News Centre

Office of the Comptroller of the Currency: Bob Phelps Selected To Be Deputy Comptroller For Supervision Risk Management

Date 12/10/2017

The Office of the Comptroller of the Currency (OCC) today announced Bob Phelps will be its next Deputy Comptroller for Supervision Risk Management, effective October 30, 2017.

IMF Brings Policymakers Together To Foster Cooperation On FinTech

Date 12/10/2017

Representatives from over 40 advanced and emerging economies and international institutions met in Washington to discuss Fintech, the impact of technological change in the financial sector. Ministers of finance and economics, central bank governors, and other senior officials came together at the invitation of the International Monetary Fund (IMF) to share experiences and discuss potential policy and regulatory responses.

EBA Provides Guidance To Authorities And Institutions On Brexit Relocations

Date 12/10/2017

The EBA published today an Opinion on Brexit to ensure the consistent application of Union legislation to businesses seeking to establish or enhance their EU27 presence in order to retain access to the EU Single Market. The Opinion aims at providing greater certainty to firms and ultimately at ensuring a level playing field. In the Opinion, the EBA addresses a number of relevant policy topics relating to authorisations, the prudential regulation and supervision of investment firms, internal models, outsourcing, internal governance, risk transfers via back-to-back and intragroup operations, and resolution and deposit guarantee scheme issues. The EBA will monitor how the Opinion will be applied in practice by authorities and will continue its policy and risk analysis work in relation to the challenges posed by Brexit.

SEC Announces Whistleblower Award Of More Than A Million Dollars

Date 12/10/2017

The Securities and Exchange Commission today announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a registered entity that impacted retail customers.   

Torstone Technology Expands Offering Into US Market

Date 12/10/2017

Torstone Technology, a leading provider of post-trade securities and derivatives processing, today announces that Peel Hunt, an independent corporate broking, advisory and trading house focusing on mid & small-cap companies, is expanding its use of Inferno for its US business, Peel Hunt Inc.

Mizuho Americas Expands Equities Platform With Program Trading And Electronic Trading

Date 12/10/2017

Mizuho Americas today announced the establishment of Program Trading and Electronic Trading to complement the equity offerings of its securities division.

Rethinking Monetary Policy In A New Normal, Federal Reserve Governor Lael Brainard At The Panel On Monetary Policy "Rethinking Macroeconomic Policy," A Conference Sponsored By The Peterson Institute For International Economics, Washington D.C.

Date 12/10/2017

CUSIP Request Volume Signals Slowdown In Q4 Corporate Equity And Muni Bond Issuance - Continued Volatility In Pre-Trade Market Highlights Caution Among Issuers

Date 12/10/2017

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for September 2017. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, found mixed results this month. Pre-trade requests for new municipal bond and corporate equity identifiers decreased in September, while requests for new corporate debt identifiers increased during the month. This is suggestive of a possible decrease in new municipal bond and corporate equity issuance and an increase in new corporate debt issuance in the fourth quarter of 2017.

EBA Corrects Portfolio Identifiers For 2018 Benchmarking Exercise To Ensure Effective Data Validation

Date 12/10/2017

The European Banking Authority (EBA) rectified today Annex 1 of its Implementing Technical Standards (ITS) on benchmarking of internal approaches, which had been amended on 4 May 2017 to define the benchmarking portfolios for the 2018 benchmarking exercise.

Prospects For Emerging Market Economies In A Normalizing Global Economy, Federal Reserve Governor Jerome H. Powell At The 2017 Annual Membership Meeting Of The Institute Of International Finance, Washington, D.C.

Date 12/10/2017

Thank you for inviting me to speak here at the Institute of International Finance Annual Membership meeting. I am pleased to note that there have been signs lately that a sustainable global recovery may finally be materializing. This is certainly good news, although significant risks and uncertainties remain. One important question is how the emerging market economies (EMEs) will fare as global monetary conditions normalize. In our intertwined world, prospects for these economies are a significant driver of prospects for the United States and other advanced economies. In my remarks today I will argue that, despite the risks and uncertainties, EMEs are likely to manage that normalization reasonably well.