News Centre

Statement On Final Rule Amendments To Electronic Filing Requirements, SEC Chair Gary Gensler, June 23, 2022

Date 23/06/2022

Today, the Commission voted unanimously to finalize rule amendments to require the electronic filing of certain documents that previously were submitted on paper by investment advisers, institutional investment managers, and others. The rule also updates the substance of quarterly reports on Form 13F. I was pleased to support these amendments because they will modernize and increase the efficiency of the filing process for filers, investors, and the SEC.

Federal Reserve Board Releases Results Of Annual Bank Stress Test, Which Show That Banks Continue To Have Strong Capital Levels, Allowing Them To Continue Lending To Households And Businesses During A Severe Recession

Date 23/06/2022

The Federal Reserve Board on Thursday released the results of its annual bank stress test, which showed that banks continue to have strong capital levels, allowing them to continue lending to households and businesses during a severe recession.

US Office Of The Comptroller Of The Currency Reports On Key Risks Facing Federal Banking System

Date 23/06/2022

The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Spring 2022. 

ISDA Responds To UK Government On Green Finance Strategy

Date 23/06/2022

On June 22, 2022, ISDA responded to the UK government’s call for evidence on its green finance strategy. In its response, ISDA focused on three main areas: clarifying the role of derivatives in sustainable investing; highlighting the importance of legal certainty in the treatment of carbon credits under English law; and recommending that taxonomy-aligned key performance indicators applied to credit institutions such as the green asset ratio, as foreseen under the EU’s taxonomy framework, should not be considered in the context of the UK’s green finance strategy as they would negatively impact derivatives dealers.

FINRA Orders National Securities Corp. To Pay $9 Million For Attempting To Artificially Influence The Aftermarket In 10 Offerings, And Other Violations - NSC Ordered To Pay Over $625,000 In Restitution To Customers Who Bought GPB Capital Private Placements After NSC Failed To Inform Them Of Material Information

Date 23/06/2022

FINRA announced today that it has sanctioned National Securities Corporation (NSC) approximately $9 million, including disgorgement of $4.77 million in net profits the firm received for underwriting 10 public offerings in which NSC attempted to artificially influence the market for the offered securities.

CFTC Chairman Behnam To Participate In A Fireside Chat At The National Council Of Farmer Cooperatives 2022 Washington Conference

Date 23/06/2022

Federal Reserve: Senior Credit Officer Opinion Survey On Dealer Financing Terms

Date 23/06/2022

The Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter (OTC) derivatives markets. The SCOOS is modeled after the long-established Senior Loan Officer Opinion Survey on Bank Lending Practices, which provides qualitative information about changes in supply and demand for loans to households and businesses at commercial banks. The SCOOS collects qualitative information on credit terms and conditions in securities financing and OTC derivatives markets, which are important conduits for leverage in the financial system. The survey panel for the SCOOS began by including 20 dealers and over time has been expanded. These firms account for almost all of the dealer activity in dollar-denominated securities financing and OTC derivatives markets. The survey is directed to senior credit officers responsible for maintaining a consolidated perspective on the management of credit risks. The HTML links below include the full report; the PDF links include the summary only.

Tradeweb Launches Spotlight Dealer Diversity Program To Promote Diverse Dealers - New Program Increases Access To Diverse Dealers Throughout The Fixed Income Trading Workflow From RFQ To Execution And Settlement

Date 23/06/2022

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the launch of its Spotlight Dealer Diversity Program (‘Spotlight Program’), designed to promote diverse dealers on the Tradeweb platform. Tradeweb made the announcement today at the 2022 Fixed Income Leaders Summit in Nashville, TN.

CCP12 - The Global Association Of Central Counterparties – Held Its 2022 Annual General Meeting In Madrid, Spain And Virtually

Date 23/06/2022

As part of the Annual General Meeting, CCP12 members elected a new Executive Committee (ExCo) to lead the association for the next 2 years. Kevin McClear, President of ICE Clear U.S. at Intercontinental Exchange Inc., was elected as Chair of CCP12. Dmitrij Senko, Chief Risk Officer of Eurex Clearing Group, and Kausick Saha, Chief Risk of Clearing Corporation of India Ltd, were elected as Vice-Chairs. Tim Cuddihy, Managing Director at DTCC, will continue to serve as the Treasurer. In addition, the following members were elected as ordinary ExCo members:

NGX, CIS Enhance Stakeholders’ Capacity For Exchange Traded Derivatives

Date 23/06/2022

Nigerian Exchange Limited (NGX) and the Chartered Institute of Stockbrokers (CIS) organized a capacity-building workshop for Exchange Traded Derivatives stakeholders, on Thursday 23 June 2022, in line with the commitment to promote a robust derivatives market ecosystem in Nigeria.