News Centre

ISDA-Clarus RFR Adoption Indicator: June 2022

Date 13/07/2022

The ISDA-Clarus RFR Adoption Indicator increased to an all-time high of 46.4% in June 2022 compared to 46.0% the prior month. The indicator tracks how much global trading activity (as measured by DV01) is conducted in cleared over-the-counter and exchange-traded interest rate derivatives (IRD) that reference the identified risk-free rates (RFRs) in six major currencies. On a traded notional basis, the percentage of RFR-linked IRD comprised 39.8% of total IRD in June compared to 38.6% the prior month.

Statement On Adoption Of Amendments To The Rules Governing Proxy Voting Advice, SEC Chair Gary Gensler, July 13, 2022

Date 13/07/2022

Today, the Commission will consider adopting amendments to the rules governing proxy voting advice. I am pleased to support these amendments because they address issues concerning the timeliness and independence of proxy voting advice, which would help to protect investors and facilitate shareholder democracy.

Statement Of CFTC Commissioner Caroline D. Pham On The CPMI-IOSCO Final Guidance On Stablecoin Arrangements

Date 13/07/2022

CFTC Commissioner Caroline D. Pham made the following statement today regarding international efforts to set standards for the regulation of stablecoins:

“Technological change has continued to transform markets, with the rise of digital assets and innovations such as stablecoin arrangements to provide transfer functions.  Today, the Bank of International Settlements' (BIS) Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) issued the report Application of the Principles for Financial Market Infrastructures to stablecoin arrangements.

SEC Adopts Amendments To Proxy Rules Governing Proxy Voting Advice - Amendments Address Concerns By Investors And Others Regarding Rules That May Impair The Timeliness And Independence Of Proxy Voting Advice

Date 13/07/2022

The Securities and Exchange Commission today voted to adopt amendments to its rules governing proxy voting advice as proposed in November 2021. The final amendments aim to avoid burdens on proxy voting advice businesses that may impair the timeliness and independence of their advice. The amendments also address misperceptions about liability standards applicable to proxy voting advice while also preserving investors’ confidence in the integrity of such advice.

BIS - Bank Of Japan's ETF Purchase Program And Equity Risk Premium: A CAPM Interpretation

Date 13/07/2022

Summary

Focus

We study the effects of the Bank of Japan's (BOJ) exchange-traded fund (ETF) purchase programme on equity risk premia. Constructing a unique panel data set of the amount of individual stocks that the BOJ has indirectly purchased in the programme, we see significant cross-sectional and time series variations among individual stocks due to their different weights in ETFs and the BOJ's policy changes on its share of purchases across ETFs. Using these cross-sectional and time series variations, we study whether the ETF programme changed the risk premia of Japanese stocks based on the Capital Asset Pricing Model.

CFTC: Commissioner Pham And Commissioner Mersinger To Participate In A DC Bar Fireside Chat

Date 13/07/2022

WHAT:

Commissioner Caroline D. Pham and Commissioner Summer Mersinger will participate in a fireside chat at the DC Bar Derivatives and Futures Law Committee

WHEN:

Tuesday, July 19, 2022
12:00 p.m. (EDT)

WHERE:

Virtual Event.

More information here: DC Bar | Event

G.M. Leather S.p.A. Lists On Euronext Growth Milan

Date 13/07/2022

• 11th listing of 2022 on Euronext Growth Milan

• G.M. Leather S.p.A. brings the total number of companies listed on Euronext Growth Milan to 181

• Total placement volume of the offering equal to €4 million

FTSE Mondo Visione Exchanges Index Down 0.7% in June, Down 13.9 % In Q2 2022

Date 13/07/2022

Exchanges profited from higher than usual trading volumes in the first quarter caused partly by the Russia-Ukraine conflict and rapidly rising interest rate expectations. Volumes have, however, now fallen across all asset classes to a more historically normalised level. The declining volumes are weighing on exchange stocks, and the three months to the end of June saw the FTSE Mondo Visione Exchanges Index down by 13.9%. Dar es Salaam Stock Exchange was the best performing exchange in the quarter, with India's BSE the worst.

Pico Signs Agreement With Golden Gate Capital For $200 Million Investment To Accelerate Next Phase Of M&A Activity

Date 13/07/2022

Pico, a leading provider of mission critical technology services, software, data and analytics for the financial markets community, today announced it has signed an agreement for a $200 million strategic investment from Golden Gate Capital, a leading private equity investment firm. The capital will be used to pursue strategic M&A opportunities that further enhance Pico’s comprehensive global ecosystem of best-in-class technology and services, as well as other general corporate purposes.

ESMA Letter To ISSB On Exposure Drafts ‘IFRS S1 General Requirements For Disclosure Of Sustainability-Related Financial Information’ And ‘IFRS S2 Climate-Related Disclosures’

Date 13/07/2022

Dear Mr Faber,

The European Securities and Markets Authority (ESMA) thanks you for the opportunity to respond to the ISSB’s Exposure Drafts ED/2022/S1 IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and ED/2022/S2 IFRS S2 Climaterelated Disclosures (referred to collectively as the ‘EDs’). We are pleased to provide you with the following comments with the aim of contributing to the development of a high-quality set of international standards for corporate reporting on matters relating to Environmental, Social and Governance (ESG) aspects.