News Centre

IMF Managing Director Kristalina Georgieva Proposes Appointment of Mr. Kenji Okamura as Deputy Managing Director

Date 10/11/2021

Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced today to the Executive Board of the IMF her proposal to appoint Mr. Kenji Okamura as Deputy Managing Director, effective December 3, 2021. Mr. Okamura currently serves the Government of Japan as Special Advisor to the Prime Minister on International Economic Policies. He will fill the vacancy created by the departure of Mitsuhiro Furusawa, who, as previously announced, steps down on November 30.

SEC: Entrepreneurship In Rural And Under-Resourced Areas On Agenda For Small Business Capital Formation Advisory Committee Meeting - Agenda Includes Treasury Update On $10 Billion State Small Business Credit Initiative

Date 10/11/2021

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its virtual meeting on Tuesday, Nov. 16, when it plans to explore ways to foster entrepreneurship and capital access in rural and under-resourced areas.

CFTC Grants Order To LCH SA Permitting Portfolio Margining Of Swaps And Security-Based Swaps In A Cleared Swaps Customer Account

Date 10/11/2021

The Commodity Futures Trading Commission announced today that it has issued an order granting a request made by Banque Centrale de Compensation, doing business as LCH SA, a CFTC-registered derivatives clearing organization (DCO), under Section 4d(f) of the Commodity Exchange Act (CEA).

SEC Issues Awards Totaling More Than $15 Million To Two Whistleblowers

Date 10/11/2021

The Securities and Exchange Commission today announced awards of more than $12.5 million and $2.5 million to two whistleblowers whose information and assistance led to a successful SEC enforcement action.

Ontario Securities Commission Dialogue 2021: Creating Conditions For Growth

Date 10/11/2021

The Ontario Securities Commission’s (OSC) signature annual conference, OSC Dialogue takes place virtually on Tuesday, November 23, 2021.

Alberta Securities Commission Adopts New Small Business Finder’s Exemption To Facilitate Capital Raising

Date 10/11/2021

The Alberta Securities Commission (ASC) today adopted a new registration exemption for finders to help start-ups and other small businesses in Alberta raise capital. 

FIA Statement On European Commissioner Mairead McGuinness Statement Today On Equivalence

Date 10/11/2021

FIA Head of Europe Bruce Savage commenting on today’s announcement by Commissioner Mairead McGuinness that the European Commission will propose an extension of equivalence for UK CCPs in early 2022, said:

“FIA welcomes today’s announcement by Commissioner Mairead McGuinness that the European Commission will propose an extension of equivalence for UK CCPs in early 2022 to safeguard financial stability and avoid a cliff edge for EU market participants.  FIA is pleased that the Commission has listened to industry concerns and provided early clarity to prevent negative financial, commercial and  operational impacts on EU counterparties and clearing members. This will enable continued access to global pools of liquidity.  FIA supports the growth of competitive, efficient and safe markets globally, and we look forward to working with the Commission in 2022 on measures to grow EU financial markets.”

Prepared Remarks At the Institutional Limited Partners Association Summit, SEC Chair Gary Gensler, Nov. 10, 2021

Date 10/11/2021

Today, I’d like to talk about private funds, and the importance of certain of these funds — in particular, private equity and hedge funds — to our capital markets.

SEC: Registration Of Two Digital Tokens Halted

Date 10/11/2021

The Securities and Exchange Commission today instituted proceedings against American CryptoFed DAO LLC, a Wyoming-based organization, halting the effectiveness of the company’s registration of two digital tokens as securities. 

EBA Issues Requirements On Institutions’ Pillar 3 Disclosure Of Interest Rate Risk Exposures

Date 10/11/2021

• The harmonised disclosures provide stakeholders with information on institutions’ exposures to interest rate risks in their non-trading books.
• The final draft technical standards put forward comparable disclosures that help institutions comply with the requirements laid down in the revised Capital Requirements Regulation (CRR).