News Articles

Kevin Warsh Takes Oath Of Office As Chairman And A Member Of The Board Of Governors Of The Federal Reserve System, And The Federal Open Market Committee Unanimously Selects Warsh As Its Chairman

Fri, 22 May 2026 22:35:43 GMT

Kevin Warsh on Friday took the oath of office as chairman and a member of the Board of Governors of the Federal Reserve System.

Also on Friday, the Federal Open Market Committee unanimously selected Warsh as its chairman.

President Donald J. Trump nominated Mr. Warsh on March 4, 2026. He was confirmed by the United States Senate to serve as a member of the Board on May 12, and as chairman of the Board on May 13. His term as chairman ends on May 21, 2030, and his term as a member of the Board ends on January 31, 2040.

A biography of Chairman Warsh is available on the Board's website.

Nadex Product Schedule For The Week Of May 25, 2026 For The 2026 Memorial Day Holiday

Sat, 23 May 2026 06:21:00 GMT

Notice Type: Exchange

Notice ID: 1991.05222026

2026

Nadex will observe the following holiday schedule for the 2026 Memorial Day.

Monday, May 25, 2026:

The Exchange will open at its regular time at 6:00pm ET on Sunday evening for trade date Monday, May 25th, 2026.

Cryptos will observe their regular schedule.

Industry Event - Live Presentations - NAICS 711 will observe their regular schedule

Tuesday, May 26, 2026: The Exchange will observe normal business hours.

Wednesday, May 27, 2026: The Exchange will observe normal business hours.

Thursday, May 28, 2026: The Exchange will observe normal business hours.

Friday, May 29, 2026: The Exchange will observe normal business hours.

In accordance with the Nadex Notice ID: 1990.05152026 - Nadex Upcoming System Update and Temporary Delisting of Contracts - FX, Indices, and Commodities Event Contracts have been temporarily paused and will remain unavailable until further notice.

Additionally, please note, Nadex is extending the Illiquid Markets coverage to Cryptocurrency products for trade date May 25, 2026. As such, Nadex authorized Market Makers operating pursuant to a Market Maker Agreement will be relieved of their quoting obligations relating to size on trade date May 25, 2026, from 6:00pm ET on calendar date May 24, 2026, to 5:00pm ET on calendar date May 25, 2026. A Market Maker(s) that elects to quote in any Cryptocurrency markets during this period will be required to comply with the spread obligations set forth in its Market Maker Agreement.

Please refer to the Holiday Product Schedule Guidelines for specific product trading hours.

Should you have any questions or require further information, please contact the Compliance Department.

Comptroller Of The US Currency Issues Statement Explaining Abstention From FDIC Vote On Resolution Plan Feedback

Fri, 22 May 2026 22:40:52 GMT

Comptroller of the Currency Jonathan V. Gould issued the following statement today on his abstention from the Federal Deposit Insurance Corporation (FDIC) vote on feedback concerning the July 2025 Dodd-Frank Act Section 165(d) resolution plans:

I am abstaining from voting on the FDIC staff’s proposal regarding the resolution plans of the U.S. global systemically important banks (GSIBs) because I believe that there are fundamental issues with the current resolution planning processes that continue to be unaddressed.

Five months ago, I gave a speech detailing some of the legal and conceptual issues that I have with resolution planning at both the bank and holding company level, noting the limited value of the planning process and the plans themselves, and advocating for significant reforms. Many people expressed their agreement with and appreciation for that speech, and my concerns have not changed. That said, I believe we are making progress reforming the FDIC’s CIDI resolution plan requirements. But we have yet to focus on the section 165(d) resolution plans, and my vote today reflects that.

I acknowledge and appreciate the work of both agencies on the draft feedback letters today. I also appreciate that the proposed feedback letters themselves are relatively benign compared to prior feedback letters. There are no new “shortcomings” or deficiencies identified and, although I would welcome the insights of others, the expectations identified did not seem overly burdensome compared to prior years.

