www.isda.org ISDA responds to the Consultation Paper on OTC Derivatives published by the Canadian Securities Administrators, addressing the paper's take on clearing, trade repositories, electronic trading, capital and collateral, end-users and significant and segregation of collateral. Date January 14, 2011

European Central Bank On 13 January 2010, the ECB published its opinion in response to proposal for a regulation of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories. The ECB, in general, supports the proposed regulation's aim to lay down uniform requirements for OTC derivative contracts, and for the performance of activities of central counterparties and trade repositories. However, the ECB is concerned that the proposed regulation aims to promote financial stability in the OTC derivatives market from a prudential supervisory point of

Financial Services Authority On 18 January 2011, the Financial Services Authority ("FSA") fined Barclays Bank plc ("Barclays") £7.7 million for failures in relation to the sale of two funds. Between July 2006 and November 2008, Barclays sold Aviva's Global Balanced Income Fund and Global Cautious Income Fund to 12,331 people with investments totalling £692 million. There were a number of serious failings in the way the funds were sold. These included: Failing to ensure the funds were suitable for customers in view of their investment objectives, financial circumstances, investment knowledge

News Article Regulators have missed or postponed several deadlines to write rules needed to implement the financial overhaul triggered by the Dodd- Frank law. The SEC and CFTC are straining to keep up with the workload of turning the language in last summer's law into regulations in time to begin enforcing some of the new rules this summer. The CFTC will miss this month's deadline under the law to issue a rule aimed at curbing speculative trading of more than two dozen raw materials, including precious metals, crude oil and soybeans. Publication Wall Street Journal Date January 18, 2011 Cross

CFTC Speeches/Remarks CFTC Chairman Gensler, attending today's meeting of the Financial Stability Oversight Council (FSOC) expresses his support for i) releasing the Study Recommendations on Prohibitions on Proprietary Trading Certain Relationships with Hedge Funds Private Equity Funds, also known as the Volcker Rule study; ii) releasing the Study Recommendations Regarding Concentration Limits on Large Financial Companies; and iii) the Proposed Rulemaking on Supervision of Certain Nonbank Financial Companies. Date January 18, 2011