News Centre

Treasury International Capital Data For May

Date 18/07/2023

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for May 2023.  The next release, which will report on data for June 2023, is scheduled for August 15, 2023.

CFTC Announces Agenda For The July 19 Voluntary Carbon Markets Convening

Date 18/07/2023

The Commodity Futures Trading Commission Chairman Rostin Behnam today released the agenda for the second voluntary carbon markets convening that will be held on July 19 at 11:30 a.m. (EDT) at the CFTC's headquarters in Washington, D.C. The convening is open to the public to attend in person, by webcast at CFTC.gov, and by telephone.

US Office Of The Comptroller Of The Currency: Senior Deputy Comptroller For Large Bank Supervision Testifies On Climate-Related Financial Risks

Date 18/07/2023

Office of the Comptroller of the Currency (OCC) Senior Deputy Comptroller for Large Bank Supervision Greg Coleman today testified before the U.S. House of Representatives’ Committee on Financial Services’ Subcommittee on Financial Institutions and Monetary Policy on the agency’s supervision of climate-related financial risks.

ISDA-FIA Response To Proposed SEC Rules On Clearing Agency Intraday Margin And Recovery/Wind-Down Plans

Date 18/07/2023

On Monday, July 17, ISDA and the Futures Industry Association (FIA) submitted comments on the Security Exchange Commission’s (SEC) proposed rulemaking regarding Clearing Agency Resilience and Recovery and Wind-Down Plans. The associations generally support the proposed changes aimed at enhancing the regulatory framework for recovery and wind-down plans and intraday margin processes of clearing agencies. They suggest that more prescriptive guidance is necessary for intraday margin and recovery and wind-down plans to provide clear expectations for clearing members and their clients. They emphasize the importance of predictability of margin calls and advocate for increased transparency of Initial Margin models. Additionally, they stress the need for credible recovery plans to ensure financial stability, and they call for clear rules on non-default losses and compensation for clearing participants. The response also addresses the need for a second tranche of Clearing Agency own-funds capital and emphasizes the importance of including procedures for participants to move positions during orderly wind-down in the proposed rules.

Opening Statement Of CFTC Commissioner Christy Goldsmith Romero At The Technology Advisory Committee On Responsible AI In Financial Services, DAOs And Other DeFi & Cyber Resilience

Date 18/07/2023

I welcome you to the CFTC.  With artificial intelligence (AI) at the forefront of public discussion, significant movements in digital asset markets to decentralized finance (DeFi) after the collapse of unregistered centralized exchanges and several enforcement actions, as well as escalated and persistent cyber threats, I look forward to presentations and discussion from recognized technology experts who serve on the TAC.  I want to thank TAC Chair Carole House and Vice Chair Ari Redbord for their leadership of TAC, including putting together today’s agenda.  I also want to thank CFTC staff Tony Biagioli who is the designated federal officer (DFO) of TAC, our two new assistant DFOs Drew Rodgers and Lauren Bennett, and Scott Lee in my office, and others in the CFTC who keep TAC running and helped organized today’s event.

ISDA derivatiViews: Surveying Local Derivatives Markets

Date 18/07/2023

By enabling firms to manage their risks and create greater certainty and stability in their business, derivatives can boost economic growth and contribute to capital markets liquidity in emerging market and developing economies (EMDEs). However, a range of legal, regulatory and risk management issues must be addressed to promote the development of safe and efficient local derivatives markets. To better understand those issues, ISDA undertook a survey of EMDE jurisdictions that provides valuable information to support the development of derivatives markets in those countries.

Opening Statement Of CFTC Commissioner Caroline D. Pham Before The Technology Advisory Committee

Date 18/07/2023

I thank Commissioner Christy Goldsmith Romero and am pleased to support her sponsorship of the CFTC’s Technology Advisory Committee (TAC).  I would like to also thank the TAC’s Designated Federal Officer (DFO), Anthony Biagioli, and Alternate Designated Federal Officer (ADFO), Lauren Bennett, and other CFTC staff for their work preparing today’s meeting.  I welcome each of the TAC members as you explore timely issues regarding responsible artificial intelligence (AI), decentralized finance (DeFi), and cyber resilience.  Thank you, Commissioner Goldsmith Romero, for your leadership.

The EBA Is Collecting Institution’s Data On Environmental, Social And Governance Risks To Set Up A Monitoring System

Date 18/07/2023

• The EBA will collect on an ad-hoc basis ESG data from large, listed institutions based on their pillar 3 quantitative disclosures on ESG risks.
• This collection will provide competent authorities with data to monitor ESG risks and support the EBA in fulfilling its ESG mandates, including to set up a risk monitoring framework and to contribute to the European Commission’s Strategy for financing the transition to a sustainable economy.  
• The collection is temporary and will be discontinued once a supervisory reporting framework on ESG risks will be in place.

BIS - How Much Do Firms Need To Satisfy Employees? - Evidence From Credit Spreads And Online Employee Reviews

Date 18/07/2023

The relationship between employees and firms has been a major social and economic issue for more than a century, and it continues to attract increasing interest from the media, policymakers and researchers. Particularly owing to the rapid development of information technology, information transparency in the working environment has increased substantially. Using online employee reviews, we examine the effect of employee treatment on firms' credit spreads.

Furthering The Vision Of The Fair Housing Act, Federal Reserve Vice Chair For Supervision Michael S. Barr, At "Fair Housing At 55—Advancing A Blueprint For Equity" National Fair Housing Alliance 2023 National Conference, Washington, D.C.

Date 18/07/2023

Thank you for the invitation to join you in commemorating 55 years since the Fair Housing Act became law. Along with the Voting Rights Act, the Fair Housing Act was an essential step in making good on the promise of the Civil Rights Act, and of the vision of Dr. Martin Luther King, to build a fair and equal society. Let me also acknowledge the work of the National Fair Housing Alliance (NFHA), its members, and their partner organizations in pursuit of this goal.