News Centre

The Economic Outlook And A Word Of Caution On Inflation, Federal Reserve Governor Christopher J. Waller At The 59th Annual Economic Forecast Luncheon, Phoenix, Arizona

Date 16/11/2022

Thank you, Dean Kadan, and thank you for the opportunity to speak today about the outlook for the U.S. economy and the implications for the Federal Reserve's ongoing fight to reduce inflation.

Statement By US Secretary Of The Treasury Janet L. Yellen On Recent Crypto Market Developments

Date 16/11/2022

Secretary of the Treasury Janet L. Yellen released the following statement on the recent crypto market developments:

"The recent failure of a major cryptocurrency exchange and the unfortunate impact that has resulted for holders and investors of crypto assets demonstrate the need for more effective oversight of cryptocurrency markets."

Nadex Product Schedule For The Week Of November 21, 2022 For The 2022 Thanksgiving

Date 16/11/2022

Nadex will observe the following modified holiday schedule for the week of November 21, 2022:

IOSCO Issues Feedback Statement On Drivers Of Liquidity In Corporate Bond Markets During COVID-19 Induced Market Stresses

Date 16/11/2022

IOSCO today published a feedback statement summarizing the responses to its April 2022 Discussion Paper on ‘Corporate Bond Markets – Drivers of Liquidity during COVID-19 Induced Market Stresses’ (“Feedback Statement”).

IOSCO Reviews Implementation Of Liquidity Risk Management Recommendations

Date 16/11/2022

IOSCO today published a thematic review ('Review’) assessing the implementation of selected recommendations (‘Recommendations’) issued in 2018 to strengthen the liquidity risk management practices for collective investment schemes ('CIS’) globally.

Remarks By US Under Secretary For Domestic Finance Nellie Liang At The 2022 Treasury Market Conference

Date 16/11/2022

INTRODUCTION

Good morning. It is great to be back in person at this conference. I would like to begin by thanking our colleagues in the Inter-Agency Working Group on Treasury Market Surveillance (IAWG) for co-hosting this conference. The collaboration between IAWG members has been tremendously important as we prioritize efforts to strengthen the resilience of the Treasury market.  The feedback from many of you to implement those priorities has also been very useful.  I believe that collectively, we have made significant progress on a path to a more resilient market.  We have introduced some significant changes and proposals, but there is still more to do.  Today I would like to begin by offering some brief observations about current Treasury market liquidity conditions.  After that, I will highlight the overall work of the IAWG, and then provide more detail about a key workstream led by Treasury to improve data quality and transparency in the Treasury market. 

CFTC Chairman Behnam To Keynote At The Princeton DeCenter Inaugural Summit

Date 16/11/2022

SEC Received Record Number Of Whistleblower Tips In Fiscal Year 2022

Date 16/11/2022

On November 15, the U.S. Securities and Exchange Commission (SEC) announced its enforcement results for the 2022 Fiscal Year (FY 2022). Over the course of the fiscal year, the agency recovered a record $6.9 billion in penalties and disgorgement. Furthermore, the SEC Whistleblower Program received a record high number of whistleblower tips - more than 12,300. 

FSB Publishes Annual Report On Its Work To Promote Global Financial Stability

Date 16/11/2022

The Financial Stability Board (FSB) today published its latest Annual Report. The report, which was delivered to the G20 Leaders ahead of their Bali Summit, describes the FSB’s work to promote global financial stability.

New US Treasury Report Shows Fintech Industry Requires Additional Oversight To Close Gaps, Prevent Abuses And Protect Consumers - Report Recommends That Fintech-Bank Partnerships Be Subject To Enhanced Supervision

Date 16/11/2022

The U.S. Department of the Treasury, in consultation with the White House Competition Council, has released a report entitled “Assessing Impacts of New Entrant Non-bank Firms on Competition in Consumer Finance Markets.”  The report finds that, while concentration among federally insured banks is growing, new entrant non-bank firms, in particular “fintech” firms, are adding significantly to the number of firms and business models competing in core consumer finance markets and appear to be contributing to competitive pressure. While these fintech firms are enabling new capabilities, they are also creating new risks to consumer protection and market integrity, such as risks related to data privacy and regulatory arbitrage. To protect consumers in these rapidly changing markets and enable sustainable competition, among other recommendations, the report calls for enhanced oversight of the consumer financial activities of non-bank firms.