News Centre

Acting SEC Chairman Mark T. Uyeda Announces Executive Staff And Other Appointments

Date 04/02/2025

The Securities and Exchange Commission today announced Acting Chairman Mark T. Uyeda’s executive staff, which will advise the Acting Chairman on matters before the Commission and work closely with SEC staff.

Federal Reserve Board Announces Termination Of Two Enforcement Actions With Wells Fargo

Date 04/02/2025

The Federal Reserve Board on Tuesday announced the termination of two enforcement actions with Wells Fargo. Both were issued in 2011, with the first relating to deficient practices in residential mortgage loan servicing and foreclosure processing (PDF) and the second relating to deficient mortgage lending practices at a former subsidiary (PDF).

BIS: Governors And Heads Of Supervision Endorse Work Programme Of Basel Committee

Date 04/02/2025

• The Basel Committee's oversight body endorses the Committee's work programme and strategic priorities for 2025-26.
• The programme prioritises work on Basel III implementation, emerging risks and vulnerabilities, digitalisation, and liquidity.
• GHOS members unanimously reaffirm their expectation to implement Basel III in full and consistently.

CFTC Staff Issues No-Action Letter To Korea Exchange Concerning The Offer Or Sale Of KOSPI And Mini KOSPI 200 Futures Contracts

Date 04/02/2025

The Commodity Futures Trading Commission’s Division of Market Oversight today issued a no-action letter stating it will not recommend the CFTC take enforcement action against Korea Exchange (KRX) for the offer or sale of Korea Composite Stock Price Index (KOSPI) 200 Futures Contracts and Mini KOSPI 200 Futures Contracts to persons located within the United State while the Commission’s review of KRX’s forthcoming request for certification of the contracts under CFTC Regulation 30.13 is pending. DMO issued similar letters when the KOSPI 200 became a broad-based security index in 2021 and 2022. [See CFTC Press Release Nos. 8464-21 and 8610-22]

Culture Is Contagious - Speech By Emily Shepperd, Chief Operating Officer, UK Financial Conduct Authority, At The 10th Annual Culture And Conduct In Financial Services Summit

Date 04/02/2025

Highlights

• Culture drives conduct and decision-making, which directly impact outcomes for consumers, markets, and our economy. For this reason, culture will continue to be a regulatory concern.
• It is vital that the informed, responsible risk-taking required for long-term economic growth is built on a strong foundation of healthy firm cultures.
• The FCA is actively working with stakeholders to drive up culture and conduct standards.

Acting CFTC Chairman Pham To Speak At Ondo Summit 2025

Date 04/02/2025

The EBA Publishes Its Draft Final Technical Standards On Reporting Of Data On Charges For Credit Transfers And Payments Accounts, And Shares Of Rejected Transactions

Date 04/02/2025

The European Banking Authority (EBA) today published its final draft Implementing Technical Standards (ITS) on reporting of data on charges for credit transfers and payments accounts, and shares of rejected transactions. The ITS deliver on the mandate in the Instant Payment Regulation (IPR) amending the SEPA Regulation, and aim at standardising reporting from banks, payment institutions and e-money institutions (i.e. Payment Service Providers - PSPs) to their National Competent Authorities. The reported data will help to ensure consumers benefit from access to instant credit transfers, and that the latter are no longer more expensive than regular credit transfers. Following its public consultation, the EBA has postponed the first harmonised reporting from PSPs by 12 months, from April 2025 to April 2026.

OCC January 2025 Monthly Volume Data

Date 04/02/2025

OCC reported January 2025 total cleared contract volume of 1,159,154,762 contracts – up 17.8 per cent from January 2024. Total options cleared contract volume reached 1,154,753,624 in January 2025, up 17.9 per cent from 979,538,715 in January 2024. Equity options volume reached a total of 639,673,352 contracts, up 27.6 per cent. Total futures cleared contract volume reached 4,401,138 in January 2025, down 8.6 per cent from 4,815,779 in January 2024.

Purdue University/CME Group Ag Economy Barometer: U.S. Farmers Retain Optimistic Outlook For 2025 Despite Ag Trade Uncertainty

Date 04/02/2025

U.S. farmers began 2025 with an optimistic outlook, as the January Purdue University/CME Group Ag Economy Barometer rose 5 points from the previous month to a reading of 141. This increase was driven by a 9-point growth in the Current Conditions Index and a 3-point rise in the Future Expectations Index. The improvement in sentiment was linked to higher crop prices between December and mid-January and fewer producers citing crop and livestock prices as a top concern. For instance, Eastern Corn Belt prices for near-term delivery of corn and soybeans rose by 9% and 5%, respectively, during that period. While farmers' views of current conditions improved, optimism about the future remained even stronger, with the Future Expectations Index exceeding the Current Conditions Index by 47 points. This month's survey was conducted between Jan. 13-17.

Rapid Addition And Adaptive Partner To Deliver Best-In-Class FIX Capabilities To Capital Markets Firms

Date 04/02/2025

• Partnership with Rapid Addition enables Adaptive to integrate comprehensive FIX capabilities within its custom trading technology platforms
• Aeron®-based Rapid Addition platform allows for seamless integration