News Centre

CFTC Chairman Tarbert To Keynote Virtual Event Hosted By the City Of London Corporation

Date 22/09/2020

ISDA: Asian Options – IQ September 2020

Date 22/09/2020

Both Brexit and benchmark reform emerged as headline issues relatively close together – June 2016 for the Brexit referendum and July 2017 when the UK Financial Conduct Authority revealed that LIBOR might not exist after the end of 2021. They are now also approaching their denouement in lockstep: both will require a big push by firms in the remaining months of 2020 in order to be ready for the changes they will bring in 2021 and beyond.

Deutsche Börse: Unscheduled Adjustment In DAX - Adjustments Due To Spin-Off Of Siemens Energy From Siemens - DAX Calculation On 28 September With 31 Companies

Date 22/09/2020

On Tuesday, Qontigo’s global index provider STOXX Ltd. announced an unscheduled change to the DAX index.

Following the spin-off of Siemens Energy AG (DE000ENER6Y0) from Siemens AG (DE0007236101), an adjustment of the DAX index is required. On 28 September, Siemens Energy AG will therefore be included in the DAX index for one day. This adjustment ensures the trackability of the index for investors. The DAX index will accordingly be calculated on a basis of 31 companies for one day.

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

Date 22/09/2020

As per the Securities market risk parameters methodology, on 22.09.2020, 22-46 (MSK) the upper bound of the price band (up to 8932) and initial margins (up to 17.5 %) for the security AAPL-RM were changed. New values are available here

Testimony Before The Subcommittee On Diversity And Inclusion, Committee On Financial Services, Pamela Gibbs Director, SEC Office Of Minority And Women Inclusion, Washington D.C., Sept. 8, 2020

Date 22/09/2020

Chair Beatty, Ranking Member Wagner, and Members of the Subcommittee:

Thank you for the opportunity to testify about the work of the Office of Minority and Women Inclusion (OMWI) at the U.S. Securities and Exchange Commission (SEC). Under OMWI’s leadership and guidance, the SEC pursues strategies and initiatives that are focused on enhancing diversity, inclusion, and opportunity in the agency’s senior management and professional occupations. The SEC also strives to foster an inclusive work environment where all employees are treated fairly, valued, and respected. Beyond our workforce, we are committed to promoting diversity and inclusion in the SEC’s supplier network and in the industry participants the agency oversees. At the SEC, diversity and inclusion is embraced as an essential strategy for effective mission performance as well as a matter of legal compliance.

During New York Climate Week, New York Superintendent of Financial Services Linda A. Lacewell Announces Actions Bolstering DFS’s Commitment To Addressing Climate-Related Financial Risks - DFS Expects New York Insurers To Begin Integrating Consideration Of Financial Risks From Climate Change Into Their Governance Frameworks, Risk Management Processes, And Business Strategies - DFS Becomes A Supporting Institution Of UN Principles For Sustainable Insurance - DFS And New York State Energy Research And Development Authority Sign MOU To Accelerate Low-Carbon Transition And Boost Climate Risk Cooperation And Solutions Among NYS Financial Institutions

Date 22/09/2020

As the effective date of the federal government’s withdrawal from the historic 2015 Paris climate agreement approaches and during New York Climate Week, Superintendent of Financial Services Linda A. Lacewell today announced several actions by the New York State Department of Financial Services (DFS) to bolster DFS’s commitment to addressing financial risks from climate change.  

SIFMA Calls On SEC To Modernize The Regulatory Communications Framework To Meet Investor Needs For The 21st Century

Date 22/09/2020

The Securities Industry and Financial Markets Association, the SIFMA Asset Management Group, the Financial Services Institute, the Investment Advisers Association, the Committee of Annuity Insurers, the Insured Retirement Institute, and the American Council of Life Insurers today issued a discussion paper urging the Securities and Exchange Commission (SEC) to update its rules and related guidance to allow the implementation of a digital approach establishing electronic delivery as the primary means for delivering investor communications.  The Associations make clear that any investor wishing to receive paper communications can continue to do so.

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

Date 22/09/2020

As per the Securities market risk parameters methodology, on 22.09.2020, 21-04 (MSK) the upper bound of the price band (up to 248130) and initial margins (up to 20 %) for the security AMZN-RM were changed. New values are available here

Diversity Matters, Disclosure Works, And The SEC Can Do More: Remarks At The Council Of Institutional Investors Fall 2020 Conference, SEC Commissioner Allison Herren Lee, Washington D.C., Sept. 22, 2020

Date 22/09/2020

Thank you, Amy [Borrus], for the introduction and for the invitation to speak at your conference. I’m pleased to be here with you all today, and want to take this opportunity to thank you and your members for your engagement in our rulemaking process. Your comment letters are unfailingly thorough, analytical, and insightful. They provide a critically important investor perspective on our policies. I’m very grateful for your efforts.

ECB To Accept Sustainability-Linked Bonds As Collateral

Date 22/09/2020

• Bonds with coupons linked to sustainability performance targets to become eligible as central bank collateral
• Potential eligibility also for asset purchases under the APP and the PEPP subject to compliance with programme-specific eligibility criteria
• Decision applicable from 1 January 2021