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“The Five Principles Of Effective Cooperation In SEC Investigations,” Remarks At Securities Enforcement Forum West 2024, Gurbir S. Grewal, Director, SEC Division Of Enforcement, Silicon Valley, CA, May 23, 2024

Date 29/05/2024

Bruce [Carton, founder/editor of Securities Docket], thank you not just for the introduction, but also for the invitation to join you today.

CalPERS Votes Against ExxonMobil Directors For Anti-Shareholder Lawsuit

Date 29/05/2024

CalPERS voted against all sitting members of ExxonMobil’s board of directors, including Chief Executive Officer Darren Woods, at the company’s annual general meeting on Wednesday, May 29.

Remarks Of CFTC Chairman Rostin Behnam At The Hellenic Republic Capital Market Commission Conference “Climate In The Center Of Economy,” Athens, Greece

Date 29/05/2024

Thank you, Vasiliki, for the invitation to join you today, and to the Hellenic Capital Market Commission for hosting this year’s IOSCO Annual Meeting.

ISDA: Preparing For The Dynamic Risk Management Accounting Mode

Date 29/05/2024

The International Accounting Standards Board (IASB) has a project underway to develop a new model to account for dynamic risk management (DRM) activities under International Financial Reporting Standards (IFRS). It is widely expected that banks will need to apply this model, which could replace existing macro-hedge accounting models within IFRS. The IASB will also explore whether the DRM model could be applied to other risk types at a future date.

SEC Charges Advisory Firm Mass Ave Global And Co-Founder And CEO Winston Feng With False Statements And Undisclosed Conflicts

Date 29/05/2024

The Securities and Exchange Commission today instituted settled proceedings against formerly registered investment adviser Mass Ave Global Inc. (MassAve) and its co-founder and CEO Winston M. Feng for making false and misleading statements to investors in MassAve’s flagship opportunity fund. To settle the SEC’s charges, MassAve agreed to pay a civil penalty of $350,000, and Feng agreed to pay a civil penalty of $250,000. In addition, Feng, who is also the chief investment officer and portfolio manager at MassAve, is suspended for 12 months from industry-related work.

Finansinpektionen Intends To Extend Banks’ Risk Weights Floors For Mortgages And Commercial Real Estate Lending

Date 29/05/2024

Finansinpektionen currently assesses that risks to Swedish mortgages and commercial properties remain and these will not be fully addressed when the EU’s second banking package enters into force on 1 January 2025. Therefore, FI intends to start the process during next year to extend the risk weight floors for mortgages and commercial real estate lending to at least 2027.

Cboe Global Markets Plans To Expand Credit Futures Offering With Launch Of Cboe® iBoxx® $ Emerging Market Bond Index Futures

Date 29/05/2024

• Cboe® iBoxx® $ Emerging Market Bond Index (IEMD) futures to provide exposure to emerging market debt
• Futures expected to begin trading on June 17, subject to regulatory review
• Offering expands Cboe's current credit toolkit, which includes U.S. corporate bond futures and options on futures

Kurt Adams To Succeed Bob Santella As CEO Of IPC - New Board Chairman And Board Member Also Named

Date 29/05/2024

IPC, a leading provider of trading communications, electronic trading and infrastructure solutions for global financial markets, announced today that as part of a planned leadership transition Kurt Adams will succeed Bob Santella as CEO. Additionally, Stuart C. Harvey, Jr. has been appointed Chairman of IPC’s Board of Directors and Michael Chin has been named an IPC Board Member.

Commissioner Mersinger To Participate In A Panel At Consensus

Date 29/05/2024

SIFMA Statement On First Day Of T+1 Settlement

Date 29/05/2024

SIFMA today issued the following statement from Tom Price, managing director and head of technology, operations, and business continuity for SIFMA, on today’s T+1 settlement:

“Today is the first day of settlement of in scope trades on a T+1 timeframe, and SIFMA is optimistic about the progress of the transition to date. Today is a double settlement day, with trades from May 24th settling T+2 and trades from May 28th settling T+1. SIFMA’s T+1 Command Center is fully engaged with the broad financial services industry, discussing among the designated participants such topics as conversion status information, transparency into the activity of other participants, and issue identification and socialization. We are encouraged by the feedback from the industry. The transition is moving forward.”