News Centre

BOX Exchange: Annual SIFMA BCP/ Reg SCI Test – October 24, 2020

Date 25/09/2020

In coordination with other market centers and in support of Regulation SCI, BOX Exchange LLC (“BOX”) will be participating in the annual SIFMA BCP Test on Saturday, October 24, 2020.

Statement Of CFTC Chairman Heath P. Tarbert On FSOC’s Activities-Based Review Of Secondary Mortgage Market Activities

Date 25/09/2020

I am pleased to support the FSOC’s activities-based review of secondary mortgage market activities, and in particular the activities of Fannie Mae and Freddie Mac (collectively, “the GSEs”) as the dominant private secondary market providers of liquidity.  When the GSEs collapsed in the summer of 2009, the American people were left holding the bag.  Furthermore, the subsequent Dodd-Frank Act scarcely mentioned the GSEs—let alone made any attempt to reform them.  Additional legislative attempts were made by both sides of the aisle, but all have failed.  That leaves it to us, the FSOC, to address the potential systemic risk posed by the GSEs.

Nigerian Stock Exchange Weekly Market Report For September 25th 2020

Date 25/09/2020

A total turnover of 1.567 billion shares worth N20.559 billion in 18,396 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.139 billion shares valued at N12.692 billion that exchanged hands last week in 17,109 deals.

Federal Reserve Board Amends Implementation Date Of Modifications To Reserve Bank Payment Services And Corresponding Changes To The Policy On Payment System Risk

Date 25/09/2020

The Federal Reserve Board on Friday announced that it is amending the implementation date for modifications to the Federal Reserve Banks' payment services to facilitate adoption of a later same-day automated clearinghouse (ACH) processing and settlement window and for corresponding changes to the Federal Reserve Policy on Payment System Risk (PSR policy).

SEC Charges Top Executive Of California Microcap Company For Misleading Claims Concerning COVID-19 Test And Financial Statements

Date 25/09/2020

The Securities and Exchange Commission today charged Mark Schena, the President and Chief Science Officer of Arrayit Corporation, for making allegedly false and misleading statements concerning Arrayit's development of a COVID-19 blood test and its intention to resolve its delinquency in filing required periodic reports with the SEC.

Brigitte Trafford Joins LSEG As Chief Communications And Marketing Officer

Date 25/09/2020

London Stock Exchange Group (LSEG) announces today that Brigitte Trafford is joining the Group as Chief Communications and Marketing Officer and a member of the LSEG Executive Committee, reporting to David Schwimmer, CEO. In this newly created role, Brigitte will lead the Group’s Communications, Government Relations, Regulatory Strategy and Marketing functions.  

EBA Launches EU-Wide Transparency Exercise

Date 25/09/2020

The European Banking Authority (EBA) launched today its 7th annual EU-wide transparency exercise, with the objective of providing market participants with updated information on the financial conditions of EU banks as of June 2020, thus assessing the preliminary impact of the COVID-19 crisis on the sector. The EBA expects to publish the results of this exercise at the beginning of December, along with the Risk Assessment Report. 

BIS: Basel Committee Approves Annual G-SIBs Assessment, Updates Workplan To Evaluate Post-Crisis Reforms

Date 25/09/2020

• Basel Committee discusses Covid-19 risks to banking system; reiterates importance of using capital and liquidity buffers.
• Approves annual assessment exercise for global systemically important banks (G-SIBs).
• Updates its workplan to evaluate its post-crisis reforms to incorporate lessons learned from the Covid-19 crisis.

Keynote Address: Regulating With Our Eyes On The Future, Dalia Blass, Director, SEC Division Of Investment Management, Washington D.C., Sept. 24, 2020

Date 25/09/2020

Investment Company Institute 2020 Virtual Securities Law Developments Conference

Introduction

Good morning and thank you Dorothy Donohue for inviting me to speak with you today. I appreciate the opportunity to talk about how the Division is working to modernize the fund industry’s regulatory framework in a way that seeks to anticipate, or at least accommodate, future trends and developments.

Finansinspektionen Proposes Amended Rules And A Change In The Application Of Banks’ Capital Requirements

Date 25/09/2020

FI is proposing regulatory amendments and a change in the application of capital requirements for Swedish banks in order to adapt to the EU’s so-called banking package.