News Centre

Statement On Senate Confirmation Of Jaime Lizárraga And Mark Uyeda - SEC Chair Gary Gensler, Commissioner Hester M. Peirce, Commissioner Allison Herren Lee, Commissioner Caroline A. Crenshaw

Date 17/06/2022

We congratulate Jaime Lizárraga and Mark Uyeda on their successful Senate confirmations to serve as Commissioners. On behalf of the entire agency, we would like to welcome them both back to the Securities and Exchange Commission. We look forward to their many contributions to the agency and our work on behalf of the American public.

Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With CEO Members Of The Board Of Directors Of The Bank Policy Institute

Date 16/06/2022

U.S. Secretary of the Treasury Janet L. Yellen met today with CEO members of the board of directors of the Bank Policy Institute to discuss the global and domestic economic outlook, the Biden-Harris Administration’s work to address inflation, the Administration’s firm commitment to holding Russia accountable for its for its brutal and unprovoked war in Ukraine, and efforts to promote responsible innovation in digital assets.

ISDA - The Swap - Episode 22: Delving Into DLT

Date 16/06/2022

Distributed ledger technology could potentially revolutionize financial markets by overhauling legacy systems and slashing infrastructure costs. Where are the greatest opportunities in derivatives markets, and what will it take to effect change? Scott O’Malia talks to Digital Asset CEO Yuval Rooz.

Canadian Securities Regulators Highlight CSA 2019-2022 Business Plan Achievements

Date 16/06/2022

The Canadian Securities Administrators (CSA) today released its Achievement Highlights report that summarizes the progress made on the strategic initiatives published in the CSA 2019-2022 Business Plan.

The Updated Coefficients For Moscow Exchange Indices To Come Into Force

Date 16/06/2022

The following coefficients for Moscow Exchange indices come into force from June 17, 2022:

BIS - Miners As Intermediaries: Extractable Value And Market Manipulation In Crypto And DeFi

Date 16/06/2022

Key takeaways

• Cryptocurrencies such as Ethereum and decentralised finance (DeFi) protocols built on them rely on validators or "miners" as intermediaries to verify transactions and update the ledger.
• Since these intermediaries can choose which transactions they add to the ledger and in which order, they can engage in activities that would be illegal in traditional markets such as front-running and sandwich trades. The resulting profit is termed "miner extractable value" (MEV).
• MEV is an intrinsic shortcoming of pseudo-anonymous blockchains. Addressing this form of market manipulation may call for new regulatory approaches to this new class of intermediaries.

CFTC Commissioner Pham To Deliver A Keynote Address At The Nasdaq Technology Of The Future Conference

Date 16/06/2022

BIS - Corporate Digital Identity: No Silver Bullet, But A Silver Lining

Date 16/06/2022

Corporate digital identity (ID) has the potential to dramatically simplify the identification and verification of companies and to reduce the risks and costs of doing business. It forms a kind of admission ticket for a company to access financial and non-financial services while at the same time enhancing access to information about the company for counterparties, customers, regulators and financial services providers.

SEC Charges Firm And Five Brokers With Violations Of Reg BI - Brokerage Firm Sold $13.3 Million Worth Of High-Risk Bonds To Retirees And Other Retail Investors

Date 16/06/2022

The Securities and Exchange Commission today charged registered broker-dealer Western International Securities, Inc. and five of its registered representatives, or brokers – Nancy Cole, Patrick Egan, Andy Gitipityapon, Steven Graham, and Thomas Swan – with violating Best Interest Obligation regulations (commonly referred to as Regulation Best Interest or Reg BI) when they recommended and sold an unrated, high-risk debt security known as L Bonds to retirees and other retail investors. From July 2020 through April 2021, Western sold an aggregate of $13.3 million of L Bonds.

FSB Sub-Saharan Africa Group Discusses Climate-Related Risks, Cross-Border Payments And Crypto-Assets

Date 16/06/2022

The Financial Stability Board (FSB) Regional Consultative Group (RCG) for Sub-Saharan Africa held their first in-person meeting since the onset of the COVID-19 pandemic, hosted by the Bank of Ghana in Accra.