News Centre

CFTC Financial Data For Futures Commission Merchants Update

Date 07/03/2023

The latest reports for January 2023 are now available.

Remarks Of CFTC Commissioner Christy Goldsmith Romero At ISDA’s ESG Forum On Promoting Market Resilience: A Thoughtful Approach To The Daunting Challenge Of Climate Financial Risk

Date 07/03/2023

Standard Disclaimer

Thank you to the International Swaps and Derivatives Association (“ISDA”) for inviting me to speak at a forum on climate risk, environmental, social, and governance (“ESG”) issues, the role that derivatives play in these markets, and the market and regulatory environment.

CFTC Commissioner Pham To Speak On A GW Law AAPI Women In Law Panel

Date 07/03/2023

Vienna Stock Exchange - ATX Prime: New Free Float Factors For Semperit And S Immo, ATX Composition Unchanged

Date 07/03/2023

The Vienna Stock Exchange reviewed the Austrian indices today and announces the change of free float factors. The composition of the national index ATX remains unchanged. The free float factor of Semperit AG Holding decreases from 0.5 to 0.4 following an accumulation by the investor de Krassny GmbH. For S IMMO AG, the free float factor decreases from 0.3 to 0.2 after disclosure of the stakes held by Immofinanz AG and CPI PROPERTY GROUP S.A., respectively. The free float factor expresses how many shares of a company circulate among the public and influences how strongly a share is weighted in the index. The changes will become effective on 20 March 2023. The next scheduled review of the composition of Austrian indices will follow on 5 September 2023, the free float factors will be reviewed again on 6 June 2023.

ISDA ESG Forum, March 7, 2023, Introduction And Welcoming Remarks, Scott O’Malia, ISDA Chief Executive

Date 07/03/2023

Good morning, and welcome to ISDA’s ESG Forum. I’d like to thank all of you for coming along today.

With more and more companies across the globe pledging to reduce their emissions of greenhouse gases and support the transition to a green economy, there has been growing interest in how financial markets and products – including derivatives – can help.

Remarks By US Secretary Of The Treasury Janet L. Yellen At The First Meeting Of The FSOC Climate-related Financial Risk Advisory Committee

Date 07/03/2023

Today, Secretary of the Treasury Janet L. Yellen delivered opening remarks at the first meeting of the Climate-related Financial Risk Advisory Committee (CFRAC). The CFRAC, the first external advisory committee of the Financial Stability Oversight Council (FSOC), will help the FSOC gather information on and analysis of climate-related financial risks from a broad array of stakeholders.

EBA: Women’s Representation On Boards Has Gradually Improved, But Imbalances Remain

Date 07/03/2023

The European Banking Authority (EBA) today published its Report on diversity practices and the gender pay gap at the level of the management body. 

BaFin Investigates Operator Of Website tfimarkets24.com

Date 07/03/2023

Germany’s financial supervisor BaFin suspects the operator of the website tfimarkets24.com of offering consumers financial and investment services without the required authorisation. The operator does not have authorisation under the German Banking Act (Kreditwesengesetz – KWG) or the German Investment Firm Act (Wertpapierinstitutsgesetz – WpIG) to offer these services. Moreover, the offeror contacts investors and leads them to believe that they could buy shares in Dr. Ing. h.c. F. Porsche Aktiengesellschaft (“Porsche AG”) via this company. This is not the case. TFI Markets Ltd (27 Pindarou, 1060 Nicosia, Cyprus) is not responsible for the website stated above or for the aforementioned offer to buy shares. This is a case of identity theft.

BIS: Did Interest Rate Guidance In Emerging Markets Work?

Date 07/03/2023

Summary

Focus 

Interest rate guidance consists of central bank statements about the future path of policy interest rates. Advanced economies deployed it after the Great Financial Crisis, successfully influencing long-term interest rates, as well as expectations about the economic outlook. It thus proved useful in complementing traditional monetary policy tools during crises or following unexpected shocks. Emerging market economies (EMEs) adopted interest rate guidance only recently, as part of their policy responses to the Covid-19 pandemic. In this paper we study the experience of the central banks of five EMEs during that episode, asking in particular whether their interest rate guidance could provide additional monetary stimulus and influence market expectations in the desired way.

ISDA And AFME Response To HMT On Short Selling Regulation

Date 07/03/2023

On March 5, 2023, ISDA and the Association for Financial Markets in Europe (AFME) responded to His Majesty’s Treasury’s call for evidence on the short selling regulation review. In the response, the associations argue the current prohibition in the short selling regime for sovereign credit default swaps could be removed, as it has led to inefficiencies in the market. ISDA and AFME members support changes to the market-maker exemption, including making the application process easier, and suggest reverting to a higher reporting threshold for net short positions to the Financial Conduct Authority to reduce costs and administrative burdens.