News Centre

SEC Proposes Rules To Improve Risk Management In Clearance And Settlement And To Facilitate Additional Central Clearing For The U.S. Treasury Market

Date 14/09/2022

The Securities and Exchange Commission today proposed rule changes that would enhance risk management practices for central counterparties in the U.S. Treasury market and facilitate additional clearing of U.S. Treasury securities transactions. The proposed rule changes would update the membership standards required of covered clearing agencies for the U.S. Treasury market with respect to a member’s clearance and settlement of specified secondary market transactions. Additional proposed rule changes are designed to reduce the risks faced by a clearing agency and incentivize and facilitate additional central clearing in the U.S. Treasury market.

LuxSE And West-African Regional Exchange BRVM Join Forces On Sustainable Finance

Date 14/09/2022

Earlier today, during an official visit to Luxembourg by representatives from Bourse Régionale des Valeurs Mobilières (BRVM), the Luxembourg Stock Exchange (LuxSE) and the West-African regional exchange celebrated the signing of a Memorandum of Understanding (MoU).

Statement On Standards For Covered Clearing Agencies For U.S. Treasury Securities And Application Of The Broker-Dealer Customer Protection Rule With Respect To U.S. Treasury Securities, SEC Commissioner Mark T. Uyeda, Sept. 14, 2022

Date 14/09/2022

U.S. Treasury securities serve as a foundation and key linkage in both domestic and international financial markets. The U.S. Treasury market is the deepest and most liquid government securities market in the world.

Statement On Treasury Clearing, SEC Commissioner Jaime Lizárraga, Sept. 14, 2022

Date 14/09/2022

Today, the Commission is proposing amendments designed to improve transparency and lower systemic risk in the $23.3 trillion market for U.S. Treasury securities. By increasing the number of transactions subject to central clearing, these amendments should help strengthen the U.S. Treasury market and make it more resilient to unexpected shocks.

Statement On Proposed Rules Regarding Treasury Clearing, SEC Chair Gary Gensler, Sept. 14, 2022

Date 14/09/2022

Today, the Commission will consider whether to propose standards for covered clearing agencies (also known as clearinghouses) regarding the clearance of certain trades involving U.S. Treasury securities. I am pleased to support these rules because, if adopted, they would help to make a vital part of our capital markets more efficient, competitive, and resilient.

Moscow Exchange: Penalty Rates Change

Date 14/09/2022

CCP NCC sets new penalty rate for EUR from September 14, 2022:

BIS: Cyber Risk In Central Banking

Date 14/09/2022

Summary

Focus

Cyber attacks are becoming ever more frequent and sophisticated, and firms and policymakers list cyber risk as a major concern. Financial institutions and financial market infrastructures are especially at risk, and the financial industry ranks consistently as one of the most-attacked industries. While there have been several studies and surveys on cyber threats for the private sector – and firms in the financial sector in particular – little is known about central banks' assessment of cyber risk.

FSB Seeks Feedback On First Experiences With The Framework For Information From FMI Intermediaries

Date 14/09/2022

The FSB is conducting a survey to gather feedback on its Framework for information from FMI Intermediaries to support resolution planning (the Framework). The Framework aims to help FMI intermediaries better understand which information clients and their resolution authorities may need from them in the run-up to, and during, a firm’s resolution. It does so by providing an overview of the baseline information that is potentially relevant for clients and resolution authorities, which they and FMI intermediaries can then discuss, as needed, in their bilateral engagement.

US Treasury Sanctions IRGC-Affiliated Cyber Actors For Roles In Ransomware Activity - Action Part Of U.S. Government Response To The Continuous Malicious Cyber Activities Conducted By Iranian Actors

Date 14/09/2022

Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned ten individuals and two entities for their roles in conducting malicious cyber acts, including ransomware activity. Today’s designations are part of a joint action with the Department of Justice, Department of State, Federal Bureau of Investigation, U.S. Cyber Command, National Security Agency, and Cybersecurity and Infrastructure Security Agency. The individuals and entities designated today are all affiliated with Iran’s Islamic Revolutionary Guard Corps (IRGC).  This action continues the series of OFAC designations that aim to protect U.S. persons from ransomware activity, facilitators of ransomware activity, and other cybercrime.

Statement By Group Of Creditors Of Ukraine

Date 14/09/2022

The representatives of the Group of creditors of Ukraine (“The Group”) and the government of Ukraine met virtually on September 14, 2022 to conclude a Memorandum of Understanding (MoU) in order to implement the debt service suspension announced on July 20, 2022.