News Centre

Federal Reserve: Senior Credit Officer Opinion Survey On Dealer Financing Terms

Date 26/09/2024

The Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter (OTC) derivatives markets. The SCOOS is modeled after the long-established Senior Loan Officer Opinion Survey on Bank Lending Practices, which provides qualitative information about changes in supply and demand for loans to households and businesses at commercial banks. The SCOOS collects qualitative information on credit terms and conditions in securities financing and OTC derivatives markets, which are important conduits for leverage in the financial system. The survey panel for the SCOOS began by including 20 dealers and over time has been expanded. These firms account for almost all of the dealer activity in dollar-denominated securities financing and OTC derivatives markets. The survey is directed to senior credit officers responsible for maintaining a consolidated perspective on the management of credit risks. The HTML links below include the full report; the PDF links include the summary only.

Canadian Securities Administrators Provides Update To Crypto Asset Trading Platforms About Value-Referenced Crypto Assets

Date 26/09/2024

The Canadian Securities Administrators (CSA) is providing a further update for crypto asset trading platforms (CTPs) that are registered, or that provided a pre-registration undertaking (PRU), about the application of terms and conditions in the CTPs’ registration and exemptive relief decisions or PRUs related to value-referenced crypto assets (VRCAs).

“From Hamilton To Yellen”: Remarks Before The 10th Annual U.S. Treasury Market Conference, SEC Chair Gary Gensler, Washington D.C., Sept. 26, 2024

Date 26/09/2024

Thank you for the kind introduction. As is customary, I’d like to note that I’m not speaking on behalf of my fellow Commissioners or the SEC staff.

CFTC Commissioner Pham To Speak At American University Washington College Of Law

Date 26/09/2024

Remarks By USA Secretary Of The Treasury Janet L. Yellen At The 2024 U.S. Treasury Market Conference

Date 26/09/2024

Thank you for the introduction. I’m very glad that I’m able to join you for this tenth annual Treasury Market Conference. This conference helps the government identify ways to further improve the functioning and resilience of the Treasury market, which is of course core to the functioning and resilience of the U.S. financial system as a whole. And this makes it a fitting place for me to share my thoughts on the work I and my colleagues across the Biden-Harris Administration have done to navigate financial stresses and strengthen the U.S. financial system over the past three and a half years. In my remarks today, I’ll address why this work is so important, our approach to achieving a healthy and resilient financial system, and what we’ve accomplished.

US Treasury Takes Coordinated Actions Against Illicit Russian Virtual Currency Exchanges And Cybercrime Facilitator

Date 26/09/2024

Today, the U.S. Department of the Treasury is undertaking actions as part of a coordinated international effort to disrupt Russian cybercrime services. Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing an order that identifies PM2BTC—a Russian virtual currency exchanger associated with Russian individual Sergey Sergeevich Ivanov (Ivanov)—as being of “primary money laundering concern” in connection with Russian illicit finance. Concurrently, the Office of Foreign Assets Control (OFAC) is sanctioning Ivanov and Cryptex—a virtual currency exchange registered in St. Vincent and the Grenadines and operating in Russia. The FinCEN and OFAC actions are being issued in conjunction with actions by other U.S. government agencies and international law enforcement partners to hold accountable Ivanov and the associated virtual currency services. 

Supporting Market Resilience And Financial Stability, Federal Reserve Vice Chair For Supervision Michael S. Barr, At The 2024 U.S. Treasury Market Conference, Federal Reserve Bank Of New York, New York, New York

Date 26/09/2024

Thank you, and thank you for the opportunity to speak to you today.

It is great to be here again, particularly because this year marks the 10th annual conference on the Treasury market, a milestone that is worth celebrating. I want to acknowledge the Federal Reserve Bank of New York for its leadership in this area, including the dedication and excellence it has brought to hosting this conference over the past decade, in collaboration with the Inter-Agency Working Group on Treasury Market Surveillance, led by the Treasury Department. The Treasury market is the means by which our government meets its financing needs in service to the American people, and it is also the bedrock of the financial system. Promoting the resilience of the Treasury market and ensuring it can continue to fulfill these roles requires the collaboration of agencies and individuals across the government along with the private sector.

ACER Amends Two Methodologies In The Single Day-Ahead Electricity Market Coupling To Enhance Market Flexibility

Date 26/09/2024

ACER approves amendments to the:

• single day-ahead coupling (SDAC) products methodology, and
• methodology for calculating scheduled exchanges resulting from single day-ahead coupling.

Opening Remarks, Federal Reserve Chair Jerome H. Powell, At The 10th Annual U.S. Treasury Market Conference, Federal Reserve Bank Of New York, New York, New York (Via Prerecorded Video)

Date 26/09/2024

Hello, everyone, and welcome to the 10th Annual U.S. Treasury Market Conference. "Tenth annual" is a phrase that generates a bit of surprise, and much pride. It is surprising because it does not seem like the first of these gatherings, which I was honored to play a role in organizing, was all that long ago. But the time passed also is something we can take pride in because the conference has persevered for so many years, and I hope will for many more to come.

Recent Views On Monetary Policy And The Economic Outlook, Federal Reserve Governor Michelle W. Bowman, At The Mid-Size Bank Coalition Of America Board Of Directors Workshop, Dallas, Texas

Date 26/09/2024

Good morning. I would like to thank the Mid-Size Bank Coalition of America for the invitation to join you today for the Board of Directors Workshop. I appreciate the opportunity to share my views on the U.S. economy and monetary policy before we engage on bank supervisory and regulatory issues and other matters affecting the banking industry.