News Centre

US Federal Agencies Extend Resolution Plan Submission Deadline For Some Large Financial Institutions

Date 17/01/2024

The Federal Reserve Board and the Federal Deposit Insurance Corporation on Wednesday announced that they are extending the resolution plan submission deadline for certain large financial institutions. These companies will be required to submit their resolution plans by March 31, 2025, instead of July 1, 2024.

Rebate Tiering And Competitive Pricing Of Different Market Centers: By Kelvin To, Founder And President Of Data Boiler Technologies

Date 17/01/2024

The SEC proposal on Volume-Based Exchange Transaction Pricing for NMS Stocks is a well-intended policy that comes too far behind market developments. We at Data Boiler do support curbing price discrimination practices, although we despise regulatory price control in general. Here, however, our analysis shows the Have-Nots will be hurt more than the Haves. LACK OF STANDARDS across different market centers’ rebate and incentive systems is at the CORE of all issues.

Opening Remarks, Federal Reserve Vice Chair For Supervision Michael S. Barr, At The Conference On Measuring Cyber Risk In The Financial Services Sector, Boston, Massachusetts

Date 17/01/2024

Thank you for the opportunity to welcome you to day two of the second annual Conference on Measuring Cyber Risk in the Financial Services Sector.1 I'd like to thank the staff who organized this gathering from the Massachusetts Institute of Technology, the Federal Reserve Bank of Richmond, and the Federal Reserve Board.

The Path Forward For Bank Capital Reform, Federal Reserve Governor Michelle W. Bowman, At Protect Main Street Sponsored By The Center For Capital Markets At The U.S. Chamber Of Commerce, Washington, D.C. (Virtual)

Date 17/01/2024

"More is better." This axiom often holds true in many respects, but experience also teaches us that there are limits. Today, I'm happy to join you here at the U.S. Chamber of Commerce to talk about proposed changes to bank capital rules in the United States and to probe the limits of the notion that "more is better" when regulators seek to apply it to bank capital requirements.

ESAs Publish First Set Of Rules Under DORA For ICT And Third-Party Risk Management And Incident Classification

Date 17/01/2024

The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) published today the first set of final draft technical standards under the DORA aimed at enhancing the digital operational resilience of the EU financial sector by strengthening financial entities’ Information and Communication Technology (ICT) and third-party risk management and incident reporting frameworks.

R.J. O'Brien Appoints Patrick Christie To Lead Hrvyst Ag Tech Business Unit

Date 17/01/2024

Chicago-based R.J. O'Brien & Associates (RJO), the oldest independent futures brokerage and clearing firm in the United States, announced today the appointment of Patrick Christie as Senior Executive Officer and Head of Hrvyst, the firm's agricultural technology (ag tech) business unit. Christie has more than 25 years of experience in starting, operating and investing in emerging technologies, including most recently in the ag tech and agribusiness sectors.

Borsa Istanbul: Constituents Of The BIST Dividend And BIST Dividend 25 Indices For The Period February 1, 2024 – April 30, 2024 Has Been Changed

Date 17/01/2024

Taking BIST Market Cap Weighted Stock Indices Methodolog into consideration, periodic review of BIST Dividend indices is completed. As results of the periodic review, constituent changes of BIST Dividend and BIST Dividend 25 indices, decided by Borsa Istanbul Management for the February 1, 2024 - April 30, 2024 period, are below.

BME To Settle The First NextGenerationEU Bond Auction For Up To 1.5 Billion Euros

Date 17/01/2024

• The European Commission has announced the first NextGenerationEU bond auction for today
• Iberclear is launching its NextGenerationEU cross-border securities settlement and custody services through the latest link with its Belgian counterpart

Deutsche Bank And Societe Generale Join FIA Tech Ownership Consortium - Move Shows Further Industry Support For FIA Tech’s Innovation

Date 17/01/2024

FIA Tech, a leading futures industry technology provider, today announced that Deutsche Bank and Societe Generale have joined its ownership consortium and recent funding round, bringing the total funds raised to $84.2m. Both will also join FIA Tech’s board of directors.

BCBS-IOSCO Report Sets Out Recommendations For Good Margin Practices In Non-Centrally Cleared Markets

Date 17/01/2024

• BCBS-IOSCO publish a report on streamlining variation margin processes and the responsiveness of initial margin models in non-centrally cleared markets.
• The report sets out eight recommendations to encourage the implementation of good market practices but does not propose any policy changes to the BCBS-IOSCO frameworks.
• The recommendations address challenges that could inhibit a seamless exchange of margin and collateral calls in stress periods and highlight good practices for making the Standard Initial Margin Model (SIMM) more responsive to extreme market shocks.