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Tag Archives: Bank of England

John Lothian Newsletter: Schapiro stepping down at SEC, Walter to step in; Britain names Canadian to head Bank of England; Spanish Futures Trading Resumes After BME Technical Fault John Lothian Newsletter,Newsletter

As expected, Mary Schapiro announces her departure from the SEC, and Elisse Walter is tapped to take her place. Canada’s Mark Carney heads to Britain to take the head chair at the Bank of England. Spanish futures exchange MEFF shut down for several hours today; a “connectivity” issue was blamed, and trading has now resumed. The second installment in JLN’s Restoring Customer Confidence series has arrived: Eurex’s Byron Baldwin talks about the exchange’s flexible segregated account services.

John Lothian Newsletter: UK report urges rules to limit HFT risks; CME Challenger Struggles In Largest U.S. Derivatives Market; SEC adopts new risk mgmt rules for clearing agencies John Lothian Newsletter,Newsletter

A UK report, two years in the making, makes several recommendations on how to best limit the risks involved with high-frequency trading systems. The ELX exchange, launched in 2009 to compete against CME Group, is struggling with evaporating volumes as customers walk away from core interest rate products. The SEC adopts rules to regulate risk management practices at clearing companies.

LIBOR Scandal News (7/5/12 AM) Blog,Financials,Regulation

A roundup of the latest news on the LIBOR scandal. Lining Up Libor AlternativesBy KATY BURNE And MATT PHILLIPS – Dow JonesThe hunt for a credible replacement for Libor—long the most accepted market measure of short-term interest-rate moves—is heating up. Banks are testing alternatives to the London interbank offered rate, which is coming under increased scrutiny after regulators accused banks of manipulating the rate. Regulators on Libor Probe Said to Seek More TimeBy Joshua Gallu – BloombergBarclays Plc (BARC)’s settlement of about $451 million with U.S. and U.K. regulators last week offered the first glimpse of what banks may have…