News Centre

ISDA-Clarus RFR Adoption Indicator: March 2022

Date 12/04/2022

The ISDA-Clarus RFR Adoption Indicator increased to an all-time high of 40.5% in March 2022 compared to 36.4% 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 comprised 31.9% of total IRD in March compared to 27.0% the prior month.

Statement In The Matter Of David Hansen, SEC Commissioner Hester M. Peirce, April 12, 2022

Date 12/04/2022

Exchange Act Rule 21F-17(a), adopted in 2011 as part of the whistleblower program mandated by the Dodd-Frank Act, prohibits taking “any action to impede an individual from communicating directly with the Commission staff about a possible securities law violation, including enforcing, or threatening to enforce, a confidentiality agreement . . . with respect to such communications.” The Commission’s Order concludes that David Hansen, a co-founder of NS8, Inc. who held various positions in the company, including Chief Information Officer, violated Rule 21F-17(a). The alleged violation related to Mr. Hansen’s response to concerns raised with him by an NS8 Employee that the company was overstating the number of paying customers. The Order does not explain what, precisely, Mr. Hansen did to hinder or obstruct direct communication between the NS8 Employee and the Commission. Accordingly, I dissent from instituting the action and accepting the settlement.

Bermuda Stock Exchange Announces Appointment Of Ailish Byrne As Chief Compliance Officer Designat

Date 12/04/2022

Bermuda Stock Exchange (BSXTM), a wholly owned subsidiary of Miami International Holdings, Inc., today announced the appointment of Ailish Byrne as Chief Compliance Officer Designate.

ISDA Market Practice Guidance For Rebasing Of The Indice de Precios de Consumo (SPIPC)

Date 12/04/2022

Documents (1)for ISDA Market Practice Guidance for Rebasing of the Indice de Precios de Consumo (SPIPC)

•  Rebasing-Market-Guidance-Spain CPI-041222(pdf)

BOX Exchange Order And Quote Message Behavior - UPDATED

Date 12/04/2022

BOX Exchange LLC (the “Exchange”) has previously distributed RC-2020-36 and RC-2022-04 to detail order and quote message behavior that is not allowed on the BOX Options Market (“BOX”) systems. An intentional pattern or practice of the following by any Firm or BOX Options Participant may be considered a violation of Exchange Rule 3000 (Just and Equitable Principles of Trade):

“Building Upon A Long Tradition” - Remarks Before The Ceres Investor Briefing, SEC Chair Gary Gensler, Washington D.C., April 12, 2022

Date 12/04/2022

Thank you. It’s good to be with Ceres for today’s investor briefing. As is customary, I’d like to note that my views are my own, and I’m not speaking on behalf of the Commission or SEC staff.

BIS - Central Bank Digital Currencies: A New Tool In The Financial Inclusion Toolkit?

Date 12/04/2022

Central banks are considering how retail central bank digital currencies (CBDCs) may help support financial inclusion. While they are not a magic bullet, central banks see CBDC as a further tool to promote financial inclusion if this goal features prominently in the design from the get-go. In particular, central banks are considering design options around promoting innovation in the two-tiered financial system (eg allowing for novel non-bank payment service providers), offering a robust and low-cost public sector technological basis (with novel interfaces and offline payments), facilitating enrolment and education (via simplified due diligence and electronic know your customer) and fostering interoperability (both domestically and across borders). Together, these features can address a range of existing barriers to financial inclusion.

EBA Publishes Final Draft Technical Standards On The Risk Retention Requirements For Securitisations

Date 12/04/2022

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) specifying the requirements for originators, sponsors and original lenders related to risk retention as laid down in the Securitisation Regulation and as amended by the Capital Markets Recovery Package (CMRP). These RTS aim to provide clarity on the risk retention requirements ensuring a better alignment of interests and reducing the risk of moral hazard, thus contributing further to the development of a sound, safe and robust securitisation market in the EU.

Revised Lists Of The Broad Market Index, The Medium And Small Capitalization Index And The Consumer Sector Index Announced

Date 12/04/2022

n connection with the termination of trading in the depositary receipts of Lenta Ltd. (code: LNTA, ISIN: US52634T2006), and based on the recommendations of the Index Committee, from April 14, 2022, depositary receipts of Lenta Ltd. will be replaced by ordinary shares of MC PJSC Lenta (trade code: LENT, ISIN: RU000A102S15) in the Broad Market Index, the Medium and Small Capitalization Index and the Consumer Sector Index.

Sucden Financial Appoints Michael Bell To Expand Coffee Business

Date 12/04/2022

Sucden Financial, the global multi-asset execution, clearing and liquidity provider, has hired Michael Bell as a coffee broker to help further expand its soft commodities services.