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FINRA Proposal To Amend The Codes Of Arbitration Procedure To Make Various Clarifying And Technical Changes To The Codes, Including In Response To Recommendations In The Report Of Independent Counsel Lowenstein Sandler LLP

Date 13/01/2023

FINRA is proposing to amend the Codes of Arbitration Procedure to make changes to provisions relating to the arbitrator list selection process in response to recommendations in the report of independent counsel Lowenstein Sandler LLP. The proposed rule change also makes clarifying and technical changes to certain requirements in the Codes.

Nadex Refrains From Listing Certain Contracts

Date 13/01/2023

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions:

SIFMA Comments On Consolidated Audit Trail Funding Model

Date 13/01/2023

In a comment letter filed with the Securities and Exchange Commission (SEC), SIFMA disagrees with the proposed allocation of two-thirds of Consolidated Audit Trail (CAT) costs to industry members and instead suggests assigning half of CAT costs to industry members and half to the self-regulatory organization (SRO) participant exchanges as a more fair and reasonable allocation.  Further, SIFMA believes the SEC should not allow the SROs to significantly and materially amend the SROs’ current cost allocation proposal through a partial amendment for which the SEC has allotted a very brief 21-day comment period.

Bank Of England: Minutes Of Money Market Committee Meeting – December 2022

Date 13/01/2023

The Money Markets Committee is a forum for market participants and authorities to discuss the UK unsecured deposits and funding market and securities lending and repo markets.

US Secretary Of The Treasury Janet L. Yellen Sends Letter To Congressional Leadership On The Debt Limit

Date 13/01/2023

Today, U.S. Secretary of the Treasury Janet L. Yellen sent a letter to all members of Congressional leadership regarding the debt limit.

ACER’s Publishes Its First New Daily LNG Price Assessment Report

Date 13/01/2023

On 30 December 2022, a new Council Regulation (EU) 2022/2576 entered into force requiring ACER to produce and publish a daily objective LNG price assessment report.

CFTC Commissioner Goldsmith Romero To Discuss Blockchain For Public Institution Applications At GBBC’s Blockchain Central Davos 2023

Date 13/01/2023

BIS: Monetary Policy And Credit Card Spending

Date 13/01/2023

Summary

Focus 

This paper is the first to use credit card data to assess how monetary policy affects consumer spending. The analysis uses transaction-level information provided confidentially by Fable Data for more than 1 million accounts in Germany over the period 2017–21.

Federal Reserve Board Announces Reserve Bank Income And Expense Data And Transfers To The Treasury For 2022

Date 13/01/2023

The Federal Reserve Board on Friday announced preliminary financial information indicating that the Federal Reserve Banks had estimated net income of $58.4 billion in 2022. The 2022 audited Reserve Bank financial statements are expected to be published in coming months and may include adjustments to these preliminary unaudited results.

EBA Risk Dashboard Shows That Capital And Liquidity Ratios Remain Robust

Date 13/01/2023

• Overall, banks maintain robust capital and liquidity ratios.
• The average Common Equity Tier 1 (CET1) ratio declined slightly to 14.8% from 15% in the previous quarter on a fully loaded basis.
• The average Liquidity Coverage Ratio (LCR) reached 162.5% (164.9% in Q2 2022) while the average Net Stable Funding Ratio (NSFR) remained at 126.9%.
• The non-performing loan (NPL) ratio declined slightly to just below 1.8%. However, banks’ asset quality expectations have further deteriorated, notably for SME and consumer finance.
• Average return on equity (RoE) remains stable supported by increases in net interest income
• Banks and analysts remain optimistic about profitability prospects.
• EU Taxonomy used by banks engaged in green lending