The Order finds that Barclays attempted to manipulate interest rates and made related false reports to benefit its derivatives trading positions. The Order also finds that Barclays made false LIBOR reports at the direction of members of senior management to protect its reputation during the global financial crisis. View press release in full here(links externally to CFTC website).View Chairman Gary Genslers statement here.

European Securities and Markets Authority June 20, 2012 ESMA is seeking comments on its proposed technical advice on possible delegated acts concerning the new Prospectus Directive. The consultation paper focuses on the proportionate disclosure regime to convertible/exchangeable debt securities. Comments should be submitted to ESMA by August 20, 2012.

Section 502 the Dodd-Frank Act requires the Federal Insurance Office (FIO) to provide a report not later than September 30, 2012, describing the breadth and scope of the global reinsurance market and the critical role such market plays in supporting insurance in the United States. To assist FIO in completing this report, FIO issues this request for comment. Comments Due: August 27, 2012 View release in full here (links externally to Federal Reserve website).

Financial Services Authority June 26, 2012 The FSA has censured the London subsidiary of Kaupthing, Kaupthing, Singer and Friedlander (" KSF") for mismanagement of its liquidity arrangements, in violation of UK regulations. In particular, the FSA found that KSF had failed to ensure that liquidity from its parent company would be readily available in an emergency, and failed to keep the FSA informed of developments. The FSA noted that KSF would have been subject to a substantial fine had it not already been insolvent.

Yesterday the SEC charged Tai Nguyen, the owner of the California-based equity research firm Insight Research, with insider trading. The charges stem from the SEC’s ongoing investigation of insider trading involving so-called “expert networks” that provide specialized information to investment firms. View press release in full here (links externally to SEC website).View SEC complaint.