News Centre

Japan Financial Services Agency: Results Of The Cybersecurity Self-Assessment For Financial Institutions (FY2023)

Date 24/12/2024

With cyberattacks increasing, it has become more important to develop cybersecurity management posture and ensure its effectiveness. Given this background, the Financial Services Agency (FSA) and the Bank of Japan (BOJ) developed a tool for conducting a self-assessment of cybersecurity management posture, with which individual financial institutions are to identify their own positions in comparison with other financial institutions and also identify areas of their own challenges. The FSA and the BOJ have been requesting financial institutions to conduct cybersecurity self-assessment (CSSA) using the tool and then providing them with overall results since FY2022. In FY 2022, this initiative was implemented for regional financial institutions. In FY 2023, it was expanded to include insurance companies and securities companies.

Montréal Exchange Interest Rate Derivative Trading Ceases At 13:30 Today, December 24, 2024 - Exchange's Markets Closed December 25 And 26, 2024

Date 24/12/2024

Interest rate derivative trading will cease at 1:30 p.m. today, December 24, 2024. Furthermore, the Exchange's markets will be closed on December 25 and 26, 2024.

Shanghai Stock Exchange Hosts Full-Process Training On Infrastructure REITs

Date 24/12/2024

To implement the policy requirements for promoting the regular issuance of infrastructure Real Estate Investment Trusts (REITs), enhance the quality and efficiency of capital market services for the real economy, and further boost the high-quality development of the REITs market, Shanghai Stock Exchange (SSE) held a two-day training on publicly offered infrastructure REITs business in Nanjing from December 19 to 20.

Due To Evolving Legal Landscape & Changes In The Framework Of Administrative Law, Federal Reserve Board Will Soon Seek Public Comment On Significant Changes To Improve Transparency Of Bank Stress Tests & Reduce Volatility Of Resulting Capital Requirements

Date 23/12/2024

In view of the evolving legal landscape, the Federal Reserve Board will soon seek public comment on significant changes to improve the transparency of its bank stress tests and to reduce the volatility of resulting capital buffer requirements.

CFTC Swaps Report Update

Date 23/12/2024

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

US Office Of The Comptroller Of The Currency Issues Cease And Desist Order Against Bank Of America For Bank Secrecy Act Deficiencies

Date 23/12/2024

The Office of the Comptroller of the Currency (OCC) today issued a cease-and-desist order (order) against Bank of America, N.A. (bank) for deficiencies related to its Bank Secrecy Act (BSA) and sanctions compliance programs.

I Trust US Crypto More Than European Equity Consolidated Tape - By Kelvin To, Founder And President Of Data Boiler Technologies

Date 23/12/2024

I cannot comprehend how the Europe Economics (EE) can omit Giovanni Cespa and Thierry Foucault’s empirical study in their Pre-trade equities consolidated tape (CT) final report that was commissioned by the UK Financial Conduct Authority (FCA). Stock exchanges optimally restricting access to price information exacerbated the latency gap between Proprietary Products (PPs) and SIP that caused data fragmentation. That final report does not even mention that the US Securities and Exchange Commission (SEC) has mandated the “same manner same methods” provision under the Market Data Infrastructure Rule that recognizes the US Securities Information Processors (SIPs) were not modernized alongside market evolution and technology developments. Instead, the final report undermines the issue and incorrectly paints the picture that its statement sounded like the Exchanges “The SIP has significantly improved its performance over the last 15 years…”

MIAX Exchange Group - Options Markets - January 1, 2025 Fee Change To Provide Historical Open-Close Report Data Discount

Date 23/12/2024

In addition to the fee changes in the December 17, 2024 Alert, effective January 1, 2025, pending filing with the SEC, MIAX Options Exchange, MIAX Pearl Options Exchange, and MIAX Emerald Options Exchange will offer the following discount to current monthly subscribers to the Open-Close Report:

Trading Technologies Achieves High Spot In Chartis Buyside Platforms 2024 Rankings - Firm Also Earns “Strong Category Leader” Status For Energy And Equity Trade Surveillance Solutions In New Chartis Market Quadrants Report

Date 23/12/2024

Trading Technologies International, Inc. (TT), a global capital markets technology platform services provider, has earned the number 12 spot in the Chartis Buyside Platforms 2024 ranking of the top 50 providers of buy-side platforms and technology. The report released this month showcases the leading players in financial infrastructure and highlights providers delivering essential services and tools – including trading networks, market data, prime brokerage services and more – to buy-side market participants. The ranking, which Chartis called a testament of the “commitment to delivering exceptional value and innovation” to that community, provides insights into how the companies are shaping the industry with advanced solutions in asset management, risk assessment and operational efficiency.

ICE First Look At Mortgage Performance: Delinquencies Hit Highest Level In Nearly Three Years - Prepayments Drop On Higher Rates

Date 23/12/2024

• The national delinquency rate jumped 29 basis points (bps) in November to 3.74%, its highest level in almost three years, marking six consecutive months of year-over-year increases
• While much of November’s spike was driven by seasonality, post-hurricane distress, and a late-in-the-month Thanksgiving, delinquencies more broadly continue to rise from recent year lows
• Early-, mid- and late-stage defaults all rose in November, with seriously delinquent loans – 90 or more days past due but not in active foreclosure – now at the highest level since February 2023
• Both foreclosure starts and completions dropped in November and remain well below pre-pandemic levels, leaving 31K fewer loans in active foreclosure than at the same time last year
• Prepayment activity fell -25.0% month over month on October’s higher interest rates, and remains nearly 30% off last year’s levels