News Centre

SIFMA Statement On Senate Passage Of Retirement Legislation

Date 22/12/2022

SIFMA issued the following statement from President and CEO Kenneth E. Bentsen, Jr. on retirement legislation that passed the Senate today as part of the omnibus spending package, which will soon be voted on in the House:

“The American retirement system has helped millions of Americans prepare for a secure future, and the private sector has played an important role in providing and administering retirement plans. The legislation passed today takes important steps toward enhancing the private retirement system and increasing retirement savings, including provisions that will incentivize small businesses to offer retirement plans, enable older Americans to save more and hold on to their savings longer, and help young people to save while paying off student loan debt. We commend Rep. Richard Neal (D-MA), Rep. Kevin Brady (R-TX), Sen. Ron Wyden (D-OR), Sen. Mike Crapo (R-ID), Sen. Ben Cardin (D-MD), Sen. Rob Portman (R-OH) and their staffs for their long-standing commitment to improving retirement security for all Americans and for their work on this important legislation.”

Financial Services Regulatory Authority Of Ontario Continues Implementation Of FA/FP Framework

Date 22/12/2022

The Financial Services Regulatory Authority of Ontario (FSRA) is giving users of the Financial Advisor and Financial Planner titles in Ontario more time to find a path to comply with the Financial Professionals Title Protection Framework.

Federal Reserve: Senior Credit Officer Opinion Survey On Dealer Financing Terms

Date 22/12/2022

The Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter (OTC) derivatives markets. The SCOOS is modeled after the long-established Senior Loan Officer Opinion Survey on Bank Lending Practices, which provides qualitative information about changes in supply and demand for loans to households and businesses at commercial banks. The SCOOS collects qualitative information on credit terms and conditions in securities financing and OTC derivatives markets, which are important conduits for leverage in the financial system. The survey panel for the SCOOS began by including 20 dealers and over time has been expanded. These firms account for almost all of the dealer activity in dollar-denominated securities financing and OTC derivatives markets. The survey is directed to senior credit officers responsible for maintaining a consolidated perspective on the management of credit risks. The HTML links below include the full report; the PDF links include the summary only.

Nasdaq Announces Semi-Annual Changes To The First North 25 Index

Date 22/12/2022

Nasdaq (Nasdaq: NDAQ) announced today the results of the semi-annual review of the First North 25 Index, (Nasdaq Stockholm: FN25), which will become effective at market open on Monday, January 02, 2023.

Nasdaq Announces Semi-Annual Changes To The OMX Stockholm 30 Index

Date 22/12/2022

Nasdaq (Nasdaq: NDAQ) announced today the results of the semi-annual review of the OMX Stockholm 30 Index, (OMX Stockholm: OMXS30), which will become effective at market open on Monday, January 02, 2023.

Nasdaq Announces Semi-Annual Changes To The OMX Iceland 10 Index

Date 22/12/2022

Nasdaq (Nasdaq: NDAQ) announced today the results of the semi-annual review of the OMX Iceland 10 Index, (OMX Iceland: OMXI10), which will become effective at market open on Monday, January 2, 2023.

BIS: Information Governance In Sustainable Finance

Date 22/12/2022

Financial markets depend on information flows that facilitate capital allocation. Information governance is the set of regulatory provisions designed to mitigate conflicts of interest that could interfere with these flows, so to ensure that all market participants receive a baseline of reliable information. 

SEC Announces Departure Of Dan Berkovitz - Megan Barbero Named General Counsel

Date 22/12/2022

The Securities and Exchange Commission today announced that General Counsel Dan Berkovitz will depart the agency, effective Jan. 31, 2023. Megan Barbero, currently SEC Principal Deputy General Counsel, will be appointed General Counsel, effective upon Mr. Berkovitz’s departure.

Developing Economies: A Proven Use Case For Crypto - Kaiko Research: Deep Dive

Date 22/12/2022

Some people think of crypto as purely an investment opportunity. A highly volatile asset class that comes with risk, but eventually the returns will be worth it. However, this perception is somewhat naive, as it ignores one of crypto’s biggest use cases: financial freedom. The concept of financial freedom is hard to grasp for the privileged of us living in Europe or the US - despite record levels of inflation, we are not financially oppressed, and we can bank on our savings being relatively intact next year.

IMF Executive Board Concludes Annual Discussions On CEMAC Common Policies, And Common Policies In Support of Member Countries Reform Programs

Date 22/12/2022

• The positive terms-of-trade shock amidst the fallout from Russia’s war in Ukraine has broadly benefited CEMAC, reinforcing its external position and gradual post-pandemic recovery.
• Rising global inflation has passed through to domestic prices, putting pressure on real incomes and threatening food security and tight global financial conditions create headwinds to growth.
• A prudent management of the oil windfall and faster progress on deep structural and governance reforms are pivotal for laying the foundations for a more diversified, inclusive, and sustainable growth.