News Centre

AARP, FINRA Foundation Team Up To Address Victim Blaming In Financial Fraud - New Paper Is A Catalyst For A Cultural Shift To End The Practice Of Blaming Fraud Victims For The Crimes They Experienced

Date 21/07/2022

A new report from the AARP Fraud Watch Network and FINRA Investor Education Foundation says shifting how our society talks about victims of financial fraud could lead to a much-needed change in how our country responds to this growing crime.

US Financial Stability Oversight Council Meeting

Date 21/07/2022

On Thursday, July 28, U.S. Secretary of the Treasury Janet L. Yellen will preside over a meeting of the Financial Stability Oversight Council (Council) by videoconference.  The meeting will consist of an executive session and a public session.  The preliminary agenda for the executive session includes an update from the Council’s Hedge Fund Working Group; an update from the Council’s Climate-related Financial Risk Committee; the Council’s report being prepared in response to the Executive Order on Ensuring Responsible Development of Digital Assets; and the Office of Financial Research’s non-centrally cleared bilateral repo data collection.*    The preliminary agenda for the public session includes the Council’s work related to climate-related financial risk.

Statement Of CFTC Commissioner Caroline D. Pham On SEC v. Wahi

Date 21/07/2022

“[I]n the words of Federalist No. 49, ‘The people are the only legitimate fountain of power, and it is from them that the constitutional charter . . . is derived.' Government is and should be the servant of the people, and it should be fully accountable to them for the actions which it supposedly takes on their behalf.” (H.R. Rep. No. 94-880 (Pt. 1), reprinted in 1976 U.S.C.C.A.N. 2183, 2184).

Testimony On “Oversight Of The SEC’s Division Of Enforcement” Before The United States House Of Representatives Committee On Financial Services Subcommittee On Investor Protection, Entrepreneurship, And Capital Markets, Gurbir S. Grewal, SEC Director, Division Of Enforcement, July 21, 2022

Date 21/07/2022

Chairman Sherman, Ranking Member Huizenga, and Members of the Subcommittee:

Thank you for inviting me to testify today on behalf of the Division of Enforcement (“Enforcement” or the “Division”) of the U.S. Securities and Exchange Commission (“SEC” or the “Commission”).

Deputy Governor Of The Bank Of England Reappointed

Date 21/07/2022

A Deputy Governor of the Bank of England has been reappointed by Her Majesty the Queen. 

SIFMA Announces James Reynolds, Jr. As New Chair Of Board Of Directors - Ken Cella To Become Chair-Elect

Date 21/07/2022

Today, SIFMA announced James Reynolds, Jr., chairman and CEO of Loop Capital Markets LLC, has been elected as chair of the Board of Directors.

New Chair Of The Court Of The Bank Of England Appointed

Date 21/07/2022

A new Chair of the Court of the Bank of England has been appointed by Her Majesty the Queen. 

ESMA And EBA Publish Guidelines To Harmonise The Supervisory Review And Evaluation Process Of Investment Firms

Date 21/07/2022

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, and the European Banking Authority (EBA) today published final Guidelines  on common procedures and methodologies for the supervisory review and evaluation process (SREP) for investment firms.

Bank Of England And UK Financial Conduct Authority: Transforming Data Collection Communication To Firms – 21 July 2022

Date 21/07/2022

Communication to firms to provide an update on the progress of the joint transformation programme, which is being led by the Bank of England and FCA with industry to transform data collection from the UK financial sector.

EBA Launches Discussion On 2023 EU-Wide Stress Test Methodology

Date 21/07/2022

The European Banking Authority (EBA) published today its 2023 EU-wide stress test draft methodology, templates and template guidance, which will be discussed with the industry. The methodology covers all risk areas and builds on the one prepared for the 2021 EU wide stress test. Some aspects of the methodology have been improved based on the lessons from the 2021 exercise. As a new feature, the projections on net fee and commission income (NFCI) will be based on a top-down model. This is a first step of revising the EU-wide stress test framework towards a hybrid (bottom-up and top-down) approach. Also, the sample coverage has been increased. An additional 26 banks have been added to the stress test sample compared to the 2021 exercise and further proportionality has been introduced into the methodology. The 2023 exercise will assess EU banks' resilience to an adverse economic shock and inform the 2023 Supervisory Review and Evaluation Process (SREP).