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SEC Investor Advisory Committee To Discuss Exempt Offerings And Accredited Investors At September 21 Meeting

Date 19/09/2023

The Securities and Exchange Commission’s Investor Advisory Committee will hold a public, in-person, meeting on September 21 at 10 a.m. ET at the SEC Headquarters in Washington, D.C. The meeting will also be webcast on the SEC website.

350 Investment Managers Now Leveraging CTM’s Automated Affirmation Capabilities - DTCC Launches A T+1 Scorecard To Assist CTM Clients In Assessing Their Operational Efficiency In Preparation For Accelerated Settlement - Plans To Unveil New Trade Archival Capabilities Early Next Year To Assist CTM Clients With U.S. Reporting Obligations

Date 19/09/2023

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, announced today that 350 Investment Managers are now leveraging CTM’s automated trade affirmation capabilities to accelerate the post-trade lifecycle, as firms prepare for the U.S. move to T+1 trade settlement. The number of buy-side firms who also leverage CTM’s Match to Instruct (M2i) workflow with a broker/dealer counterpart has increased by 91% since the start of 2023, with those clients achieving a near 100% same-day affirmation (SDA) rate by 9PM on trade date. The use of M2i is optimal in achieving SDA which is critical to meeting U.S. T+1 settlement timelines. CTM is offered as part of DTCC’s Institutional Trade Processing (ITP) suite of services.

Excerpts From US Secretary Of The Treasury Janet L. Yellen’s Remarks In New York, New York On US Treasury’s Principles For Net-Zero Financing & Investment

Date 19/09/2023

On Tuesday, September 19, Secretary of the Treasury Janet L. Yellen will deliver remarks in New York at the Bloomberg Transition Finance Action Forum to announce the release of the Treasury Department’s Principles for Net-Zero Financing & Investment and associated philanthropic and civil society pledges. The following are excerpts from the Secretary’s remarks as prepared for delivery.

SEC Charges CBRE, Inc. With Violating Whistleblower Protection Rule

Date 19/09/2023

The Securities and Exchange Commission today announced settled charges against CBRE, Inc. (CBRE), a Dallas-based commercial real estate services and investment firm and subsidiary of publicly traded CBRE Group, Inc., for using an employee release that violated the SEC’s whistleblower protection rule.

ICE And DeltaTerra Announce Joint Climate-Informed Credit Risk Analytics Solution For Mortgage-Backed Securities Investors - Combined Data Offering Builds On DeltaTerra’s Existing Climate-Adjusted Credit Metrics To Help Measure The Potential Change In Value Of Real Estate And MBS Due To Climate Risk

Date 19/09/2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, and DeltaTerra Capital, an investment research and consulting firm focused on climate risk analysis for institutional investors, today announced a collaboration to offer climate-adjusted credit risk analytics for residential and commercial mortgage-backed securities.

Confronting Inflation And Low Growth, OECD Economic Outlook, Interim Report September 2023

Date 19/09/2023

The global economy proved more resilient than expected in the first half of 2023, but the growth outlook remains weak. With monetary policy becoming increasingly visible and a weaker-than-expected recovery in China, global growth in 2024 is projected to be lower than in 2023. While headline inflation has been declining, core inflation remains persistent, driven by the services sector and still relatively tight labour markets. Risks continue to be tilted to the downside. Inflation could continue to prove more persistent than anticipated, with further disruptions to energy and food markets still possible. A sharper slowdown in China would drag on growth around the world even further. Public debt remains elevated in many countries.

US Treasury Releases Principles For Net-Zero Financing & Investment, Applauds $340 Million Philanthropic Commitment And Other Pledges

Date 19/09/2023

Today, the U.S. Department of the Treasury published the Principles for Net-Zero Financing & Investment (the Principles). The voluntary Principles highlight emerging best practices for private sector financial institutions that have made net-zero commitments and promote consistency and credibility in approaches to implementing them. With the Principles, the Treasury Department is supporting the mobilization of more private sector capital to address the physical and economic impacts of climate change and to seize on the historic economic opportunity presented by the green transition. 

Coinbase Announces Final Results And Expiration Of Cash Tender Offer For Its Outstanding 3.625% Senior Notes Due 2031

Date 19/09/2023

Coinbase Global, Inc. (the “Company” or “Coinbase”) today announced the final results of its previously announced offer to purchase for cash (the “Tender Offer”) up to $180.0 million in aggregate purchase price (the “Maximum Tender Amount”), excluding accrued and unpaid interest, of its 3.625% Senior Notes due 2031 (the “Notes”).

Cboe Global Markets Announces Leadership Transition

Date 19/09/2023

• Fredric J. Tomczyk, current member of Cboe Global Markets Board of Directors, and former President and Chief Executive Officer of TD Ameritrade Holding Corporation, named CEO
• Edward T. Tilly resigns as Chairman and CEO of Cboe Global Markets
• William M. Farrow, III, currently Lead Director, named non-executive Chairman of the Board of Directors of Cboe Global Markets

Bank Of England: Summary Minutes Of Sub-Group And Task Force Meetings - July

Date 19/09/2023

The Working Group on Sterling Risk-Free Reference Rates, which is comprised of a diverse set of market participants, is working to assist in finalising the transition away from LIBOR.