Nonetheless, the letters are based on, and perpetuate, a seriously flawed and, in my opinion, extralegal process. As I discussed in my speech, the agencies have a history of imposing binding, onerous requirements of questionable provenance and efficacy without prior notice or opportunity for comment. Resolution planning concepts that appeared for the first time in resolution feedback letters and guidance include the costly and complicated capital and liquidity requirements commonly referred to as “RCAP,” “RCEN,” “RLAP” and “RLEN.” Today’s feedback letters discuss firms’ compliance with more requirements created via prior feedback letters, such as “assurance” and “contingency strategies.”

The Federal Reserve and FDIC’s 2024 feedback letters to the U.S. GSIBs announced that they expect the firms to develop an “assurance framework” for resolution capabilities, which was to be composed of at least the five elements identified in the feedback letters. The agencies’ resolution planning process has gone from planning to planning plus capabilities to planning plus capabilities plus assurance of capabilities. Although I hope that these assurance frameworks will result in less agency examination of resolution capabilities, we have no “assurance” that adding requirements via feedback letters will end here.

Similarly, the proposed feedback letters discuss “contingency strategies” that describe how the firms can support critical operations “through a range of alternative resolution scenarios when financial resources are significantly lower than the execution needs after the Covered Company files for bankruptcy.” Although I continue to have legal and policy concerns with the capital and liquidity requirements for resolution planning, I do not believe the answer to those concerns is imposing even more planning and other requirements on firms. We should not continue to pursue attempts to eliminate the risk that the failure of a GSIB will not go according to a resolution plan; it will almost certainly not.

Looking forward, the letters leave undefined what the scope of review and anticipated areas of focus are for next year’s resolution plans, although it appears to involve additional “capabilities” testing. As I stated in my speech, I am skeptical that there is much incremental value in this exercise. We need to, instead, extend the time between submissions and take a hard look at the resolution planning “guidance” and other feedback that has led to binding requirements and significant burden without commensurate value.

A round of relatively benign feedback letters shows that we have treated a symptom of a flawed process but not the flaws themselves. I believe we can agree on at least some of those flaws and that we can therefore address them. Now is the time to do so.

The Federal Deposit Insurance Corporation And The Federal Reserve Board Publish Resolution Plan Feedback Letters For Certain Domestic And Foreign Banking Organizations

Fri, 22 May 2026 22:38:03 GMT

The Federal Deposit Insurance Corporation and the Federal Reserve Board today published feedback letters for several resolution plans submitted in July 2025.

Resolution plans, also known as living wills, must describe a banking organization's strategy for orderly resolution in the event of material financial distress or failure. The agencies conducted a joint review of the 2025 resolution plan submissions from the eight largest and most complex domestic banking organizations as well as from 56 foreign banking organizations. The agencies did not identify any shortcomings or deficiencies in these resolution plan submissions.

The agencies also determined that each derivatives-related weakness identified in the 2023 plans from Bank of America, Goldman Sachs, JPMorgan Chase, and Citigroup has been satisfactorily addressed.

Bank of America Corporation 2025 Resolution Plan Feedback Letter (PDF)

Bank of New York Mellon Corporation 2025 Resolution Plan Feedback Letter (PDF)

Citigroup Inc. 2025 Resolution Plan Feedback Letter (PDF)

The Goldman Sachs Group 2025 Resolution Plan Feedback Letter (PDF)

JPMorgan Chase & Co. 2025 Resolution Plan Feedback Letter (PDF)

Morgan Stanley 2025 Resolution Plan Feedback Letter (PDF)

State Street Corporation 2025 Resolution Plan Feedback Letter (PDF)

Wells Fargo & Company 2025 Resolution Plan Feedback Letter (PDF)

HSBC North America Holdings, Inc. 2025 Resolution Plan Feedback Letter (PDF)

Template Letter to Foreign Banking Organizations that Filed Resolution Plans for the First Time On or Before July 1, 2025 (PDF)

Template Letter to 53 Foreign Banking Organizations that Filed Resolution Plans on or before July 1, 2025 (PDF)

CFTC Commitments Of Traders Reports Update

Fri, 22 May 2026 20:54:16 GMT

The current reports for the week of May 19, 2026 are now available. Report data is also available in the CFTC Public Reporting Environment (PRE), which allows users to search, filter, customize and download report data.

