News Centre

SEC Appoints New Jersey Attorney General Gurbir S. Grewal As Director Of Enforcement

Date 29/06/2021

The Securities and Exchange Commission today announced that Gurbir S. Grewal has been appointed Director of the Division of Enforcement, effective July 26, 2021. Grewal currently serves as Attorney General for the State of New Jersey, a role he has held since January 2018, when he was confirmed by the New Jersey State Senate after being nominated by Governor Phil Murphy.

Opening And Intra-Day Quote Width Requirements And MIAX Order Monitor Settings For Certain Symbols Trading On MIAX Options And MIAX Emerald Beginning Thursday, July 1, 2021 Through Thursday, September 30, 2021

Date 29/06/2021

MIAX Options and MIAX Emerald have extended the Opening and Intra-day Quote Width requirements for certain symbols traded on the exchanges through Thursday, September 30, 2021. Please refer to the following for further details.

• MIAX Options Regulatory Circular 2021-34
• MIAX Emerald Regulatory Circular 2021-31

Statement Regarding Neovest, Inc., SEC Commissioner Hester M. Peirce, June 29, 2021

Date 29/06/2021

A majority of the Commission has found that Neovest, Inc. violated Section 15(a)(1) of the Exchange Act of 1934 by failing to register as a broker.

Readout: US Secretary Of The Treasury Janet L. Yellen’s Call With Finance Minister Of India Nirmala Sitharaman

Date 29/06/2021

Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Finance Minister of India Nirmala Sitharaman. Secretary Yellen discussed that the United States and India have a shared interest in implementing a robust global minimum tax. The Secretary stressed the importance of partnership with India in the G20 and OECD to seize a once-in-a-generation opportunity to remake the international tax system to help the global economy thrive.

Moscow Exchange: Risk Parameters On Securities Market

Date 29/06/2021

CCP NCC sets the following risk parameters on Securities market starting from June 30, 2021:

Keynote Address Of CFTC Commissioner Dawn D. Stump: Back To The Future – The Year 1999

Date 29/06/2021

Overview

The Greek philosopher Heraclitus is credited with the oft-cited saying that change is the only constant in life.  This idea seems particularly pertinent to our financial markets—which probably explains why I have been asked to speak today about how regulators adapt to changing market structure.  Before I begin, though, please allow me to remind you that the views I express today in these remarks are my own and do not represent the views of the Commodity Futures Trading Commission (CFTC or Commission) or my fellow Commissioners.

Moscow Exchange: Risk Parameters Change For The Securities

Date 29/06/2021

The following risk parameters will be changed:

CFTC Staff Issues Interpretation To Swap Dealers Regarding Calculating Capital Requirements

Date 29/06/2021

The Commodity Futures Trading Commission’s Market Participants Division today issued an interpretation concerning capital and financial reporting obligations for swap dealers (SDs) and major swap participants (MSPs) that compute minimum capital requirements based on the respective firm’s tangible net worth.

2021 Paris Europlace – Studio Gabriel, Paris Roads For The Future: Central Bank Digital Currency (CBDC) And Innovative Payments - Closing Address By François Villeroy De Galhau,, Governor Of The Banque De France

Date 29/06/2021

It is a pleasure to be with you today streamed live from Studio Gabriel. I would like to extend my warmest thanks to Paris Europlace for having maintained through the crisis this fruitful dialogue with all stakeholders. Before turning to my main point today, I want to stress the resilience of our French financial institutions, which have played a decisive role in helping our economy weather the crisis. It was popular a year ago to predict a financial apocalypse, and certain Europeans, prone to self-flagellation, are still doing so today, whereas the Americans are more self-confident. The reality speaks for itself: French banks’ CET1 was higher at the end of the first quarter of 2021 (15%) than it was before the crisis; their profitability, however still insufficient, has improved sharply in this Q1; in general, French banks are in no way underprovisioned. France and Europe are not facing a “tsunami of bankruptcies”, and should, on the contrary, see a strong recovery: cumulative growth of more than 10% over 2021 and 2022. So we need to remain vigilant, but let’s stop scaring ourselves. This roughly reassuring situation is in no way a call for complacency and status quo. The Covid-19 crisis is acting as an accelerator for the major structural challenges banks and insurers are facing. These challenges are also putting creative pressure on central banks and supervisors. And I will elaborate today on how to catalyse our efforts together on one “road for the future” towards innovative payments and CBDC.

EBA Assesses Benefits, Challenges And Risks Of Regtech Use In The EU And Puts Forward Steps To Be Taken To Support Sound Adoption And Scale-Up Of RegTech Solutions

Date 29/06/2021

The European Banking Authority (EBA) published today an analysis of the current RegTech landscape in the EU. The Report assesses the overall benefits and challenges faced by financial institutions and RegTech providers in the use of RegTech. It also identifies potential risks arising from RegTech solutions that supervisors will need to address and proposes actions designed to enhance knowledge and skills in competent authorities. These actions also aim to ensure technological neutrality in regulatory and supervisory approaches to RegTech, whilst addressing any inadvertent obstacles within the Single Market to facilitate the adoption of RegTech across the EU.