News Centre

Objection Of CFTC Commissioner Christy Goldsmith Romero To No-Action Letter That Rolls Back Dodd-Frank Act Reforms And Removes Counterparty Protections

Date 22/02/2024

I object to the CFTC staff issuing a no-action letter rolling back critical Dodd-Frank Act reforms intended to address causes of the 2008 financial crisis.  The Dodd-Frank Act directed the Commission to impose business conduct standards on swap dealers to reverse the caveat emptor nature of pre-crisis swaps markets.  These business conduct rules promulgated by the Commission in 2012 include that swap dealers shall disclose to a potential counterparty material information that reasonably allows the counterparty to assess “the material incentives and conflicts of interest” the swap dealer may have before entering into a swap.  Those disclosures “shall include…the mid-market mark of the swap.”

US Acting Comptroller Of The Currency Discusses Consolidated Supervision Of Crypto-Asset Intermediaries

Date 22/02/2024

Acting Comptroller of the Currency Michael J. Hsu today offered remarks to the Financial Stability Board’s Crypto Working Group.

CFTC Staff Issues No-Action Letter Regarding Pre-Trade Mid-Market Mark For Certain Interest Rate Swaps Referencing SOFR

Date 22/02/2024

The Commodity Futures Trading Commission’s Market Participants Division (MPD) today issued a no-action letter in relation to the requirement in Regulation 23.431 that swap dealers and major swap participants (swap entities) disclose to certain counterparties the Pre-Trade Mid-Market Mark (PTMMM) of a swap.  

Canadian Securities Regulators Provide Updated Guidance On Virtual Shareholder Meetings

Date 22/02/2024

The Canadian Securities Administrators (CSA) are providing reporting issuers updated guidance on virtual shareholder meetings following initial guidance provided in February 2022.

Fiserv To Present At Upcoming Investor Conferences

Date 22/02/2024

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, announced its participation in the following investor conferences.

Archax Launches Yield-Generating Stablecoin Service - Facilitating The Movement Of Stablecoin Assets Into Tokenised, Regulated, Yield-Bearing Holdings

Date 22/02/2024

Archax, the only FCA-regulated digital asset exchange, broker, and custodian, today announced the introduction of its Stablecoin Yield Service. This service enables individuals with assets in stablecoins to transition them into yield-generating instruments, such as regulated Money Market Funds (MMFs), which are also available in tokenised form. 

Revised Lists Of The Moscow Exchange Indices Announced

Date 22/02/2024

Depositary receipts of QIWI PLC (code: QIWI, ISIN: US74735M1080) are excluded from the constituent lists of the MOEX Russia Index (IMOEX, IMOEX2), the RTS Index (RTSI) and the MOEX Active Management Index (IMOEXW), the MOEX Broad Market Index (MOEXBMI) and the RTS Broad Market Index (RUBMI), the MOEX Financials Index (MOEXFN) and the RTS Financials Index (RTSFN), the MOEX SMID Index (MCXSM) and the RTS SMID Index (RTSSM), the MOEX Innovation Index (MOEXINN) from February 27, 2024.

Read more on the Moscow Exchange: https://www.moex.com/n67828

Fixed-Income Securities Are Looking Like An Outstanding Asset For This Year: Q&A With Juan Nozal, Fixed Income Portfolio Manager At MAPFRE Asset Management

Date 22/02/2024

Q: How long have you been at MAPFRE AM, and what is your specific role there?

A: “I joined the management team at MAPFRE AM five years ago, specifically in the fixed income area, where I’m responsible for managing investments for the life and non-life insurance portfolios. Our area performs a wide range of tasks. For example, we’re responsible for aligning investments with the company’s liabilities, and for managing the company’s own funds. We’re also in charge of proposing new investment ideas for the wider network.”

Is This Time Different? Recent Monetary Policy Cycles In Retrospect, Federal Reserve Vice Chair Philip N. Jefferson, At The Peterson Institute For International Economics, Washington, D.C.

Date 22/02/2024

I will take this opportunity to share with you my outlook on the U.S. economy and some upside and downside risks to which I am paying special attention. Also, I will review past monetary policy cycles and discuss what lessons we may learn from them. With that, let me turn to my outlook for the U.S. economy.

Tsitsi Mutiti Chartered FCSI Of Charles Stanley Wealth Managers Wins CISI Mentor Of The Year

Date 22/02/2024

Financial services education professional body and charity, the CISI (Chartered Institute for Securities & Investment) is delighted to announce that Tsitsi Mutiti Chartered FCSI has won the inaugural CISI Mentor of The Year award 2024.