News Centre

MIAX Amendment, Reorganization And Enhancement Of Registration Rules

Date 23/12/2019

MIAX Options has proposed a rule change to adopt new Chapter XIX series of rules captioned Registration, Qualification and Continuing Education in the MIAX Options Rulebook. The rule change will become effective on January 9, 2020, pursuant to a notice recently issued by the Securities and Exchange Commission.

Susan Nash, Associate Director In Division Of Investment Management, To Leave SEC After 30 Years Of Public Service

Date 23/12/2019

The Securities and Exchange Commission today announced that Susan Nash, Associate Director and Senior Policy Advisor to the Director, Division of Investment Management, will retire from the SEC at the end of this month after 30 years of public service.

Federal Reserve Approves Modifications To National Settlement Service And Fedwire® Funds Service To Support Enhancements To The Same-Day Automated Clearinghouse Service

Date 23/12/2019

The Federal Reserve Board on Monday approved modifications to the Federal Reserve Banks' National Settlement Service (NSS) and Fedwire® Funds Service to support enhancements to the same-day automated clearinghouse (ACH) service. The Board also approved changes intended to reduce the risk that the modified service closings and cutoffs would increase the frequency of delays to the reopening of the Fedwire Funds Service. Finally, the Board approved corresponding changes to the Federal Reserve Policy on Payment System Risk (PSR policy) related to a new posting time for transactions and an increased daylight overdraft fee.

FINRA, Cboe, Nasdaq, NYSE And Affiliated Exchanges Fine Credit Suisse Securities $6.5 Million For Supervision And Market Access Rule Violations

Date 23/12/2019

FINRA, Cboe Global Markets, The Nasdaq Stock Market LLC, the New York Stock Exchange, and their affiliated Exchanges (collectively, “Exchanges”) today announced that they censured Credit Suisse Securities (USA) LLC, and fined the firm a total of $6.5 million for supervisory violations and violations of various provisions of Rule 15c3-5 of the Securities Exchange Act of 1934 (known as the Market Access Rule). The fine was apportioned among FINRA and the Exchanges.

New York Financial Services Superintendent Linda A. Lacewell Announces Action To Ensure Regulated Financial Institutions Are Prepared For LIBOR Transition - Key Global Reference Rate Unlikely To Continue Past The End Of 2021 - New York State Department Of Financial Services Directs Depository And Non-Depository Institutions, Insurers And Pension Funds To Submit Plans For Managing Risks, Advises Preparation For Transition To Alternative Reference Rates

Date 23/12/2019

Financial Services Superintendent Linda A. Lacewell today announced that the New York State Department of Financial Services (DFS) is directing New York-regulated depository and non-depository institutions, insurers and pension funds to submit their plans for managing the risks relating to the likely discontinuation of the London Interbank Offered Rate (LIBOR) at the end of 2021.

Finansinspektionen: Clarification On The Impact For Swedish Banks From Revised Basel Standards

Date 23/12/2019

In relation to the report published by the European Banking Authority (EBA) in August Finansinspektionen would like to make the following clarification on the impact for Swedish banks of the revised Basel standards. According to Finansinspektionen’s calculation, the increase in tier 1 minimum required capital would be about 30 per cent instead of 53 per cent as shown in the report from the EBA (keeping the assumptions and methodology set by EBA, but taking into account the current Swedish mortgage floor for the current risk-weighted assets).

FTSE Russell Expands Sustainable Investment Analysis In China And Japan

Date 23/12/2019

• Approx. 800 China A Share securities now included in sustainable investment analysis covering climate, screenings and ESG Ratings
• Expansion of small cap coverage increases Japan research universe to approx. 1300 securities
• Sustainable investment analysis now includes over 4300 securities across Asia-Pacific region 

Moscow Exchange: Risk Parameters Change For The Security SNGS

Date 23/12/2019

ESMA Closed From 24 December 2019 – 2 January 2020

Date 23/12/2019

The European Securities and Markets Authority (ESMA) is closed for the Christmas and New Year break and will reopen on Friday 3 January 2020.

Intercontinental Exchange Appoints Mike Blandina As CEO Of Bakkt And Adam White As President Of Bakkt - Leadership Team Provides Strong Continuity To Build On Company’s Early Achievements

Date 23/12/2019

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, has appointed Mike Blandina as CEO of Bakkt, the digital assets trading and payments platform that is majority-owned by ICE. Adam White will serve as President of the company. The appointments took effect December 20, following the departure of founding CEO Kelly Loeffler, who has been appointed to the United States Senate to fill the seat of retiring Sen. Johnny Isakson.