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Senate Economics Legislation Committee - Opening Statement - 2 June 2021, Opening Statement By ASIC Chair Joseph Longo At The Senate Economics Legislation Committee, 2 June 2021, Parliament House, Canberra

Date 02/06/2021

Good afternoon Chair and Committee members.

I am pleased to appear before the Committee today for the first time as ASIC’s Chair. Also appearing for the first time is newly appointed Deputy Chair Sarah Court.

Sheer Markets Among First To Launch Long-Awaited Retail NDF Trading

Date 02/06/2021

Sheer Markets, a new financial institution which has recently received a regulatory license from the Cyprus Securities and Exchange Commission (CySEC), has today announced their official launch of Non-Deliverable Forwards (NDFs) and Emerging Market FX (EMFX).

GeTS Wins 2021 Global Finance - The Innovators Award For Outstanding Innovation In Trade Finance

Date 02/06/2021

Global eTrade Services (GeTS) is proud to be recognised as one of the Outstanding Innovators in Trade Finance category for "Global Finance The Innovators 2021" annual selection program.

Readout: US Secretary Of The Treasury Janet L. Yellen’s Virtual Meeting With Vice Premier Of China Liu He

Date 02/06/2021

Secretary of the Treasury Janet L. Yellen today held an introductory virtual meeting with the Vice Premier of the People’s Republic of China, Liu He. Secretary Yellen discussed the Biden-Harris Administration’s plans to support a continued strong economic recovery and the importance of cooperating on areas that are in U.S. interests, while at the same time frankly tackling issues of concern. Secretary Yellen noted that she looks forward to future discussions with Vice Premier Liu.

Response To SEC Chair Gensler’s And The Division Of Corporation Finance’s Statements Regarding The Application Of The Proxy Rules To Proxy Voting Advice, Commissioner Hester M. Peirce, Commissioner Elad L. Roisman, June 1, 2021

Date 01/06/2021

Today, Chair Gensler announced that he has directed the SEC staff to consider whether to recommend that the Commission revisit its recent regulatory actions taken with respect to proxy voting advice businesses and its longstanding interpretation of proxy solicitation. Additionally, the staff announced that it will not recommend an enforcement action against a proxy voting advice business that fails to comply with the Commission’s existing requirements for proxy voting advice.

Kenneth E. Bentsen, Jr. Elected Chair Of International Council Of Securities Associations (ICSA)

Date 01/06/2021

Kenneth E. Bentsen, Jr., president and CEO of SIFMA and Chair of the Global Financial Markets Association (GFMA), has been elected Chair of the International Council of Securities Associations (ICSA).

Federal Reserve Board Invites Public Comment On Proposed Rule To Govern Funds Transfers Over The Federal Reserve Banks' FedNow Service

Date 01/06/2021

The Federal Reserve Board on Tuesday invited comment on a proposed rule to govern funds transfers over the Federal Reserve Banks' FedNow℠ Service. The FedNow Service is a new 24x7x365 service that will support instant payments in the United States and is expected to be available in 2023.

Readout Deputy Secretary Of The Treasury Wally Adeyemo’s Call With Ukraine Minister Of Finance Serhiy Marchenko

Date 01/06/2021

Earlier today, Deputy Secretary Wally Adeyemo spoke with Ukraine Minister of Finance Serhiy Marchenko. During the call, Deputy Secretary Adeyemo highlighted the United States’ commitment to Ukraine’s sovereignty and territorial integrity. Deputy Secretary Adeyemo and Minister Marchenko discussed the importance of Ukraine’s structural reform agenda and cooperation with international financial institutions. Deputy Secretary Adeyemo emphasized that the United States will remain a partner to Ukraine as it enacts reforms to make its economy competitive and resilient.

FIA And ISDA Respond To HM Treasury’s Consultation On CCP Resolution

Date 01/06/2021

Clearing Members and clients of the Futures Industry Association (FIA) and ISDA welcome HM Treasury’s (HMT) proposals for an expanded resolution regime for UK central counterparties (CCPs), which due to the UK’s active participation and contributions, are mostly in line with international guidelines and are closely aligned with the EU’s CCP Recovery & Resolution framework.

Remaining Steady As The Economy Reopens, Federal Reserve Governor Lael Brainard, At The Economic Club Of New York, New York, New York (via webcast)

Date 01/06/2021

It is a pleasure to join the Economic Club of New York for this discussion.1 Consumer demand is strong, vaccine coverage is expanding, and pandemic-affected sectors are reopening in fits and starts. As was the pandemic shutdown with its ebbs and flows, the reopening is without precedent, and it is generating supply–demand mismatches at the sectoral level that are temporary in nature. Separating signal from noise in the high-frequency data may be challenging for a stretch. The supply–demand mismatches at the sectoral level are making it difficult to precisely assess inflationary developments and the amount of resource slack from month to month.