News Centre

Women’s History Month Event: SEC To Host Free Virtual Financial Fraud Webinar

Date 24/03/2022

On March 29, 2022 at 7 p.m. ET the Securities and Exchange Commission’s New York Regional Office, in coordination with Alpha Kappa Alpha Sorority Inc., Tau Omega Chapter, will celebrate women’s history month with a free investor education panel discussion about staying safe from financial fraud.

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

Date 24/03/2022

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.

ESMA Executive Director Natasha Cazenave Keynote Speech At ICI Investment Management Conference 2022

Date 24/03/2022

Ladies and Gentlemen, I am very pleased to have been invited to address the ICI investment management conference and provide the European Securities and Markets Authority’s perspective, even if only remotely as I can unfortunately not be with you in person.

SEC Announces New Leadership In Examinations Division And New York Regional Office

Date 24/03/2022

The Securities and Exchange Commission today announced that Daniel S. Kahl, Acting Director of the SEC’s Division of Examinations, will depart the agency after more than 21 years of service. Richard R. Best, Director of the SEC’s New York Regional Office, will serve as Acting Director of the Division of Examinations upon Mr. Kahl's departure. Lara Shalov Mehraban will serve as Acting Director of the New York Regional Office.

BIS: Financial Openness And Inequality

Date 24/03/2022

Summary

Focus

Recent increases in inequality have prompted a lot of interest in what causes it. Existing research has identified international financial openness as one of the main potential drivers of income inequality. Nevertheless, the evidence has not been conclusive so far. This is largely due to the use of very different measures and methods across studies. Most papers have focused on legal restrictions on capital flows as a measure of openness ("de jure measures"). The few that have examined measures based on actual external financial positions ("de facto measures") have used only a subset of the key metrics.

Statement On Proposal To Remove References Of Credit Ratings from Regulation M, SEC Chair Gary Gensler, March 24, 2022

Date 24/03/2022

Today, the Commission voted to propose removing references of credit ratings from Rules 101 and 102 of Regulation M (Reg M). I was pleased to support today’s proposal because, if adopted, it would fulfill a mandate issued by Congress in the wake of the 2008 financial crisis.

Martha Legg Miller, Director Of Small Business Advocate Office, To Leave SEC

Date 24/03/2022

The Securities and Exchange Commission today announced that Martha Legg Miller, Director of the Office of the Advocate for Small Business Capital Formation (OASB), is leaving the agency at the end of April. Sebastian Gomez Abero will serve as Acting Director.

Bank Of England Financial Policy Summary And Record - March 2022

Date 24/03/2022

The Bank Of England Financial Policy Committee (FPC) meets to identify risks to financial stability and agree policy actions aimed at safeguarding the resilience of the UK financial system.

CFTC Seeks Public Comment On FTX Request For Amended DCO Registration Order

Date 24/03/2022

The Commodity Futures Trading Commission (CFTC) has received inquiries from derivatives clearing organizations (DCO) or potential DCO applicants seeking to offer clearing of margined products directly to participants, such that participants would not clear through a futures commission merchant intermediary (non-intermediated model). Currently before the CFTC is a formal request from LedgerX, LLC d.b.a. FTX US Derivatives (FTX) to amend its order of registration as a DCO to allow it to modify its existing non-intermediated model. FTX currently operates a non-intermediated model and clears futures and options on futures contracts on a fully collateralized basis. In its request for an amended order of registration, FTX proposes to clear margined products for retail participants while continuing with a non-intermediated model. 

Drawbridge Launches Industry Advisory Board To Promote Cybersecurity Innovation And Collaboration Across The Alternative Investment Industry - Members Include Business Leaders From The Security, Legal, Compliance And Outsourcing Sectors

Date 24/03/2022

Drawbridge, a premier provider of cybersecurity software and solutions to the alternative investment industry, today announced the creation of its Industry Advisory Board (IAB). With the launch of its IAB, Drawbridge is bringing together exceptional industry leaders with unmatched experience to foster an open exchange of ideas and best practices to help advance cyber defenses for the alternative investment community.