News Centre

SEC: Research Analyst Is Insider Trading In Mother’s Brokerage Account

Date 14/04/2016

The Securities and Exchange Commission today announced insider trading charges against a research analyst who allegedly reaped more than $1.5 million in February through trades he made in his mother’s brokerage account based on nonpublic information he learned at work.

ISDA Publishes Margin-Rule-Compliant Collateral Document

Date 14/04/2016

The International Swaps and Derivatives Association, Inc. (ISDA) has today published the first in a series of documents to help market participants comply with new margining requirements for non-cleared derivatives.

CBOE Introduces First In Series Of Indexes Designed To Target Investment Outcomes

Date 13/04/2016

• Indexes Leverage Options as Risk Management Tools
• Indexes Have Been Licensed to Vest Financial

Five Industry Associations Publish SFTR Information Statement

Date 13/04/2016

The Association for Financial Markets in Europe (AFME), FIA, the International Capital Market Association (ICMA), the International Swaps and Derivatives Association, Inc. (ISDA) and the International Securities Lending Association (ISLA) have jointly published a statement that can be used to help market participants comply with new requirements under the European Union’s Securities Financing Transactions Regulation (SFTR).

SIFMA Statement On FDIC And Fed Bank Resolution Plan Announcement

Date 13/04/2016

SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the FDIC and Federal Reserve’s announcement on the resolution plans for the largest financial institutions:

"Our financial market is vastly safer and sounder and more resilient than it was at the onset of the financial crisis. Central to this undertaking has been--and remains--balancing the efforts to reduce systemic risk while still ensuring well-functioning markets and the efficient allocation of capital in the U.S. and on a global scale for our retail, corporate and sovereign customers. ‎Our industry has fundamentally reshaped itself, making structural changes to corporate and technological practices, decreasing leverage substantially, and more than doubling capital levels and tripling liquidity to provide buffers against unexpected losses. Resiliency will increase even more as capital and liquidity requirements are fully implemented, and resolvability will be greatly enhanced by new TLAC requirements."

CME Group To Close New York Trading Floor At Year-End - Company To Make Space Available For Floor Traders To Transition To Electronic Venue

Date 13/04/2016

As declining open outcry options volume on CME Group's New York trading floor now represents just 0.3 percent of the company's overall energy and metals trading volumes, CME Group will close its New York trading floor at year-end, subject to CFTC review.  All options products listed with and subject to the rules and regulations of NYMEX and COMEX will be available for trading on CME Globex, and for submission for clearing through CME ClearPort.  

Financial Stability Oversight Council To Meet April 18

Date 13/04/2016

On Monday, April 18, U.S. Secretary of the Treasury Jacob J. Lew will preside over a meeting of the Financial Stability Oversight Council (Council) at the Treasury Department.  The agenda will include both an open and an executive session.  The preliminary agenda for the open session includes an update regarding the Council’s ongoing work on asset management. 

CFTC Swaps Report Update

Date 13/04/2016

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

Statement At An Open Meeting On Final Rules Regarding The Application Of Business Conduct Rules To Security-Based Swap Dealers And Major Security-Based Swap Participants, SEC Chair Mary Jo White, April 13, 2016

Date 13/04/2016

Good Morning.  This is an open meeting of the U.S. Securities and Exchange Commission on April 13, 2016, under the Government in the Sunshine Act.

Finomial Addresses Risks To Hedge Funds From Panama Papers

Date 13/04/2016

Finomial Corporation today highlighted the role of the Finomial Investor Services Compliance Platform in protecting hedge funds from the risks highlighted by the Panama Papers leak.  While the media focus to date has been on the law firm’s role (Mossack Fonseca) in creating shell entities (which in many cases are legal), Finomial protects hedge funds from the risk of unwitting acceptance by the investment management community of money from entities with unknown beneficial owners.