News Centre

ISDA Publishes 2016 Variation Margin Protocol

Date 16/08/2016

The International Swaps and Derivatives Association, Inc. (ISDA) has today launched a new Protocol that will help market participants comply with new variation margin requirements, set to come into force from March 2017.

SEC: Company Punished For Severance Agreements That Removed Financial Incentives For Whistleblowing

Date 16/08/2016

The Securities and Exchange Commission today announced that a California-based health insurance provider has agreed to pay a $340,000 penalty for illegally using severance agreements requiring outgoing employees to waive their ability to obtain monetary awards from the SEC’s whistleblower program.

UK's Financial Conduct Authority Statement On Consultation Paper 12/20: Review Of The Client Money Rules For Insurance Intermediaries

Date 16/08/2016

The Financial Conduct Authority (FCA) has today written to firms providing an update on Consultation Paper 12/20: Review of the client money rules for insurance intermediaries, where it had proposed some changes to the rules and guidance in Chapter 5 of our Client Assets Sourcebook (CASS).

GPW Modifies Exchange Indices

Date 16/08/2016

• The Warsaw Stock Exchange will publish its sector sub-indices on a continuous basis every 60 seconds as of 1 October 2016.
  
• The classification of companies in the dividend index will be modified as of 16 December 2016.

SEC: Former Goldman Sachs Trader Settles Fraud Charges

Date 16/08/2016

The Securities and Exchange Commission today announced that the former head trader in residential mortgage-backed securities (RMBS) at Goldman Sachs has agreed to be barred from the securities industry and pay $400,000 to settle charges that he repeatedly misled customers and caused them to pay higher prices.  

trueEX Introduces Execution Of Brazilian Real Swaps Cleared At CME Group

Date 16/08/2016

trueEX, the innovative global interest rate swap trading platform, has built a solution to provide execution for Brazilian Real (BRL) interest rate swaps cleared at CME Group. The launch follows CME Group’s Q4 2015 launch of BRL interest rate swaps clearing, which has cleared more than 250 billion Real in notional from 25 market participants.

Statement Of CFTC Chairman Timothy Massad On Release Of Reports On CCP Resilience, Recovery And Resolution

Date 16/08/2016

I welcome the documents published today by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO), as well as by the Financial Stability Board (FSB), on issues related to clearinghouse resiliency and recovery and resolution planning.

U.S. Corporate Issuance Up In July, CUSIP Requests Show Municipal Requests Decline 30% Largely Due To State Fiscal Timing

Date 16/08/2016

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for July 2016. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, shows an increase in corporate requests but a drop in municipal requests.

CFTC Restricts Registration of Steven A. Cohen Based on Failure to Supervise

Date 16/08/2016

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed a Notice of Intent (Notice) to revoke, suspend, or place restrictions on the registration of Steven A. Cohen (Cohen) of Greenwich, Connecticut. The CFTC simultaneously issued an Opinion and Order (CFTC Order) accepting Cohen’s Offer of Settlement and settling the action. The CFTC Order immediately restricted Cohen’s registration as an Associated Person (AP) of SAC Capital Advisors, L.P. (SAC LP). Additionally, pursuant to the Order, Cohen agreed not to engage in any activity requiring registration with the CFTC or to act as an officer or employee of any person registered or required to be registered with the CFTC until at least December 31, 2017, contemporaneous with the restriction end date set forth in a Securities and Exchange Commission (SEC) order of January 8, 2016 (SEC Order).

Presentation By HKEX Chief Executive Charles Li At A Media Briefing On Shenzhen-Hong Kong Stock Connect

Date 16/08/2016

Click here to download a presentation by HKEX Chief Executive Charles Li at a media briefing on Shenzhen-Hong Kong Stock Connect.