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US Office Of The Comptroller Of The Currency Issues Second And Third Quarter 2024 CRA Evaluation Schedule

Date 29/02/2024

The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the second and third quarters of 2024.

SIFMA Welcomes The Introduction Of Bipartisan E-delivery Legislation In The Senate

Date 29/02/2024

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the introduction in the Senate of the bipartisan bill, The Improving Disclosure for Investors Act of 2024 that would direct the SEC to promulgate rules to expand access to electronic delivery of certain required financial disclosures, while ensuring investors still have the option to receive paper delivery:

“The time is overdue to make electronic delivery the default means for delivering investor communications, while giving investors the power to choose paper delivery if preferred. Survey results show that a large majority of retail investors, regardless of income or age, want e-delivery for its environmental benefits, speed, and convenience. SIFMA commends Senators John Hickenlooper (D-CO) and Thom Tillis (R-NC) for introducing The Improving Disclosure for Investors Act of 2024, the Senate companion to legislation introduced in the House last year. This important bipartisan legislation is the natural next step in modernizing the SEC’s framework in light of changing investor preferences and technology.”

BIS: Basel Committee Agrees To Revisions To Basel Core Principles, Consults On Addressing Window-Dressing In The G-SIB Framework And Reaffirms Expectation About Basel III Implementation

Date 29/02/2024

• Basel Committee approves revisions to Core principles for effective banking supervision.
• Decides to consult on potential measures to address window-dressing behaviour by some banks in the context of the framework for global systemically important banks.
• Reaffirms expectation that all aspects of Basel III will be implemented in full, consistently and as soon as possible.

SEC Investor Advisory Committee To Discuss Proposals To Improve Equity Market Structure And Examine The Use Of Materiality As A Disclosure Standard

Date 29/02/2024

The Securities and Exchange Commission’s Investor Advisory Committee will hold a public meeting on March 7 at 10 a.m. ET at the SEC Headquarters in Washington, D.C. The meeting will also be webcast on the SEC website.

ISDA derivatiViews - Time Is Money: Improving The Close-Out Process

Date 29/02/2024

What do the bankruptcy of Lehman Brothers, the COVID-19 lockdown and Russia’s invasion of Ukraine have in common? All three episodes highlight the fact that the process of closing out derivatives trades is antiquated, costly and prone to mishaps and delays. We think there’s a 21st century solution, which is why we’re working on an industry notices hub to digitize the delivery and receipt of these critical termination notices.

Trading Technologies Closes On ATEO Acquisition

Date 29/02/2024

Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced that it has closed on the acquisition of ATEO SAS, a leading provider of post-trade solutions for listed derivatives, expanding TT's reach into clearing and other middle-office technologies and services. Terms of the transaction were not disclosed.

MNI Indicators - Chicago Business Barometer™: February 2024 Chicago Report™ Softened to 44.0

Date 29/02/2024

• The Chicago Business BarometerTM, produced with MNI softened -2.0 points to 44.0 in February. This is the third consecutive monthly decline, pushing the index deeper into contractionary territory, and marking the lowest print since July 2023. We also note that this print is -1.4 points below the 2023 average. 

Tel Aviv Stock Exchange Launches a New FI Index with Yelin Lapidot

Date 29/02/2024

TASE Launches a New FI Index with Yelin Lapidot Investment House - Tel Bond-CPI Linked Banks Expanded - For the First Time Incorporating CPI-Linked Bank Bonds and COCO Bonds.

Vadodara Municipal Corporation Initiates India And Asia's First Certified Green Muni Bond For Sustainable Water Infrastructure - Innovative Green Finance For Liquid Wastewater Management In Vadodara, Gujarat, India

Date 29/02/2024

Vadodara Municipal Corporation (VMC) sets a regional precedent with the launch of its Rs. 100 crores (USD 12 million eqv.) Certified Green Muni Bond, a first for India and Asia region as a whole. Aimed at fostering sustainable urban development aligned with the Paris Agreement, the bond is dedicated to enhancing liquid wastewater management infrastructure across Vadodara.

Duco Launches Transaction Reporting Eligibility Validator

Date 29/02/2024

Duco, a leading SaaS provider of AI-powered data automation, today announced the launch of its transaction reporting (TR) eligibility validator. The TR eligibility validator will initially be available for EMIR, with more regimes to be added later on. It provides an independent validation of internal eligibility rules, with a field-by-field comparison of individual financial services firms' rules versus existing ESMA eligibility requirements. The tool highlights under/overreporting using Duco's robust reconciliation and exception management capabilities and Quorsus' extensive regulatory industry knowledge.