News Centre

New Zealand Financial Markets Authority Underlines Importance Of Effective Liquidity Risk Management For Fund Managers

Date 23/04/2024

The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has published its guide for Managed Investment Scheme (MIS) managers and their supervisors for effective liquidity risk management (LRM), following consultation.  

CFTC To Hold A Commission Open Meeting April 29

Date 22/04/2024

Commodity Futures Trading Commission Chairman Rostin Behnam today announced the Commission will hold an open meeting on Monday, April 29 at 9:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters. Members of the public can attend the meeting in person, listen by phone, or view a live stream at CFTC.gov.

Nadex Amends Strike Widths For Natural Gas Binary Contracts

Date 22/04/2024

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased or decreased volatility, as the case may be, in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of its Natural Gas Binary Contracts during the week of April 15, 2024 as indicated in the Weekly Notice.

ACER Analyses The Gas Transmission Tariff Methodology For Interconnector Limited, Connecting UK And Belgium

Date 22/04/2024

CFTC Extends Public Comment Period For Proposed Rule For Designated Contract Markets And Swap Execution Facilities Regarding Governance And Conflicts Of Interest

Date 22/04/2024

The Commodity Futures Trading Commission today announced it is extending the deadline for the public comment period on a proposed rule that makes certain modifications to rules for SEFs and DCMs in Part 37 and 38 that would establish governance requirements regarding market regulation functions, as well as related conflicts of interest standards. The deadline is being extended to May 6, 2024.  

Euronext Securities Rolls-Out A Harmonised Corporate Actions Service To Tackle Post-Trade Fragmentation In Europe

Date 22/04/2024

• The new harmonised corporate actions service has been available since 8 April for the Portuguese fixed income market. It will be extended to all markets by the end of 2025.
• The service tackles post-trade fragmentation in Europe as customers will be able to process corporate actions more efficiently through a single, harmonised platform across markets.

ICE First Look At Mortgage Performance: Serious Delinquencies At Lowest Since Mid-2006 As Foreclosures Drop, Prepayments Rise

Date 22/04/2024

• The national delinquency rate ticked down 14 basis points (bps) to 3.20% in March, holding 27 bps higher than the record low in March 2023
• Historically, delinquencies fall an average -10.4% in March; conversely, months that end on Sundays – e.g., March 2024 – experience an average, if mostly temporary, upward pull of +6.9%
• Only the third such convergence in the last two decades, this March’s 4.2% drop in the delinquency rate is in line with the previous cases in which March ended on a Sunday
• Serious delinquencies (loans 90+ days past due but not in active foreclosure) dropped 24K (-5.2%) from February to hit their lowest level since June 2006
• March saw less inflow of past-due payments as well as fewer rolls to later stages of delinquency, with total cures up 9% as early-, mid- and late-stage delinquencies all saw improvement
• Even accounting for the 5.3% month-over-month rise in foreclosure starts, the month’s 26K starts was still below the average for the past 12 months
• The number of loans in active foreclosure fell to 205K in March – the fewest since January 2022 and still 28% below (-77K) pre-pandemic levels – with 5.8K foreclosures completed in the month
• Prepayment activity rose to its highest level in seven months driven by the lower rate environment of January and early February combined the start of the spring homebuying season

Verafin Enhances Financial Crime Management Solutions Suite With Launch Of Entity Research Copilot — First Of Its Integrated Copilot Capabilities

Date 22/04/2024

• Proven Solutions with Integrated GenAI Copilot Features Significantly Improve Investigator Efficiency with up to 90% Reduction in Alert Review Time Compared to Legacy Approaches

DTCC Comments On Industry’s Affirmation Progress, With T+1 Implementation One Month Away

Date 22/04/2024

Today, April 22, 2024, DTCC issued the following statement:

The implementation of a T+1 settlement cycle in the U.S. is a little over one month away, and market participants continue to prepare for the May 28, 2024, deadline. As firms consider their implementation approach, many are focusing on the importance of achieving same-day affirmation.

ICE Environmental Contracts Traded The Equivalent Of $1 Trillion In Notional Value For The Third Consecutive Year

Date 22/04/2024

• EUA Markets Reach Record Participation Through 2023 and Q1 2024 with Record Trading Activity in North American Environmental Markets in 2023