First Read A Leg To Stand On: Power To Help Rich Hansen To all that care: Power. The power to hurt, the power to ignore, the power to help. It comes in so many forms and is used in so many ways. Many people don’t even consider how much power they have in most given situations. And, of those people who do, very often they make the choice to use their power to ignore what is happening by not getting involved, by not lending a hand – even when it takes very little effort. We can often think of those…
Tag Archives: Financial Conduct Authority
John Lothian Newsletter: High-Speed Firm Virtu Revives IPO Plans; U.K. Launches Investment Banking Competition Investigation; Deutsche Börse profit up nearly 80% John Lothian Newsletter,Newsletter
First Read Bits & Pieces By John J. Lothian If you missed Jim Kharouf‘s tribute to the late Ivers Riley in yesterday’s newsletter, please go back and read it. Jim did an exceptional job of capturing the man and all he did for our markets. I was privileged to have met Ivers when he was ISE chairman, but Jim’s roots with Ivers went further back and he was the perfect journalist to write his story. Longtime Chicago Tribune reporter, editor and editorial board member Greg Burns is moving to Allstate Insurance to take over responsibility for their financial communications. Read…
John Lothian Newsletter: Open for business: Government shutdown, default averted; Knight Capital Agrees to $12 Million Settlement for 2012 Errors; Fed Weighs Surcharge on Banks’ Commodity Businesses John Lothian Newsletter,Newsletter
First Read Welcome Back to Work I would like to welcome back to work the employees of the U.S regulatory agencies in Washington, DC. In a sports related note, I wanted to mention another controversy in Washington about the name of the professional football team there. The Washington Redskins are under increasing pressure to change their name due to the derogatory nature of it. So the team has decided to change their name and will henceforth be called just the Redskins. ++++ Connecting the Dots John J. Lothian My friends at the National Futures Association asked me to connect the…
John Lothian Newsletter: Turkey in talks with LSE, Nasdaq on bourse partnership; UK watchdog swoops on big banks; CFTC Said to Weigh Lower Price-Quote in Dodd-Frank Swap Rule John Lothian Newsletter,Newsletter
Turkey seeks a dancing partner for the country’s exchange, and considers teaming up with the London Stock Exchange and Nasdaq. The Financial Conduct Authority in the UK begins a major sweep of major banks in a probe of the way they work with large pension funds. The CFTC considers reducing the number of Dodd-Frank-required quotes buyers must request before trading swaps.
John Lothian Newsletter: EU to Review Proposed Merger of ICE, NYSE; U.K. Regulator Said to Join CFTC in ISDAfix Manipulation Probe; Liffe Sues Dutch Options Market TOM Over AEX Products John Lothian Newsletter,Newsletter
Regulators for the European Union agree to review the ICE-NYSE Euronext merger plan, simplifying the approval or denial process for the two companies. The UK’s Financial Conduct Authority opens a probe into the ISDAfix rate, joining US regulators in looking for rate fixing. NYSE Liffe sues Dutch platform TOM, accusing the options marketplace of creating equity options without a license.