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Modernizing Equity Markets: Even The Leader Must Keep Training - Prepared Remarks Before The SIFMA 2024 Annual Meeting - SEC, Chair Gary Gensler, Washington D.C., Oct. 21, 2024

Date 21/10/2024

Good morning. Thank you, Ken, for the kind introduction. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking on behalf of my fellow Commissioners or the staff.

BIS: Report For The G20 On Tokenisation Highlights The Opportunities, Risks And Future Considerations For Central Banks

Date 21/10/2024

• Tokenisation could have implications for the future of finance and the role of central banks in payments, monetary policy and financial stability.
• While tokenisation could offer numerous benefits for the financial system and broader economy, costs and risks also need to be considered.
• BIS report highlights four key considerations for central banks: private sector initiatives; trade-offs between different types of settlement assets; sound regulation, supervision and oversight for tokenisation; and the impact on monetary policy implementation.

SEC Division Of Examinations Announces 2025 Priorities

Date 21/10/2024

The Securities and Exchange Commission’s Division of Examinations today released its 2025 examination priorities. The Division publishes its examination priorities annually to inform investors and registrants of potential risks in the U.S. capital markets and to make them aware of the examination topics that the Division plans to focus on in the new fiscal year. This year’s examinations will prioritize perennial and emerging risk areas, such as fiduciary duty, standards of conduct, cybersecurity, and artificial intelligence.

Toronto Stock Exchange And B3 Sign Memorandum Of Understanding

Date 21/10/2024

TMX Group's equity exchanges, Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), and B3 (Brazil Stock Exchange), today announced the signing of a non-binding Memorandum of Understanding (MoU), where TSX/TSXV and B3 agree to create more public market opportunities for investors and entrepreneurs to help power the Brazilian markets.

Exchange Data International And SmartSettle AI Partner To Launch AI-Powered Settlement Exception Management Solution With Integrated Reference Data

Date 21/10/2024

Exchange Data International (EDI), a leading provider of global securities reference data, and SmartSettle AI, an innovative AI-driven settlement exception management platform, are excited to announce a strategic partnership to offer a revolutionary solution that combines cutting-edge artificial intelligence with high-quality reference data to streamline settlement exception management for financial institutions worldwide.

Borsa Istanbul Group Organized A Training For The Mongolian Capital Market Stakeholders.

Date 21/10/2024

Borsa Istanbul Group organized a comprehensive training program for the Mongolian Stock Exchange (MSE), the Mongolian Financial Regulatory Commission (FRC) and other capital market stakeholders between October 16-18, 2024. The program covered derivative markets and real estate investment trusts (REITs) in detail.

FSB Urges Stronger Efforts To Enhance Cross Border Payments

Date 21/10/2024

• FSB publishes reports detailing work to enhance cross-border payments and welcomes the significant achievements of standard setters and international bodies in reducing obstacles to more effective cross border payments.
•  At the global level, the FSB’s key performance indicators (KPIs) indicate that significant progress will be needed to improve the user experience across all payments market segments.
• In addition, some jurisdictions have made no tangible progress towards implementing the actions previously set out by the FSB to improve LEI adoption.
• The FSB calls for continued commitment and collaboration from multiple public and private sector organisations in order to achieve tangible results.

Broadridge Expands OTC Derivatives Reporting Solution Across Multiple Jurisdictions

Date 21/10/2024

Broadridge Financial Solutions, Inc. (NYSE:BR), a global technology leader, today announced its readiness to support new OTC derivatives reporting requirements by the Monetary Authority of Singapore (MAS) and the Australian Securities and Investments Commission (ASIC) set to go live on October 21, 2024. Broadridge is also proactively expanding its offerings to include other updated regulatory regimes and asset classes, such as the Canadian rewrite scheduled for July 2025 and the Hong Kong rewrite slated for September 2025.

UK Financial Conduct Authority Fines Volkswagen Finance £5.4m Over Treatment Of Customers In Financial Difficulty

Date 21/10/2024

The FCA has fined Volkswagen Financial Services (UK) Limited (Volkswagen Finance) £5,397,600 for failing to treat its customers in financial difficulty fairly. Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.

SIX Annual Future Of Finance Study Reveals, Financial Executives Optimistic

Date 21/10/2024

C-suite executives across the global banking and finance sector are displaying cautious optimism around the economic outlook, with a majority recognizing that their organizations will need to make adjustments in order to realize growth, according to new research from Swiss and Spanish stock exchanges operator SIX.