News Centre

Remarks Before The 2020 AICPA Conference On Current SEC And PCAOB Developments, Jillian Pearce, Professional Accounting Fellow, Office Of The Chief Accountant

Date 07/12/2020

Good afternoon. It is an honor to speak with you today. I would like to share a few OCA staff observations related to two topics: (i) the expected discontinuation of LIBOR and (ii) the principal versus agent guidance within the revenue standard.

Remarks Before The 2020 AICPA Conference On Current SEC And PCAOB Developments, Geoff Griffin, Professional Accounting Fellow, Office Of The Chief Accountant

Date 07/12/2020

Good afternoon. I am excited to be able to speak with you today. I would like to share some observations regarding principal versus agent determinations under the revenue standard and accounting for right of use assets under the leases standard.

Brexit: A Joint Statement From UK Prime Minister Boris Johnson And European Commission President von der Leyen

Date 07/12/2020

As agreed on Saturday, we took stock today of the ongoing negotiations. We agreed that the conditions for finalizing an agreement are not there due to the remaining significant differences on three critical issues: level playing field, governance and fisheries.

Bank Of England: Statement On Fake Announcement

Date 07/12/2020

We are aware that a group purporting to be the Bank of England has published fake announcements today through social media and email.

SEC Issues Multiple Whistleblower Awards Totaling Nearly $3 Million

Date 07/12/2020

The Securities and Exchange Commission today announced whistleblower awards to five individuals for information provided in three different enforcement actions for combined payments of nearly $3 million.

ESMA Issues Latest Double Volume Cap Data

Date 07/12/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has updated today its public register with the latest set of double volume cap (DVC) data under the Markets in Financial Instruments Directive (MiFID II).

Statement On OCA’s Focus On High-Quality Financial Reporting During An Unusual Year And A Discussion Of Our Upcoming Priorities, Sagar Teotia, SEC Chief Accountant, Washington D.C., Dec. 7, 2020

Date 07/12/2020

The Securities and Exchange Commission ("SEC" or "Commission”) disclaims responsibility for any private publication or statement of any SEC employee or Commissioner. This Statement expresses the author's views and does not necessarily reflect those of the Commission, the Commissioners, or other members of the staff.

GPW Benchmark Announces Public Consultation For Changes In Methods Of Determination Of GPW Indices

Date 07/12/2020

• GPW Benchmark has launched public consultation on the GPW Indices’ method of determination.
• The proposed changes relate to the rules for developing the WIG20, mWIG40, sWIG80 and WIG30 Stock Exchange Indices.

Federal Reserve Board Announces Annual Indexing Of Reserve Requirement Exemption Amount And Of Low Reserve Tranche For 2021

Date 07/12/2020

The Federal Reserve Board on Monday announced the annual indexing of the reserve requirement exemption amount and the low reserve tranche. The annual indexation and publication of these amounts are required by statute but will not affect depository institutions' reserve requirements, which will remain zero.

Stanford University Economics Professor Susan Athey To Receive CME Group-MSRI Prize In Innovative Quantitative Applications - Panel Of Leading Economists To Discuss Intersection Of Markets And COVID-19

Date 07/12/2020

CME Group, the world's leading and most diverse derivatives marketplace, and the Mathematical Sciences Research Institute (MSRI), announced its 14th Innovative Quantitative Applications Prize recipient. Susan Athey, Economics of Technology Professor at Stanford Graduate School of Business, is the 2019 CME Group-MSRI Prize winner for her work in the economics of digitization and marketplace design. A virtual event honoring Athey will be hosted by CME Group on Dec. 11, 2020 at 10:00 a.m. CT.