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Office Of The Comptroller Of The Currency Bulletin: Current Expected Credit Losses: Additional And Updated Interagency Frequently Asked Questions On The New Accounting Standard On Financial Instruments - Credit Losses

Date 03/04/2019

Summary

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National Credit Union Administration are publishing additional frequently asked questions to assist financial institutions and examiners with the new accounting standard, Accounting Standards Update 2016-13, Topic 326, "Financial Instruments - Credit Losses," issued by the Financial Accounting Standards Board on June 16, 2016. 

CFTC Commitments Of Traders Reports Update

Date 03/04/2019

Due to a reporting firm problem for trade date March 26, 2019, additional reportable positions have been added to the following contracts in the reports published on March 29, 2019:

SEC Charges Transportation Company Executives With Accounting Fraud

Date 03/04/2019

The Securities and Exchange Commission today charged the former CFO and two former employees of a publicly traded transportation company with fraud for manipulating the company’s financial results in order to meet earnings targets and projections.

CFTC Commissioner Behnam To Provide A Keynote And Interview At The ISDA 34th Annual General Meeting

Date 03/04/2019

SIFMA Fixed Income Market Close Recommendations In The U.S., The U.K. And Japan For Good Friday & U.K. Easter Monday

Date 03/04/2019

SIFMA has confirmed its previous holiday recommendations for the U.S., the U.K., and Japan in observance of the Good Friday holiday.

CFTC Swaps Report Update

Date 03/04/2019

CFTC's Weekly Swaps Report has been updated, and is now available.

Nodal Exchange Achieves Record Quarter In Power Futures

Date 03/04/2019

Nodal Exchange achieved a new quarterly trading record in power futures with a total volume of 405 million MWh in Q1 2019 (notional value of $13 billion per side).  This resulted in a 64% growth rate in Q1 2019 over Q1 2018 while the total industry market grew just 3%.

Towards More Effective Stewardship, Speech By Edwin Schooling Latter, Director Of Markets And Wholesale Policy At The FCA, Delivered At The LSE In London

Date 03/04/2019

Highlights

• Effective stewardship is important. Long-term thinking and shareholder engagement helps markets function well.
• Whilst progress has been made towards more effective stewardship, the overall evidence on whether and how stewardship is happening is mixed.
• We will consider how to build upon the baseline for stewardship established by implementation of the Revised Shareholder Rights Directive, in the context of the FRC’s revision of its Stewardship Code.

FTSE Russell Appoints New Canada Country Head

Date 03/04/2019

• Paul Bowes appointed Country Head, FTSE Russell Canada
• Will lead business development, partnering with clients and key stakeholders
• Brings a wealth of experience across fixed income and equity capital markets, indices and derivatives

TASE Releases 2018 Financial Results

Date 03/04/2019

• Significant Improvement In Current Activity With Increase Of 5% In Revenues, Amounted To NIS 256 Million
• Expenses down 1% in 2018 relative to 2017
• 2018 EBITDA amounted to NIS 61 million, increase of 34%, relative to 2017
• Net profit, excluding the reversal of the impairment provision for the TASE building amounted to NIS 21 million, growth of 59% over 2017;
• Total 2018 net profit amounted to NIS 86 million
• TASE to complete IPO in the coming months following release of Q1 2019 financial statements; announces dividend policy for the first time, whereby 30%-50% of current profit will be distributed starting in 2020