News Centre

SIFMA Statement On Basel III Endgame U.S. Implementation

Date 10/09/2024

SIFMA issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on U.S. implementation of the Basel III Endgame, following a speech today from Federal Reserve Vice Chair for Supervision Michael Barr announcing regulators’ plan to re-propose:

“We commend the agencies for recognizing the need for both ‘broad and material revisions’ and further public comment and analysis, and we look forward to reviewing the re-proposal in detail. The original proposal received an unprecedented volume of comments raised by a diverse group of stakeholders. SIFMA has long argued that any policy changes must recognize the role of our capital markets, the deepest, most liquid and efficient, as a core component of the broader U.S. economy. Any re-proposal should make substantial improvements to market risk proposals and should be considered with the existing stress testing requirements.”

SEC Announces Six New Investor Advisory Committee Members

Date 10/09/2024

The Securities and Exchange Commission today announced six new members to fill vacancies on its Investor Advisory Committee. The new members, who will serve four-year terms, join 17 current committee members. The committee, established under the Dodd-Frank Wall Street Reform and Consumer Protection Act, advises the Commission on regulatory priorities and initiatives to protect investors and promote the integrity of the U.S. securities markets.

Financial Stability At Your Service − Speech By Sarah Breeden, Bank Of England, Deputy Governor, Financial Stability Based On Remarks Given At Wharton-IMF Transatlantic Dialogue, Washington DC

Date 10/09/2024

In these remarks – published alongside a companion article by Bank staff – Sarah Breeden talks about the Bank’s work on financial stability. She makes the case for policymakers to focus on the provision of vital services, which requires a better understanding of the dynamics of the system not just a focus on individual institutions. She also talks about the relationship between financial stability and economic growth.

MIAX Exchange Group - Options & Equities Markets - Reminder: Reg SCI / SIFMA BCP Pre-Test On Saturday, September 14, 2024

Date 10/09/2024

Overview:

As previously announced in the April 3, 2024 Alert, the MIAX Exchange Group will be participating in the 2024 SIFMA BCP Testing on Saturday, October 5, 2024.  All Members that are required to test with MIAX Options, MIAX Pearl Options, MIAX Emerald Options and/or MIAX Pearl Equities Exchanges in accordance with Regulation Systems Compliance and Integrity (Regulation SCI) were notified on April 2nd and April 3rd, 2024.  However, all Members are encouraged to test. 

Euronext Announces September 2024 Quarterly Review Results Of The AEX® Family

Date 10/09/2024

Euronext today announced the results of the September 2024 quarterly review for the AEX®, AMX®, AScX® and AEX® ESG, which will be implemented after markets close on Friday 20 September 2024 and will be effective from Monday 23 September 2024.

The Next Steps On Capital, Vice Chair For Supervision Michael S. Barr, At The Brookings Institution, Washington, D.C.

Date 10/09/2024

Thank you for inviting me to speak today. Since I joined the Federal Reserve Board as Vice Chair for Supervision, I have spoken many times about the importance of bank capital to the safety and soundness of banks and the stability of the financial system. It is critical that banks have the capacity to continue lending to households and businesses through times of stress. Bank capital is a key component of this resilience. And bank capital rules help to ensure that banks are holding capital commensurate with the risks of their activities and the risks that they pose to the U.S. financial system. But capital has costs too. As compared to debt, capital is a more expensive source of funding to the bank. Thus, higher capital requirements can raise the cost of funding to a bank, and the bank can pass higher costs on to households, businesses, and clients engaged in a range of f

ESAs Warn Of Risks From Economic And Geopolitical Events

Date 10/09/2024

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) today issued their Autumn 2024 Joint Committee Report on risks and vulnerabilities in the EU financial system. The Report underlines ongoing high economic and geopolitical uncertainties. The ESAs warn national supervisors of the financial stability risks stemming from these uncertainties and call for continued vigilance from all financial market participants. For the first time, the Report also includes a cross-sectoral deep dive into credit risks in the financial sector.

Miami International Holdings Reports Trading Results For August 2024 - YTD Volumes Reach Record Levels On MIAX Options, MIAX Emerald And MIAX Pearl Equities Exchanges

Date 10/09/2024

Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today reported August 2024 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® MIAX Emerald®, and MIAX SapphireTM (collectively, the MIAX Exchange Group), and Minneapolis Grain Exchange (MGEX™).

SEC Charges Keurig With Making Inaccurate Statements Regarding Recyclability Of K-Cup Beverage Pod

Date 10/09/2024

The Securities and Exchange Commission today charged Keurig Dr Pepper Inc. with making inaccurate statements regarding the recyclability of its K-Cup single use beverage pods. To settle the SEC’s charges, Keurig agreed to pay a $1.5 million civil penalty.

FTSE Russell: Cautious On Economy & The Election, US Investors Empowered By Index Funds & Financial Advisors

Date 10/09/2024

• FTSE Russell US Wealth survey finds US presidential election tops list of investors’ concerns - nearly all believe election will impact their finances but only 21% will adjust their portfolios.
• Index funds making investors more assured: Investors in index funds are three times more likely to be optimistic about the likely performance of their portfolios over the next 12 months.
• Investors with advisors are more confident this election year, being more likely to have a positive outlook for their portfolios, and more satisfied with their portfolios’ performance over the last 12 months compared to those without advisors. 
• Investors’ interest in index funds presents opportunity for financial advisors.