CME Group Increases Guarantee to $550M to Accelerate Return of 75 Percent of MF Global Inc. Segregated Funds to All Customers
– CME Group confident reports of significantly larger shortfalls are incorrect
– Distribution would result in return of roughly $4 billion total cash returned
FOA Enhances Regulatory Team
The Futures and Options Association is enhancing its regulatory resources with the appointment of Blake Stephenson as Manager, Regulation, with effect from 28 November. Blake joins the FOA from the Financial Services Authority (FSA) where he was part of the exchange supervision team. He is also a qualified solicitor.