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US Financial Stability Oversight Council Releases 2024 Annual Report

Date 06/12/2024

The Financial Stability Oversight Council (Council) today unanimously approved its 2024 annual report. The annual report reviews developments in financial markets, identifies vulnerabilities and emerging threats to U.S. financial stability, and makes recommendations to mitigate those vulnerabilities and threats. The report also details the activities of the Council and summarizes significant regulatory developments. The report was developed collaboratively by Council members and their agencies and staffs. Overall, the Council finds that the U.S. financial system remains resilient, though vulnerabilities warrant ongoing vigilance. 

Ontario Securities Commission Publishes 2024 Corporate Finance Division Annual Report

Date 06/12/2024

The Ontario Securities Commission (OSC) today published its annual Corporate Finance Division Annual Report, which provides an overview of our operational and policy work for the 2023-2024 fiscal year and guidance about our expectations and interpretation of regulatory requirements in certain areas.

Remarks By US Secretary Of The Treasury Janet L. Yellen At The Open Session Of The Meeting Of The US Financial Stability Oversight Council

Date 06/12/2024

This past year, the U.S. economy has been marked by a combination of developments that few thought possible. Inflation is down significantly, the unemployment rate is near historic lows, and economic growth is robust. This is the result of actions we’ve taken over the past four years, including our Administration’s focus on strengthening the resilience of the U.S. financial system. 

The EBA Publishes Final Standards On The Specification Of Long And Short Positions Under The Derogations For Market And Counterparty Risks

Date 06/12/2024

The European Banking Authority (EBA) today published its final draft Regulatory Technical Standards (RTS) on the method for identifying the main risk driver and determining whether a transaction represents a long or a short position. These RTS are part of the Phase 1 deliverables of the EBA roadmap on the implementation of the EU banking package in the area of market risk.

Bank Of England: Summary Minutes Of Sub-Group And Task Force Meetings - September 2024

Date 06/12/2024

The Working Group on Sterling Risk-Free Reference Rates, which is comprised of a diverse set of market participants, is working to assist in finalising the transition away from LIBOR.

Nigerian Exchange Weekly Market Report For The Week Ended 6 December 2024

Date 06/12/2024

A total turnover of 3.893 billion shares worth N87.749 billion in 43,868 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.194 billion shares valued at N54.850 billion that exchanged hands last week in 45,112 deals.

Finansinspektionen: AI Increasingly Common In The Financial Sector, But Risk Management Is Lagging Behind

Date 06/12/2024

The new generative AI technology has spread rapidly and extensively throughout the Swedish financial sector. At the same time, the work to manage the risks accompanying the new technology is lagging behind. These are FI’s findings following a survey of firms’ use of AI.

ACER And ESMA Cooperate To Better Protect Businesses And Consumers From Abuse Of The Energy Market

Date 06/12/2024

Bank Of England: Minutes Of The London FXJSC Legal Sub-Committee Meeting – 17 September 2024

Date 06/12/2024

The Bank of England chairs the London Foreign Exchange Joint Standing Committee (FXJSC) Legal Sub-Committee. The FXJSC is made up of market participants, infrastructure providers and the UK financial regulators.

FSB Sub-Saharan Africa Group Discusses Financial Scams And Fraud Prevention, And Crisis Preparedness And Resolution

Date 06/12/2024

The Financial Stability Board (FSB) Regional Consultative Group for Sub-Saharan Africa (RCG SSA) met on 6 December in Cape Town. The meeting was hosted by the South African Reserve Bank.