News Centre

Dissenting Statement Of CFTC Commissioner Caroline D. Pham On Request For Authority To Appeal From Court Order In Kalshi Matter

Date 10/09/2024

Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. Pham issued the following statement on the Commission’s vote on Monday to authorize the CFTC to appeal the September 6, 2024 order by the U.S. District Court for the District of Columbia regarding KalshiEX LLC:

SEC Charges John Deere With FCPA Violations For Subsidiary’s Role In Thai Bribery Scheme - Company Falsely Recorded Payments As Legitimate Expenses

Date 10/09/2024

The Securities and Exchange Commission today announced that Deere & Company, which does business as John Deere, agreed to pay nearly $10 million to resolve SEC charges that it violated the Foreign Corrupt Practices Act (FCPA) arising out of bribes paid by its wholly owned subsidiary, Wirtgen Thailand. The company is an Illinois-based global manufacturer of agricultural machinery and heavy equipment.

Not So Fast: Statement On In the Matter Of Keurig Dr Pepper Inc., SEC Commissioner Hester M. Peirce, Sept. 10, 2024

Date 10/09/2024

Is a car company’s claim—proven by company speed tests—that its top-of-the-line sports car can go from 0-60 MPH in 2.9 seconds misleading if the company knows that its more conservative drivers do not press the pedal to the metal? The Commission’s settlement with Keurig Dr Pepper Inc. (“Keurig”) would suggest that it is. The Commission’s Order finds that Keurig violated Exchange Act Section 13(a) and its accompanying Rule 13a-1, which require issuers to file complete and accurate annual reports, for making an analogous claim.[1] The disclosure standard embodied in this settlement may have the positive effect of dissuading companies from talking about immaterial items in their SEC filings, but it also will expose companies to endless second-guessing by the Commission unless they pad any statements they do make with a mountain of caveats. Accordingly, I dissent.

The Future Of Stress Testing And The Stress Capital Buffer Framework, Federal Reserve Governor Michelle W. Bowman, At The Executive Council Of The Banking Law Section Of The Federal Bar Association, Washington, D.C

Date 10/09/2024

Thank you for the invitation to join you. Given the recent conclusion of the Board's stress test, it seems timely to share my thoughts on the stress testing program. In the past, I have noted reservations about the stress testing process, so today I'd like to discuss in greater detail the benefits, challenges, and issues I would like to see resolved as the stress testing program evolves in the future.

Toronto Stock Exchange Unveils the 2024 TSX30®, Recognizing The Companies Powering Canada's Economy - Annual Ranking Highlights Top-Performing Stocks' Roles In Energy Security And Electrification, And A Shift From Growth To Value Investing

Date 10/09/2024

Toronto Stock Exchange (TSX) today announced its sixth annual TSX30®, a ranking of the top 30 performing companies based on dividend-adjusted share price performance over a three-year period. The 2024 list underscores how these companies are driving advancements in sectors such as energy, electrification, and critical minerals, while delivering strong investor returns and shaping Canada's economy.

MIAX Exchange Group - Moment Of Silence On Wednesday, September 11, 2024

Date 10/09/2024

Please be advised the MIAX Exchanges will observe one minute of silence at 9:20 AM ET on Wednesday, September 11, 2024 to honor 9/11 victims, survivors, and their families.
 

“Pro Bono Publico” Prepared Remarks Before The Peterson Institute For International Economics, SEC Chair Gary Gensler, Washington D.C., Sept. 10, 2024

Date 10/09/2024

Good morning. Thank you, Roger, for the kind introduction. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking on behalf of my fellow Commissioners or the staff.

State Bank Of Vietnam's Nguyen Thi Hong Appointed Chair Of The BIS Asian Consultative Council

Date 10/09/2024

• The Governor of the State Bank of Vietnam, Nguyen Thi Hong, has been appointed Chair of the Asian Consultative Council (ACC)
• Ms Hong starts a two-year term on 27 September 2024
• The ACC comprises the Governors of the BIS member central banks in the Asia-Pacific region

Joint statement On The UK-U.S. Financial Regulatory Working Group Meeting - September 2024

Date 10/09/2024

The tenth official meeting of the U.S.-UK Financial Regulatory Working Group (Working Group) took place in Washington, D.C., on September 3, 2024.

SIFMA Statement On Basel III Endgame U.S. Implementation

Date 10/09/2024

SIFMA issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on U.S. implementation of the Basel III Endgame, following a speech today from Federal Reserve Vice Chair for Supervision Michael Barr announcing regulators’ plan to re-propose:

“We commend the agencies for recognizing the need for both ‘broad and material revisions’ and further public comment and analysis, and we look forward to reviewing the re-proposal in detail. The original proposal received an unprecedented volume of comments raised by a diverse group of stakeholders. SIFMA has long argued that any policy changes must recognize the role of our capital markets, the deepest, most liquid and efficient, as a core component of the broader U.S. economy. Any re-proposal should make substantial improvements to market risk proposals and should be considered with the existing stress testing requirements.”