European Banking Authority May 16, 2012 The European Bank has published guidelines on Stressed Value-At-Risk and on the Incremental Default and Migration Risk modelling approaches employed by credit institutions using the Internal Model Approach. National competent authorities are expected to implement the guidelines within six months after their publication.

CFTC Orders Nevada Resident Luis Salazar-Correa and His Company, Prosperity Team, LLC, to Pay More than $2.6 Million to Settle CFTC Anti-fraud Forex Action

The CFTC yesterday issued an order filing and settling charges that, over an 18-month period, Morgan Stanley & Co. LLC (Morgan Stanley), a registered futures commission merchant (FCM), unlawfully executed, processed, and reported numerous off-exchange futures trades to the Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT) as exchanges for related positions (EFRPs). The CFTC order requires Morgan Stanley to pay a $5 million civil monetary penalty and to cease and desist from further violations of the Commodity Exchange Act (CEA) and CFTC regulations, as charged. View release

Links externally to SEC website: Form 7-M Form 10-M

The SEC today charged several penny stock companies and their officers as well as three penny stock promoters involved in various stock schemes in which bribes and kickbacks were paid to hype microcap stocks and illegally generate stock sales. View press release in full here (links externally to SEC website).