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Remarks On The Economy And Prioritization Of Bank Supervision And Regulation, Federal Reserve Governor Michelle W. Bowman At New York Bankers Association's Financial Services Forum, Palm Beach, Florida

Date 09/11/2023

It is a pleasure to join you this morning for the New York Bankers Association's Financial Services Forum.1 I look forward to hearing your perspectives on the economy, the financial system, and, more recently, the Federal Reserve's regulatory reforms which help to shape my perspective on these issues. This month marks five years since I joined the Board of Governors of the Federal Reserve System. Over the years, I have drawn heavily upon my experience as a former state bank commissioner and a banker in carrying out my responsibilities, especially as they relate to bank supervision, payments, and consumer and community affairs. This perspective informs my views about evolving bank regulations and the real-world impact that changes can have on financial institutions, their local communities, and the broader U.S. economy.

BIS: Challenges In Supervising Banks' Large Exposures

Date 09/11/2023

Recent failures are a reminder that banks need to limit and control their large exposures, because failure to do so makes them vulnerable to significant losses. This principle underpins the large exposures (LEX) standard issued by the Basel Committee on Banking Supervision, which complements the risk-based capital standards.

ESMA To Put Cyber Risk As A New Union Strategic Supervisory Priority

Date 09/11/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is changing its Union Strategic Supervisory Priorities (USSPs) to focus on cyber risk and digital resilience alongside ESG disclosures.

Panama Drought Forces Ships Onto Another Route - Amrit Singh, Lead Analyst At LSEG Shipping Research, Comments

Date 09/11/2023

“Houston-bound LPG tankers are diverting from the Panama Canal due to increased waiting times in an unfortunate turn of events for the drought-stricken waterway."

CQG Enters Into Agreement On Acquisition By Group Of Its Senior Executives

Date 09/11/2023

CQG, a leading global provider of high-performance technology solutions for market makers, traders, brokers, commercial hedgers and exchanges, today announced that the privately held company has entered into an agreement for a group of its senior executives to acquire the company. Until now, the firm has been owned by Tim Mather, who founded the company in 1980. Details of the transaction, expected to be completed this month, were not disclosed.

CFTC Commissioner Goldsmith Romero To Participate On AI Panel At The American Fintech Council Policy Summit

Date 09/11/2023

LME Announces New Rules To Enhance Stocks Data Transparency

Date 09/11/2023

• Enhancing scope of off-warrant stock reporting to include all eligible metal stored in LME-registered sheds
• New simplified off-warrant stock reporting requirements, designed to provide greater visibility of LME-warrantable material, will replace the current rules from 29 February 2024
• Existing low-stock measures to be adopted on a permanent basis with effect from 11 December 2023

CME Group Declares Quarterly Dividend

Date 09/11/2023

CME Group Inc., the world's leading derivatives marketplace, today declared a fourth-quarter dividend of $1.10 per share. The dividend is payable December 28, 2023, to shareholders of record as of December 8, 2023.

HKEX Research Report: Hong Kong’s Role As A Fundraising Hub For International Companies

Date 09/11/2023

It is rather common for companies around the world to seek a listing outside their domestic markets. International financial centres (IFCs) are considered the most attractive for offshore listings, regardless of their sizes, sectors and origins. While Mainland China, with its fast-growing economy, is a key source of offshore listings, demand for offshore listings from companies in other parts of the world is also significant.

Seven UK Financial Literacy Charities Receive Boost From CISI Future Foundation With Grants Totalling More Than £465,000

Date 09/11/2023

The CISI Future Foundation ("the Foundation") is delighted to announce that it has made grants totalling more than £465,000 to seven deserving organisations across the United Kingdom.