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Tag Archives: OCC

John Lothian Newsletter: Regulator to Review Leverage Limits for Currency Trades; CFTC approves TOCOM as an FBOT; Banks Must Bear the Risk of Derivatives Losses, CME Paper Says John Lothian Newsletter,Newsletter

First Read SEC Announces Charges Against Standard & Poor’s for Fraudulent Ratings Misconduct SEC The Securities and Exchange Commission today announced a series of federal securities law violations by Standard & Poor’s Ratings Services involving fraudulent misconduct in its ratings of certain commercial mortgage-backed securities (CMBS). jlne.ws/1um1vFI ***** Charges come how many years later? ++++ NYSE Unveils New Trading Room By Kristen Scholer New year, new digs for traders at the New York Stock Exchange. The NYSE, a subsidiary of Intercontinental Exchange Inc.ICE -0.68%, debuted a brand new trading room Tuesday morning before the opening bell. The space, dubbed “The…

John Lothian Newsletter: Nasdaq buys US index provider for $225m; Top GFI staff seek exit clause if rival BGC bid succeeds; UK financial watchdog doubles interventions John Lothian Newsletter,Newsletter

First Read Welcome to 2015 Welcome to the year 2015. It is a new year and time for new things. What the year will bring, only time will tell. Forget the prognosticators, though we feature quite a few of them at this time of the year. Only you matter to make things happen. Go out and make it happen. The NFA election for the board of directors is still going on. See our collection of interviews and commentaries with candidates for the CTA/CPO positions on JohnLothianNews.com In case you missed the news on Friday, Orc Group bought Tbricks. Tbricks was…

John Lothian Newsletter: Clearer OCC agrees capital raising deal; US SEC’s new investor watchdog lays out risky products for 2014; EU Retreats on Prop-Trading Ban John Lothian Newsletter,Newsletter

First Read George J. Kharouf, 1933-2014 George Kharouf, father of our friend and colleague Jim Kharouf, died this past weekend in Milwaukee at the age of 81. A visitation will be held Friday, December 16, from 5-7 pm at Krause Funeral Home, 12401 W. National Ave., New Berlin, WI. For more details, click the link or contact John at johnlothian@johnlothian.com. Please keep Jim and his family in your thoughts and prayers this holiday season. jlne.ws/1JQpR4r ***** Thank you to all who have sent expressions of condolences, thoughts and prayers to Jim and his family during this difficult time. It means…

John Lothian Newsletter: NYSE Plan Would Revamp Trading; Dark Pools in Spotlight as Europe Moves to Fortify Market; BGC Boosts Takeover Offer 3.8% for Interdealer Broker GFI John Lothian Newsletter,Newsletter

First Read SEFCON Snapshot 2014, Part II: Cross-Border Issues JohnLothianNews.com The WMBA Americas hosted SEFCON V on November 12, 2014, and John Lothian News was there. We interviewed 14 SEF operators, regulators and participants and put together this three part series on the state of SEFs one year into the mandate. Part II looks at the differences between U.S. SEF rules and those of other jurisdictions. The conference featured a panel on cross-border issues, moderated by ISDA CEO and former CFTC Commissioner Scott O’Malia, and also a keynote address by current CFTC Chairman Tim Massad. Watch the video » ++++…

John Lothian Newsletter: Market Turmoil Will Test the Post-Crisis Financial System; Top Democrat says regional banks key to Wall Street win on derivatives; NYSE to eliminate fees for some retail stock orders John Lothian Newsletter,Newsletter

First Read The Road Ahead: Donohue Leads OCC In a New and Pricier Era Sarah Rudolph – John Lothian News After 40 years as a relatively quiet clearing utility, the OCC has recently been shaken up. In just the past couple of years, the organization has seen dramatic changes in its leadership, staff, board and structure as it responds to new, more demanding regulatory requirements and a changing environment. Perhaps the biggest change has been the OCC’s new designation in the wake of massive regulatory changes since the financial crisis. In July 2012 the Financial Stability Oversight Council, established under…

The Road Ahead: Donohue Leads OCC In A New And Pricier Era Commentary,Options

After 40 years as a relatively quiet clearing utility, the OCC has recently been shaken up. In just the past couple of years, the organization has seen dramatic changes in its leadership, staff, board and structure as it responds to new, more demanding regulatory requirements and a changing environment. Perhaps the biggest change has been the OCC’s new designation in the wake of massive regulatory changes since the financial crisis. In July 2012 the Financial Stability Oversight Council, established under the Dodd-Frank Wall Street Reform and Consumer Protection Act, designated the OCC as a “systemically important financial market utility” (SIFMU)….

Craig Donohue, executive chairman, OCC – Clearing Today and Tomorrow Video

“When we first came into the industry, clearing, I guarantee you, was not sexy at all.” Craig Donohue, executive chairman of OCC, begins by giving a quick overview of OCC and highlighting its achievements with equity derivatives contracts and margin collateral. He then goes on to discuss challenges in industry, including the 2008 financial crisis and the G20 response to shifting more risk to central counterparties. Donohue also explains what a systemically important financial market utility is, and what challenges OCC and other SIFMUs face in the future.

The ALS Ice Bucket Challenge Compilation from John Lothian News Blog,Giving News

When John Lothian was nominated by colleague Doug Ashburn to take the ALS Ice Bucket Challenge, he graciously accepted, then issued his challenge to the readership of the John Lothian Newsletter.  Here is an assortment of the videos we have received.

OCC’s Cahill Takes the Ice Bucket Challenge Blog,Giving News

OCC President and CEO Mike Cahill participated in the ALS Ice Bucket Challenge on August 25, 2014. Mike was nominated by Gary Katz of ISE Exchange and challenged Kim Taylor, President of CME Clearing at CME Group, Michael Bodson, President and CEO of DTCC and Dave Downey, CEO of One Chicago. Here is his video: