News Centre

SGX Reports Market Statistics For June 2019

Date 09/07/2019

Regulation Best Interest And The Investment Adviser Fiduciary Duty: Two Strong Standards That Protect And Provide Choice For Main Street Investors, SEC Chairman Jay Clayton, Boston, Massachusetts, July 8, 2019

Date 08/07/2019

Good evening and thank you for being here.

As many of you know, in June, the Securities and Exchange Commission adopted a package of rules and interpretations that will enhance the quality and transparency of retail investors’ relationships with broker-dealers and investment advisers. Importantly, they bring the legal requirements and mandated disclosures for broker-dealers and investment advisers in line with reasonable investor expectations. These actions do not attempt to favor one type of service or relationship. Rather, they are designed to increase investor protection while preserving access for Main Street investors—both in terms of choice and cost—to a variety of investment services and products.

B3: Ibovespa Breaks New Record And Reaches 104.530 Points

Date 08/07/2019

B3’s market performance index – Ibovespa – hit a record high today ending the day at 104.530  points, up 0.42% from last trading session.

CFTC Staff Issues Report Regarding The Swap Dealer De Minimis Exception And On-Venue And Cleared Swaps

Date 08/07/2019

The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a report that presents data and analysis regarding the swap dealer de minimis exception, with a specific focus regarding on-venue and cleared swaps. 

Joint Staff Statement On Broker-Dealer Custody Of Digital Asset Securities - Division Of Trading And Markets, U.S. Securities And Exchange Commission - Office Of General Counsel, Financial Industry Regulatory Authority

Date 08/07/2019

Market participants have raised questions concerning the application of the federal securities laws and the rules of the Financial Industry Regulatory Authority (“FINRA”) to the potential intermediation—including custody—of digital asset securities and transactions.  In this statement, the staffs of the Division of Trading and Markets (the “Division”) and FINRA (collectively, the “Staffs”)—drawing upon key principles from their historic approach to broker-dealer regulation and investor protection—have articulated various considerations relevant to many of these questions, particularly under the SEC’s Customer Protection Rule applicable to SEC-registered broker-dealers.

CFTC Commitments Of Traders Reports Update

Date 08/07/2019

The current reports for the week of July 2, 2019 are now available.

FINRA: Joint Statement On Broker-Dealer Custody Of Digital Asset Securities

Date 08/07/2019

Market participants have raised questions concerning the application of the federal securities laws and the rules of the Financial Industry Regulatory Authority (“FINRA”) to the potential intermediation—including custody—of digital asset securities and transactions. In this statement, the staffs of the Division of Trading and Markets (the “Division”) and FINRA (collectively, the “Staffs”)—drawing upon key principles from their historic approach to broker-dealer regulation and investor protection—have articulated various considerations relevant to many of these questions, particularly under the SEC’s Customer Protection Rule applicable to SEC-registered broker-dealers.

Statement Of CFTC Commissioner Brian Quintenz Regarding DSIO Staff Report On The Swap Dealer De Minimis Exception

Date 08/07/2019

In connection with the Commission’s adoption of a permanent $8 billion gross notional de minimis threshold in November 2018, the Chairman directed staff within the Division of Swap Dealer and Intermediary Oversight (DSIO) to continue their analysis of possible alternatives for the de minimis exception, including the impact of removing cleared swaps. The staff report issued today elucidates two fundamental facts about the de minimis exception. First, the report shows that the removal of exchange-traded and cleared swaps from the de minimis calculation would result in no reduction of regulatory coverage. Second, the report highlights once again the glaring deficiencies of using notional value as the registration threshold triggering swap dealer registration.

Finansinspektionen: Decision Regarding The Countercyclical Buffer Rate

Date 08/07/2019

Finansinspektionen (FI) decided on 5 July not to change the countercyclical buffer rate. The buffer rate of 2.5 per cent, which will be applied as of 19 September 2019, shall thus continue to apply. The countercyclical buffer guide is set at 0.04 per cent.

EBA Assesses Impact Of FinTech On Payment Institutions' And e-Money Institutions' Business Models

Date 08/07/2019

The European Banking Authority (EBA) published today a thematic Report on the impact of FinTech on payment institutions' (PIs) and electronic money institutions' (EMIs) business models. This Report points out the EBA's key observations on PIs' and EMIs' strategies and business model changes, in particular focusing on the current trends and drivers, the different approaches to FinTech, including their interaction with BigTech firms, and the level of implementation of innovative technologies. The Report, which is in line with the priorities listed in its FinTech Roadmap, does not foresee or intend to model scenarios for potential future development of institutions. The Report aims to share knowledge and provide support to supervisors and other stakeholders in identifying and understanding the main trends that could impact PIs' and EMIs' business models and pose potential challenges to their sustainability.