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FinTech Hive's Accelerator Programmes Lead The Way In Shaping The Future Of The Region’s Financial Services Sector
Date 21/11/2021
DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, announced the growing popularity of both the DIFC FinTech Accelerator programme and the AccelerateHer programme, which contribute significantly to leading the future of the financial sector and developing female talent with the finest international skills.
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US Secretary Of The Treasury Janet L. Yellen Sends Letter To Congressional Leadership On The Debt Limit
Date 19/11/2021
Today, U.S. Secretary of the Treasury Janet L. Yellen sent a letter to all members of Congressional leadership regarding the debt issuance suspension period (DISP).
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Federal Reserve Announces College Fed Challenge Winners
Date 19/11/2021
Pace University won the 18th annual national College Fed Challenge on Friday, a competition that encourages students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve System. The team, from New York, New York, represented the New York Federal Reserve District and included Fiona Waterman, Yuwei Liu, Kate Fong, Casey Cloutier, Christopher Beck, Gianni Campanaro (alternate), and Stephanie Ertel (alternate). The team's advisers were Gregory Colman and Mark Weinstock.
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Readout: US Deputy Secretary Of The Treasury Wally Adeyemo’s Visit To Qatar
Date 19/11/2021
Deputy Secretary of the Treasury Wally Adeyemo traveled to Doha, Qatar on November 18. He met with senior government and economic leaders including H.E. Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani, Prime Minister and Minister of Interior, H.E. Sheikh Mohammed bin Abdulrahman Al Thani, Deputy Prime Minister and Minister of Foreign Affairs, H.E. Ali bin Ahmad Al Kuwari, Minister of Finance, and H.E. Mansour Ibrahim Al-Mahmoud, CEO of the Qatar Investment Authority.
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CFTC Commitments Of Traders Reports Update
Date 19/11/2021
he current reports for the week of November 16, 2021 are now available.
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Nadex Refrains From Listing Certain Contracts
Date 19/11/2021
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:
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SEC Appoints Haoxiang Zhu Director Of Division Of Trading And Markets, David Saltiel Appointed As A Deputy Director Of The Division
Date 19/11/2021
The Securities and Exchange Commission today announced the appointment of Haoxiang Zhu, a professor of finance at the Massachusetts Institute of Technology, as Director of the agency’s Division of Trading and Markets, effective Dec. 10, 2021. David Saltiel, who has served as Acting Director of the Division for the past several months, has been appointed as one of the Division’s Deputy Directors and also will continue to lead the Office of Analytics and Research.
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Nadex Temporarily Amends Binary Contracts Strike Width
Date 19/11/2021
Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased or decreased volatility, as the case may be, in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of November 15, 2021 as indicated in the Weekly Notice.
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Moscow Exchange: Risk Parameters Change For The Security MU-RM
Date 19/11/2021
As per the Securities market risk parameters methodology, on 19.11.2021, 19-28 (MSK) the upper bound of the price band (up to 6429) and initial margins (up to 25 %) for the security MU-RM were changed. New values are available here
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Worms And Dinosaurs: Statement On The Proposed Amendments To Modernize How Broker-Dealers Preserve Electronic Records, SEC Commissioner Hester M. Peirce Nov. 19, 2021
Date 19/11/2021
Technology changes faster than regulations do. An example of this phenomenon is the electronic recordkeeping rule for broker-dealers the Commission proposed to update this week. We proposed to amend the broker-dealer recordkeeping rules to eliminate the write-once/read-many (“WORM”) requirement that has proven outdated and unnecessarily burdensome for firms to implement and maintain. This rule, at twenty-five, is a dinosaur. WORM is intended to ensure that records are not altered or erased so that regulators have an accurate picture of firm’s activities. New technologies—if permitted—could give regulators even better insight into what firms do.
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