News Centre

CFTC Commitments Of Traders Reports Update

Date 17/12/2021

The current reports for the week of December 14, 2021 are now available.

Nadex Refrains From Listing Certain Contracts

Date 17/12/2021

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions: 

• No GBP/JPY, EUR/JPY, or GBP/USD 5-Minute contacts were listed for the 6:05pm through 6:15pm ET expiration times on trade date December 13, 2021;

• No GBP/JPY or GBP/USD 5-Minute contacts were listed for the 6:05pm ET expiration time on trade date December 14, 2021;

• No GBP/JPY 5 Minute contacts were listed for the 6:05pm ET expiration time on trade date December 16, 2021; additionally, no GBP/USD 5 Minute contacts were listed for the 6:05pm through 6:10pm ET expiration times on this date;

• No GBP/JPY 5 Minute contacts were listed for the 6:05pm ET expiration time on trade date December 17, 2021.

CME Group: Micro Ether Futures Surpass 100,000 Contracts Traded

Date 17/12/2021

CME Group, the world's leading and most diverse derivatives marketplace, today announced that Micro Ether futures volume surpassed 100,000 contracts in the new contract's first two weeks of trading.

IMF Executive Board Announces Follow Up Work On Institutional Safeguards

Date 17/12/2021

In its October 11, 2021 statement , the IMF’s Executive Board noted that it had “confidence in the impartiality and analytical excellence of IMF staff and in the IMF’s robust and effective channels for complaint, dissent, and accountability,” but it would consider “possible additional steps to ensure the strength of institutional safeguards in these areas.”

A Hopeless And Imperative Endeavor: Lessons From The Pandemic For Economic Forecasters, Federal Reserve Governor Christopher J. Waller At The Forecasters Club Of New York, New York, New York

Date 17/12/2021

Thank you, Mike, for the introduction. It is a privilege for me to address fellow macroeconomic forecasters, and I thought an appropriate subject would be the challenge of forecasting during the pandemic. First, a few remarks about my outlook. Then I will discuss some lessons learned from the pandemic—lessons about the economy's response to this unprecedented event relative to what forecasters, including myself, first thought.

DTCC Comments On Senate Confirmation Of New CFTC Chair Rostin Behnam

Date 17/12/2021

The Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to the Senate confirmation of new CFTC Chair Rostin Behnam:

“We congratulate Rostin Behnam on his confirmation as Chair of the U.S. Commodity Futures Trading Commission. Chair Behnam's confirmation recognizes his distinguished career in the public and private sectors, most recently as Acting CFTC Chair and commissioner, and as senior counsel to the U.S. Senate Committee of Agriculture, Nutrition and Forestry. We look forward to working with Chair Behnam and the CFTC to advance policies in the derivatives markets that promote market transparency, and to explore new approaches and tools to mitigate risk and make the markets more efficient."

JPMorgan Admits To Widespread Recordkeeping Failures And Agrees To Pay $125 Million Penalty To Resolve SEC Charges - Firm Also Agrees To Implement Significant Improvements To Its Compliance Controls

Date 17/12/2021

The Securities and Exchange Commission today announced charges against J.P. Morgan Securities LLC (JPMS), a broker-dealer subsidiary of JPMorgan Chase & Co., for widespread and longstanding failures by the firm and its employees to maintain and preserve written communications. JPMS admitted the facts set forth in the SEC’s order and acknowledged that its conduct violated the federal securities laws, and agreed to pay a $125 million penalty and implement robust improvements to its compliance policies and procedures to settle the matter.

EBA Consults On Amending Technical Standards On Benchmarking Of Internal Models

Date 17/12/2021

The European Banking Authority (EBA) launched today a consultation on the amendment of the Implementing Regulation for the 2023 benchmarking of internal approaches used in credit risk and market risk. While new instruments have been included for the 2023 market risk exercise, the credit risk IRB and IFRS 9 templates have remained untouched. However, for the IRB relevant data collection, some clarifications in the instructions are proposed and some issues are discussed with a view to apply future amendments to the ITS. The consultation runs until 18 February 2022.

US Financial Stability Oversight Council Releases 2021 Annual Report

Date 17/12/2021

The Financial Stability Oversight Council (Council) today unanimously approved its 2021 annual report.  This year’s report describes activities of the Council over the past year, as the U.S. economy has continued to rebound from the disruptions caused by the COVID-19 pandemic. Monetary and fiscal policy, substantial progress in vaccinations, and broadly accommodative financing conditions have together supported this recovery and bolstered the financial condition of households and businesses.  Additionally, the Council’s annual report describes significant financial market and regulatory developments, potential emerging threats to U.S. financial stability, and recommendations to promote U.S. financial stability.  The report was developed collaboratively by members of the Council and their agencies and staffs. 

EBA Proposes Amendments To Technical Standards On The Mapping Of ECAIs For Securitisation Positions

Date 17/12/2021

The European Banking Authority (EBA) launched today a public consultation to amend the Implementing Regulation on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for securitisation. The changes reflect the relevant amendments introduced by the new Securitisation Framework, as well as the mappings for two ECAIs that extended their credit assessments to cover securitisations. The Implementing Regulation is part of the EU Single Rulebook for banking aimed at creating a safe and sound regulatory framework consistently applicable across the European Union (EU). The consultation runs until 31 January 2022.