News Centre

SIFMA Statement On Department Of Labor Worker Classification Proposal

Date 12/12/2022

SIFMA today filed a comment letter on the Department of Labor’s proposal to modify Wage and Hour Division regulations to revise its analysis for determining employee or independent contractor classification under the Fair Labors Standards Act (FLSA). The letter notes the proposal could benefit from some improvement to best serve the public interest.

CFTC Swaps Report Update

Date 12/12/2022

CFTC's Weekly Swaps Report has been updated, and is now available.

SEC Awards More Than $20 Million To Whistleblower

Date 12/12/2022

The Securities and Exchange Commission today announced an award of more than $20 million to a whistleblower who provided information and assistance that significantly contributed to a successful enforcement action. The whistleblower provided new information, met with Enforcement Division staff multiple times, and remained cooperative throughout the investigation.  

US Office Of The Comptroller Of The Currency Reports Third Quarter 2022 Bank Trading Revenue

Date 12/12/2022

The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $12.7 billion in the third quarter of 2022. The third quarter trading revenue was $2.4 billion, or 22.9 percent, more than in the previous quarter and $5.8 billion, or 84.1 percent, more than in the third quarter of 2021.

Canadian Securities Administrators Provides Update To Crypto Trading Platforms Operating In Canada

Date 12/12/2022

Following recent events in the crypto market, the Canadian Securities Administrators (CSA) is strengthening its approach to oversight of crypto trading platforms by expanding existing requirements for platforms operating in Canada.

ISDA derivatiViews: A UK Slant On Basel III

Date 12/12/2022

Over the coming years, the final parts of the Basel III framework will be implemented around the world, completing an important phase of the post-crisis financial regulatory reforms. At the end of last month, we got a sense of how the UK intends to implement the rules when the Prudential Regulation Authority (PRA) published legislative proposals, just over a year after the European Commission (EC) came out with its own proposals in October 2021. The PRA has opted to stay fairly close to the Basel standards, but it has proposed some targeted changes that it says would better capture risk and support the competitiveness of the UK.

FSB Middle East And North Africa Group Discusses Financial Stability Outlook And Cross-Border Payments

Date 12/12/2022

The Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Middle East and North Africa (MENA) met today in virtual format.

Cboe Global Markets Announces Date Of Fourth-Quarter 2022 Earnings Release And Conference Call

Date 12/12/2022

Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today said it will announce its financial results for the fourth quarter of 2022 before the market opens on Friday, February 3, 2023. A conference call with remarks by the company's senior management will begin at 7:30 a.m. CT (8:30 a.m. ET).

EBA Issues Revised List Of ITS Validation Rules

Date 12/12/2022

The European Banking Authority (EBA) today issued a revised list of validation rules for its reporting standards (Implementing Technical Standards, Regulatory Technical Standards and Guidelines), highlighting those which have been deactivated either for incorrectness or for triggering IT problems. Competent Authorities throughout the EU are informed that data submitted in accordance with these reporting standards should not be formally validated against the set of deactivated rules.

BIS: Understanding The Food Component Of Inflation

Date 12/12/2022

Summary

Focus 

Changes in food prices are often treated as separate from macroeconomic developments - a nuisance that is not worth modelling. Given that they represent an important share of CPI baskets, this paper examines the extent to which food prices respond to broader macroeconomic conditions such as output gaps and inflation expectations.