News Centre

Intercontinental Exchange: Simplifile Adds 51 New Counties In 17 States To E-Recording Network

Date 18/12/2019

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that with the addition of 51 recording jurisdictions in 17 states, Simplifile’s e-recording network now contains more than 2,000 jurisdictions.

SEC Adopts Actions To Stand Up Security-Based Swap Regulatory Regime

Date 18/12/2019

The Securities and Exchange Commission today adopted a package of rule amendments, guidance, and a related order to expand and improve the framework for regulating cross-border security-based swaps, including single-name credit default swaps. The adoption of this package also stands up the Commission’s broad security-based swap regulatory regime as it triggers the compliance date for security-based swap entities to register with the Commission and the implementation period for previously adopted rules under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. These rules establish a coherent approach to the regulation of margin, capital, segregation, recordkeeping and reporting and business conduct for security-based swaps.

The European Banking Authority Calls On Banks To Consider Long-Term Horizons In Their Strategies And Business Activities

Date 18/12/2019

• The EBA highlights need to promote long-term approaches.
• A robust regulatory prudential framework is a pre-condition for long-term investments.
• Disclosure of long-term risks and opportunities should be enhanced.

Federal Trade Commission Grants Final Approval To Settlement With Former Cambridge Analytica CEO, App Developer Over Allegations They Deceived Consumers Over Collection Of Facebook Data

Date 18/12/2019

The Federal Trade Commission has granted final approval to a settlement with the former CEO of Cambridge Analytica, LLC and an app developer who worked with the company to resolve allegations they used deceptive tactics to collect personal information from tens of millions of Facebook users for voter profiling and targeting.

SEC Proposes Rules To Implement The Statutory Mandate To Adopt Resource Extraction Disclosure Rules

Date 18/12/2019

Following a series of Commission actions, court proceedings and Congressional action, the Securities and Exchange Commission today voted to propose rules that would require resource extraction issuers to disclose payments made to foreign governments or the U.S. federal government for the commercial development of oil, natural gas, or minerals. 

Finansinspektionen Opens Sanction Case In SEB Investigation

Date 18/12/2019

FI is opening a sanction case in the investigation into Skandinaviska Enskilda Banken AB’s (SEB) governance and control of measures to combat money laundering in the bank’s subsidiaries in the Baltic countries. 

EBA Publishes Final Draft Standards On Key Aspects Related To The Implementation Of The Standardised Approach For Counterparty Credit Risk

Date 18/12/2019

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on the Standardised Approach for Counterparty Credit Risk (SA-CCR). These draft RTS specify key aspects of the SA-CCR and represent an important contribution to its smooth harmonised implementation in the EU. The RTS are part of the mandates assigned to the EBA within its important role in implementing the SA-CCR and Fundamental Review of the Trading Book (FRTB) frameworks in the EU.

Financial Stability Board Report Sets Out Need To Reduce Risks To Financial Stability From LIBOR Transition

Date 18/12/2019

The Financial Stability Board (FSB) today published its annual progress report on implementation of recommendations to reform major interest rate benchmarks. The report emphasises that the continued reliance of global financial markets on LIBOR poses risks to financial stability and it calls for significant and sustained efforts by the official sector and by financial and non-financial firms across many jurisdictions to transition away from LIBOR by end-2021.

SEC Adopts Risk Mitigation Techniques For Uncleared Security-Based Swaps

Date 18/12/2019

The Securities and Exchange Commission today voted to adopt rules requiring the application of risk mitigation techniques to portfolios of uncleared security-based swaps.  New Rules 15Fi-3, 15Fi-4, and 15Fi-5 establish requirements for registered security-based swap dealers and major security-based swap participants (“SBS Entities”) to:

Federal Trade Commission Chairman Simons Announces Senior Appointments In Bureau Of Competition

Date 18/12/2019

Federal Trade Commission Chairman Joseph Simons has made two appointments to the Bureau of Competition’s senior leadership team, effective today. Simons announced that, with the approval of the Federal Trade Commission, Ian Conner will assume the position of Bureau Director effective December 20, 2019. Simons also announced that Daniel Francis will be appointed Deputy Director and will serve with current Deputy Director Gail Levine.