News Centre

CFTC Commissioner Goldsmith Romero To Participate In A Fireside Chat At WCL’s Virtual Currency Law, Regulation, And Policy Institute

Date 12/10/2022

Statement On Updates To Electronic Recordkeeping Requirements For Broker-Dealers And Security-Based Swap Entities, SEC Commissioner Caroline A. Crenshaw, Oct. 12, 2022

Date 12/10/2022

Recordkeeping is not an especially flashy topic. However, for regulators, a robust recordkeeping regime is fundamental to our ability to oversee our regulated entities. Without accurate and complete records, it is difficult or impossible to assess compliance with our rules.

G7 Finance Ministers And Central Bank Governors´ Statement On The Global Economic Impact Of Russia´S War Of Aggression Against Ukraine And G7 Support To Ukraine

Date 12/10/2022

We, the G7 Finance Ministers and Central Bank Governors, met in Washington D.C. We were honoured to be joined by the Ukrainian Finance Minister. We were also joined by the Heads of the International Monetary Fund, World Bank Group, Organisation for Economic Cooperation and Development, and Financial Stability Board.

ISDA-Clarus RFR Adoption Indicator: September 2022

Date 12/10/2022

The ISDA-Clarus RFR Adoption Indicator was 51.0% in September 2022 compared to 51.1% the prior month. The indicator tracks how much global trading activity (as measured by DV01) is conducted in cleared over-the-counter and exchange-traded interest rate derivatives (IRD) that reference the identified risk-free rates (RFRs) in six major currencies. On a traded notional basis, the percentage of RFR-linked IRD increased to 44.9% of total IRD transacted in September 2022 compared to 44.0% the prior month.

G7 Finance Ministers And Central Bank Governors´ Statement On Climate Issues

Date 12/10/2022

In our meeting on climate economics, we underlined our commitment to ambitious climate action and to promoting an orderly and just global transition towards net zero greenhouse gas emissions. We were delighted to be joined by Nicholas Stern, Amar Bhattacharya and Hans Peter Lankes for our discussion.

CME Group Names Jonathan Marcus As General Counsel

Date 12/10/2022

CME Group, the world's leading derivatives marketplace, today announced it has named Jonathan Marcus as Senior Managing Director and General Counsel.

SIFMA Statement On The SEC’s Final Rule Amending Electronic Recordkeeping Requirements

Date 12/10/2022

SIFMA today issued the following statement from Melissa MacGregor, SIFMA Managing Director and Associate General Counsel, regarding the Securities and Exchange Commission’s approval of amendments to ’34 Act requirements for electronic recordkeeping requirements to provide alternatives to the antiquated “write once, read many” or WORM standard:

Minutes Of The Federal Open Market Committee, September 20–21, 2022

Date 12/10/2022

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on September 20–21, 2022. The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.

Managing The Promise And Risk Of Financial Innovation, Federal Reserve Vice Chair For Supervision Michael S. Barr, At D.C. Fintech Week, Washington, D.C.

Date 12/10/2022

Thank you, Chris, and thank you for the invitation to speak to you today about the opportunities and risks of innovation. For the purposes of our discussion today, I will be focusing on financial innovation supported by new technologies, or fintech.1 In the fall of 2017, we managed to get Chris to accept an invitation to speak at a fintech conference in Ann Arbor, so it's about time that I returned the favor. Since then, we have continued to see major changes in technologies and the financial services and products they support. In looking over the materials for that conference, however, I'm struck by how the key themes have remained constant over, not only the last five years, but arguably for centuries. Financial innovation has always brought promise and risk, and the urgent need to get regulation right. In 1610, when Dutch merchants and bankers were otherwise busy creating global finance, a series of destabilizing bank runs also moved them to establish a ban on short-selling. Many of the issues we grapple with today are not as new as we think.

Remarks By US Secretary Of The Treasury Janet L. Yellen Ot The Second Ministerial Roundtable Discussion For Support To Ukraine

Date 12/10/2022

I thank President Zelensky and Prime Minister Shmyhal for addressing this group.  The American people stand resolutely with Ukraine in the face of Russia's brutal and illegal war, especially after Monday’s barbaric strikes on non-military targets throughout Ukraine.