News Centre

Prepared Remarks Before The Financial Stability Oversight Council: LIBOR, SEC Chair Gary Gensler, Washington D.C., Dec. 16, 2022

Date 16/12/2022

Thank you, Secretary Yellen. Last year, when this Council previously discussed the London Interbank Offered Rate (LIBOR), I referenced an important figure in the annals of economic theory: the fairy tale author Hans Christian Andersen.

IMF Executive Board Concludes 2022 Review Of The Safeguards Assessments Policy

Date 16/12/2022

On December 7, 2022, the Executive Board of the International Monetary Fund (IMF) concluded a periodic review of the safeguards assessments policy. The review covered experience with the policy since the last review in 2015, and included a staff paper, Safeguards Assessments – 2022 Review of Experience , and an independent report by an external panel of experts, Safeguards Assessments – 2022 External Expert Panel’s Advisory Report . The safeguards assessments policy’s main objective is to minimize the possibility of misreporting of information under IMF lending arrangements and misuse of IMF resources.

Ontario Securities Commission Announces New Registrant Advisory Committee Members

Date 16/12/2022

The Ontario Securities Commission (OSC) announced today the membership of the Registrant Advisory Committee (RAC) for the 2023-2024 term. The RAC serves as a forum to discuss issues and challenges faced by registrants in interpreting and complying with Ontario securities law, including registration and compliance related matters. 

US Acting Comptroller Of The Currency Provides Statements At Financial Stability Oversight Council Meeting

Date 16/12/2022

Acting Comptroller of the Currency Michael J. Hsu today provided  statements at the Financial Stability Oversight Council (FSOC) meeting with respect to climate-related financial risk and the FSOC annual report.

SIFMA Welcomes Introduction Of The E-delivery Legislation

Date 16/12/2022

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the introduction of legislation – “Improving Disclosure for Investors Act of 2022″- that would direct the SEC to promulgate rules that would expand access to electronic delivery of certain required financial disclosures:

“The time has come – and arguably is overdue – to implement electronic delivery as the default means for delivering investor communications, while giving investors the power to choose paper delivery if preferred. According to a recent survey, a large majority of retail investors regardless of income or age, want e-delivery for its environmental benefits, speed, and convenience. SIFMA commends Rep. Bill Huizenga (R-MI) and Rep. Jake Auchincloss (D-MA) for introducing this important legislation that builds on the progress of implementing an e-delivery framework suitable for the 21st century.”

Nadex Temporarily Amends Binary Contracts Strike Width

Date 16/12/2022

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased or decreased volatility, as the case may be, in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of December 12, 2022 as indicated in the Weekly Notice.

SEC Small Business Advocacy Office Releases Annual Report On Capital Raising

Date 16/12/2022

The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation issued its 2022 Annual Report  to Congress and the Commission. The report details how entrepreneurs and investors are building companies together, from startups to small public companies.

Nadex Refrains From Listing Certain Contracts

Date 16/12/2022

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions:

IMF Board Endorses Implementation Plan In Response To Institutional Safeguards Review

Date 16/12/2022

The Executive Board of the International Monetary Fund today endorsed an Implementation Plan to further strengthen the institution’s framework of institutional governance and analytical integrity. The Implementation Plan responds to the Institutional Safeguards Review, which the Executive Board completed on June 30, 2022. The Review found that the Fund’s safeguards mechanisms are generally robust, and identified several areas in which the data and analytical integrity frameworks could be further bolstered, and the smooth and effective functioning of the Fund’s system for internal disputes could be strengthened. The Board and Management committed to developing an action plan to guide implementation of the Review’s recommendations by the end of 2022. The plan discussed at the Board today reflects consultations with, and contributions from a wide range of stakeholders, including IMF staff, and reflects a consensus-based approach by the Board Steering Group and Management.

US Federal Agencies Announce Results Of Resolution Plan Review For Certain Domestic And Foreign Banks

Date 16/12/2022

The Federal Reserve Board and the Federal Deposit Insurance Corporation announced today the results of their joint review of the resolution plans for 71 domestic and foreign banking organizations. Resolution plans must describe a financial company's strategy for rapid and orderly resolution in bankruptcy in the event of its material financial distress or failure.