News Centre

ISDA ESG Forum, March 7, 2023, Introduction And Welcoming Remarks, Scott O’Malia, ISDA Chief Executive

Date 07/03/2023

Good morning, and welcome to ISDA’s ESG Forum. I’d like to thank all of you for coming along today.

With more and more companies across the globe pledging to reduce their emissions of greenhouse gases and support the transition to a green economy, there has been growing interest in how financial markets and products – including derivatives – can help.

Remarks By US Secretary Of The Treasury Janet L. Yellen At The First Meeting Of The FSOC Climate-related Financial Risk Advisory Committee

Date 07/03/2023

Today, Secretary of the Treasury Janet L. Yellen delivered opening remarks at the first meeting of the Climate-related Financial Risk Advisory Committee (CFRAC). The CFRAC, the first external advisory committee of the Financial Stability Oversight Council (FSOC), will help the FSOC gather information on and analysis of climate-related financial risks from a broad array of stakeholders.

EBA: Women’s Representation On Boards Has Gradually Improved, But Imbalances Remain

Date 07/03/2023

The European Banking Authority (EBA) today published its Report on diversity practices and the gender pay gap at the level of the management body. 

BaFin Investigates Operator Of Website tfimarkets24.com

Date 07/03/2023

Germany’s financial supervisor BaFin suspects the operator of the website tfimarkets24.com of offering consumers financial and investment services without the required authorisation. The operator does not have authorisation under the German Banking Act (Kreditwesengesetz – KWG) or the German Investment Firm Act (Wertpapierinstitutsgesetz – WpIG) to offer these services. Moreover, the offeror contacts investors and leads them to believe that they could buy shares in Dr. Ing. h.c. F. Porsche Aktiengesellschaft (“Porsche AG”) via this company. This is not the case. TFI Markets Ltd (27 Pindarou, 1060 Nicosia, Cyprus) is not responsible for the website stated above or for the aforementioned offer to buy shares. This is a case of identity theft.

BIS: Did Interest Rate Guidance In Emerging Markets Work?

Date 07/03/2023

Summary

Focus 

Interest rate guidance consists of central bank statements about the future path of policy interest rates. Advanced economies deployed it after the Great Financial Crisis, successfully influencing long-term interest rates, as well as expectations about the economic outlook. It thus proved useful in complementing traditional monetary policy tools during crises or following unexpected shocks. Emerging market economies (EMEs) adopted interest rate guidance only recently, as part of their policy responses to the Covid-19 pandemic. In this paper we study the experience of the central banks of five EMEs during that episode, asking in particular whether their interest rate guidance could provide additional monetary stimulus and influence market expectations in the desired way.

ISDA And AFME Response To HMT On Short Selling Regulation

Date 07/03/2023

On March 5, 2023, ISDA and the Association for Financial Markets in Europe (AFME) responded to His Majesty’s Treasury’s call for evidence on the short selling regulation review. In the response, the associations argue the current prohibition in the short selling regime for sovereign credit default swaps could be removed, as it has led to inefficiencies in the market. ISDA and AFME members support changes to the market-maker exemption, including making the application process easier, and suggest reverting to a higher reporting threshold for net short positions to the Financial Conduct Authority to reduce costs and administrative burdens.

Whitney Stewart Russell Named A Most Influential Woman In Payments By American Banker - Stewart Russell Recognized For Enhancing Consumer Financial Journeys Through Innovative Technology

Date 07/03/2023

Whitney Stewart Russell, Senior Vice President of Digital Solutions at Fiserv, Inc., has been named one of the Most Influential Women in Payments by American Banker. Stewart Russell was recognized for her expertise in consumer payment behavior, segment strategy, and retail banking solutions that drive engagement and growth for thousands of financial institutions and fintech clients. 

SEC Updates List Of Firms Using Inaccurate Information To Solicit Investors

Date 07/03/2023

The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 96 soliciting entities, three impersonators of genuine firms, and five bogus regulators.

Semiannual Monetary Policy Report To The Congress, Federal Reserve Chair Jerome H. Powell, Before The Committee On Banking, Housing, And Urban Affairs, U.S. Senate, Washington, D.C.

Date 07/03/2023

Chairman Brown, Ranking Member Scott, and other members of the Committee, I appreciate the opportunity to present the Federal Reserve's semiannual Monetary Policy Report.

LSEG Partners With Mastercard To Enhance Digital Identity And Fraud Solutions For Customers - Single Uniform Platform Solution Authenticates Account Ownership, Enables Financial Institutions To Expand And Modernize Their Account Verification Capabilities While Reducing Risk

Date 07/03/2023

GIACT, an LSEG (London Stock Exchange Group) business, today announces a partnership with Mastercard, a global technology company in the payments industry, to leverage its Open Banking capabilities to provide a secure account verification solution for customers.