The New York Mercantile Exchange ("NYMEX") and Commodity Exchange ("COMEX") issued a market regulation advisory notice to alert the marketplace that, pending all relevant regulatory review periods, NYMEX will permit block trading in certain products – concurrent with the launch of trading in the products on April 19, 2015 – on the trade date of April 20, 2015. Block trading for the following products will be permitted: Product Title Block Trade Minimum Threshold D4 Biodiesel RINs (Argus) 2015 Futures 5 contracts D5 Advanced Biofuel RINs (Argus) 2015 Futures 5 contracts D6 Ethanol RINs (Argus)
News & Insights
The Office of the Comptroller of the Currency ("OCC") named Roy Madsen Deputy Comptroller for Strategic Management. See: OCC Press Release.
The Federal Deposit Insurance Corporation ("FDIC") issued a financial institution letter with accompanying FAQs related to the revised regulatory capital rules that became effective on January 1, 2015. According to the FDIC, the FAQs are based on questions from members of the banking industry, particularly community banks. See: Financial Institution Letter.
The SEC issued an updated Investor Alert to help investors identify unauthorized or fraudulent use of the SEC seal. The Investor Alert reminds investors that the SEC does not "approve" or "endorse" any particular securities, issuers, products, loans, services, professional credentials, firms or individuals, and does not allow private entities to use its government seal. Lofchie Selected Seal Videos: Baby Seals; Singing Seal; Fighting Seals; Sealed with a Kiss; Glass Ceiling; Lucille. See: SEC Investor Alert.
The Office of the Comptroller of the Currency ("OCC") announced that Maryann Kennedy and Kris McIntire have been named Deputy Comptrollers for Large Bank Supervision. See: OCC Press Release.