Comptroller of the Currency Thomas J. Curry today made the following statement at a board meeting of the Federal Deposit Insurance Corporation (FDIC) on his vote approving the proposed Net Stable Funding Rule. The Comptroller also signed the proposed rule on behalf of the Office of the Comptroller of the Currency (OCC).
read more...Office Of The Comptroller Of The Currency: Comptroller Statement Regarding The Proposed Net Stable Funding Rule
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Beecher Carlsonâs Christopher Keegan Featured in Insurance Journal Cyber Article
Fallout From Travelers CGL Cyber Ruling: Insurance Buyers and Sellers Beware
Experts are cautioning both insurance buyers and sellers not to overreact to the recent federal court decision finding data breach defense coverage under a commercial general liability (CGL) policy.
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Semi - Annual Review of FTSE/ATHEX Index Series
FTSE/ATHEX Index Series Advisory Committee approved today the following changes in the composition of the FTSE/ATHEX Index Series, taking into consideration the results of the review for the period October 2015 - March 2016.
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March 2016: Decline Versus Prior Month - The Statistical Monthly Report Contains The Latest Trade And Turnover Figures For SIX Swiss Exchange
In March 2016, trading turnover of CHF 115.7 billion was generated on SIX Swiss Exchange, equating to a slight decline of5.3% versus the prior month. This is also reflected in the number of trades, which, at 4'214'975, were down by 17.4% on the figure for February 2016. In the segment equities including funds + ETPs segment turnover in March 2016 stood at CHF 92.0 billion, which equated to a month-on-month decline of 7.2%. The same trend was evident in relation to the number of transactions, which at 4'043'463 undershot the previous month's total by 17.5%.
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Semi - Annual Review Of ATHEX Index Series
ATHEX Index Series Advisory Committee approved today the following changes in the composition of the ATHEX Index Series, taking into consideration the results of the review for the period October 2015 - March 2016.
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TMX Group Announces Retirement Of John McCoach, President, TSX Venture Exchange, At End Of 2016
TMX Group today announced the retirement of John McCoach, President of TSX Venture Exchange (TSXV), a wholly-owned subsidiary of TMX Group, effective December 31, 2016.
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Alberta Securities Commission Sanctions Candice Graf, Homerun International Inc. And Connected Companies For Breaching Alberta Securities Laws
The Alberta Securities Commission (ASC) has sanctioned Candice Anne Graf (a.k.a. Candi Hayward), Homerun International Inc. and connected companies (First Base Investments Inc., Homerun Capital Corp., Homerun Equities Inc., Homerun Capital II Corp., Homerun Equities II Inc., 1496044 Alberta Ltd. and 1539149 Alberta Ltd.) for breaching Alberta securities laws. Christopher Robert Hayward was sanctioned for authorizing, permitting or acquiescing in the majority of the corporations' breaches.
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Office Of The Comptroller Of The Currency: Comptroller Statement Regarding The Proposed Incentive-Based Compensation Rule
Comptroller of the Currency Thomas J. Curry today made the following statement at a board meeting of the Federal Deposit Insurance Corporation (FDIC) on his vote approving the proposed Incentive-Compensation Rule, implementing Section 956 of the Dodd-Frank Consumer Protection and Wall Street Reform Act of 2010. The Comptroller also signed the proposed rule on behalf of the Office of the Comptroller of the Currency (OCC).
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G&A Institute And Bloomberg LP Partnered To Examine Bloomberg ESG Disclosure Scores For S&P 500 Companies Reporting VS Not Reporting On Sustainability - Results Show Companies Not Publishing Sustainability Reports Are Disadvantaged By Lower Average Bloomberg ESG Disclosure Scores
Continuing the in-depth analysis of S&P 500 (r) companies' sustainability reporting activities, Governance & Accountability Institute teamed with Bloomberg LP to analyze the data, scores and perceptions presented to investment professionals using the Bloomberg Professional information platform which features ESG data and assigns disclosure scores for public companies.
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Nasdaq Announces Mid-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date April 15, 2016
At the end of the settlement date of April 15, 2016, short interest in 2,305 Nasdaq Global MarketSM securities totaled 8,009,519,261 shares compared with 8,166,679,657 shares in 2,301 Global Market issues reported for the prior settlement date of March 31, 2016. The Mid-April short interest represents 5.12 days average daily Nasdaq Global Market share volume for the reporting period, compared with 4.90 days for the prior reporting period.
