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Japan Financial Services Agency: Finalization Of The Revised Draft Of “Guidelines For Creating, Recordkeeping And Reporting Of Transaction Information Specified In Article 4(1) Of The Cabinet Office Order On The Regulation Of Over-The-Counter Derivatives Transactions, Etc.”

Date 21/11/2023

The Financial Services Agency (FSA) called for public comments on the draft version of the revised “Guidelines for Creating, Recordkeeping and Reporting of Transaction Information specified in Article 4(1) of the Cabinet Office Order on the Regulation of Over-the-Counter Derivatives Transactions, etc.” from September 1 through October 2.
 

ASIC Annual Forum 2023: Impact Of AI On Financial Services

Date 21/11/2023

KEY POINTS

• This article follows a session exploring the impact of artificial intelligence (AI) on financial systems at the 2023 ASIC Annual Forum in Melbourne.
• Through machine-learning models, robo-advice, and scam prevention, AI can be used to leverage good outcomes for consumers – but each new opportunity carries risk.
• ASIC is closely monitoring the development and application of AI to better understand the threats and opportunities for regulated entities and markets.

TAIFEX Announces New U.S. PHLX Semiconductor Sector Futures In Collaboration With CME Group And Nasdaq

Date 21/11/2023

Taiwan Futures Exchange (TAIFEX), in partnership with CME Group and Nasdaq, is launching the TAIFEX PHLX Semiconductor Sector Futures (SXF) on December 18, 2023. The SXF complements existing TAIFEX Nasdaq-100 Futures, TAIFEX Dow Jones Industrial Average Futures and S&P 500 Futures, making TAIFEX the only exchange outside the United States to list futures contracts on four major U.S. equity indexes.

ASIC Annual Forum 2023: Enforcement Session Opening Remarks - Enforcement Session Opening Speech By ASIC Deputy Chair Sarah Court At The ASIC Annual Forum, 21 November 2023

Date 21/11/2023

KEY POINTS

• ASIC is one of the most active enforcement agencies in the country. Its enforcement approach is proactive, strategic and bold.
• ASIC successfully delivered against its 2023 enforcement priorities and has set new priorities for 2024.
• These priorities communicate our intent to industry and our stakeholders, and give a clear indication of where we will direct our resources and expertise. The public announcement of areas for enforcement can also have a compliance effect in and of itself.

ASIC Announces 2024 Enforcement Priorities

Date 21/11/2023

ASIC today announced its enforcement priorities for 2024, indicating its enforcement focus for the coming year and communicating its intent to industry and stakeholders. 

FinClear Selects Eventus Validus Platform For Equities Post-Trade Surveillance - Firms Partner To Tailor Platform To Meet Unique Needs Of Australian Market Structure

Date 21/11/2023

Eventus, a leading global provider of state-of-the-art, at-scale trade surveillance software across all lines of defense, and FinClear, Australia’s leading provider of trade execution and third-party clearing services, today announced that FinClear has deployed Eventus’ Validus platform for trade surveillance and post-trade monitoring. 

SEC Charges Kraken For Operating As An Unregistered Securities Exchange, Broker, Dealer, And Clearing Agency

Date 20/11/2023

The Securities and Exchange Commission today charged Payward Inc. and Payward Ventures Inc., together known as Kraken, with operating Kraken’s crypto trading platform as an unregistered securities exchange, broker, dealer, and clearing agency.

CME Group Adjusted Interest Rate Total Return Futures Reach Record Open Interest, Volume

Date 20/11/2023

CME Group, the world's leading derivatives marketplace, today announced that S&P 500 Adjusted Interest Rate (AIR) Total Return futures reached an open interest (OI) record of 414,000 contracts on November 15, surpassing the prior record of 408,000 contracts on November 14.

EACH Responds To The FSB Consultation On Resources And Tools For CCP Resolution

Date 20/11/2023

The European Association of CCP Clearing Houses (EACH) welcomes the opportunity to provide feedback to the FSB consultation on resources and tools for CCP resolution. In summary:

BIS: Too Hot To Insure – Avoiding The Insurability Tipping Point

Date 20/11/2023

Sound insurance pricing and underwriting practices are essential to manage financial risks arising from climate change. At the same time, insurers' pricing and underwriting policies can influence climate risk adaptation and risk mitigation measures.