News Centre

FSB Europe Group Discusses Financial Stability Outlook And Policies To Address Risks From Crypto-Asset Activities

Date 10/11/2022

The Financial Stability Board (FSB) Regional Consultative Group for Europe met today in Lisbon to discuss global and regional economic and financial market developments, including recent work to address vulnerabilities in non-bank financial intermediation and to promote consistent and effective regulation of crypto-assets and markets as well as stablecoin arrangements. Members also received an update on planned FSB work for 2023, including proposed deliverables to the Indian G20 Presidency.

CFTC Commissioner Pham To Participate In A Regulators Summit And Speak On A Panel At Abu Dhabi Finance Week

Date 10/11/2022

Concurring Statement Of CFTC Commissioner Caroline D. Pham Regarding Proposed Order And Request For Comment On An Application For A Capital Comparability Determination

Date 10/11/2022

I respectfully concur with the notice of proposed order and request for comment on an application for a capital comparability determination submitted on behalf of nonbank swap dealers subject to regulation by the Mexican Comision Nacional Bancaria y de Valores (CNBV).

Statement Of CFTC Commissioner Summer K. Mersinger Regarding CFTC Open Meeting On November 10, 2022

Date 10/11/2022

Thank you to the Chairman for calling today’s open meeting, my fellow commissioners for their engagement, and the staff of the Commodity Futures Trading Commission (CFTC or Commission) for their hard work and dedication in preparing the items that we are considering today.

BIS: Is The Covid-19 Pandemic Fast-Tracking Automation In Developing Countries? Evidence From Colombia

Date 10/11/2022

Summary

Focus 

Recent evidence suggests that the Covid-19 pandemic has tended to accelerate the automation process in developed economies. We assess whether this is also happening in Colombia, a developing country characterised by a combination of low investment in research and development (R&D) and productivity, and high levels of informal labour and unemployment. In this context, the mobility restrictions imposed by the government in order to reduce the spread of the virus and the fear of contagion led to a reduction in labour supply, increasing labour cost relative to capital, which in turn could have enhanced automation.

US Treasury Releases Report On Macroeconomic And Foreign Exchange Policies Of Major Trading Partners Of The United States

Date 10/11/2022

The U.S. Department of the Treasury delivered its semiannual Report to Congress on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States.  In this Report, Treasury reviewed and assessed the policies of major U.S. trading partners, comprising roughly 80 percent of U.S. foreign trade in goods and services, during the four quarters through June 2022.

The FTX Collapse: A Market Analysis, By Clara Medalie, Riyad Carey, And The Kaiko Research team

Date 10/11/2022

First came the Terra collapse. Then the bankruptcies of the centralized lenders. And now the (almost certain) insolvency of FTX, one of the largest cryptocurrency exchanges in the world. 

Federal Reserve Supervision And Regulation Report

Date 10/11/2022

The report summarizes banking conditions and the Federal Reserve’s supervisory and regulatory activities, in conjunction with semiannual testimony before Congress by the Vice Chair for Supervision.

Securities Commission Of The Bahamas Freezes Assets Of FTX

Date 10/11/2022

Today, the Securities Commission of The Bahamas (the Commission) took action to freeze assets of FTX Digital Markets and related parties. The Commission also suspended the registration and applied to the Supreme Court of The Bahamas for the appointment of a provisional liquidator of FTX Digital Markets Ltd. (FDM).

Readout: US Deputy Secretary Of The Treasury Wally Adeyemo’s Trip To Europe

Date 10/11/2022

Deputy Secretary of the Treasury Wally Adeyemo traveled to Paris, France, London, UK, and Brussels, Belgium from November 7-9 to continue close coordination with foreign counterparts on economic measures — including sanctions and export controls — to counter Russia’s war, implementation of the price cap on Russian oil, and economic assistance for the Ukrainian people. The Deputy Secretary also met with executives from the financial and energy sectors to to hear their perspectives on reducing Putin’s revenues to help ensure Russia does not profit from the brutal war against Ukraine.