News Centre

Dissenting Statement On Proxy Voting Advice Proposal, SEC Commissioner Hester M. Peirce, Nov. 17, 2021

Date 17/11/2021

I cannot support today’s proposal.  The Commission lacks a sound basis for seeking to amend a brand new rule.  Nothing has changed since we adopted the rule, and we have not learned anything new.  The release takes a stab at justifying the rewrite, but we might as well simply acknowledge that the political winds have shifted.

NGX Spotlights SPACs As A Viable Alternative Route To Public Markets

Date 17/11/2021

In recognition of the role Special Purpose Acquisition Companies (SPACs) play in catalyzing economic growth through public markets Nigeria and Africa, Nigerian Exchange Limited (NGX) hosted a webinar with the theme SPACs: An Alternative Route to Public Markets on Wednesday, 17 November 2021.

Reflections On Stablecoins And Payments Innovations, Federal Reserve Governor Christopher J. Waller At "Planning For Surprises, Learning From Crises" 2021 Financial Stability Conference, Cohosted By The Federal Reserve Bank Of Cleveland And The Office Of Financial Research, Cleveland, Ohio (Via Webcast)

Date 17/11/2021

The U.S. payment system is experiencing a technology-driven revolution. Shifting consumer preferences and the introduction of new products and services from a wide variety of new entities have led to advancements in payments technology. This dynamic landscape has also sparked an active policy debate—about the risks these new developments pose, how regulators should address them, and whether the government should offer an alternative of its own.

Moscow Exchange: Risk Parameters Change For The Security FIS-RM

Date 17/11/2021

As per the Securities market risk parameters methodology, on 17.11.2021, 20-24 (MSK) the lower bound of the price band (up to 7510) and initial margins (up to 18.75 %) for the security FIS-RM were changed. New values are available here

Dissenting Statement On Universal Proxy, SEC Commissioner Hester M. Peirce, Nov. 17, 2021

Date 17/11/2021

I support universal proxy, but not today’s version of universal proxy. 

Statement On Universal Proxy Rules, SEC Commissioner Elad L. Roisman, Nov. 17, 2021

Date 17/11/2021

Good morning. 

Thank you to the staff who worked on this rulemaking.

I support adopting this rule.  I see no compelling reason to prevent shareholders from mixing and matching their votes between a management and dissident slate, given that shareholders who attend meetings are already able to vote in this way.

Statement on Proposed Amendments Related to Proxy Voting Advice, SEC Commissioner Allison Herren Lee, Nov. 17, 2021

Date 17/11/2021

Proxy advisors play a unique and important role in helping shareholders vote to protect their investments and ensure their interests are being served. It is therefore important that our rules do not interfere with the independence of proxy voting advice, introduce unnecessary cost and complexity into an already compressed proxy voting process, or otherwise burden the free and full exercise of shareholder voting rights. For this reason, I’m pleased that we are revisiting certain aspects of the amendments governing proxy voting advice adopted last year so that our rules are appropriately tailored to the needs of investors and other market participants. 

Moscow Exchange: Risk Parameters On Securities Market

Date 17/11/2021

CCP NCC sets the following risk parameters on Securities market starting from 18.11.2021 

Statement On Universal Proxy Ballots, SEC Commissioner Allison Herren Lee, Nov. 17, 2021

Date 17/11/2021

Electing corporate directors is perhaps the most critical function of shareholders in our system of corporate democracy. Corporations are owned by shareholders, but managed and overseen by boards of directors. Thus, it is the shareholders – the owners – that decide whom to entrust to oversee their capital. This is the integral construct of American corporations. The amendments the Commission is voting on today will help ensure that shareholders voting by proxy can freely choose between and among all qualified candidates for the board – and are not limited to choosing the entire slate put forth by one side or the other.

EBA Sees Limited Impact Of The NSFR On The Functioning Of The Precious Metals’ Markets

Date 17/11/2021

The European Banking Authority (EBA) published today a Report on the possible impact of the net stable funding ratio (NSFR) on the functioning of the precious metals’ markets. The Report aims at assessing whether it would be justified to reduce the required stable funding factor for assets used for providing clearing and settlement services or for financing transactions of precious metals.