News Centre

SEC Proposes To Modernize Framework For Fund Valuation Practices

Date 22/04/2020

The Securities and Exchange Commission today announced that it has voted to propose a new rule that would establish a framework for fund valuation practices.  The rule is designed to clarify how fund boards can satisfy their valuation obligations in light of market developments, including an increase in the variety of asset classes held by funds and an increase in both the volume and type of data used in valuation determinations.

ISDA SwapsInfo First Quarter Of 2020 Review: Summary

Date 21/04/2020

The ISDA SwapsInfo Quarterly Review provides analysis of interest rate derivatives (IRD) and credit derivatives trading activity. The report provides a breakdown of cleared and non-cleared activity, swap execution facility (SEF) and off-SEF traded notional, product taxonomy and currency information. This summary provides a high-level overview of key trends in the first quarter of 2020. The full report will be published by the end of the month.

NZX Addressing Technical Issues Following A Four-Fold Jump In Share Trading Volumes

Date 21/04/2020

NZX has experienced several technical issues in the last six trading days. The root cause of these issues appears to stem from a significant increase in trading volumes – up around four-fold since early 2020 – along with an associated increase in trade messaging within the market ecosystem’s IT infrastructure.

Emerging Market Investments Entail Significant Disclosure, Financial Reporting And Other Risks- Remedies Are Limited - SEC Chairman Jay Clayton, PCAOB Chairman William D. Duhnke III, SEC Chief Accountant Sagar Teotia SEC Division of Corporation Finance Director William Hinman, SEC Division of Investment Management Director Dalia Blass - The PCAOB's Inability To Inspect Audit Work Papers In China Continues

Date 21/04/2020

Introduction

Over the past several decades, the portfolios of U.S. investors have become increasingly exposed to companies that are based in emerging markets or that otherwise have significant operations in emerging markets. This exposure includes investments in both U.S. issuers and foreign private issuers (“FPIs”) that are based in emerging markets or have significant operations in emerging markets. During this time, China has grown to be the largest emerging market economy and the world’s second largest economy.

CFTC Chairman Tarbert Discusses Crude Oil Futures On CNBC’s Squawk Alley

Date 21/04/2020

Commodity Futures Trading Commission Chair Heath Tarbert joins “Squawk Alley” to discuss the moves in the oil futures market.

IIROC: COVID-19 And Cybersecurity – Tips For Advisors And Employees

Date 21/04/2020

On March 30, we issued a notice to IIROC Dealer Members alerting them to the increased risk of cybersecurity attacks related to the COVID-19 pandemic. Cyber criminals are focusing now on individuals particularly people who are working remotely.

New York State Department of Financial Services Superintendent Linda A. Lacewell's Op-Ed In Daily News: Helping Main Street, Not Wall Street, Recover From The Coronavirus

Date 21/04/2020

Now, as in 2008, New York is the epicenter of a crisis with seismic financial repercussions, and New Yorkers are fighting to protect our households and small businesses. But as the federal government tries to stimulate the economy, Main Street is once again taking a backseat to Wall Street.

Breckinridge Capital Advisors Selects ICE Climate Risk, Powered By risQ To Provide Data And Analytics For The Municipal Bond Market

Date 21/04/2020

Intercontinental Exchange, Inc. (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that Breckinridge Capital Advisors has selected ICE Climate Risk, Powered by risQ, to provide climate risk data and analytics on the municipal bond market. ICE Climate Risk was launched by ICE Data Services and risQ to provide innovative climate risk analytics, to enable the municipal bond ecosystem to incorporate climate risk into project and investment decisions.

LabCFTC Launches “Project Streetlamp” Science Prize Competition - Seeking To Enhance Enforcement Capabilities, CFTC Launches Inaugural Competition Under The Science Prize Competition Act

Date 21/04/2020

The Commodity Futures Trading Commission today announced its inaugural competition under the Science Prize Competition Act of 2015, called Project Streetlamp. Under the Science Prize Competition Act, the CFTC may sponsor contests in order to stimulate innovation that can advance the CFTC’s goals. 

BIS - Identifying Regions At Risk With Google Trends: The Impact Of Covid-19 On US Labour Markets

Date 21/04/2020

Key takeaways

• Information on local labour markets and Google searches can be used to construct a measure of the vulnerability of employment in different regions of the United States to the Covid-19 shock. 
• Regional exposure to Covid-19 varies significantly, ranging from a low of 2% to a high of 98% of total local employment.
• We test for the usefulness of the Covid-19 exposure measure by showing that areas with higher exposure report more Google search queries related to the pandemic and unemployment benefits.