News Centre

SEC, MSRB, FINRA To Hold Compliance Outreach Program For Municipal Advisors

Date 16/07/2020

The Securities and Exchange Commission, Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) today announced the opening of registration for a virtual Compliance Outreach Program for Municipal Advisors.  The webcast program will be held Thursday, August 13, 2020, from 1 p.m. to 3 p.m. ET.  Additional information, including the agenda, is available on SEC.gov.  

CFTC Encourages Standardized Approaches To Assessing Cybersecurity Preparedness, Including The FSSCC Cybersecurity Profile

Date 16/07/2020

The Commodity Futures Trading Commission recognizes the benefits provided when private sector financial institutions regulated by CFTC use a standardized approach to assess and improve their cybersecurity preparedness.  Firms adopting a standardized approach are better able to track their progress over time, and to share information and best practices with their peers and with the CFTC.

BIS: Global Banks' Dollar Funding Needs And Central Bank Swap Lines

Date 16/07/2020

Key takeaways

• At $13 trillion, the gross dollar liabilities of banks headquartered outside the United States at end-2019 were nearly as high as before the Great Financial Crisis. Most of their dollar funding was booked outside the United States.
• We measure non-US banks' short-term dollar funding needs by comparing short-term dollar liabilities (including off-balance sheet FX swaps) with holdings of liquid dollar assets.
• The scale of the central bank swap lines are of similar magnitude to banks' short-term dollar funding needs. Swap line usage peaked in May at $449 billion and has subsided since. However, dollar funding needs of corporates may yet reveal a broader need for dollars outside the banking system.

EBA Supports EU Commission’s Actions Towards A More Sustainable European Economy

Date 16/07/2020

• The EBA strongly supports the Commission’s sustainable finance agenda and notes the requirement to embed environmental, social and governance (ESG) considerations into its own work;
• The EBA argues for internationally consistent disclosures based on a comprehensive taxonomy to promote market disciple and ensure investor  and customer protection;
• The EBA notes the need for a robust, evidence-based and risk-based regulatory framework and argues for a single EU data platform of ESG-related information to support evidence-based decision making by the public and private sector.

U.S. Chamber Calls On Congress To Provide Additional Support For Individuals, Families, And Employers As Pandemic Drags On - Priorities Include Temporary Liability Protection For Businesses, Support For Small And Mid-Size Employers, Financial Assistance For Childcare And K-12 Schools, Unemployment Benefits And Funding For Job Training, And Assistance To State And Local Governments

Date 16/07/2020

U.S. Chamber of Commerce CEO Thomas J. Donohue sent a letter today to congressional leaders urging swift action to combat the coronavirus pandemic and provide economic relief to families, businesses, and communities across the country.

Tier1 Financial Solutions Named Best Mobile Solutions Provider At Waters Rankings And Sell-Side Technology Awards

Date 16/07/2020

Tier1 Financial Solutions, a leading global relationship management technology provider for capital markets and banking, has been named “Best Mobile Solutions Provider'' in this year’s Waters Rankings, presented annually by Waters Technology, which took place virtually on Thursday, July 16.

Opening Remarks At The July 16, 2020 Special Meeting Of The Asset Management Advisory Committee, SEC Chairman Jay Clayton, July 16, 2020

Date 16/07/2020

I would like to welcome everyone to today’s Special Meeting of the Commission’s Asset Management Advisory Committee.  I am pleased that the Committee is able to meet today to address the important topics on today’s agenda.

Everyday Economics: The Importance Of Financial Education Post-Covid - Speech By Andrew Bailey, Governor, Bank Of England, Launch Of Money & Me Schools Resource In Conjunction With Beano, Tes And Schools North East

Date 16/07/2020

A webinar led by the Governor of the Bank of England in discussion with educationalists and young people, including the official launch of the new Money and Me primary schools resource. Hosted by Schools North East in association with Beano and TES.

ESMA Responds To European Commission Consultation On Renewed Sustainable Finance Strategy

Date 16/07/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has submitted a response to the European Commission’s (EC) consultation on the renewed sustainable finance strategy. The response covers a broad range of topics from strengthening the foundations for sustainable finance, increasing opportunities for citizens, financial institutions and corporates to have a positive impact on sustainability, to managing and reducing risks relating to environmental, social and governance (ESG) factors.

CCP12 Report: CCPs Show Strong Resilience Despite Covid-19

Date 16/07/2020

How did the cleared markets perform during the Covid-19 crisis and resulting turbulences? This question is answered in a detailed report issued by CCP12, the global association of CCPs. The report covers the wide range of markets with centralized risk management, including for instance oil, credit and interest rate derivatives.