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Dalian Commodity Exchange: Notice On Adding Designated Futures Margin Depository Bank

Date 17/09/2015

SEC Removes References To Credit Ratings In Money Market Fund Rule And Form

Date 17/09/2015

The Securities and Exchange Commission adopted amendments to remove credit rating references in the principal rule that governs money market funds and the form that money market funds use to report information to the Commission each month about their portfolio holdings.  The Commission also adopted amendments that would subject additional securities to issuer diversification provisions in the money market fund rule.

SIFMA Statement On Completion Of The Quantum Dawn 3 Cybersecurity Exercise

Date 17/09/2015

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., president and CEO, upon completion of SIFMA’s Quantum Dawn 3 cybersecurity exercise. Over 650 participants from over 80 financial institutions and government agencies participated in today’s simulation of a large-scale cyber attack. A fact sheet on Quantum Dawn 3 is available here.

Statement On Adoption Of Amendments To Remove References To Credit Ratings In Money Market Fund Rule 2a-7 And Form N-MFP, SEC Commissioner Daniel M. Gallagher

Date 17/09/2015

I am happy to support today’s amendments removing references to nationally recognized statistical organizations from our rules and forms governing money market funds.  These amendments implement the congressional mandate in Section 939A of the Dodd-Frank Act (“Dodd-Frank”) to eliminate such references from all of our rules.  Since the passage of Dodd-Frank, I have been a strong proponent for Commission action to satisfy this mandate given that Section 939A is one of the very few provisions of the statute that directly addresses a cause of the financial crisis.  And so, although I lament that it took over five years, I applaud the Commission for adopting these amendments.

Stanford, MIT And Harvard Top The Inaugural Reuters Top 100 Ranking Of The Most Innovative Universities

Date 16/09/2015

Stanford University, the Massachusetts Institute of Technology and Harvard University top the inaugural Reuters Top 100 ranking of the world’s most innovative universities. The Reuters Top 100 ranking aims to identify which institutions contribute the most to science and technology, and have the greatest impact on the global economy. 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.

Broker-Dealer Admits Role In Scheme To Trade On Inside Information Stolen From Prominent Law Firm

Date 16/09/2015

A broker-dealer admitted today to participating in a five-year insider trading scheme that relied on information stolen from a prominent, international law firm, yielding net profits of more than $5.6 million, announced U.S. Attorney Paul J. Fishman for the District of New Jersey.

Thomson Reuters Appoints Two New Directors

Date 16/09/2015

Thomson Reuters (TSX / NYSE: TRI), the world’s leading source of intelligent information for businesses and professionals, today announced the appointment of Ed Clark and Barry Salzberg to the company’s Board of Directors, effective immediately.

Treasury International Capital Data For July

Date 16/09/2015

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for July 2015. The next release, which will report on data for August 2015, is scheduled for October 16, 2015.

Office of Financial Research Update: "An Agent-Based Model For Crisis Liquidity Dynamics"

Date 16/09/2015

The OFR released a working paper today entitled, "An Agent-based Model for Crisis Liquidity Dynamics" and an accompanying blog by Greg Feldberg, OFR Acting Deputy Director for Research and Analysis. This paper presents an agent-based model for examining price impacts and liquidity dynamics during financial crises, which are often characterized by sharp reductions in liquidity followed by cascades of falling prices. The model highlights the implications of changes in market makers' ability to provide intermediation services and the decision cycles of liquidity demanders versus liquidity suppliers during a crisis.

CFTC Swaps Report Update

Date 16/09/2015

The CFTC Swaps Report provides a detailed weekly snapshot of the gross notional outstanding as of the penultimate Friday prior to the CFTC Swaps Report’s Wednesday publication date, as well as a detailed weekly total of the transaction volume (on both a ticket volume and dollar volume basis) ending that same penultimate Friday, in two asset classes (interest rate swaps, credit default swaps).