News Centre

BIS: Basel Committee Agrees To Consult On Targeted Revisions To Standards On Cryptoasset And Interest Rate Risk In The Banking Book And To Take Steps To Address Window-Dressing In Relation To The G-SIB Framework

Date 07/12/2023

• Basel Committee agrees to consult on targeted revisions to the standard on cryptoassets and a recalibration of the interest rate risk in the banking book standard.
• Decides to develop potential measures to address window-dressing behaviour by some banks in the context of the framework for global systemically important banks.
• Discusses risk management considerations associated with the transition to a low carbon economy and related physical risks.

BIS: Bank Transfers In Resolution – Practices And Lessons

Date 07/12/2023

Transfer transactions can be a useful tool in the resolution of failed banks. Their adoption in resolution can offer advantages in comparison with other strategies. Furthermore, a transfer is a flexible resolution tool that may be combined with others.

Improving Trust Amid Race In Technologies, By Kelvin To, Founder And President Of Data Boiler Technologies

Date 07/12/2023

TECH advancements and increased interconnectedness offer many benefits to society. Whilst it poses new Cybersecurity risks and privacy threats. The world becomes chaotic when authentication techniques cannot discern what to trust or untrust. According to the World Economic Forum, “Zero Trust” is “a shift in the security approach on how to dynamically and holistically establish trust with an unknown, whether a human being or a machine”. Research suggests that the Zero Trust market is expected to grow from $31.1 billion in 2023 to $67.9 billion by 2028. So, let us review the historical developments of internet safety and envisage what is next in improving Trust amid the race in various technologies.

Prepared Remarks Before The Investor Advisory Committee, SEC Chair Gary Gensler, Washington D.C., Dec. 7, 2023

Date 07/12/2023

Good morning. I am pleased to speak with the Investor Advisory Committee. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking on behalf of my fellow Commissioners or the staff.

Vienna Stock Exchange: The Financial Community Has Voted: "Stagflation" Is The Stock Market Taboo Word Of 2023

Date 07/12/2023

The Austrian financial sector has made its choice: The stock market taboo word for 2023 is "stagflation". The combination of stagnation and inflation – i.e. rising prices coupled with little or no economic growth – struck a particular chord this year. Terms related to the price level – as well as inflation itself – were generally trending in this year's poll. For example, "deflation" and the buzzword "greedflation" were among the title contenders. The latter describes inflation driven by exaggerated price demands from companies. However, there is no evidence of this, as the Federal Competition Authority in the retail sector recently stated.

“They Are Merely the Agents”: Prepared Remarks Before The American Bar Association, SEC Chair Gary Gensler, Washington D.C., Dec. 7, 2023

Date 07/12/2023

Good morning. I am pleased to speak before the American Bar Association for the Federal Regulation of Securities Winter Meeting. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking on behalf of my fellow Commissioners or the SEC staff.

IOSCO Uses Presence At COP28 To Drive Debate On Sustainable Finance

Date 07/12/2023

The International Organization of Securities Commissions (IOSCO), the global standard setter for securities market regulation, actively engaged on its sustainable finance agenda, delivering over 30 speeches and participating at various events with the global regulatory and financial community.

The Bank Of England, UK Prudential Regulation Authority And The UK Financial Conduct Authority Issue Joint Proposals To Increase Resilience Of The Financial Sector By Overseeing Critical Third Parties

Date 07/12/2023

The Bank of England (the Bank), Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) (collectively the ‘regulators’) are consulting on proposals to oversee and strengthen the resilience of services provided by critical third parties (CTPs) to UK regulated financial services firms (‘firms’) and financial market infrastructure entities (FMIs).

CME Group Declares Annual Variable Dividend

Date 07/12/2023

CME Group Inc., the world's leading derivatives marketplace, today declared its annual variable dividend, amounting to $5.25 per share. The dividend is payable January 18, 2024, to shareholders of record on December 28, 2023.

Euronext Announces December 2023 Quarterly Review Results Of The CAC SBT 1.5°

Date 07/12/2023

Euronext today announced the results of the quarterly review for the CAC SBT 1.5°, which will take place after markets close on Friday 15 December 2023 and be effective from Monday 18 December 2023.