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SEC Issues Annual Staff Reports on Credit Rating Agencies
December 23, 2013--The Securities and Exchange Commission today issued its annual staff report on the findings of examinations of credit rating agencies registered as nationally recognized statistical rating organizations (NRSROs). The agency also submitted an annual staff report on NRSROs to Congress.
"The two reports reflect an evolving industry," said Thomas J. Butler, director of the SEC's Office of Credit Ratings. "The examination report shows that the SEC’s vigilant oversight is improving compliance at NRSROs, while the annual report to Congress depicts an industry that is growing more competitive and transparent."
view the 2013 SUMMARY REPORT OF COMMISSION STAFF’S EXAMINATIONS OF
EACH NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATION
Source: SEC.gov
CFTC.gov Commitments of Traders Reports Update
December 20, 2013--The current reports for the week of December 17, 2013 are now available.
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Source: CFTC.gov
CFTC's Division of Market Oversight Issues Time-Limited No-Action Relief from Certain Requirements of Part 45 and Part 46 of the Commission's Regulations, for Certain Swap Dealers and Major Swap Participants Established under the Laws of Australia, Canada
December 20, 2013--The Commodity Futures Trading Commission's (Commission) Division of Market Oversight (Division) issued a letter today providing time-limited relief to Commission-registered swap dealers (SDs) and major swap participants (MSPs) that are non-U.S. persons (non-U.S. SDs and non-U.S. MSPs, respectively) established under the laws of Australia, Canada, the European Union, Japan or Switzerland,
and that are not part of an affiliated group in which the ultimate parent entity is a U.S. SD, U.S. MSP, U.S. bank, U.S. financial holding company or U.S. bank holding company, from certain requirements of the swap data reporting rules set forth at Part 45 and Part 46 of the Commission's regulations.
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Source: CFTC.gov
CFTC Approves Comparability Determinations for Six Jurisdictions for Substituted Compliance Purposes
The Commodity Futures Trading Commission (Commission) today approved a series of broad comparability determinations that would permit substituted compliance with non-U.S. regulatory regimes as compared to certain swaps provisions of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act)
and the Commission's regulations.
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Source: CFTC.gov
CFTC Approves Limited-Purpose Swap Dealer Designation for State Street Bank and Trust Company
December 20, 2013--The U.S. Commodity Futures Trading Commission (CFTC or Commission) today approved an Order granting a limited purpose swap dealer (SD) designation to State Street Bank and Trust Company (SSBT) with respect to its activities in foreign exchange products that are swaps (FX Products),
marking the second time that a limited-purpose SD designation order has been granted.
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Source: CFTC.gov
S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices
Deletions From The S&P/TSX Preferred Share Indices
December 20, 2013--S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
Industrial Alliance Insurance & Financial Services Inc. (TSX:IAG) has announced its intention to redeem for $CDN 25.00 cash per share all of the outstanding shares of its 6.20% Non-Cumulative 5-Year Rate Reset Class A Preferred Shares,
Series 'C' (TSX:IAG.PR.C). The shares of this issue will be removed from the S&P/TSX Preferred Share Laddered Index after the close of trading on Tuesday, December 31, 2013.
Great-West Lifeco Inc. (TSX:GWO) has announced its intention to redeem for $CDN 25.00 cash per share all of the outstanding shares of its 6.00% 1st Preferred Shares, Series 'J' (TSX:GWO.PR.J). The shares of this issue will be removed from the S&P/TSX Preferred Share Laddered Index after the close of trading on Tuesday, December 31, 2013.
Source: S&P Dow Jones Canadian Index Services
US stocks finish higher on the week, with Dow and S&P at records
December 20, 2013--U.S. stocks climbed on Friday, with the Dow and S&P 500 scoring record closes, after data had the U.S. economy growing faster-than-projected in the third quarter, increasing optimism about the economic outlook.
"No one is taking all the chips off the table with two weeks left," said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. Money managers in November could have easily closed out their year and had "a great December in Aruba and they didn't," he added.
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Source: CNBC
Simple Alternatives Hires ETF Guru Bond
December 20, 2013--Don't let the name fool you: he may be a Bond, but H. Bruce Bond's expertise is ETFs and he's bringing that expertise to alternative investment manager Simple Alternatives.
Bond will also become a minority shareholder in the Ridgefield, Conn.-based mutual fund manager that focuses on liquid alternative strategies.
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Source: Fin Alternatives
Nasdaq Price System May Take Years for Structured Note Progress
December 20, 2013--Nasdaq OMX Group Inc. said it may take years for its Mutual Fund Quotation Service to make "measureable progress" in getting banks to list daily values for their structured notes.
Nasdaq, the second-largest operator of U.S. stock exchanges, hasn't added any U.S. structured notes more than a month after announcing that the securities were eligible for listing, according to a review of its website.
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Source: Bloomberg
NYSE Euronext sells 5.65 lakh MCX shares
December 19, 2013-- Global exchange giant NYSE Euronext today offloaded 5.65 lakh shares of India's premier commodity bourse MCX for an estimated Rs 24 crore.
According to information available with the bourses, NYSE Euronext sold 5.65 lakh shares of Multi Commodity Exchange (MCX) through the open market route.
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Source: Economic Times
