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Keynote Speech Of CFTC Commissioner Kristin N. Johnson: Emphasizing Risk Management And Governance In The CryptoEcosystem, Eurofi High Level Seminar, Stockholm, Sweden

Date 26/04/2023

Good evening.  Thank you David Wright, Didier Cahen, and everyone at Eurofi for coordinating this week’s exceptional convening, here in Stockholm, Sweden. Ahead of my remarks, please note that the views that I will share today are my own.

SEC’s Division Of Investment Management To Host Inaugural Conference On Emerging Trends In Asset Management

Date 26/04/2023

The Securities and Exchange Commission’s Division of Investment Management today announced it will host virtually an inaugural Conference on Emerging Trends in Asset Management on Friday, May 19, 2023. The conference will bring together a variety of asset management industry participants and academics to discuss emerging trends in asset management. The full agenda with a list of speakers is available here.

Remarks At The 42nd Annual Small Business Forum, SEC Commissioner Mark T. Uyeda, Washington D.C., April 26, 2023

Date 26/04/2023

Good afternoon. It is a pleasure to address this Forum on Small Business Capital Formation. Today’s panel will focus on the successes and challenges facing smaller funds, including barriers to entry for emerging fund managers. This topic is not new. In fact, last year’s Forum also included a panel on emerging fund managers and their role in diversifying capital. One policy recommendation arising out of that panel was for the Commission to “[s]upport underrepresented emerging fund managers – specifically minorities and women...”

Deutsche Börse Group Starts The 2023 Financial Year With Further Significant Growth

Date 26/04/2023

Deutsche Börse Group has just published its quarterly statement Q1/2023. Please scroll down for the link to the entire report. 

CFTC Chairman Behnam To Be Featured Guest for Odd Lots Podcast At ISDA’s 37th Annual General Meeting

Date 26/04/2023

BOX Exchange: Bid-Ask Differentials For Various Symbols Through June 17, 2023

Date 26/04/2023

BOX Exchange LLC (“BOX”), recently distributed Notice 2023-31 detailing modified bid-ask differentials for certain option classes effective through June 17, 2023.
 

UBS Launches ETN Tracking Solactive Whitney U.S. Critical Technologies Index

Date 26/04/2023

Solactive is pleased to announce that UBS Investment Bank listed the new ETRACS Whitney US Critical Technologies ETN, tracking the Solactive Whitney U.S. Critical Technologies Index. The launch marks the first engagement of Solactive with J.H. Whitney Data Services LLC.

NGX Group Becomes First Exchange Group Globally To Achieve EDGE Certification

Date 26/04/2023

Nigerian Exchange Group Plc (NGX Group) is pleased to announce that it has been awarded the EDGE certification, making it the first exchange group globally and the first indigenous Nigerian organization to be EDGE certified. NGX Group was certified at the EDGE Assess level, which highlights the progress the company has made on diversity, equity, and inclusion and its commitment to ensuring equal opportunities across its talent pool.

CFTC Commissioner Johnson To Participate On Panel At ISDA’s 37th Annual General Meeting

Date 26/04/2023

BIS: Sovereign Risk And Bank Lending: Evidence From 1999 Turkish Earthquake

Date 26/04/2023

Summary

Focus

Banks are important providers of credit to both non-financial borrowers and governments. Lending to their own sovereigns increases their exposure to sovereign risk. An increase in sovereign risk directly affects bank balance sheets when they hold sovereign debt. The decline in asset value reduces bank net worth, which can then constrain bank borrowing and lending. The surge in government borrowing across both advanced and emerging markets, spurred by the Covid-19 crisis, has reignited these concerns. Recent turmoil in the banking sector further underscores the potential impact of valuation losses from sovereign securities.