News Centre

SIFMA Statement on Bill Prohibiting The SEC From Requiring Collection Of PII Under The CAT

Date 18/03/2021

SIFMA today released the following statement from president and CEO Kenneth E. Bentsen, Jr. on the “Protecting Investors’ Personally Identifiable Information Act”:

“SIFMA commends Congressman Barry Loudermilk (R-GA) for his leadership and House Financial Services Capital Markets Subcommittee Ranking Member Bill Huizenga (R-MI) as well as Congressmen Ted Budd (R-NC), Warren Davidson (R-OH) and French Hill (R-AR) for their support of the ‘Protecting Investors’ Personally Identifiable Information Act.’  This bill would prohibit the Securities and Exchange Commission (SEC) from requiring that personally identifiable information (PII) be collected under Consolidated Audit Trail (CAT) reporting requirements."

SEC Charges Owner Of Real Estate Investment Company With Defrauding Investors

Date 18/03/2021

The Securities and Exchange Commission today charged a New Jersey resident with defrauding investors, most of whom were members of the Orthodox Jewish community, who invested millions based on false claims about investments in real estate. 

EBA Updates Phase 2 Of Its 3.0 Reporting Framework

Date 18/03/2021

The European Banking Authority (EBA) published today the phase 2 of its reporting framework v3.0. The technical package supports the implementation of the reporting framework by providing standard specifications and includes the validation rules, the Data Point Model (DPM) and the XBRL taxonomies for v3.0.

The Updated Coefficients For Moscow Exchange Indices To Come Into Force

Date 18/03/2021

The following coefficients for Moscow Exchange indices come into force from March 19, 2021:

EBA Consults On Its Revised Guidelines On Recovery Plan Indicators

Date 18/03/2021

• The revised Guidelines provide a common EU standard for the recovery plan indicators to ensure they can promptly signal a stressed situation and enable the institution to consider timely and effective recovery actions.
• The key objective of the revised Guidelines is to strengthen the quality of the recovery indicators framework in order to ensure institutions’ effective crisis preparedness.
• The amendments of the revised Guidelines introduce few changes to the minimum list of recovery indicators and focus on practical aspects such as calibration of the thresholds of recovery plan indicators and their monitoring.

Experts: U.S. Supreme Court Ruling In Goldman Sachs Case Could Have “Devastating Consequences” For Investors, Market Confidence - With Oral Arguments Less Than 2 Weeks Away, Stark Implications Seen For Investors In Outcome Of Goldman Sachs Group Inc. V. Arkansas Teacher Retirement System

Date 18/03/2021

Will the U.S. Supreme Court allow investors defrauded by Goldman Sachs during the financial crisis to have their day in court?  Or, will the Court rule in favor of Goldman Sachs and, in so doing, create a roadmap that publicly traded companies can use to make false and misleading statements that will harm Main Street investors and dramatically undermine market confidence by making it impossible for any investor to rely on the public statements of companies?

UK Financial Conduct Authority: Update On Trial Dates In Criminal Cases

Date 18/03/2021

Northamptonshire insider dealing prosecution

At a plea and trial preparation hearing at Southwark Crown Court on 11 March 2021, a date was set for the trial of Stuart Bayes and Jonathan Swann.

Closing Remarks, Federal Reserve Chair Jerome H. Powell, At "Pushing The Frontiers Of Payments: Towards Faster, Cheaper, More Transparent And More Inclusive Cross Border Payments," A Conference Hosted By The Committee On Payments And Market Infrastructures, Basel, Switzerland (Via Prerecorded Video)

Date 18/03/2021

I would like to thank Sir Jon Cunliffe and the Committee on Payments and Market Infrastructures (CPMI) for inviting me to close out the first day of this conference on pushing the frontiers of payments.

ARRC Announces Refinitiv As Publisher Of Its Spread Adjustment Rates For Cash Products

Date 18/03/2021

The Alternative Reference Rates Committee (ARRC) announced today that it has selected Refinitiv, an LSEG (London Stock Exchange Group) business, to publish its recommended spread adjustments and spreadadjusted rates for cash products, following a robust request for proposals (RFP) process. Refinitiv will publish ARRC-recommended spread adjustments to Secured Overnight Financing Rate (SOFR)-based rates and spread-adjusted SOFR-based rates for cash products that transition away from U.S. dollar (USD) LIBOR. 

MOEX Indices To Use A New Ticker For JSC OR Shares

Date 18/03/2021

MOEX will change a ticker for PJSC OR shares in Broad Market Indices (MOEXBMI and RUBMI) and Consumer Sector Indices (MOEXCN and RTScr) starting from 26 March 2021. The new ticker, ORUP, replaces OBUV.