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An Investor Protection Call For A Commitment To Professional Skepticism And Audit Quality, Paul Munter, SEC Chief Accountant, Feb. 5, 2024

Date 05/02/2024

Introduction

It is well-established that high quality audits of financial statements play a key role in investor protection and in building and preserving investor confidence. The Public Company Accounting Oversight Board (“PCAOB”) reported a troubling increase in deficiency rates found in its recent inspections.[2] In its 2022 inspections of audits performed in 2021,[3] the PCAOB inspections program found that insufficient audit evidence was obtained to support the auditor’s opinion in 40% of inspected audits. In its 2021 inspections, this same deficiency rate was 34%, up from 29% in its 2020 inspections. This is a troubling trendline in PCAOB inspections results.

CFTC Swaps Report Update

Date 05/02/2024

CFTC's Weekly Swaps Report has been updated, and is now available: http://www.cftc.gov/MarketReports/SwapsReports/index.htm.

Cboe Global Markets Reports Trading Volume For January 2024

Date 05/02/2024

Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today reported January monthly trading volume statistics across its global business lines.

Federal Reserve: Senior Loan Officer Opinion Survey On Bank Lending Practices

Date 05/02/2024

Survey of up to eighty large domestic banks and twenty-four U.S. branches and agencies of foreign banks. The Federal Reserve generally conducts the survey quarterly, timing it so that results are available for the January/February, April/May, August, and October/November meetings of the Federal Open Market Committee. The Federal Reserve occasionally conducts one or two additional surveys during the year. Questions cover changes in the standards and terms of the banks' lending and the state of business and household demand for loans. The survey often includes questions on one or two other topics of current interest.

SIFMA Announces Kyle R. Innes To Join State Government Affairs Team

Date 05/02/2024

SIFMA today announced Kyle R. Innes will join the Association’s state government relations team as managing director and associate general counsel.

CFTC Commissioner Johnson To Deliver Keynote Address At Women In Housing & Finance Public Policy Luncheon

Date 05/02/2024

U.S.-UK Financial Regulatory Working Group January 2024 Joint Statement

Date 05/02/2024

The ninth official meeting of the U.S.-UK Financial Regulatory Working Group took place in London on 31 January 2024.

SIFMA Fixed Income Market Close Recommendation In The U.S., The U.K. And Japan For Presidents Day

Date 05/02/2024

SIFMA has confirmed its previous recommendation for a full market close on Monday, February 19 for the trading of U.S. dollar-denominated fixed income securities in the U.S., the U.K. and Japan in observance of the U.S. Presidents Day Holiday.

CFTC Statement Regarding The Passing Of Former Chief Of Staff Mike Gill - The CFTC Community Is Deeply Saddened By The Sudden Passing Of Former Chief Of Staff Michael “Mike” Gill

Date 05/02/2024

Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam issued the following statement on behalf of the Commission regarding the passing of former Chief Operating Officer and Chief of Staff Mike Gill:

“The CFTC community is deeply saddened to hear of the passing of friend and former colleague Mike Gill."

Fiserv Small Business Index™ For January 2024: Consumer Spending Steady To Start New Year

Date 05/02/2024

• Fiserv Small Business Index of 138 indicates consumers continue to spend consistently
• Small business sales grew +0.1% month-over-month; year-over-year sales grew +1.7%