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Describing the revolution of breaking news doesn’t even require 140 characters; it can be summed up in just one word – Twitter.

The Commodity Futures Trading Commission has proposed final rules to implement enhanced risk management standards for systemically important derivatives clearing organizations.

The final rules for swap execution facilities (SEFs) were entered into the Federal Register on June 4, 2013 and became effective on August 5.

Yesterday, the CFTC announced that it has implemented the third phase of required clearing for credit default swaps and interest rate swaps.

Institutions need to be able to record all trade data related to swaps and forensically reconstruct each trade at the regulator’s request. It no longer is enough to comply retrospectively; firms now need to think about proactive compliance.

In its latest economic outlook released today, the Organisation for Economic Co-operation and Development (OECD) has revised down global growth forecasts for 2013 and 2014 to 2.7 and 3.6 per cent respectively, almost half a percentage down from its 3.1 and 4 per cent projections back in May.

Bank of England Governor Mark Carney announced today that the UK recovery has finally taken hold during this morning’s inflation report press conference.

Yields on the 10-Year US Treasury benchmark rose today immediately following the release of the Federal Reserve Open Market Committee statement, according to Tradeweb data.

Yesterday’s Thanksgiving festivities were followed by the news this morning that the Netherlands had its AAA credit rating cut by Standard & Poor’s.

“Britain’s economic plan is working”, said Chancellor George Osborne in today’s Autumn Statement.