News Centre

Opening Statement Of CFTC Chairman Heath P. Tarbert Before The Technology Advisory Committee Meeting

Date 16/07/2020

Good morning, and thank you all for attending this Technology Advisory Committee (TAC) meeting via teleconference. I would especially like to thank Commissioner Quintenz and his staff for convening this meeting. I am also grateful to Meghan Tente, the Designated Federal Officer for the TAC, for organizing the meeting. And of course, I must thank Richard Gorelick for serving as the TAC Chair, and all the TAC members for taking the time to share your valuable perspectives.

British Columbia Securities Commission Panel Orders More Than $6 Million In Sanctions Against Richmond Residents And B.C. Companies For Ponzi Fraud And Other Wrongdoing

Date 16/07/2020

The British Columbia Securities Commission (BCSC) ordered two B.C. residents and two companies to pay a total of $6.3 million for committing fraud through a Ponzi scheme. 

ESMA Publishes Translations For Guidelines On Liquidity Stress Testing In UCITS And AIFs

Date 16/07/2020

Eurex Exchange's Quarterly Equity Derivatives Highlights - Q2/2020

Date 16/07/2020

Opening Statement Of Commissioner Brian Quintenz Before The CFTC Technology Advisory Committee

Date 16/07/2020

Good morning and welcome to our sixth meeting of the Technology Advisory Committee (TAC or Committee).  Before we begin, I would like to express my gratitude to all of the Committee and subcommittee members for so generously giving their time to participate today – especially in light of the additional challenges presented by preparing and holding this meeting remotely.

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.