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Resolving The Lack Of Audit Transparency In China And Hong Kong: Remarks At The International Council Of Securities Associations (ICSA) Annual General Meeting, YJ Fischer, SEC Director, Office Of International Affairs, Washington D.C., May 24, 2022

Date 24/05/2022

Thank you, Ken, for that kind introduction. I am glad to be here with you today. As I approach my first anniversary as the Director of the SEC’s Office of International Affairs, it is my pleasure to have this opportunity to share ideas with you on how best to carry out the goal of serving investors. Cooperation between regulators and the industry is critical to the SEC’s mission. I am impressed by the event that SIFMA has organized. The program over the last two days covers some of the most important global issues affecting the international securities industry, including cross-border regulation, crypto, sustainable finance, and, of course, China.

CFTC Orders Glencore To Pay $1.186 Billion For Manipulation And Corruption

Date 24/05/2022

The Commodity Futures Trading Commission today issued an order filing and settling charges against Glencore International A.G. of Switzerland, Glencore Ltd. of New York, and Chemoil Corporation of New York (collectively, Glencore), an energy and commodities trading firm, for manipulative and deceptive conduct. The conduct, which spanned from least 2007 to 2018, involved manipulation and foreign corruption in the U.S. and global oil markets, including manipulation or attempted manipulation of four U.S. based S&P Global Platts physical oil benchmarks and related futures and swaps. Glencore is required to pay a total of $1.186 billion, which consists of the highest civil monetary penalty ($865,630,784) and highest disgorgement amount ($320,715,066) in any CFTC case. 

SEC Charges TradeZero America And Co-Founder With Deceiving Customers About Meme Stock Trading Halts

Date 24/05/2022

The Securities and Exchange Commission today charged broker-dealer TradeZero America Inc., and its co-founder, Daniel Pipitone, with falsely stating to the firm’s customers that they didn’t restrict the customers’ purchases of meme stocks when in fact they did.

Finansinspektionen: Capital Requirements Of Swedish Banks As Of Q1 2022

Date 24/05/2022

Finansinspektionen publishes the capital requirements of the largest Swedish banks and credit institutions that belong to supervisory categories 1 and 2 as of the end of Q1 2022.

FSB Europe Group Discusses Regional Vulnerabilities, Crypto-Assets And Climate Change

Date 24/05/2022

The Financial Stability Board (FSB) Regional Consultative Group for Europe today in Stockholm held their first in-person gathering since the onset of the COVID-19 pandemic.

Welcoming Remarks – Federal Reserve Chair Jerome H. Powell, At The Reservation Economic Summit 2022 Hosted By The National Center For American Indian Enterprise Development, Las Vegas, Nevada (Via Prerecorded Video)

Date 24/05/2022

Good morning, and welcome. It is a great pleasure to welcome all the attendees to RES 2022.

Richard R. Best Named Director Of Division of Examinations

Date 24/05/2022

The Securities and Exchange Commission today announced the appointment of Richard R. Best as Director of the Division of Examinations, effective immediately. He has served as the Division's acting director since March 23, 2022.

Climate Capital − Speech By Sam Woods, Bank Of England Deputy Governor For Prudential Regulation And Chief Executive Officer Of The Prudential Regulation Authority - Given At A Webcast Hosted By The Global Association Of Risk Professionals

Date 24/05/2022

The Bank of England recently tested the UK’s largest banks and insurers on how prepared they are for financial risks caused by climate change. Sam Woods talks about the results.

The Tel-Aviv Stock Exchange Ltd Reported First Quarter 2022 Results

Date 24/05/2022

Tel Aviv Stock Exchange Ltd (TASE:TASE) today announced its financial results for the first quarter ended March 31, 2022. 

Bank Of England Publishes Results Of The 2021 Biennial Exploratory Scenario: Financial Risks From Climate Change

Date 24/05/2022

Key features of the CBES

We asked banks and insurers participating in the Climate Biennial Exploratory Scenario (CBES) to use three scenarios to look at how climate-related risks could affect them. Two scenarios featured policies to limit global temperature rises (Early Action scenario and Late Action scenario), the third featured unchecked global warming (No Additional Action scenario). Each scenario examines the risks that could develop over a period of 30 years. The participating firms then modelled how their businesses could be affected in each scenario.