News Centre

Statement On Regulation SP: Privacy Of Consumer Financial Information And Safeguarding Customer Information, SEC Commissioner Hester M. Peirce, March 15, 2023

Date 15/03/2023

Thank you, Chair Gensler. The Commission routinely explains the need for new disclosure mandates by insisting that investors really want the information. In this case, I agree. Investors want to know if their personal information has been compromised and want it to be protected, and thus I support this proposal. However, my support is far from unreserved, and my willingness to vote for a final rule will depend largely on our response to problems identified by commenters.

Statement On Enhanced Cybersecurity or Market Entities, SEC Chair Gary Gensler, March 15, 2023

Date 15/03/2023

Today, the Commission is considering a proposal on cybersecurity practices for broker-dealers, clearinghouses, and other market entities. I am pleased to support this proposal because, if adopted, it would set standards for these market entities’ cybersecurity practices.

Statement On Amendments To Regulation S-P, SEC Chair Gary Gensler, March 15, 2023

Date 15/03/2023

Today, the Commission is considering amendments to require covered firms to notify their customers of data breaches.[1] I support these amendments because, through making critical updates to a rule first adopted in 2000, this proposal would help protect the privacy of customers’ financial data.

CryptoCompare Asset Report - February 2023: Bitcoin Associated Tokens Rally Amid Ordinals Hype

Date 15/03/2023

In February, traditional and crypto markets reverted from the positive performance seen during the first month of the year, with equity indices falling between 3 - 4%. While BTC and ETH saw marginal positive returns, assets further down the risk curve (such as ADA and SOL) saw negative performance throughout the month. 

ISDA: Progress On Global Transition To RFRs In Derivatives Markets

Date 15/03/2023

This paper examines the progress made on the global transition to risk-free rates (RFRs). Specifically, it analyzes the adoption of the Secured Overnight Financing Rate in different regions and highlights major industry developments that are expected to take place in the first half of 2023. The paper also explores several current topics related to the RFR transition, including synthetic LIBOR rates, term RFRs, credit-sensitive rates and the modification of clearing and trading requirements.

StoneX Names Thomas Friesleben Managing Director For StoneX Pro EMEA

Date 15/03/2023

• Announcement furthers StoneX commitment to expanding its presence in Europe for the EMEA region and the launch of StoneX Pro for EMEA Foreign Exchange clients

SEC Proposes New Requirements To Address Cybersecurity Risks To The U.S. Securities Markets

Date 15/03/2023

The Securities and Exchange Commission today proposed requirements for broker-dealers, clearing agencies, major security-based swap participants, the Municipal Securities Rulemaking Board, national securities associations, national securities exchanges, security-based swap data repositories, security-based swap dealers, and transfer agents (collectively, “Market Entities”) to address their cybersecurity risks.

The Swiss Financial Market Supervisory Authority FINMA And The Swiss National Bank SNB Issue Statement On Market Uncertainty

Date 15/03/2023

BIS: Commodity Prices And The US Dollar

Date 15/03/2023

Summary

Focus 

In the aftermath of the Covid-19 pandemic, rising commodity prices went hand in hand with a stronger US dollar, reversing the usual relationship between these variables. US dollar appreciation increased the inflationary effects of higher commodity prices for commodity-importing economies, and dampened the "shock-absorbing" effects of exchange rate movements for commodity exporters. This paper examines whether the post-pandemic correlation patterns between commodity prices and the US dollar will become more common in the future.

BlsckRock: Read Larry Fink’s Annual Chairman’s Letter To Investors

Date 15/03/2023

In his latest letter, Larry discusses the macro environment, including inflation, rising rates and stresses in the banking sector. He also addresses a fragmenting global economy, our commitment to client choice, the importance of hope for investors, the “silent” retirement crisis, and implications of the global energy transition.