustainability Guide, in line with international sustainability indicators such as Sustainable Stock Exchanges (SSE)*, the World Federation of Exchanges (WFE), the Global Reporting Initiative (GRI) and Corporate Knights Capital. The new guide is a evolution of the first edition, published in 2011. Furthermore, in April this year the Exchange published an adaptation of the Novo Valor Guide to encourage private companies to reflect and adopt good sustainability practices in their business.
N+1 And C.W. Downer Become ALANTRA

Date 28/09/2016
- N+1, the financial advisory and asset management group, enters a new era with the adoption of a new global brand for the institution.
- With this decision, the partners of the 19 countries and different businesses in which the group operates are putting behind brands that have been in the market between 15 and 40 years (N+1, C.W. Downer & Co., Swiss Capital, Daruma, Dinamia).
- This is another critical step in the firm’s goal to become a global financial services institution specialized in the mid-market segment. ALANTRA’s 57 partners and 345 professionals operate from 25 global offices.
- In the US, Alantra plans to add 15 bankers and open 2 new offices.
Stanford, MIT And Harvard Top The Second Annual Reuters Top 100 Ranking Of The Most Innovative Universities

Date 28/09/2016

Stanford University, the Massachusetts Institute of Technology and Harvard University top the second annual Reuters Top 100 ranking of the world’s most innovative universities. The Reuters Top 100 ranking aims to identify the institutions doing the most to advance science, invent new technologies and help drive the global economy. Unlike other rankings that often rely entirely or in part on subjective surveys, the ranking uses proprietary data and analysis tools from the Intellectual Property & Science division of Thomson Reuters to examine a series of patent and research-related metrics, and get to the essence of what it means to be truly innovative.

OCC Supports SEC Decision On Covered Clearing Agency Rules

Date 28/09/2016

OCC, the world's largest equity derivatives clearing organization, today released the following statement from Executive Chairman and Chief Executive Officer Craig Donohue regarding the U.S. Securities and Exchange Commission's (SEC) decision on covered clearing agency rules.
Andrew Bailey, UK Financial Conduct Authority CEO Comment Piece In Today’s Guardian On Senior Managers Regime (SMR): The FCA Is Making Senior Management Responsible For The Culture In Their Firms - Banks, Insurers And Other Financial Institutions Have To Be Accountable For Their Actions To Win Back Public Trust

Date 28/09/2016

At the end of last year, it was reported that the Financial Conduct Authority was dropping its review into banking culture. This led to a number of commentators saying the FCA doesn’t care about culture in financial services. I have been chief executive of the FCA for three months and I can tell you that nothing could be further from the truth. Culture matters a great deal.
Statement At Open Meeting: Covered Clearing Agencies And Shortening The Settlement Cycle, SEC Chair Mary Jo White, Sept. 28, 2016

Date 28/09/2016

Good morning. This is an open meeting of the U.S. Securities and Exchange Commission on September 28, 2016, under the Government in the Sunshine Act. The Commission today will consider three recommendations from the staff regarding the clearance and settlement system that is the essential foundation supporting the huge volumes of securities transactions that occur every day.
EBA Publishes Final Guidelines On The Remuneration Of Sales Staff

Date 28/09/2016

The European Banking Authority (EBA) published today its final Guidelines on remuneration policies and practices related to the provision and sale of retail banking products and services. The EBA had previously identified poor remuneration policies and practices as a key driver of miss-selling of financial products and services. The Guidelines aim, therefore, to protect consumers from related risks and to reduce conduct costs for financial institutions. They will apply from 18 January 2018.
Fidessa Celebrates 20 Years In The United States - Trading Technology Pioneer Reflects On Two Decades Of Innovation

Date 28/09/2016

Fidessa group plc (LSE: FDSA) today announced the 20th anniversary of its presence in the US. The milestone journey began in 1996 with the opening of Fidessa's first US office in New York City. Since then, the past 20 years have proved to be a time of growth and transformation for Fidessa, as well as for the marketplace it serves.