News Centre

Greenwashing: A View From The Regulator - Keynote Speech By ASIC Chair Joe Longo At The RIAA Conference Australia, 2 May 2024

Date 02/05/2024

KEY POINTS

• While the shift to sustainable finance may constitute a once-in-a-generation transformation, the fundamental underlying principles of accuracy and transparency are not new.
• Combating greenwashing is critical to supporting trust in sustainable finance-related financial products and services.
• ASIC’s greenwashing interventions are founded on enforcing well-established legal obligations that prohibit misleading and deceptive conduct, and our focus is on entities that we consider carelessly give inaccurate or misleading statements.

“AI Day” Agenda Announced For May 2 CFTC Technology Advisory Committee Meeting

Date 01/05/2024

Commissioner Christy Goldsmith Romero, sponsor of the Commodity Futures Trading Commission’s Technology Advisory Committee (TAC), announced the agenda for “AI Day.” AI Day will be held at the CFTC’s Washington, D.C. headquarters on May 2, 2024, during a meeting of the TAC from 1:00 p.m. to 4:30 p.m. (EDT).  The public is invited to come in person or watch the meeting via live webcast at CFTC.gov.  This continues the TAC’s ongoing work to advise the Commission on the complex issues surrounding AI in financial services that are at the intersection of technology, law, and policy.

Federal Reserve Issues FOMC Statement

Date 01/05/2024

Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee's 2 percent inflation objective.

US Office Of The Comptroller Of The Currency: Acting Senior Deputy Comptroller And Chief Counsel Testifies On Bank Mergers

Date 01/05/2024

Acting Senior Deputy Comptroller and Chief Counsel Ted Dowd today testified on the Office of the Comptroller of the Currency’s (OCC) review and consideration of bank merger applications before the Subcommittee on Financial Institutions and Monetary Policy, Committee on Financial Services of the U.S. House of Representatives.

London Stock Exchange Group: Variation Of Lock-Up Arrangements And Off-Market Purchase Of Shares

Date 01/05/2024

London Stock Exchange Group plc ("LSEG" or the "Company") announces today that it has agreed with York Holdings III Limited ("York Holdings III") (an entity owned by BCP York Holdings (Delaware) L.P. (an entity owned by a consortium of certain investment funds affiliated with Blackstone Inc. and including an affiliate of Canada Pension Plan Investment Board, an affiliate of GIC Special Investments Pte. Ltd. and certain other co-investors) ("BCP York"), Thomson Reuters and certain other minority holders) (BCP York, together with York Holdings II Limited ("York Holdings II") and York Holdings III, the "Consortium" and York Holdings II and York Holdings III together, the "York Entities") to make an off-market purchase of 5,701,722 ordinary shares of 679/86 pence each in the Company from York Holdings III for a total consideration of approximately £500 million (the "Off-Market Purchase") pursuant to the terms of the amended contract entered into between the Company and the Consortium (the "Directed Buyback Contract") that was approved by the shareholders of the Company at its annual general meeting held on 25 April 2024.

CME Group Reaches New Milestones In Aluminum Futures As New Clients Double

Date 01/05/2024

CME Group, the world's leading derivatives marketplace, today announced that the number of market participants trading Aluminum futures has doubled since last year, reaching 406 unique accounts in April, while ADV was up 70% year-over-year, and average daily open interest increased 11%. 

CFTC Chairman Behnam Designates Ted Kaouk As The CFTC’s First Chief Artificial Intelligence Office

Date 01/05/2024

Commodity Futures Trading Commission Chairman Rostin Behnam today announced the designation of Dr. Ted Kaouk as the agency’s first Chief Artificial Intelligence Officer. Dr. Kaouk currently serves as the CFTC’s Chief Data Officer and Director of the Division of Data. In this newly expanded role as the CFTC’s Chief Data & Artificial Intelligence Officer, Dr. Kaouk will be responsible for leading the development of the CFTC’s enterprise data and artificial intelligence strategy to further integrate CFTC’s ongoing efforts to advance its data-driven capabilities. 

CFTC Commissioner Pham To Speak At City Week 2024

Date 01/05/2024

CFTC Commissioner Pham To Deliver Keynote At Rutgers Law School Fintech And Blockchain Symposium

Date 01/05/2024

SIFMA’s Quantum Dawn VII Exercises Industry Preparedness For A Critical Third-Party Outage

Date 01/05/2024

SIFMA today released the after-action report from its biennial Quantum Dawn VII cybersecurity exercise conducted in November 2023.  The exercise engaged over 1,000 participants from more than 170 public and private sector institutions around the globe, including financial firms, central banks, regulators, and law enforcement entities.  The exercise simulated a scenario with a data destruction event at a critical third-party widely used by the global financial sector to trade in the Treasury and repo markets and hosted in the cloud.  As the scenario progressed, it was discovered that the cause of the outage was due to an issue with a third-party.