News Centre

Preventing Fraud And Manipulation In The Swaps Market And Bolstering Gatekeepers, SEC Commissioner Jaime Lizárraga, June 7, 2023

Date 07/06/2023

In January 2011, the Financial Crisis Inquiry Commission, created by Congress to examine the causes of the 2008 financial crisis, issued its final, comprehensive report. That report delved into the outsized role that the unregulated swaps market played in causing the crisis and in destabilizing our financial system. A combination of virtually non-existent regulation and the glaring absence of any market discipline in the swaps market contributed significantly to market failures that necessitated massive taxpayer bailouts.

Statement On Removing References Of Credit Ratings From Regulation M, SEC Chair Gary Gensler, June 7, 2023

Date 07/06/2023

Today, the Commission is considering adopting a set of final rules to remove references to credit ratings from Rules 101 and 102 of Regulation M (Reg M). I am pleased to support these rules because they will fulfill an important mandate issued by Congress in the wake of the 2008 financial crisis.

Statement On Rule 9j-1 And Rule 15fh-4(c), SEC Chair Gary Gensler, June 7, 2023

Date 07/06/2023

Today, the Commission is considering adopting two final rules related to the security-based swaps markets. I am pleased to support these rules because they will enhance the integrity of the security-based swaps markets.

SEC Adopts Amendments To Remove References To Credit Ratings From Regulation M

Date 07/06/2023

The Securities and Exchange Commission today adopted rule changes to remove and replace references to credit ratings from existing exceptions provided in Rule 101 and Rule 102 of Regulation M, a set of rules that prohibits activities that could artificially influence the market for an offered security.

SEC Adopts Rules To Prevent Fraud In Connection With Security-Based Swaps Transactions And Prevent Undue Influence Over CCOs

Date 07/06/2023

The Securities and Exchange Commission today adopted rules to prevent fraud, manipulation, and deception in connection with security-based swap transactions and to prevent undue influence over the chief compliance officer (CCO) of security-based swap dealers and major security-based swap participants (SBS Entities). 

BIS: The Crypto Multiplier

Date 07/06/2023

Focus

The exchange rates of cryptocurrencies are highly volatile. Announcements by large investors, celebrity endorsements or financial crises can result in substantial crypto price movements. This paper explains why.

Developing A Workable Game Plan To Keep Markets Functioning Well During Times Of Stress - Opening Statement Of CFTC Commissioner Christy Goldsmith Romero At Commission Meeting

Date 07/06/2023

Welcome to those who are attending in person and virtually, and Happy Pride Month.  As the first LGBTQIA+ Commissioner, I am very proud to sit on this dais and bring much needed representation to the financial regulatory community.  Today, I proudly wear my pride pin at this open meeting.

Opening Statement Of CFTC Commissioner Kristin N. Johnson Regarding Open Commission Meeting On June 7

Date 07/06/2023

Good morning. Thank you. Chairman and welcome to everyone joining us in person and virtually.  Today we will consider a final rule on Governance Requirements for Derivatives Clearing Organizations (DCO), two proposed rules on Derivatives Clearing Organizations Recovery and Orderly Wind-down Plans and Amendments to Part 17 Large Trader Reporting Requirements and a proposed order/request for comments on European Union Non-Bank Swap Dealer Capital Comparability Determination.  I will share my remarks on the respective proposals in greater detail following staff presentations.

Botswana Stock Exchange & CISI Collaboration Heralds Boost For Botswana Capital Markets

Date 07/06/2023

The Chartered Institute for Securities & Investment (CISI) has announced a new partnership with the Botswana Stock Exchange (BSE).

Improving Access To Childcare Could Boost Nigeria’s Private Sector Productivity– IFC/NGX Report

Date 07/06/2023

Improving family-friendly workplace policies in Nigeria, including access to quality childcare for parents, could boost private sector productivity and benefit employees, children, and businesses in the country, according to a report published today by IFC and the Nigerian Exchange (“NGX” or “The Exchange”) Limited.