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Superintendent Lacewell Announces Proposed New York State Department Of Financial Services Guidance To New York Insurers On Managing The Financial Risks From Climate Change - Proposed Guidance Outlines Expectations That New York Insurers Integrate The Consideration Of Climate Risks Into Their Governance Frameworks, Risk Management Processes And Business Strategies, And Develop Their Approach To Climate-Related Financial Disclosure - DFS Seeks Input On The Proposed Guidance During 90-Day Comment Period

Date 25/03/2021

Superintendent of Financial Services Linda A. Lacewell today announced that the New York State Department of Financial Services (DFS) has issued proposed detailed guidance for New York-regulated domestic insurers setting out DFS’s expectations related to managing the financial risks from climate change.  

US Secretary Of The Treasury Janet L. Yellen's Statement On The Confirmation Of Wally Adeyemo As Deputy Secretary Of The Treasury

Date 25/03/2021

My warmest congratulations to Wally Adeyemo, our new Deputy Secretary of the Treasury. The Senate confirmed him today in a broad bipartisan vote.

US Department Of Justice: Former Oil Trader Pleads Guilty To Commodities Price Manipulation Conspiracy

Date 25/03/2021

A California man pleaded guilty Wednesday to a multiyear conspiracy to engage in commodities price manipulation.

Alberta Securities Commission Seeks Comment On Proposed New Small Business Finder’s Exemption

Date 25/03/2021

The Alberta Securities Commission (ASC) is seeking input on a proposed new registration exemption for finders to help start-ups and other small businesses in Alberta with capital raising.

SIFMA Statement On Passage Of New York State LIBOR Legislation

Date 25/03/2021

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the passage of LIBOR legislation by the New York State Legislature:

“We are pleased the New York State Legislature passed the model law for New York to help transition ‘tough legacy’ contracts that are difficult or practically impossible to amend.  SIFMA, as a member of the Alternative Rates Reference Committee (ARRC), helped develop and championed this legislation to facilitate a smooth transition from LIBOR to an alternative reference rate, which is a top priority for the financial services industry.  SIFMA supports market, legislative and regulatory efforts to ensure a smooth transition while avoiding market disruption and legal uncertainty, and to that end we encourage Congress to pass a federal law similar to the one passed in New York to address these issues on a national level.”

Alberta And Saskatchewan Securities Regulators Seek Comment On Proposed New Small Business Financing Initiative

Date 25/03/2021

The Alberta Securities Commission (ASC) and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) are seeking input on a proposal designed to provide greater access to capital by start-ups and other small businesses in Alberta and Saskatchewan and broaden investment opportunities for investors in those provinces.

Moscow Exchange: Risk Parameters Change For The Security BIDU-RM - Update

Date 25/03/2021

As per the Securities market risk parameters methodology, on 25.03.2021, 22-27 (MSK) the lower bound of the price band (up to 14826) and initial margins (up to 29.75 %) for the security BIDU-RM were changed. New values are available here

Fiserv To Streamline Delivery Of Innovative Payment Solutions To Merchants With Acquisition Of Pineapple Payments

Date 25/03/2021

Fiserv, Inc. (NASDAQ: FISV) (“Fiserv”), a leading global provider of payments and financial services technology solutions, today announced that it has signed a definitive agreement to acquire Pineapple Payments and will continue to provide payment processing services to Pineapple Payments merchants, while enhancing its seamless delivery of an array of customer-focused, innovative solutions.

Moscow Exchange: Risk Parameters Change For The Security BIDU-RM

Date 25/03/2021

As per the Securities market risk parameters methodology, on 25.03.2021, 21-00 (MSK) the lower bound of the price band (up to 15629) and initial margins (up to 25.5 %) for the security BIDU-RM were changed. New values are available here

Federal Reserve: Senior Credit Officer Opinion Survey On Dealer Financing Terms

Date 25/03/2021

Release Dates 

The Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter (OTC) derivatives markets. The SCOOS is modeled after the long-established Senior Loan Officer Opinion Survey on Bank Lending Practices, which provides qualitative information about changes in supply and demand for loans to households and businesses at commercial banks. The SCOOS collects qualitative information on credit terms and conditions in securities financing and OTC derivatives markets, which are important conduits for leverage in the financial system. The survey panel for the SCOOS began by including 20 dealers and over time has been expanded. These firms account for almost all of the dealer activity in dollar-denominated securities financing and OTC derivatives markets. The survey is directed to senior credit officers responsible for maintaining a consolidated perspective on the management of credit risks. The HTML links below include the full report; the PDF links include the summary only.