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US Bank Capital Proposals Would Increase Capital Requirements For Client Clearing By 80% - FIA Estimates That Top Six US Clearing Banks Would Need More Than $7.2 Billion In Additional Capital For Derivatives Clearing Services

Date 16/01/2024

FIA strongly opposes provisions of two separate proposed rules put forward by US bank regulators that would dramatically increase capital requirements for derivatives clearing services that banks offer to their clients. Looking at just the six largest US banks that offer clearing, FIA estimates that these provisions would increase their capital requirements for client clearing by more than 80%.

EBA Consults On Targeted Amendments To The Prudent Valuation Framework

Date 16/01/2024

The European Banking Authority (EBA) today published a consultation paper on targeted amendments to the Regulatory Technical Standards (RTS) on prudent valuation, aiming to promote a more harmonised application of the RTS and to reduce the observed variability of additional value adjustments (AVAs) under the core approach, as well as to set the rules for the application of the prudent valuation framework in extraordinary circumstances. The consultation runs until 16 April 2024.

Almost As Good As It Gets…But Will It Last?, Federal Reserve Governor Christopher J. Waller, At The Brookings Institution, Washington, D.C.

Date 16/01/2024

Thank you, David Wessel, and thank you to Brookings for the opportunity to speak to you today.

ISDA Submits Responses To US Basel III And G-SIB Surcharge Consultations

Date 16/01/2024

ISDA has submitted a response with the Securities Industry and Financial Markets Association (SIFMA) on the US Basel III ‘endgame’ notice of proposed rulemaking (NPR), warning that the resulting increases in capital for bank trading activities do not reflect underlying risks and could impact the liquidity and vibrancy of US capital markets, increasing costs and reducing choice for US businesses.

EBA Issues Guidance To Crypto-Asset Service Providers To Effectively Manage Their Exposure To ML/TF Risks

Date 16/01/2024

The European Banking Authority (EBA) today extended its Guidelines on money laundering (ML) and terrorist financing (TF) risk factors to crypto-asset service providers (CASPs). The new Guidelines highlight ML/TF risk factors and mitigating measures that CASPs need to consider, representing an important step forward in the EU’s fight against financial crime.

Andino Global Lists On Euronext Access+ Paris

Date 16/01/2024

• 1st listing on Euronext in 2024

• 1st international listing on Euronext in 2024

• €66 million of market capitalisation

• Andino Global joins a pool of 50+ Spanish companies listed on Euronext markets

EEX Group Annual Volumes 2023: Markets Continue To Grow

Date 16/01/2024

In 2023, trading volumes across the various markets of EEX Group have seen the return of confidence, with significant expansion on the power derivatives markets.

The EBA Publishes An Analysis Of Specific Aspects Of The Net Stable Funding Ratio Framework

Date 16/01/2024

The European Banking Authority (EBA) today published its Report about some specific aspects of the net stable funding ratio (NSFR) framework. The Report provides an evaluation of the materiality of the specific items analysed as well as an assessment of the impact of possible changes to the current prudential treatment.

Carrington Mortgage Services Returns To ICE’s Encompass Lending Platform - Deciding Factor Was ICE’s Focused Origination Technology Investments

Date 16/01/2024

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, announced that Carrington Mortgage Services, LLC, one of the nation’s largest privately held non-bank lenders, is returning to ICE’s Encompass® mortgage lending platform. Carrington will use Encompass across its retail, wholesale and correspondent lending channels to electronically capture, process, underwrite and close mortgage loans and equity products through a single technology solution.

J.P. Morgan To Pay $18 Million For Violating Whistleblower Protection Rule - Firm’s Confidential Agreements Impeded Clients From Communicating With The SEC

Date 16/01/2024

The Securities and Exchange Commission today announced settled charges against J.P. Morgan Securities LLC (JPMS) for impeding hundreds of advisory clients and brokerage customers from reporting potential securities law violations to the SEC. JPMS agreed to pay an $18 million civil penalty to settle the charges.