News Centre

Federal Reserve System Publishes Annual Financial Statements

Date 21/03/2022

The Federal Reserve System on Monday released the 2021 combined annual audited financial statements for the Federal Reserve Banks. The System also released individual statements for the 12 Federal Reserve Banks, the Board of Governors, and five limited liability companies (LLCs) related to lending facilities established to support the Federal Reserve's pandemic response.

SEC Proposes Rules To Enhance And Standardize Climate-Related Disclosures For Investors

Date 21/03/2022

The Securities and Exchange Commission today proposed rule changes that would require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks that are reasonably likely to have a material impact on their business, results of operations, or financial condition, and certain climate-related financial statement metrics in a note to their audited financial statements. The required information about climate-related risks also would include disclosure of a registrant’s greenhouse gas emissions, which have become a commonly used metric to assess a registrant’s exposure to such risks.

CFTC Swaps Report Update

Date 21/03/2022

CFTC's Weekly Swaps Report has been updated, and is now available.

Shelter From The Storm: Helping Investors Navigate Climate Change Risk[1], SEC Commissioner Allison Herren Lee, March 21, 2022

Date 21/03/2022

This is a watershed moment for investors and financial markets as the Commission today addresses disclosure of climate change risk – one of the most momentous risks to face capital markets since the inception of this agency. The science is clear and alarming, and the links to capital markets are direct and evident.

Nigerian Exchange: Investors To Earn Over N780bn From Proposed 2021 Dividends

Date 21/03/2022

Following recent proposed dividends from companies listed on Nigerian Exchange Limited (NGX), investors are set to earn over N780 billion for the year 2021.

Statement On Proposed Mandatory Climate Risk Disclosures, SEC Chair Gary Gensler, March 21, 2022

Date 21/03/2022

Today, the Commission is considering a proposal to mandate climate-risk disclosures by public companies. I am pleased to support today’s proposal because, if adopted, it would provide investors with consistent, comparable, and decision-useful information for making their investment decisions and would provide consistent and clear reporting obligations for issuers. 

We Are Not The Securities And Environment Commission - At Least Not Yet, SEC Commissioner Hester M. Peirce, March 21, 2022

Date 21/03/2022

Thank you, Chair Gensler.  Many people have awaited this day with eager anticipation.  I am not one of them.  Contrary to the hopes of the eager anticipators, the proposal will not bring consistency, comparability, and reliability to company climate disclosures.  The proposal, however, will undermine the existing regulatory framework that for many decades has undergirded consistent, comparable, and reliable company disclosures.  We cannot make such fundamental changes to our disclosure regime without harming investors, the economy, and this agency.  For that reason, I cannot support the proposal.

Restoring Price Stability - Federal Reserve Chair Pro Tempore Jerome H. Powell, At "Policy Options For Sustainable And Inclusive Growth" 38th Annual Economic Policy Conference National Association For Business Economics, Washington, D.C.

Date 21/03/2022

Thank you for the opportunity to speak with you today.

Let me first pause to recognize the millions who are suffering the tragic consequences of Russia's invasion of Ukraine.

Finansinspektionen's Head Of Sustainable FinanceJohanna Fager Wettergren: Social Factors Are Important For Sustainable Investments

Date 21/03/2022

“A lot is about common sense; there isn't time to wait for the perfect solutions. This obviously applies to the climate, but it also clearly applies to social issues. Politicians may be equipped with the sharpest tools – but the financial sector has a very important role to play.”

EBA Publishes Final Draft Technical Standards On Default Probabilities And Loss Given Default For Default Risk Model Under The Internal Approach For Market Risk

Date 21/03/2022

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on probabilities of default (PDs) and losses given default (LGDs) for default risk model for institutions using the new Internal Model Approach (IMA) under the Fundamental Review of the Trading Book (FRTB). These final draft RTS specify the requirements for estimating PDs and LGDs using an institution's internal methodology or external sources. These draft RTS are part of the deliverables included in the roadmap for the new market and counterparty credit risk approaches.