News Centre

Financial Stability And The U.S. Economy, Federal Reserve Governor Philip N. Jefferson At The 22nd Annual International Conference On Policy Challenges For The Financial Sector, Washington, D.C.

Date 31/05/2023

Good afternoon, everyone. It is a pleasure to be here and share my perspective on some key challenges policymakers currently face. Before I begin, let me remind you that the views I will express today are my own and are not necessarily those of my colleagues in the Federal Reserve System.

MIAX Options And MIAX Pearl Options Exchanges June 1, 2023 Fee Changes

Date 31/05/2023

Effective June 1, 2023, pending filing with the SEC, MIAX Options and MIAX PEARL Options will amend transactional fees:

Total Value Of Stock Transactions On NGX Hit N35bn Amid Bullish Sentiments

Date 31/05/2023

Amid demand and price appreciation, the total value of stocks traded on the floor of the Nigerian Exchange Limited (NGX) has now risen to N34.797 billion in two consecutive trading sessions.

ISDA Equity Swap Protocol – 2021 Definitions

Date 31/05/2023

At the request of members of the ISDA Equity Working Groups, ISDA plans to launch the 2023 ISDA Equity Swap Protocol in September 2023, allowing adhering parties to incorporate the 2021 ISDA Interest Rate Derivatives Definitions (the “2021 Definitions”) to relevant Equity Swap documentation.

EBA Consults On Amendments To The Guidelines On Money Laundering And Terrorist Financing Risk Factors To Include Crypto-Asset Service Providers

Date 31/05/2023

The European Banking Authority (EBA) launched today a public consultation on amendments to its Guidelines on money laundering and terrorist financing (ML/TF) risk factors. The proposed changes extend the scope of these Guidelines to crypto-asset service providers (CASPs). The consultation runs until 31 August 2023.

CCData Digital Asset Management Review: Digital Asset Management Firms See Major YTD Increase In AUM

Date 31/05/2023

For the first time in 2023, the digital asset sector witnessed a decrease in the total assets under management (AUM) for digital asset investment products, with overall AUM shrinking by 8.92% to $30.6bn in May. Despite this dip, the year-to-date growth of AUM stands at 55.5%.

FTSE UK Index Series – Annual Review June 2023

Date 31/05/2023

• IMI to join the FTSE 100
• Six changes to the FTSE 250

SEC: Commission Statement On The Passing Of Former Chairman Harvey Pitt

Date 31/05/2023

We mourn the passing of Harvey Pitt, the 26th Chairman of the Securities and Exchange Commission. Harvey loved this agency, dating back to his time right out of law school serving as a staff attorney in the Office of General Counsel (OGC). He continued to serve the Commission for a decade, advising former Commissioner Francis M. Wheat, taking on important roles in OGC and the Division of Market Regulation, and serving in the front office of former Chairman Ray Garrett, Jr. After only seven years at the SEC, Harvey became the youngest General Counsel in the SEC’s history. It was one of his greatest dreams to come back later in his career to chair the agency. As Chair, he oversaw the SEC’s response to the September 11th attacks and led the Commission’s rulemaking efforts in response to the corporate accounting crises of the 1990s. Even in the last year, he has made himself available to offer advice and continued to submit comment letters on our rulemaking proposals. Our hearts go out to Saree and Harvey’s family.

BIS: Prudential Treatment Of Cryptoasset Exposures – Executive Summary

Date 31/05/2023

The rapid evolution of cryptoassets and their growing interaction with mainstream finance could raise financial stability concerns and accentuate the microprudential risks of banks. Although the cryptoasset market remains small relative to the size of the global financial system and banks' exposures to cryptoassets are currently limited, the market's absolute size is still meaningful. Moreover, certain cryptoassets have exhibited a high degree of volatility and may intensify risks for banks as exposures increase, including credit, market, liquidity and operational (including fraud and cyber) risks; money laundering/terrorist financing risks; and legal and reputation risks.

ESMA: Amended Rules For Transparency Calculations To Start Applying On 5 June 2023

Date 31/05/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today informs stakeholders that the amended RTS 1 and RTS 2, under MiFIR, will start applying on 5 June 2023. Some of the amendments will have an impact on the transparency calculations for equity, equity-like and non-equity instruments.