Industry Issues and Improvements

 

12/22/14 CME Pursues EU Wheat Plan as Euronext Dogged by Harvest Fallout

  • CME Group is moving forward with plans for an alternative European wheat futures market, encouraged by French producers who say incumbent provider Euronext has not fixed shortcomings exposed by poor harvest quality in 2014.”

 

 

Regulator Newsmakers

 12/22/14 U.S. CFTC Fines Deutsche Bank $3mln over customer fund flaws

  • The U.S. Commodity Futures Trading Commission on Monday ordered Deutsche Bank to pay a $3 million fine over charges that it had failed to properly invest customer funds and had made other mistakes in the process.”

 
12/22/14 Banks Face Basel Limits on Risk Models for Capital Rules

  • The floor will counter “measurement error” by banks, the Basel group said today in a statement on its website. “It would enhance the comparability of capital outcomes across banks and also ensure that the level of capital across the banking system does not fall below a certain level.””

 
12/22/14 UK to Extend Libor Manipulation Laws to Cover Gold, Oil, and Silver

  • Britain will widen the scope of laws which make the manipulation of market benchmarks a criminal offence to include seven more rates covering the currency, gold, oil and silver markets by April 1, the government said on Monday.”

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