News Centre

Distributed Ledger Technology Implementations Require Refreshed Approach To Security, According To New DTCC Paper - Calls For Coordinated Strategy Around The Development Of A Principles-Based Framework To Identify And Address DLT-Specific Security Risks

Date 12/02/2020

With the adoption of distributed ledger technology (DLT) expected to grow in financial services, The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today published a white paper, Security of DLT Networks, that recommends establishing a comprehensive industry-wide DLT Security Framework to review existing security guidelines, gaps in the approach to DLT security, and the need for increased standards. The paper also suggests the possible formation of an Industry Consortium to spearhead this topic.

SIFMA CEO Testifies Regarding The Securities Industry Commitment To Enhancing Diversity And Inclusion

Date 12/02/2020

SIFMA President and CEO Kenneth E. Bentsen delivered testimony today before the U.S. House of Representatives Committee on Financial Services Subcommittee on Diversity and Inclusion about SIFMA members’ commitment to diversity and inclusion in the securities industry.

Remarks Of CFTC Commissioner Rostin Behnam At The ISDA/SIFMA AMG Benchmark Strategies Forum 2020, New York, New York

Date 12/02/2020

Introduction

Good morning.  I want to thank Scott O’Malia and his staff at the International Swaps and Derivatives Association (ISDA) and SIFMA AMG for holding this important event and giving me an opportunity to participate.  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.

Nadex Product Schedule For The President’s Day Holiday On Monday, February 17, 2020

Date 12/02/2020

Nadex will observe the following product specific trading hours for the week of February 17, 2020:

Cboe Celebrates Five-Year Anniversary Of Cboe One Feed

Date 12/02/2020

• Cost-effective, high-quality U.S. equities reference quotes and trade data for market participants
• Key milestones include growth in user adoption, broadened market data franchise, and expanded global presence to serve customers around the world

Market Data: Split, Or Be Told How To Govern - By Kelvin To, Founder And President Of Data Boiler Technologies

Date 12/02/2020

I applaud the SEC for its courage to propose NMS governance structure reform even as the large exchange groups hold tremendous voting power in the Equity Data Plans. I have no objection to the Commission’s proposal, because the root cause of today’s equity market data problems is the unclear delineation of rights between exchanges, which sell market data, and trading firms, which generate that data. And I agree that the transformation of the exchanges into publicly owned companies and the emergence of exchange groups controlling multiple venues exacerbate the conflicts-of-interest issue.

EACH Publishes The ‘EACH Framework On CSDR Settlement Discipline’

Date 12/02/2020

The European Association of CCP Clearing Houses (EACH) publishes today the EACH Framework on CSDR Settlement Discipline as developed by the EACH Securities Operations Working Group. With this Framework EACH intends to provide public and private stakeholders with details of EACH’s implementation of the CSDR settlement discipline provisions that affect CCPs. This should help all market participants to prepare for the date of entry into force of the CSDR Settlement Discipline Regime, which is currently set to 13th September 2020 although there is an ESMA proposals to extend it to 1st February 2021 currently under review by EU Authorities. This Framework should also contribute to the overall aim of CSDR to harmonise certain aspects of the settlement cycle and settlement discipline as well as to provide a set of common requirements for CSDs for both domestic and cross-border transactions.

A Bank Of England Perspective On Gender Diversity: Past, Present And Future - Speech By Lea Paterson, Bank Of England Executive Director For People & Culture Given At The Women In Finance Summit 2020, London

Date 12/02/2020

Lea Paterson looks at how the debate on women in the workplace has changed over the years. And she explains how we’re encouraging diversity in our own workforce.

EBA Consults On Guidelines On The Appropriate Subsets Of Exposures In The Application Of The Systemic Risk Buffer

Date 12/02/2020

The European Banking Authority (EBA) launched today a consultation on draft Guidelines on the appropriate subsets of sectoral exposures to which competent or designated authorities may apply a systemic risk buffer (SyRB) in accordance with the Capital Requirements Directive (CRD). These Guidelines aim at setting a common framework to harmonise the design of the appropriate subsets of sectoral exposures to which a systemic risk buffer may be applied, thus facilitating a common approach throughout the EU. The consultation runs until 12 May 2020.

EU-UK Future Relations: “Level Playing Field” Crucial To Ensure Fair Competition

Date 12/02/2020

• The integrity of the EU Single Market and Customs Union must be preserved
• There should be a “dynamic alignment” of EU-UK rules
• The EU must protect its most sensitive sectors