News Centre

ISDA And FIA Respond To The European Commission’s Roadmap Consultation On CSDR

Date 06/04/2021

On April 4, 2021, ISDA and FIA submitted a joint response to the European Commission’s (EC) roadmap consultation on the review of Central Securities Depositories Regulation (CSDR). In the response, the associations outline the need to clarify the scope of the settlement discipline regime with respect to derivatives transactions. In the context of margin transfers and physically settled derivatives, the associations ask the EC to prioritize reforming the settlement discipline regime’s mandatory buy-in rules in the upcoming CSDR review.

CFTC Financial Data For Futures Commission Merchants Update

Date 06/04/2021

Futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs) must file monthly financial reports with the CFTC's Division of Swap Dealer and Intermediary Oversight (DSIO) within 17 business days after the end of the month. Selected financial information from these reports is published below. The most recent month-end information generally is added within 12 business days after FCMs and RFEDs file their reports, but occasionally may be added later. For example:  The 17th business day filing “due date" for February 28, 2015 financial reports was March 25, 2015.  The 12 business day target for posting these data was April 10, 2015.

Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With The African Leaders Dialogue On The COVID-Climate Emergency

Date 06/04/2021

Earlier today, Secretary of the Treasury Janet L. Yellen addressed the virtual meeting of the African Leaders Dialogue on the COVID-Climate Emergency, co-hosted by African Development Bank President Akinwumi Adesina and Global Center on Adaptation Chair Ban Ki-Moon.  The Secretary stressed her commitment to cooperate with African partners on innovative solutions, including through multilateral financial institutions, to help people cope with the impacts of a climate that is already changing.

CFTC Orders New York Man To Pay More Than $1 Million For Role In Fraudulent Binary Options Scheme

Date 06/04/2021

The Commodity Futures Trading Commission today issued an order filing and settling charges against Glenn Olson formerly of Brooklyn, New York, for his role in a binary options fraud that harmed U.S. customers involving Blue Bit Banc, a United Kingdom company, and Blue Bit Analytics, Ltd, located in Turks and Caicos.

Remarks By US Secretary Of The Treasury Janet Yellen, World Bank Group President David Malpass, And International Monetary Fund Managing Director Kristalina Georgieva, In Conversation At The 2021 Spring Meetings - “Economic Recovery: Toward A Green, Resilient, And Inclusive Future”

Date 06/04/2021

MALPASS

Thank you very much, Larry. It's a pleasure to be here with IMF Managing Director Kristalina Georgieva and with U.S. Treasury Secretary Janet Yellen to discuss the economic recovery in the kickoff of our Spring Meetings. The world faces major challenges, including COVID, climate change, rising poverty and inequality and growing fragility and violence in many countries. The inequality is most apparent in the direct effects of COVID that hits informal workers and the vulnerable the most. The inequality extends well beyond that to vaccinations, the concentration in wealth, the unequal impact of the fiscal stimulus and asset purchases, and the imbalance in debtor-creditor relationships, particularly for people in the poorest countries. The World Bank Group is leaning forward as much as possible to face these challenges. In response to COVID-19, we took broad, fast action and quickly achieved over 100 active operations of support for developing countries.

New CFTC Customer Advisory Cautions The Public To Beware Of Trading Based On Internet Hype

Date 06/04/2021

The Commodity Futures Trading Commission today issued a Customer Advisory strongly encouraging the public to research and understand the commodity futures markets, physical markets, and securities markets before trading based on information on social media. The advisory also warns of the risks associated with futures trading or buying physical commodities, such as precious metals. The Market Participants Division (MPD) issued the customer advisory in recognition of National Financial Capability Month, which began April 1. 

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

Date 06/04/2021

As per the Securities market risk parameters methodology, on 06.04.2021, 20-59 (MSK) the upper bound of the price band (up to 5125) and initial margins (up to 20 %) for the security GM-RM were changed. New values are available here

ESMA Updates SFTR Q&As

Date 06/04/2021

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today updated its Questions and Answers related to reporting under the Securities Financing Transactions Regulation (SFTR).

Remarks By US Secretary Of The Treasury Janet L. Yellen Addressing The Threat Of Climate Change To The Coalition Of Finance Ministers For Climate Action

Date 06/04/2021

Thank you to Minister Vanhanen and Minister Cerda for inviting me to speak to you today. 

Let me begin by saying how excited the Biden-Harris Administration is to bring the United States back into the fold to tackle the generational issue of climate change.  Climate, by its very nature, requires strong global cooperation.  We lost four important years, and we recognize that many of you around the room have been leading change in your own countries.  The United States was pleased to join the Coalition last week, and my team and I look forward to engaging with you on this important agenda:  Finance ministries have a vital role to play, and there is much that we can learn from each other about how to integrate climate into our financial planning and decision-making. 

Moscow Exchange: Risk Parameters Change For The Securities

Date 06/04/2021

The following risk parameters will be changed:

IR risk (downward scenario) - SECΔ_1 (Y0/Y1)