News Centre

Remarks By Assistant Secretary Graham Steele At The Federal Insurance Office And NYU Stern Volatility And Risk Institute Conference On Catastrophic Cyber Risk And A Potential Federal Insurance Response

Date 17/11/2023

Good afternoon. My name is Graham Steele, and I am the Assistant Secretary for Financial Institutions at the Treasury Department.  It’s my pleasure to help conclude this Treasury FIO-NYU conference on catastrophic risk and a potential federal insurance response. 

Jon Kroeper, EVP-Quality Of Markets, To Depart FINRA

Date 17/11/2023

Jon Kroeper, Executive Vice President, Quality of Markets, is leaving FINRA, effective at year end, to pursue other opportunities.

The EBA’s Monitoring Of IFRS 9 Implementation By EU Institutions Confirms Need To Timely Address Practices Misaligned With Expectations

Date 17/11/2023

• Expected credit loss (ECL) models now lead to timelier recognition of loss provisions. However, most findings confirm previously raised issues and some divergence with the EBA’s expectations on IFRS 9 implementation.
• Overlays are becoming an integral part of the ECL framework and therefore, more efforts are needed to reduce the high degree of judgment for their calibration. Their usage under robust methodological and sound governance frameworks needs to be better framed.
• Backtesting is a key area that requires further investments by institutions to enlarge scope and robustness of the analysis and to improve the use of the backtesting results for the periodic review of IFRS 9 models.

Nadex Product Schedule For The Week Of November 20, 2023, For The 2023 Thanksgiving And Japan Holidays

Date 17/11/2023

Nadex will observe the following modified holiday schedule for the week of November 20, 2023:

Nigerian Exchange Market Report For November 17th, 2023

Date 17/11/2023

A total turnover of 2.025 billion shares worth N27.693 billion in 32,763 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.525 billion shares valued at N45.297 billion that exchanged hands last week in 32,815 deals.

BIS - Central Bank Digital Currency And Privacy: A Randomized Survey Experiment

Date 17/11/2023

This study considers designs of central bank digital currency (CBDC) concerning privacy protection and data governance. We conduct a randomised survey experiment and find that privacy protection is among the key features to consider in the design of CBDC.

Bitinvest8.com: BaFin Investigates Website Operator

Date 17/11/2023

The Federal Financial Supervisory Authority (BaFin) warns consumers about the website bitinvest8.com. According to information available to BaFin, the operator is providing financial and investment services on this website without the required authorisation.

Remarks At The Harvard Law School Program On International Financial Systems, 2023 Japan – U.S. Symposium, SEC Commissioner Mark T. Uyeda Nagano Prefecture, Japan, Nov. 17, 2023

Date 17/11/2023

Thank you for the introduction, John [Gulliver].  It is a privilege to share the keynote address at the 26th annual Japan – U.S. Symposium with Vice Minister Shigeru Ariizumi from the Financial Services Agency.

Private Equity: Past & Present, Charters & Code, William Birdthistle, Director, SEC Division Of Investment Management, New York, NY, Nov. 16, 2023

Date 17/11/2023

Thank you for that kind introduction, [Professor de Fontenay]; and thank you for your gracious invitation, Professors de Fontenay, Morley, and Clayton. I’m honored to be with you at this inaugural roundtable, the first of many I sincerely hope.

BIS - On Par: A Money View Of Stablecoins

Date 17/11/2023

The rapid growth in stablecoin issuance, and the recent testing of stablecoins' par settlement promises, has provoked a flurry of papers proposing various forms of regulation and alternatives, from various vantage points. Our vantage point is the money view, which focuses attention on the mechanism of settlement, and the role of forward markets in absorbing price pressure in times of adverse settlement flows.