News Centre

Press Conference By SUZUKI Shunichi, Japan Minister Of Finance And Minister Of State For Financial Services - Shinsei Bank And SBI Holdings

Date 15/12/2021

[Questions and answers:]

Q.

My question is about Shinsei Bank and SBI Holdings. Tomorrow, Shinsei Bank will hold an extraordinary meeting of shareholders, and the national government is supposed to present a certain stance concerning the bank's shares held by the Deposit Insurance Corporation of Japan and the Resolution and Collection Corporation. Please explain your thought on what stance the national government will take?

Trading Platform wardenvc.com: BaFin Investigates Mainserver Ltd

Date 15/12/2021

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that Mainserver Ltd, Marshall Islands, has not been granted authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin.

ISDA - The Swap - Episode 17: Pioneering Change In DEI

Date 14/12/2021

Promoting and maintaining diversity, equity and inclusion in the workplace is fast becoming a risk and compliance priority for financial institutions. Tuvia Borok, global head of policy and documentation at Goldman Sachs, talks to ISDA CEO Scott O’Malia.

Office Of The Comptroller Of The Currency Issues Final Rule To Rescind Its 2020 Community Reinvestment Act Rule

Date 14/12/2021

The Office of the Comptroller of the Currency (OCC) issued a final rule to rescind the June 2020 Community Reinvestment Act (CRA) rule and replace it with a rule based on the rules adopted jointly by the Federal banking agencies in 1995, as amended. This action is intended to facilitate the ongoing interagency work to modernize the CRA regulatory framework and promote consistency for all insured depository institutions.

ISDA: Contractual Standards For Digital Asset Derivatives

Date 14/12/2021

Digital assets have experienced enormous growth over the past decade to reach almost $3 trillion in market value, and this has been accompanied by an increase in the number and diversity of market participants. As has been the case with other markets, derivatives will play an important role in the digital asset market, facilitating price discovery, increasing liquidity and allowing market participants to hedge.

Acting Comptroller Of The Currency Issues Statement On RFI On Bank Mergers

Date 14/12/2021

Acting Comptroller of the Currency Michael J. Hsu issued the following statement today regarding the Request for Information on bank mergers.

I support the view of the majority of the FDIC Board members that the Bank Merger Act (BMA) guidelines are ripe for review. I am particularly focused on the financial stability prong, given large bank merger trends and my experience in the 2008 financial crisis with too-big-to-fail firms.

IIFM And ISDA Publish IBOR Fallback Bilateral Amendment Agreement And Definitions Booklet

Date 14/12/2021

The International Islamic Financial Market (IIFM) and ISDA today announced the publication of the ISDA/IIFM IBOR Fallback Definitions Booklet for Islamic Hedging Transactions, which will enable firms that transact under relevant documentation to agree to robust contractual fallbacks for certain key interbank offered rates (IBORs). IIFM and ISDA have also published an ISDA/IIFM Shari’ah-Compliant Bilateral Amendment Agreement template to enable institutions to agree with their counterparties to incorporate the fallbacks for existing Islamic hedges.   

Nadex Amends Listing Hours During The Week Of January 3, 2022

Date 14/12/2021

Nadex will observe the following modified holiday schedule for the week of January 3, 2022:

ISDA-Clarus RFR Adoption Indicator: November 2021

Date 14/12/2021

ISDA-Clarus RFR Adoption Indicator increased to an all-time high of 26.3% in November compared to 24.5% 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 17.7% of total IRD in November compared to 17.0% the prior month.

Virtual Remarks At The Center For American Progress And Sierra Club: Down the Rabbit Hole Of Climate Pledges, SEC Commissioner Caroline A. Crenshaw Dec. 14, 2021

Date 14/12/2021

Thank you Daniella [Gibbs Léger], I am thrilled to be here today. And I want to commend the Center for American Progress and the Sierra Club for the hard work and dedication behind the important research that is being recognized today. Climate change is a crisis that poses an existential threat to our society, and our capital markets will not escape the impact. But before I continue, I must give my standard disclaimer that the views I express are my own and do not necessarily reflect the views of the Commission or its staff.