News Centre

Allianz Risk Barometer: A Cyber Event Is The Top Global Business Risk For 2024

Date 16/01/2024

• Data breaches, attacks on critical infrastructure or physical assets and increased ransomware attacks drive cyber concerns
• Business interruption remains #2 with 31%. Natural catastrophes is the biggest riser compared to 2023 with 26% in #3
• Risk perception differs regionally for climate change, political risks and violence, and shortage of skilled workforce

SIFMA AMG Comments On Basel III Endgame And GSIB Surcharge Proposals

Date 16/01/2024

SIFMA AMG today submitted a comment letter to the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation on proposed modifications to the regulatory capital requirements within the Basel III Proposal and on proposed adjustments to the calculation of the capital surcharge for U.S. global systemically important bank holding companies in the GSIB Surcharge Proposal. Specifically, SIFMA AMG shared concerns about the potential far-reaching and adverse effects that the proposals may have on investors with respect to pricing, transaction costs, and market liquidity.

CFTC Charges A Trader For Engaging In A Fictitious Sales Scheme

Date 16/01/2024

The Commodity Futures Trading Commission today filed a complaint in the U.S. District Court for the Central District of California against Yueyu Bao, a Chinese citizen, for engaging in a fictitious sales scheme.

CFTC Swaps Report Update

Date 16/01/2024

CFTC's Weekly Swaps Report has been updated, and is now available: http://www.cftc.gov/MarketReports/SwapsReports/index.htm.

CFTC Commissioner Pham To Speak At The Filecoin Sanctuary Davos

Date 16/01/2024

Theresa Taylor Re-Elected CalPERS Board President, David Miller Elected Vice President

Date 16/01/2024

The CalPERS Board of Administration has re-elected Theresa Taylor as board president and David Miller as vice president.

SIFMA, FIA Comment On Operational Risk Elements Of The Proposed U.S. Implementation Of The Basel III Proposal

Date 16/01/2024

SIFMA and Futures Industry Association (FIA) today submitted a comment letter to the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation on proposed modifications to operational risk capital requirements under the Basel III Proposal, specifically changes that would adversely affect bank provided fee-based business activities that are critical to the functioning of the U.S. capital markets.

ISDA And SIFMA Response To G-SIB Surcharge Framework Consultation

Date 16/01/2024

On January 16, ISDA and the Securities Industry and Financial Markets Association (SIFMA) submitted a response to a consultation by the US Federal Reserve on proposed changes to the G-SIB surcharge.

SIFMA Responds To U.S. Basel III And G-SIB Surcharge Consultations

Date 16/01/2024

SIFMA today submitted a joint letter with the International Swaps and Derivatives Association Inc. (ISDA) responding to the U.S. Basel III ‘endgame’ notice of proposed rulemaking (NPR) and the Federal Reserve’s GSIB surcharge NPR. The response warns that the proposed increases in capital for banking organizations capital markets activities are far greater than stated in the NPR and are not commensurate with the underlying risks.

ISDA And SIFMA Response To US Basel III NPR

Date 16/01/2024

On January 16, ISDA and the Securities Industry and Financial Markets Association (SIFMA) submitted a joint response on the US Basel III ‘endgame’ notice of proposed rulemaking (NPR). The response focuses on the Fundamental Review of the Trading Book (FRTB), the revised credit valuation adjustment (CVA) framework, the securities financing transactions requirements and elements of the standardized approach to counterparty credit risk rules.