News Centre

Canadian Securities Regulators Warn Public About Entity Claiming To Regulate Derivatives

Date 24/04/2020

The Canadian Securities Administrators (CSA) is warning the public about an entity falsely claiming to regulate derivatives in Canada.

BOX Exchange: Maximum Order And Quote Quantity Protection

Date 24/04/2020

Effective April 27, 2020, BOX Exchange LLC (“BOX” or “Exchange”) will modify certain ActivityBased Protections. Specifically, BOX will increase the Maximum Order and Quote Quantity from 20,000 to 99,999. Participants may designate a specific size protection on a class-by-class basis by contacting the Market Operations Center (“MOC”). The most restrictive value (i.e., the smallest value) between the Exchange default and Participant provided value will be used.

SEC Forms Cross-Divisional COVID-19 Market Monitoring Group

Date 24/04/2020

The Securities and Exchange Commission today announced the formation of an internal, cross-divisional COVID-19 Market Monitoring Group.  This temporary, senior-level group will assist the Commission and its various divisions and offices in (1) Commission and staff actions and analysis related to the effects of COVID-19 on markets, issuers, and investors—including our Main Street investors, and (2) responding to requests for information, analysis and assistance from fellow regulators and other public sector partners. 

CFTC Provides Additional Relief To Market Participants In Response To COVID-19

Date 24/04/2020

The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) today announced that, in response to the COVID-19 (coronavirus) pandemic, it has issued additional targeted no-action relief to registrants listing new principals and to applicants for registration as associated persons (APs) from the requirement to submit a fingerprint card for any such principal or AP registration applicant.

Nigerian Stock Exchange Weekly Market Report For April 24th 2020

Date 24/04/2020

A total turnover of 1.195 billion shares worth N13.979 billion in 20,591 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.495 billion shares valued at N12.894 billion that exchanged hands last week in 20,982 deals.

BIS: Post-Crisis International Financial Regulatory Reforms: A Primer

Date 24/04/2020

Focus

We review the bank and CCP international regulatory reforms implemented after the Great Financial Crisis (GFC). The reforms have sought to bolster financial stability through both improved and new standards.

SEC: Louis Gracia And Vanessa Horton Named Associate Directors Of Investment Adviser/Investment Company Examination Program In Chicago Regional Office

Date 24/04/2020

The Securities and Exchange Commission today announced that Louis Gracia and Vanessa Horton have been named Associate Directors of the Investment Adviser/Investment Company (IA/IC) examination program in the agency's Chicago Regional Office. Together, Mr. Gracia and Ms. Horton will oversee more than 70 lawyers, accountants, and examiners responsible for inspections of SEC-registered investment advisers and investment companies in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Missouri, Ohio, and Wisconsin.

BIS: Buffering Covid-19 Losses - The Role Of Prudential Policy

Date 24/04/2020

Key takeaways

• By allowing banks to run down some of their buffers, policymakers are sending a strong signal about their resolve to lessen the economic fallout from the pandemic. Such prudential measures complement the main policy levers: monetary and fiscal instruments. 
• To avoid a reduction in credit to the real economy, authorities need to ensure that banks have the capacity and willingness to make use of the flexibility afforded by the buffer release. Payout restrictions on banks and risk-sharing between banks and the public sector will be key.
• For banks to continue playing a positive role in the supply of funding during the recovery, they should maintain usable buffers for a long period, as losses from a severe recession will take time to materialise.

Federal Reserve Board Announces Interim Final Rule To Delete The Six-Per-Month Limit On Convenient Transfers From The "Savings Deposit" Definition In Regulation D

Date 24/04/2020

The Federal Reserve Board on Friday announced an interim final rule to amend Regulation D (Reserve Requirements of Depository Institutions) to delete the six-per-month limit on convenient transfers from the "savings deposit" definition. The interim final rule allows depository institutions immediately to suspend enforcement of the six transfer limit and to allow their customers to make an unlimited number of convenient transfers and withdrawals from their savings deposits at a time when financial events associated with the coronavirus pandemic have made such access more urgent.

Bank Of England: Extension Of The Contingent Term Repo Facility (CTRF) - Market Notice 24 April 2020

Date 24/04/2020

The Bank of England is today announcing that it will continue to offer 3-month and 1-month term Contingent Term Repo Facility (CTRF) operations on a weekly basis through May 2020, with the final operation scheduled on 29 May.