News Centre

Japan's Financial Services Agency: Corporate Year-End Closing Of Accounts, Auditing And Shareholders Meeting In Response To The Increasing Impact Of COVID-19 (Novel Coronavirus)

Date 15/04/2020

At a time when many Japanese companies deal with accounts settlement work in March and auditing work, there are increased possibilities that these works will be significantly delayed due to impact of the COVID-19 spread.

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ASIC Updates Guidance On Internal Market Making

Date 15/04/2020

ASIC has updated Information Sheet 230 Exchange traded products: Admission guidelines (INFO 230). INFO 230 provides additional guidance to firms, including licensed Australian exchanges, product issuers and market making execution agents, on better practices for internal market making in non-transparent, actively managed funds that are traded on exchange markets.

U.S. Repatriates $300 Million To Malaysia In Proceeds Of Funds Misappropriated From 1Malaysia Development Berhad

Date 14/04/2020

The Department of Justice announced today that it has repatriated to Malaysia approximately $300 million (RM 1.292 billion) in additional funds misappropriated from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and laundered through financial institutions in several jurisdictions, including the United States, Switzerland, Singapore and Luxembourg. 

Top 20 Firms Collected Over $170 Billion Of Initial Margin At Year-End 2019, ISDA Margin Survey Finds

Date 14/04/2020

ISDA has published its latest annual margin survey, which shows the amount of initial margin (IM) collected by the 20 largest market participants for their non-cleared derivatives trades continued to rise in 2019.

BOX Exchange: SOLA® Protocol Version Decommissioning

Date 14/04/2020

Please be advised that certain protocol versions associated with SOLA® Trading Services will be decommissioned in Q3 2020.

US Federal Banking Agencies To Defer Appraisals And Evaluations For Real Estate Transactions Affected By COVID-19

Date 14/04/2020

The federal banking agencies today issued an interim final rule to temporarily defer real estate-related appraisals and evaluations under the agencies' interagency appraisal regulations. The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency are providing this temporary relief to allow regulated institutions to extend financing to creditworthy households and businesses quickly in the wake of the national emergency declared in connection with COVID-19.

Intergovernmental Group Of Twenty-Four On International Monetary Affairs And Development, Chaired By Kenneth Ofori-Atta, Minister Of Finance Of Ghana

Date 14/04/2020

1. We mourn together with you and regret the extensive human loss caused by the COVID-19 outbreak. We heartily express our sympathy to all families and communities that have been affected.

CFTC Unanimously Approves 3 Proposed Rules, 2 Final Rules At April 14 Open Meeting

Date 14/04/2020

The Commodity Futures Trading Commission at its open meeting today unanimously approved three proposed rules and two final rules. This open meeting marks the ninth since Chairman Heath P. Tarbert took office. 

Statement Of CFTC Chairman Heath P. Tarbert In Support Of Protecting Customer Records And Information

Date 14/04/2020

I support the final rule amending regulation 160.30, which requires firms registered with the CFTC to protect their customers’ records and information.  By requiring the firms we regulate to adopt policies and procedures relating to administrative, technical, and physical safeguards for customer data, the final rule targets security hazards to customer data and specifies required protections against unauthorized access.  As I mentioned when this rule was proposed, giving customers in our markets comfort that efforts are being taken to protect their sensitive information is key to ensuring that our derivatives markets promote the interests of all Americans.

Statement Of CFTC Commissioner Dan M. Berkovitz On Proposed Amendments To Swap Clearing Requirement Exemptions

Date 14/04/2020

I support issuing the notice of proposed rulemaking (“Proposal”) to codify certain exemptions from the swap clearing requirement that currently exist through Commission guidance or staff no action relief.  Each of the proposed exemptions is consistent with longstanding Commission policy and the Commission’s experience in implementing the swap clearing requirement over the past eight years.  Codifying these exemptions will provide certainty and transparency for market participants.