News Centre

Bahamas International Securities Exchange Marks Its 20 Year Anniversary

Date 15/05/2020

The Bahamas International Securities Exchange (BISX) celebrated the 20th anniversary of it beginning trading on 12 May 2020. BISX was incorporated on September 23rd, 1999 with the aim of bringing a regulated and internationally recognized Securities Exchange to The Bahamas. Within a year after its incorporation BISX realized this goal and began its first day of trading on 12 May 2000. Beginning trading on this day also lead to BISX adopting the title “the First Stock Exchange of the 21st Century”.

Statement Of SEC Commissioner Hester M. Peirce In Response To Release No. 34-88890; File No. S7-13-19

Date 15/05/2020

I write to dissent from the financial incentive amendments to the National Market System plan governing the Consolidated Audit Trail (CAT) that the Commission is adopting today. These amendments use financial penalties to encourage plan participants to get the CAT up and running quickly after years of implementation problems. Rather than encourage the CAT’s expeditious completion, we should reconsider the project in light of the clear threat it poses to Americans’ liberty and privacy.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 15/05/2020

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased volatility in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of May 11, 2020 as indicated in the Weekly Notice. 

US Federal Bank Regulators Temporarily Change The Supplementary Leverage Ratio To Increase Banking Organizations' Ability To Support Credit To Households And Businesses In Light Of The Coronavirus Response

Date 15/05/2020

The federal bank regulatory agencies today announced temporary changes to their supplementary leverage ratio rule. The temporary modifications will provide flexibility to certain depository institutions to expand their balance sheets in order to provide credit to households and businesses in light of the challenges arising from the coronavirus response.

SEC Adopts Amendments To The CAT NMS Plan To Improve Transparency And Financial Accountability

Date 15/05/2020

The Securities and Exchange Commission today voted to adopt amendments to the national market system plan governing the consolidated audit trail (the “CAT NMS Plan”) to bring additional transparency, governance, oversight, and financial accountability to its implementation. 

US Financial Stability Report

Date 15/05/2020

This report summarizes the Federal Reserve Board’s framework for assessing the resilience of the U.S. financial system and presents the Board’s current assessment. By publishing this report, the Board intends to promote public understanding and increase transparency and accountability for the Federal Reserve’s views on this topic.

IMF Executive Board Approves A US$ 520 Million Disbursement To Jamaica To Address The COVID-19 Pandemic

Date 15/05/2020

• The IMF Executive Board approved Jamaica’s request for emergency financial assistance of about US$520 million to help meet the urgent balance-of-payments needs stemming from the COVID-19 pandemic.
• The Jamaican authorities have adopted timely and targeted measures to boost health spending and mitigate the economic impact of the pandemic, supporting jobs and vulnerable segments of the population.
• Jamaica’s established track record of economic reforms has created buffers that are invaluable today in responding to the COVID-19 crisis.

SEC Announces New Investor Advisory Committee Members

Date 15/05/2020

The Securities and Exchange Commission today announced the appointment of six new members to its Investor Advisory Committee.

CFTC Commitments Of Traders Update

Date 15/05/2020

The current reports for the week of May 12, 2020 are now available.

SEC Orders Credit Rating Agency To Pay $3.5 Million for Conflicts Of Interest Violations

Date 15/05/2020

The Securities and Exchange Commission today charged New York-based credit rating agency Morningstar Credit Ratings LLC for violating a conflict of interest rule designed to separate credit ratings and analysis from sales and marketing efforts. Morningstar has agreed to pay $3.5 million to settle the charges.