News Centre

Canadian Securities Regulators Publish Final Amendments To Enhance Protection Of Older And Vulnerable Clients

Date 15/07/2021

The Canadian Securities Administrators (CSA) published final amendments today that will improve protection of older and vulnerable clients across Canada, by providing registrants with tools and guidance to address situations involving diminished mental capacity or financial exploitation of their clients. 

ISDA derivatiViews: The LIBOR End Game

Date 15/07/2021

There can be no mistaking the regulatory message on LIBOR transition in recent weeks. A succession of letters, statements and reports, including those from the Financial Stability Board, the Commodity Futures Trading Commission (CFTC) and regulators at a recent Financial Stability Oversight Council meeting, all broadly made the same point: hurry up.

Canadian Securities Regulators Issue Warning About Suspicious Emails

Date 15/07/2021

The Canadian Securities Administrators (CSA) has been monitoring its systems for unusual activities after several registrants received e-mails that purport to come from CSA staff.

Trade Associations Submit Letter On CSDR Mandatory Buy-in Rules

Date 15/07/2021

On July 14, 2021, ISDA and 15 other trade associations wrote to the European Securities and Markets Authority (ESMA) and the European Commission (EC) on the timeline for implementation of the mandatory buy-in rules as part of the Central Securities Depositories Regulation (CSDR) settlement discipline regime. The associations welcome the report from the EC on the CSDR review published in July 2021, and fully support the intention to consider amendments to the mandatory buy-in regime, subject to an impact assessment. The associations request that ESMA and the EC take action to ensure the mandatory buy-in rules for non-central-counterparty transactions are not subject to application on February 1 2022, when the relevant regulatory technical standard is set to enter into force, and to provide clarity to market participants on the matter on an urgent basis.

Securities Regulators Announce Canadian Firm Selected For Cross-Border Testing

Date 15/07/2021

The Ontario Securities Commission (OSC), the Autorité des marchés financiers (AMF), the Alberta Securities Commission (ASC), and the British Columbia Securities Commission (BCSC) today announced that Bedrock AI Inc. has been selected to participate in a cross-border testing initiative supported by 23 regulators across five continents, as part of the Global Financial Innovation Network (GFIN).  

U.S. Department Of The Treasury Calls For Large Position Reports

Date 15/07/2021

The U.S. Department of the Treasury is calling for Large Position Reports from those entities whose positions in the 0-7/8% Treasury Notes of November 2030 equaled or exceeded $4.1 billion as of Monday, November 16, 2020 or Monday, December 14, 2020.

CFTC Commissioners Quintenz And Stump To Participate On A Panel At The ABA Business Law Section’s Derivatives & Futures Law Committee Mid-Year Program

Date 15/07/2021

SEC Awards More Than $1 Million To Whistleblower

Date 15/07/2021

The Securities and Exchange Commission today announced an award of more than $1 million to a whistleblower whose information and assistance led to an SEC enforcement action.  The whistleblower provided SEC staff with valuable information and ongoing assistance, which included participating in an interview with the staff and providing documents and additional information, saving the SEC time and resources. 

BIS: Global Reflation ?

Date 15/07/2021

Key takeaways

• Inflation has risen in many countries. In conjunction with a rebound in GDP growth and evidence of significant bottlenecks in some sectors, this has prompted concerns that the low inflation era of recent decades could be nearing its end.
• A closer look at the data reveals that the pickup in inflation can be ascribed largely to base effects, increases in the prices of a small number of pandemic-affected items and higher energy prices. A common thread through these causes is that their effect on inflation is likely to be temporary.
• A more persistent increase in inflation would likely require a material pickup in labour costs and an unmooring of inflation expectations. However, wage growth remains contained and the medium-term inflation expectations of professional forecasters and financial markets show little sign of de-anchoring. These developments are consistent with medium-term inflation moving towards central bank targets.

Moscow Exchange: Risk Parameters Change For The Securities

Date 15/07/2021

The following risk parameters will be changed: