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Nasdaq Selected To Support ASX In Post-Trade Technology Overhaul - ASX To Replace Equities And Equity Options Clearing Platforms With Genium INET - Nasdaq To Build CCP Clearing Capability - ASX’s Clearinghouses Now Managing Real-Time Risk With Nasdaq’s Post-Trade Risk Technology

Date 01/03/2016

Nasdaq (Nasdaq:NDAQ) and Australian Securities Exchange (ASX) have announced that Nasdaq will replace ASX’s existing equities and equity options clearing technology platforms – a significant element of ASX’s technology transformation program outlined in February 2015. This technology development will be undertaken on Nasdaq’s Genium INET Clearing platform, which is already in use at ASX for futures clearing. It reflects ASX’s commitment to consolidate its number of post-trade platforms and improve efficiencies for its customers.

SEC Statement On Jury’s Verdict In Trial of Daryl Payton And Benjamin Durant

Date 01/03/2016

After a two week trial, a jury in the Southern District of New York found both Daryl Payton and Benjamin Durant liable for insider trading in SEC v. Payton et al.

Statement of SEC Division of Enforcement Director Andrew Ceresney:

"Payton and Durant were sophisticated stock brokers who used highly confidential information about an upcoming transaction to illegally make hundreds of thousands of dollars at the expense of ordinary investors who played by the rules. Today's jury verdict holding them liable for insider trading reaffirms our commitment to aggressively root out and prosecute insider trading schemes, including by taking defendants to trial, in order to protect the integrity of our markets.”

Remarks By Deputy Assistant Treasury Secretary Monique Rollins On Reforming The Private Label Securitization Market - At The Asset Backed Securities (ABS) Vegas Conference

Date 29/02/2016

For most of its history, private label securitization (PLS) has served as a valuable part of the housing finance market.  It helped expand access to credit for many qualified Americans, who did not meet the underwriting criteria or conforming loan limits of Fannie Mae or Freddie Mac or qualify for Federal Housing Administration (FHA) insurance.  However, the 2008 financial crisis exposed huge structural deficiencies in PLS that led to tremendous losses and severely damaged the trust of market participants.  The pre-crisis PLS market was rife with conflicts of interest, inadequate investor protections, overreliance on credit ratings, contractual enforcement failures and a lack of transparency.  We therefore believe that, while the PLS market can provide a channel for mortgage financing that is responsible and not reliant on a taxpayer-backed guarantee, its return must happen in a reformed and sustainable way.  A reformed PLS market complements the Administration’s efforts to support the housing recovery on numerous fronts by improving access to credit and helping homeowners.  While we do not see the PLS channel as a total panacea, it is one of a number of channels that can responsibly improve access to credit and strengthen the housing recovery.

S&P Dow Jones Indices Market Attributes:Europe Index Dashboard

Date 29/02/2016

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US Department Of The Treasury: Preliminary Report On Foreign Holdings Of U.S. Securities At End-June 2015

Date 29/02/2016

Preliminary data from the June 2015 annual survey of foreign portfolio holdings of U.S. securities were released today on the Treasury website at http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/fpis.aspx.  Final survey results, which will include additional detail as well as possible revisions to the preliminary data, will be reported on April 29, 2016.  The survey was undertaken jointly by Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System.  The next annual survey will cover holdings at the end of June 2016; preliminary data are expected to be released by February 28, 2017.

Advisory Committee On Small & Emerging Companies Opening Remarks, SEC Commissioner Kara M. Stein, Feb. 25, 2016

Date 29/02/2016

Good morning. Welcome to both the continuing members, as well as the new members of the Advisory Committee on Small and Emerging Companies. I am looking forward to hearing from you regarding how we can better understand and address issues that affect small and emerging businesses. I would also like to thank the Office of Small Business Policy in the Division of Corporation Finance for organizing today’s meeting.

UK Prudential Regulation Authority And Financial Conduct Authority Statement On Compliance With The EBA Guidelines On Sound Remuneration Policies

Date 29/02/2016

The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have notified the European Banking Authority (EBA) that the regulators will comply with all aspects of the EBA Guidelines on Sound Remuneration Policies, except for the provision that the limit on awarding variable remuneration to 100% of fixed remuneration, or 200% with shareholder approval (the bonus cap), must be applied to all firms subject to the Capital Requirements Directive (CRD).

The Benefits Of Exchange-Trading Investment Funds - A Guest Article From Julius Baer Covers The Trading Segment For Sponsored Funds At SIX Swiss Exchange

Date 29/02/2016

Sponsored Funds are investment funds that are traded like ETFs or Structured Products in a market making segment. In a guest contribution[PDF], the authors Beat Auerbach, Oliver Heusser, Thomas Kägi and Estelle Pool from Bank Julius Baer present the differences between the primary market and the secondary market. Furthermore, they describe the advantages of secondary trading in the context of a changing market environment and show the crucial role of market makers - i.e. Sponsors - in providing optimal trading conditions.

Growing UAE-China Trade Complements Dubai International Financial Centre Growth Strategy

Date 29/02/2016

• Chinese banks in DIFC have doubled their balance sheet in the last 18 months
• Representing 26% of total assets booked at DIFC, China’s top four state-owned banks have combined total assets of US$21.5 billion
• Dubai’s established framework for Islamic finance provides opportunities for Chinese firms

White Paper Supports Utility Of CBOE Eurekahedge Benchmarks For Volatility Hedge Funds - Categorizing Volatility-Based Strategies Seen Key To Effectively Analyzing Hedge Funds’ Performance

Date 29/02/2016

Chicago Board Options Exchange® (CBOE®) today announced the release of a white paper that analyzes the use of benchmarks, such as those utilized by the CBOE Eurekahedge Volatility Indexes, to measure the effectiveness of volatility-based hedge funds in diversified portfolios.