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Statement From New York Attorney General Eric T. Schneidermann On Case Against Donald Trump And Trump University
Attorney General Eric T. Schneiderman issued the following statement on today’s hearing in New York State Supreme Court on the case against Donald Trump and Trump University:
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TSX Staff Notice On Four Letter Stock Symbol Reservation Procedures
Toronto Stock Exchange ("TSX") staff is providing guidance with respect to its stock symbol reservation procedures. Currently, a stock symbol must consist of not more than three letters of the alphabet, as set out in Section 355 of the TSX Company Manual.
However, TSX is now giving listed issuers and applicants the option to reserve stock symbols that consist of four letters of the alphabet. TSX anticipates that four letter stock symbols will commence trading by the end of the fourth quarter of 2016.
TSX is now accepting initial reservation requests for four letter stock symbols. In order to provide applicants and listed issuers with an equitable allocation process, TSX will accept written requests for four letter stock symbols during an initial allocation and reservation period that will expire on May 20, 2016.
A Staff Notice dated April 26, 2016 has been posted on TSX's website at:
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Is the public sector of your country a diffusion borrower? Empirical evidence from Brazil. (arXiv:1604.07782v1 [q-fin.GN])
We propose a diffusion process to describe the global dynamic evolution of credit operations at a national level given observed operations at a subnational level in a sovereign country. Empirical analysis with a unique dataset from Brazilian federate constituents supports the conclusions. Despite the heterogeneity observed in credit operations at a subnational level, the aggregated dynamics at a national level were accurately described with the proposed model. Results may guide management of public finances, particularly debt manager authorities in charge of reaching surplus targets.
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Arbitrage without borrowing or short selling?. (arXiv:1604.07690v1 [q-fin.MF])
We show that a trader, who starts with no initial wealth and is not allowed to borrow money or short sell assets, is theoretically able to attain positive wealth by continuous trading, provided that she has perfect foresight of future asset prices, given by a continuous semimartingale. Such an arbitrage strategy can be constructed as a process of finite variation that satisfies a seemingly innocuous self-financing condition, formulated using a pathwise Riemann-Stieltjes integral. Our result exemplifies the potential intricacies of formulating economically meaningful self-financing conditions in continuous time, when one leaves the conventional arbitrage-free framework.
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Linear models for the impact of order flow on prices II. The Mixture Transition Distribution model. (arXiv:1604.07556v1 [q-fin.TR])
Modeling the impact of the order flow on asset prices is of primary importance to understand the behavior of financial markets. Part I of this paper reported the remarkable improvements in the description of the price dynamics which can be obtained when one incorporates the impact of past returns on the future order flow. However, impact models presented in Part I consider the order flow as an exogenous process, only characterized by its two-point correlations. This assumption seriously limits the forecasting ability of the model. Here we attempt to model directly the stream of discrete events with a so-called Mixture Transition Distribution (MTD) framework, introduced originally by Raftery (1985). We distinguish between price-changing and non price-changing events and combine them with the order sign in order to reduce the order flow dynamics to the dynamics of a four-state discrete random variable. The MTD represents a parsimonious approximation of a full high-order Markov chain. The new approach captures with adequate realism the conditional correlation functions between signed events for both small and large tick stocks and signature plots. From a methodological viewpoint, we discuss a novel and flexible way to calibrate a large class of MTD models with a very large number of parameters. In spite of this large number of parameters, an out-of-sample analysis confirms that the model does not overfit the data.
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The Ideal Team Player: How to Recognize and Cultivate The Three Essential Virtues
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Wiley Practice Questions for 2016 Part I FRM Exam
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Statement On The Notice Of The Joint Industry Plan On The Consolidated Audit Trail (âCATâ), SEC Commissioner Kara M. Stein, April 27, 2016
I would like to thank the staff for all of their work on this notice. In particular, David Hsu, Amy Edwards, Christopher Meeks, Carl Emigholz, Mark Donohue, Steve Samson, Rebekah Liu, Jennifer Colihan, Leigh Duffy, John Lee, Ted Uliassi, Laura Tuttle, Claire O’Sullivan, and Adam Bloomfield.
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Moscow Exchange Proposes Two Additional Members To Its Executive Board
Moscow Exchange's new Supervisory Board met for the first time on 27 April 2016 following its election at the Company's AGM. The new Board is comprised of 12 Directors, of which five are independent.
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EEX New Participant: Central European Power Opportunity Fund, L.P.
Central European Power Opportunity Fund, L.P. has been admitted to exchange trading for Phelix Futures/ Options, Spanish Financial Power Futures/ Options, Greek Financial Power Futures, French Financial Power Futures/ Options, Nordic Financial Power Futures/ Options, Italian Financial Power Futures/ Options, Romanian Financial Power Futures, UK Financial Power Futures, Belgian Financial Power Futures, Dutch Financial Power Futures, German Intraday Cap Futures and Swiss Financial Power Futures.
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