News Centre

Ontario Securities Commission Awards $1.5 Million To Whistleblower

Date 27/02/2024

The Ontario Securities Commission (OSC) issued an award of CAD $1,500,000 to a whistleblower who provided information which allowed the OSC to act swiftly to protect investors from harm.

Announcing The Details For The 5th Annual ETFGI Global ETFs Insights Summit - Latin America In Mexico City On May 28th

Date 27/02/2024

ETFGI (www.ETFGI.com) is excited to announce the details of our 5th Annual ETFGI Global ETFs Insights Summit - Latin America which will take place in Mexico City on May 28th. Register now to join us!

Prepared Remarks Before The Small Business Capital Formation Advisory Committee, SEC Chair Gary Gensler, Washington D.C., Feb. 27, 2024

Date 27/02/2024

Good morning. I’m pleased to speak with the Small Business Capital Formation Advisory Committee. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking on behalf of my fellow Commissioners or the staff.

Bond Trading, Innovation And Evolution: A Bank Of England Perspective − Speech By Dave Ramsden, Bank Of England Deputy Governor, Markets And Banking, Given At Glaziers Hall, AFME Bond Trading, Innovation And Evolution Forum

Date 27/02/2024

Dave Ramsden discusses the Bank of England’s evolving role in bond markets, focusing on the Bank’s approach to normalising its balance sheet and how it is actively working with the market on the future of settlement infrastructure, including through enhancing the RTGS service.

FSB Review Finds Uneven Implementation Of Money Market Fund Reforms

Date 27/02/2024

• Peer review finds uneven progress in implementing the 2021 FSB policy proposals for money market funds (MMFs) and calls on member jurisdictions to review policy frameworks and adopt tools to address MMF vulnerabilities.
• FSB also calls on IOSCO to consider the findings of the peer review when it revisits its 2012 Policy Recommendations for MMFs.

Evolving Our Enforcement Approach To Protect And Grow Our Markets - Speech By Therese Chambers, UK Financial Conduct Authority, Joint Executive Director Of Enforcement And Market Oversight, Delivered At The Market Abuse And Market Manipulation Summit

Date 27/02/2024

Key messages:

• Our enforcement strategy will evolve to make sure we have the maximum impact in deterring misconduct and crime.
• Enforcement is just one of our tools – industry cooperation, assertive supervision and intervention powers are also key in dealing with harm.
• We must speed up investigations to thwart criminals and send a signal to markets and consumers.
• We need industry and regulators pulling together to stop opportunistic market abuse and its corrosive effects.

The Importance Of Counterparty Credit Risk Management, Federal Reserve Vice Chair For Supervision Michael S. Barr, At Basel Committee On Banking Supervision-Federal Reserve Counterparty Credit Risk Conference, New York, New York

Date 27/02/2024

Thank you for the opportunity to be part of this important discussion on counterparty credit risk.1 It's particularly appropriate for the Federal Reserve Bank of New York to host these discussions. Twenty-five years ago, New York Fed officials convened the creditors of Long-Term Capital Management (LTMC) to facilitate the firm's stabilization. LTCM was a heavily leveraged hedge fund that had borrowed more than $125 billion from its counterparties and had derivatives estimated at over $1 trillion in notional value. Stabilizing LTCM narrowly averted significant financial stress, an event I remember vividly from my vantage point as a Treasury official at the time. That event prompted deep reflection on both the risks presented by nonbanks such as hedge funds and the state of counterparty credit risk management practices by banks that finance their activities.

Foreign Currency Reserves 2024 - Bank Of England Market Notice 27 February 2024

Date 27/02/2024

As part of the monetary policy framework introduced by the Chancellor of the Exchequer in 1997, the Bank of England holds its own foreign exchange reserves in support of its monetary policy objective. These reserves are separate from the Government’s own foreign exchange reserves, which the Bank manages as the Treasury’s agent.

FIS Acquires Torstone Technology

Date 27/02/2024

FIS has made a strategic move by acquiring Torstone Technology, a specialized SaaS post-trade platform, solidifying its position as a leading fintech player.

Remarks By US Secretary Of The Treasury Janet L. Yellen At Press Conference Ahead Of The G20 Finance Ministers And Central Bank Governors Meetings In São Paulo, Brazil

Date 27/02/2024

Thank you to everyone for being here today and to Minister Haddad for hosting these meetings. They’re an opportunity to advance collective action to further bolster the global economy and to continue addressing the challenges we face. Before I take your questions, I’ll speak to the priorities that I’ll be focused on over the next few days here in Brazil.