Additional information on Commitments of Traders (COT) | CFTC.gov

CFTC Public Reporting Environment (PRE)

MIAX Exchange Group - Options Markets - Market For Underlying Security Used For Openings On MIAX Options, MIAX Pearl Options, MIAX Emerald Options, And MIAX Sapphire Options For Newly Listed Symbols Effective Tuesday, May 26, 2026

Fri, 22 May 2026 20:03:11 GMT

Please refer to the Regulatory Circulars listed below for newly added symbols and the corresponding market for the underlying security used for openings on the MIAX Exchanges. The newly listed symbols will be available for trading beginning Tuesday, May 26, 2026.

MIAX Exchange Group - Options Markets - New Listings Effective For May 26, 2026

Fri, 22 May 2026 20:55:49 GMT

The attached option classes will begin trading on the MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange, and MIAX Sapphire Options Exchange on Tuesday, May 26, 2026.

Market Makers can use the Member Firm Portal (MFP) to manage their option class assignments. All LMM and RMM Option Class Assignments must be entered prior to 6:00 PM ET on the business day immediately preceding the effective date. All changes made after 6:00 PM ET on a given day will be effective two trading days later.

MIAX Options and MIAX Emerald Options Primary Lead Market Maker (PLMM) assignments and un-assignments will not be supported via the MFP.

Nigerian Exchange Weekly Market Report For The Week Ended 22 May 2026

Fri, 22 May 2026 20:08:50 GMT

A total turnover of 3.875 billion shares worth ₦161.757 billion in 334,745 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 7.772 billion shares valued at ₦374.040 billion that exchanged hands last week in 402,945 deals.

Click here for full details.

Nasdaq Announces Semi-Annual Changes To The OMX Stockholm 30™ Index

Fri, 22 May 2026 20:00:39 GMT

Nasdaq (Nasdaq: NDAQ) announced today the results of the semi-annual review of the OMX Stockholm 30™ Index, (Nasdaq Stockholm: OMXS30™), which will become effective at market open on Monday, June 1, 2026.

As a result of the semi-annual review, there are no changes to the OMXS30 index constituents.

The OMX Stockholm 30™ Index measures the performance of a selection of the largest and most traded securities listed on Nasdaq Stockholm AB. The Index is reviewed semi-annually in June and December.

For a list of current Index Securities please refer to Nasdaq's Global Index Watch.

For more information, please refer to the OMX Stockholm 30 Index Methodology.

Nasdaq Announces Semi-Annual Changes To The OMX Helsinki Benchmark™ Index

Fri, 22 May 2026 19:57:22 GMT

Nasdaq (Nasdaq: NDAQ) announced today the results of the semi-annual review of the OMX Helsinki Benchmark™ Index, (Nasdaq Helsinki: OMXHB), which will become effective at market open on Monday, June 01, 2026.

The following security will be added to the Index: Framery Group Oyj (FRAMERY), F-Secure Oyj (FSECURE), Kalmar Oyj B (KALMAR), Kreate Group Plc (KREATE), and Sitowise Group Plc (SITOWS).

The OMX Helsinki Benchmark™ Index measures the performance of a selection of the largest and most traded securities listed on Nasdaq Helsinki Ltd. The Index is reviewed semi-annually in June and December.

As a result of the semi-annual review, the following securities will be removed from the Index: Bittium Corporation (BITTI), Citycon Oyj (CTY1S), Gofore Plc (GOFORE), NoHo Partners Oyj (NOHO), SSAB AB ser. B (SSABBH), and Terveystalo Plc (TTALO).

For more information, please refer to the OMX Helsinki Benchmark Index Methodology.

For a list of current Index Securities please refer to Nasdaq's Global Index Watch.