News Centre

CFTC Commissioner Johnson To Deliver A Keynote Address At The 2022 CCP12 Annual General Meeting In Madrid

Date 14/06/2022

CFTC Commissioner Johnson To Serve As Keynote Speaker At Crypto Connection’s 2022 Conference

Date 14/06/2022

Testimony Of US Deputy Secretary Of The Treasury Wally Adeyemo Before The Subcommittee On Financial Services And General Government Committee On Appropriations, U.S Senate

Date 14/06/2022

Chairman Van Hollen, Ranking Member Hyde-Smith, and members of the Subcommittee, thank you for giving me the opportunity to speak with you today and to answer your questions. The events of the past six months in Ukraine have been tragic to witness and challenging to address for governments across the globe. Those challenges have been keenly felt by the Department of the Treasury, where our dedicated career staff have been working around the clock to combat Russia’s aggression. I want to start by thanking the Committee and Congress for the additional resources provided in the Ukraine supplemental appropriations packages and for having enacted the FY 2022 omnibus.

SEC Charges Private Equity Adviser For Failing To Disclose Disproportionate Expense Allocations To Fund

Date 14/06/2022

The Securities and Exchange Commission today charged New Jersey-based investment adviser Energy Capital Partners Management LP (ECP) with allocating undisclosed, disproportionate expenses to a private equity fund it advises. ECP agreed to pay a $1 million penalty to settle the SEC charges and has voluntarily paid back more than $3.3 million to the fund.

Canadian Securities Administrators Appoint New Chair And Vice-Chair

Date 14/06/2022

The Canadian Securities Administrators (CSA) today announced the appointment of Stan Magidson, Chair and CEO of the Alberta Securities Commission (ASC), as Chair of the CSA for a three-year term, effective July 1, 2022.

Vienna Stock Exchange Award 2022 Goes On Stage Again: AT&S First-Time Winner Of ATX Prize

Date 14/06/2022

• AT&S Austria Technologie & Systemtechnik AG wins ATX Award ahead of OMV AG and Wienerberger AG
• Three VÖNIX Sustainability Awards go to: Agrana-Beteiligungs AG, BKS Bank AG and UBM Development AG
• Erste Group Bank AG awarded 1st prize of the Journalist Award; Frequentis AG receives 1st prize in the Mid Cap category; VERBUND AG receives the Corporate Bond Award

BOX Exchange: CAT Full CAIS Certification And Compliance Deadlines Extended

Date 14/06/2022

This circular is being issued by BOX Exchange LLC (the “Exchange”) to confirm to Participants that the Consolidated Audit Trail (“CAT”) full Customer Account Information System (“CAIS”) certification and compliance deadlines have been extended.

FSB Middle East And North Africa Group Discusses Financial Stability Outlook And Risks From Crypto-Assets

Date 14/06/2022

The Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Middle East and North Africa (MENA) met today in virtual format.

BIS - DeFi Lending: Intermediation Without Information?

Date 14/06/2022

Key takeaways

• Lending platforms are a key part of the decentralised finance (DeFi) ecosystem, but their institutional features mostly facilitate speculation in cryptoassets rather than real economy lending.
• Due to the anonymity of borrowers, overcollateralisation is pervasive in DeFi lending, which generates procyclicality. Reliance on collateral also limits access to credit to borrowers who are already asset-rich, negating financial inclusion benefits.
• For DeFi lending to make inroads into the real economy, it needs to tokenise real assets and rely less on collateral by developing its ability to gather information about borrowers; as such, the system is likely to gravitate towards greater centralisation.

BIS - Monetary Policy Announcements And Expectations: The Case Of Mexico

Date 14/06/2022

Summary

Focus

Under inflation targeting regime, the effectiveness of monetary policy depends on public understanding of central banks' decisions, since expectations are a key channel of the transmission mechanism from policy actions to the economy. Here, private sector analysts play an important role and they shape their expectations in response to central bank announcements and data releases. Thus, it is important to study how private analysts' expectations react to new data and monetary policy decisions.