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Power Brokers: How To Transform Into The Lynchpins Of The Ecosystem - Speech By Emily Shepperd, UK Financial Conduct Authority Chief Operating Officer Delivered At The British Insurance Brokers' Association (BIBA) Conference

Date 16/05/2024

Key points

• Brokers have the opportunity to wield power responsibly and play a role as engineers of the financial ecosystem
• The industry must show more leadership in evidencing the value that brokers play when designing commissions and on policing non-financial misconduct and promoting healthy work cultures
• We are considering where we can reduce the regulatory burden on brokers, particularly when insurance is placed through overseas brokers 

Changes Of The Trading Days In Israel?

Date 16/05/2024

TASE publishes a call for the public comments on the alignment of its trading days to international standards The move is prompted in collaboration with the Israel Securities Authority and the Bank of Israel, given the importance of strengthening the international profile of public companies and the Israeli capital market, especially at this time

“Jack Bogle, Haystacks, And Putting The Interest Of The Clients First”, Prepared Remarks Before The 2024 Conference On Emerging Trends In Asset Management, SEC Chair Gary Gensler, Washington D.C., May 16, 2024

Date 16/05/2024

Thank you, Natasha. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking on behalf of my fellow Commissioners or the staff.  

US Office Of The Comptroller Of The Currency: Acting Comptroller Testifies On Agency Activities

Date 16/05/2024

Acting Comptroller Michael J. Hsu today testified on the Office of the Comptroller of the Currency’s (OCC) activities and four critical agency priorities before the Committee on Banking, Housing, and Urban Affairs of the U.S. Senate.

ISDA - US Basel III Endgame: Trading And Capital Markets Impact

Date 16/05/2024

In July 2023, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation proposed capital rules known as the US Basel III ‘endgame’ based on the global minimum regulatory capital standards developed by the Basel Committee on Banking Supervision (BCBS). If finalized as currently drafted, the US Basel III proposal will have a significant negative impact on trading activity and the liquidity and vibrancy of the US capital markets, with adverse effects on derivatives end users, investors, businesses and consumers.

Statement On Amendments to Regulation S-P, SEC Chair Gary Gensler, May 16, 2024

Date 16/05/2024

Today, the Commission is considering amendments to Regulation S-P that will require covered firms to notify their customers of data breaches. I support these amendments because, through making critical updates to a rule first adopted in 2000, these amendments will help protect the privacy of customers’ financial data.

ISDA derivatiViews: A Cornerstone Of CDS Clearing

Date 16/05/2024

Central clearing of derivatives has become a cornerstone of regulatory efforts to reduce risk and make markets more resilient. But to work for credit derivatives, there had to be a single, standardized mechanism for determining whether a credit event had occurred. That was the genesis of the Credit Derivatives Determinations Committees 15 years ago, and they’ve ensured this market has been able to function safely and efficiently ever since. Of course, that’s not to say the process can’t be improved, which is why we launched a public consultation earlier this week on possible changes that could be made to the structure and governance of the committees.

Vojtěch Belling Reappointed Vice Chair Of ESMA

Date 16/05/2024

The Board of Supervisors of the European Securities and Markets Authority (ESMA) has reappointed Vojtěch Belling as its Vice Chair. Mr Belling, who is the Executive Director of the Financial Market Regulation and International Cooperation Department of the Czech National Bank (CNB), will serve a further two-and-a-half-year term effective immediately.

Fiserv University Offers Role-Specific Learning, Technology Optimization Training And Consulting To Financial Institutions - Measurement Tools Will Enable Leaders To Track The Impact Of The Program And Make Data-Driven Decisions On The Courses And Consulting Services That Suit Their Institution Best

Date 16/05/2024

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial technology solutions, today opened Fiserv University, a newly expanded training and consulting services program designed to help financial institutions enhance the productivity of their people and optimize the use of technology. Financial institutions of all sizes and stages of operations can leverage Fiserv University offerings to meet their distinct training and performance goals.

New Exchange Council At EEX

Date 16/05/2024

Trading participants of the European Energy Exchange (EEX) have elected the new members of the Exchange Council, to serve for three years. The Exchange Council supervises the Exchange’s Management Board, provides guidance concerning the future development of the organisation, as well as approves and, if necessary, amends exchange rules and regulations. The Chairman and Deputy Chairman will be appointed in the constituent meeting on 12 June 2024.