News Centre

SIFMA Statement On Inclusion Of LIBOR Legislation In The Omnibus

Date 09/03/2022

SIFMA released the following statement from president and CEO Kenneth E. Bentsen, Jr., on the inclusion of the Adjustable Interest Rate (LIBOR) Act in the omnibus in the U.S. House of Representatives today:

“We commend the inclusion the Adjustable Interest Rate (LIBOR) Act, sponsored by Representative Brad Sherman (D-CA) and Senators Jon Tester (D-MT) and Thom Tillis (R-NC), in the Consolidated Appropriations Act of 2022."

Dissenting Statement On Cybersecurity Risk Management, Strategy, Governance, And Incident Disclosure Proposal, SEC Commissioner Hester M. Peirce, March 9, 2022

Date 09/03/2022

Thank you, Renee, Ian, and Jessica. Cybersecurity risk is top of mind for everyone. The Commission’s consideration of this topic—whether for investment advisers, as we did a month ago, or public companies, as we are doing today—is, therefore, reasonable. We must approach this topic, of course, through the prism of our mission. We have an important role to play in ensuring that investors get the information they need to understand issuers’ cybersecurity risks if they are material. This proposal, however, flirts with casting us as the nation’s cybersecurity command center, a role Congress did not give us. Accordingly, I respectfully dissent.

ISDA Responds To UK Climate Change Committee Call For Evidence On Carbon Offsets

Date 09/03/2022

On February 28, ISDA submitted a response to the UK Climate Change Committee (CCC) call for evidence on carbon offsets. The CCC is an independent statutory body advising the UK government on emissions targets that is planning to develop a more in-depth piece of work on voluntary carbon offsets, which will culminate in a report on offsets to be published later in 2022.

ETFGI Reports The ETFs Industry In Canada Gathered US$3.36 Billion US Dollars In February 2022

Date 09/03/2022

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs listed in Canada gathered net inflows of US$3.36 billion during February, bringing year-to-date net inflows to US$7.77 billion. At the end of the month, Canadian ETF assets increased by 0.4%, from US$269 billion at the end of January to US$270 billion but are below the record high of  US$273 billion set at the end of 2021, according to ETFGI's February 2022 Canadian ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Statement In Support Of A Multi-Pronged Approach to Cybersecurity, SEC Commissioner Caroline A. Crenshaw, March 9, 2022

Date 09/03/2022

As I noted a few weeks ago, cybersecurity is one of the biggest challenges facing market participants today . Chief executive officers have identified cybersecurity as the number one threat to business growth in the coming years.  Experts have provided Congressional testimony that cyber threats are among the most significant strategic risks to our national security, economic prosperity, and public health and safety.  President Biden signed a National Security Memorandum acknowledging that the recent cyberattacks on Colonial Pipeline and JBS Foods demonstrate “significant cyber vulnerabilities” across our critical infrastructure. 

SEC Proposes Rules On Cybersecurity Risk Management, Strategy, Governance, And Incident Disclosure By Public Companies

Date 09/03/2022

The Securities and Exchange Commission today proposed amendments to its rules to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and incident reporting by public companies.

BIS: Deconstructing ESG Scores: How To Invest With Your Own Criteria

Date 09/03/2022

Summary

Focus

Environmental, social and governance (ESG) scores are becoming an increasingly important tool for asset managers to design and implement ESG investment strategies. However, there are drawbacks in using headline ESG scores that limit their usefulness. ESG scores amalgamate a broad range of fundamentally different factors, which creates ambiguity. Weak scores in one pillar can offset strong scores in another pillar.

Euronext Announces Annual Review Results Of The PSI®

Date 09/03/2022

Euronext today announced the results of the annual review for the PSI®, which will take place after markets close on Friday 18 March 2022, and be effective from Monday 21 March 2022.

Statement On Proposal For Mandatory Cybersecurity Disclosures, SEC Chair Gary Gensler, March 9, 2022

Date 09/03/2022

Today, the Commission is considering a proposal to mandate cybersecurity disclosures by public companies. I am pleased to support this proposal because, if adopted, it would strengthen investors’ ability to evaluate public companies’ cybersecurity practices and incident reporting.

Statement Of CFTC Chairman Rostin Behnam On The President’s Executive Order On Digital Assets

Date 09/03/2022

Commodity Futures Trading Commission Chairman Rostin Behnam today released the following statement on the Executive Order on Digital Assets signed by President Biden today:

“The Executive Order signed by President Biden today marks a significant step. The EO will ensure greater cooperation and coordination between various cabinet-level agencies, the independent market regulators and prudential regulatory bodies. With increased adoption and growth in the digital asset market comes the need for increased education and outreach to protect against new and emerging risks.  President Biden is right to emphasize the need for increased customer education and consumer protection, while combating illicit activity and safeguarding financial stability."