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  • ISDA- The Swap: Episode 8: Diversity And Derivatives

    Date 04/03/2021

    The financial industry has increased its focus on improving gender diversity in the workforce in recent years, but there is still a long way to go. How can firms gain momentum in tackling this issue and what impact has the coronavirus pandemic had on diversity initiatives? PIMCO’s Tracey Jordal and Amanda Pullinger from 100 Women in Finance give their perspectives.

     

  • First-Of-Its-Kind Study Identifies Drivers Of Chronic Fraud Victimization - AARP, FINRA Investor Education Foundation And Heart+Mind Strategies Identify Key Intervention Opportunities

    Date 04/03/2021

    AARP, the FINRA Investor Education Foundation (FINRA Foundation) and Heart+Mind Strategies today released Addressing the Challenge of Chronic Fraud Victimization, a study that identifies evidence-based ways to help repeat victims of financial fraud and their families. The study, published in recognition of National Consumer Protection Week (NCPW), used a behavior model to help illuminate factors that may contribute to repeat or chronic victimization by financial fraud schemes.

  • SIFMA Joins Coalition Letter Highlighting Problems With The PRO Act

    Date 04/03/2021

    SIFMA today joined a coalition of trade associations, whose combined members provide financial services to more than 112 million American families, in a letter to Congressional leadership highlighting problems and possible unintended consequences of provisions within H.R. 842, known as the PRO Act:

    “By effectively reclassifying independent contractors as employees, the PRO Act would create unintended consequences for the industry, and specifically insurance producers and independent financial advisors. These individuals are vital to ensuring that Main Street Americans have access to the important advice, products and services necessary to achieve their financial goals and protect their homes, families and businesses. In times of catastrophe, insurers engage independent contractors to provide a faster response for consumers experiencing loss. The PRO Act’s ‘ABC test’ could eliminate the choice a majority of practitioners have made to serve clients independently. In turn that could drastically reduce clients’ ability to access high quality advice for their insurance, investment and retirement security needs.”

  • CFTC Financial Data For Futures Commission Merchants Update

    Date 04/03/2021

    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.

  • Enhancing Focus On The SEC’s Enhanced Climate Change Efforts: SEC Commissioner Hester M. Peirce, SEC Commissioner Elad L. Roisman, March 4, 2021

    Date 04/03/2021

    Over the past two weeks, we and the public have seen a steady flow of SEC “climate” statements and press releases.[1]  Our Divisions of Corporation Finance, Examinations, and Enforcement all have announced climate- or ESG-related initiatives.  What does this “enhanced focus” on climate-related matters mean?  The short answer is: it’s not yet clear.  Do these announcements represent a change from current Commission practices or a continuation of the status quo with a new public relations twist?  Time will tell.  In the meantime, it is important to contextualize the recent announcements by providing some historical and procedural background.