News Centre

FINRA Publishes 2021 Report On FINRA’s Examination And Risk Monitoring Program - Report Combines And Replaces Annual Exam And Risk Monitoring Findings Report, Priorities Letter

Date 01/02/2021

FINRA today published the 2021 Report on FINRA’s Examination and Risk Monitoring Program to inform member firms’ compliance programs by providing annual insights from FINRA’s Examinations and Risk Monitoring programs. The Report combines and replaces two previously published annual reports, the Report on Examination Findings and Observations and the Risk Monitoring and Examination Program Priorities Letter.

Montréal Exchange: Call For Interest: Asian Trading Hours Market Making Program

Date 01/02/2021

As stated in circular 135-20 published on the Montréal Exchange’s (the Bourse) website on August 5th 2020, the Bourse proposes to extend its trading hours further into the Asian time zone by opening its market at 8:00 pm ET (t-1) rather than the current 2:00 am ET open. This initiative is in line with the Bourse’s mission to be a client focused and globally recognized leading derivatives exchange, as it will allow domestic and international clients to manage their exposure to Canadian markets during non-regular Canadian business hours.

SEC Acting Chair Allison Herren Lee Announces Executive Staff

Date 01/02/2021

The Securities and Exchange Commission today released a roster of the executive staff for Acting Chair Allison Herren Lee. The executive staff is responsible for advising the Chair on matters before the Commission, working closely with agency staff, and helping the Chair perform all day-to-day operations needed to fulfill the SEC’s mission.

Federal Reserve: The October 2020 Senior Loan Officer Opinion Survey on Bank Lending Practices

Date 01/02/2021

The October 2020 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the third quarter of 2020.

Joint BETTER FINANCE And CFA Institute Statement: EU Authorities Should Prioritise The Long Overdue Full PRIIPs Regulation Review, And The UCITS Funds’ Exemption Should Be Extended Until This Review Is Completed, As Intended By EU Law

Date 01/02/2021

The organisations representing individual, non-professional investors and financial analysts advise the European Commission, the European Supervisory Authorities (ESAs) and the EU co-legislators against further delaying the long overdue full Level 1 review of the regime on key information documents (KID) for Packaged Retail and Insurance-based Investment Products (PRIIPs).

SEC: Satyam Khanna Named Senior Policy Advisor For Climate And ESG

Date 01/02/2021

The Securities and Exchange Commission announced today that Satyam Khanna will serve as Senior Policy Advisor for Climate and ESG in the office of Acting Chair Allison Herren Lee. In this new role, Mr. Khanna will advise the agency on environmental, social, and governance matters and advance related new initiatives across its offices and divisions.

Cboe Options Exchange To List Mini-Russell 2000 Index Options (MRUT) Beginning March 1

Date 01/02/2021

• Smaller contract at one-tenth the size of standard Russell 2000 Index options
• Designed to provide greater flexibility and precision for U.S. small-cap equity trading strategies
• An alternative to comparable ETF options providing exposure to U.S. small-cap equities
• Cash-settled (no unwanted delivery of physical shares) and European-style (no early exercise)
• MRUT Weeklys include Monday, Wednesday and Friday expiries

SEC: John Coates Named Acting Director Of The Division Of Corporation Finance

Date 01/02/2021

The Securities and Exchange Commission announced today that John Coates will serve as Acting Director of the agency’s Division of Corporation Finance. 

CFTC Charges Swaps Trader With Manipulation, Attempted Manipulation, And Making False Statements

Date 01/02/2021

The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Southern District of New York against John Patrick Gorman III, a swaps trader at a global investment bank, charging him with engaging in a scheme to deceive and to manipulate the price of an interest rate swap between a bond issuer and the bank. Additionally, Gorman is charged with making materially false statements to the CFTC in the course of the investigation.

EACH Publishes Its New Paper: "Climate Risk And CCP Risk Management"

Date 01/02/2021

Today, the European Association of CCP Clearing Houses (EACH) publishes its paper on "Climate Risk and CCP Risk Management". In line with their objective of contributing to financial stability, CCPs aim to limit several types of risks, such as credit, market and liquidity risks. Climate risk is now, more than ever an element for CCPs to take into account, as this will enable to CCPs to appropriately adapt their risk management to what is a growing category of risk.