News Centre

Remarks Of CFTC Acting Chairman Rostin Behnam At The SOFR Symposium: The Final Year Sponsored By The Alternative Reference Rates Committee (ARRC)

Date 08/06/2021

Introduction

Good morning.  I want to thank Tom Wipf, the ARRC, and the New York Fed for holding this series of symposia and for inviting me to share my thoughts and moderate an important discussion on our progress in the transition from LIBOR to SOFR specific to the derivatives markets.  Before I begin, please allow me to remind you that the views I express today are my own and do not represent the views of the Commodity Futures Trading Commission (CFTC or the Commission) or my fellow Commissioners.

Written Testimony Of Charles P. Rettig, US Commissioner Internal Revenue Service Before The Senate Finance Committee On The IRS Budget

Date 08/06/2021

Introduction

Chairman Wyden, Ranking Member Crapo and Members of the Committee, thank you for the opportunity to discuss the IRS budget and provide you with an update on IRS operations.

Statement On Commencement Of Appointment Process For Five Public Company Accounting Oversight Board Seats, SEC Chair Gary Gensler June 8, 2021

Date 08/06/2021

The Public Company Accounting Oversight Board (PCAOB) is one of the centerpieces of the Sarbanes-Oxley Act of 2002.  The PCAOB is governed by a Board of five members, two of whom must be certified public accountants (CPAs), and three of whom must not be.  Under the Act, Board members must be “appointed from among prominent individuals of integrity and reputation who have a demonstrated commitment to the interests of investors and the public, and an understanding of the responsibilities for and nature of the financial disclosures required of issuers, brokers, and dealers under the securities laws and the obligations of accountants with respect to the preparation and issuance of audit reports with respect to such disclosures.”

ISDA Responds To EC Consultation On Taxonomy Disclosures

Date 08/06/2021

On June 1, ISDA and the Association for Financial Markets in Europe submitted a response to a European Commission (EC) consultation on the Delegated Act on Article 8 taxonomy disclosures. The associations recommend that assets held in the trading portfolio should be excluded from the green asset ratio’s (GAR’s) computation and associated disclosure obligation and that only banking book exposures should form its basis. Moreover, the associations note that although derivatives should be included in the relevant key performance indicators measuring alignment with sustainability purposes, this should happen gradually following a more in-depth assessment of their current uses by EU policy-makers and regulators. Finally, the associations point out that the inconsistent treatment of derivatives in the GAR is not optimal from a methodological consistency standpoint, as it could structurally disfavour banks. The paper calls on the EC to reassess its approach for derivatives holistically in the GAR until this matter has been appropriately examined in more detail.

Moscow Exchange: Risk Parameters On Securities Market

Date 08/06/2021

CP NCC will set the following risk parameters on Securities market starting from June 09, 2021:

Finansinspektionen: TRS 2 Closed For Maintenance

Date 08/06/2021

On Wednesday, 16 June, TRS 2 will be closed for maintenance.

FTSE Russell Launches First Index To Define And Track Frontier Emerging

Date 08/06/2021

• FTSE Russell leverages expertise in indexing global government bond markets to offer first solution for tracking ‘frontier emerging markets’
• New index provides performance metric for high yielding and expanding part of global debt markets
• Colchester Global Investors licenses the index as the basis for a new fixed income strategy available to institutional investors

MGEX Reports A Pair Of Top-25 Records

Date 08/06/2021

SEC Investor Advisory Committee To Meet Remotely On June 10

Date 08/06/2021

The Securities and Exchange Commission's Investor Advisory Committee will hold a public meeting on June 10 by remote means. The meeting will begin at 10 a.m. ET, is open to the public via live webcast, and will be archived on the committee's website for later viewing.

BIS: Central Bank Digital Currency: The Quest For Minimally Invasive Technology

Date 08/06/2021

Summary

Focus

Almost 50 central banks have already launched designs for central bank digital currencies (CBDCs) or prototypes. We ask what the rationale for issuing a CBDC is and how these objectives shape its economic design, as well as the architecture of the underlying technical systems.