Europe will formally delay new capital rules for banks, as it continues to discuss with the U.S. over recognition of the latter as having “equivalent” rules to oversee clearing houses, the FT reported.
Chicago Mercantile Exchange defended its efforts at pursuing market manipulation, with its spokeswoman Laurie Bischel stating that it “has a clear record of prosecuting spoofing as well as disruptive trading activity.”
DB1: Eurex CEO Andreas Preuss stated that the EU’s decision to delay the introduction of its OTC clearing mandate to 2015 is “unfortunate” and creates an “implemented disadvantage” for the aim of increasing safety in the sector, as reported in Risk.net.
ICE: NYSE appointed Stacey Cunningham as President of NYSE Governance Services. Cunningham was most recently Head of Sales & Relationship Management for NYSE Group, and prior to that she also served a similar role at NDAQ.