News Centre

FIA November 2023 SEF Tracker

Date 07/12/2023

US Secretary Of The Treasury Janet L. Yellen And Mexico’s Secretary Of Finance And Public Credit Rogelio Ramírez De La O Announce Intent To Establish Bilateral Working Group On Foreign Investment Review

Date 07/12/2023

On December 7, 2023, U.S. Secretary of the Treasury, Janet L. Yellen, and Mexico’s Secretary of Finance and Public Credit, Rogelio Ramírez de la O, signed a Memorandum of Intent (MOI) to affirm the importance of foreign investment screening in protecting national security and express their desire to establish a bilateral working group for regular exchanges of information about how investment screening can best protect national security.

Remarks By US Secretary Of The Treasury Janet L. Yellen At Press Conference following Bilateral Meeting With Secretary Of Finance And Public Credit Rogelio Ramírez de la O Of Mexico

Date 07/12/2023

Good afternoon. It’s been a pleasure to be here in Mexico over the past two days for my first visit to Latin America as Treasury Secretary. I’ve had productive discussions that are moving the ball forward on many key priorities.

ISDA, The Swap, Episode 36: The EU Regulatory Agenda

Date 07/12/2023

Key pieces of EU financial market regulation have been reviewed, resulting in several key changes. What will this mean for derivatives market participants? ISDA speaks to ESMA executive director Natasha Cazenave.

ISDA: Economic Sanctions Programs & Derivatives

Date 07/12/2023

ISDA published its whitepaper (available here) in 2019 to inform market participants and regulators of the unique challenges that economic sanctions programs could present to over-the-counter (OTC) derivatives markets.  Since that time, there has been a significant increase in the use of economic sanctions in furtherance of foreign policy goals in the US, the EU, the UK and beyond, which have raised issues for derivatives users.  These measures include the US Chinese Military company sanctions of 2020 and 2021 as well as the sanctions programs implemented across the globe in response to Russia’s invasion and ongoing occupation of Ukrainian territory from February 2022.  This paper examines the impact that sanctions programs have had on derivatives transactions since the publication of the 2019 whitepaper, considering the novel issues market participants have faced.  It also assesses if sanctions programs have been implemented in a manner broadly consistent with principles set forth in the whitepaper, and proposes where additional action or guidance from sanctions authorities would further reduce uncertainty around the scope of the sanctions measures and the related relief and further reduce the potential adverse effects on non-sanctioned entities.

The EBA Consults On Draft Technical Standards Specifying The Requirements For Policies And Procedures On Conflicts Of Interest For Issuers Of ARTs Under The Markets In Crypto-Assets Regulation

Date 07/12/2023

The European Banking Authority (EBA) today published a Consultation Paper on draft regulatory technical standards (RTS) specifying the requirements for policies and procedures on conflicts of interest for issuers of asset-referenced tokens (ARTs) under the Markets in Crypto-Assets Regulation (MiCAR). These draft RTS aim at strengthening the management of conflicts of interest by issuers of ARTs and ensure convergence of requirements across the European Union.

NGX Enlightens Retiring Military Officers On Personal Finance, Investing

Date 07/12/2023

In line with its bid to further deepen financial literacy knowledge in the capital market and increase the participation of retail investors in the capital market, Nigerian Exchange Limited (NGX) has taken its innovative financial literacy initiative, X-Lit to the Army Barracks.

Key Trends In The Size And Composition Of OTC Derivatives Markets In The First Half Of 2023

Date 07/12/2023

The latest data on over-the-counter (OTC) derivatives from the Bank for International Settlements (BIS) shows a rise in notional outstanding, gross market value and gross credit exposure of OTC derivatives during the first half of 2023 compared to the first half of 2022. The upswing was driven by growth in interest rate and foreign exchange (FX) derivatives amid rising interest rates for major currencies.

Remarks At Meeting Of The SEC Investor Advisory Committee, SEC Commissioner Hester M. Peirce, Washington D.C., Dec. 7, 2023

Date 07/12/2023

Thank you, Christopher [Mirabile].  Good morning and thank you to our assembled Committee members and panelists for your participation in this last gathering of the Investor Advisory Committee for 2023.  I appreciate the Committee’s hard work this year. Today’s agenda is an appropriate culmination of that work.

Alberta Securities Commission: New Advisory Committee To Foster Connection Between Technological Innovation And Securities Regulation

Date 07/12/2023

The Alberta Securities Commission (ASC) today announced the establishment of a new advisory committee that aims to ensure securities regulation considers existing and emerging technologies. The Technology and Innovation Advisory Committee will bring together experts and ASC staff to facilitate a better understanding of new technology and its application to the Alberta capital market.