News Centre

Testimony On “Oversight Of The U.S. Securities And Exchange Commission” By SEC Chairman Jay Clayton - Before The U.S. Senate Committee On Banking, Housing, And Urban Affairs

Date 11/12/2018

Chairman Crapo, Ranking Member Brown and Senators of the Committee, thank you for the opportunity to testify before you today about the work of the U.S. Securities and Exchange Commission (SEC or Commission or Agency).[1]  Chairing the Commission is a great privilege, and I am fortunate to be able to observe firsthand the incredible work done by the agency’s almost 4,500 dedicated staff, approximately41 percent of whom are outside of Washington, D.C., in our eleven regional offices.  

EBA Issues Revised List Of Validation Rules

Date 11/12/2018

The European Banking Authority (EBA) issued today a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting highlighting those, which have been deactivated either for incorrectness or for triggering IT problems. Competent Authorities throughout the EU are informed that data submitted in accordance with these ITS should not be formally validated against the set of deactivated rules.

Cboe Global Markets Announces Appointments Of Three Executives To Its Markets Division

Date 11/12/2018

• Arianne Criqui joins Cboe as Senior Vice President, Head of Options and Business Development
• Robert Hocking joins Cboe as Senior Vice President, Head of Derivatives Strategy
• Matthew McFarland promoted to Vice President, Head of Futures, Cboe Futures Exchange

FSB RCG For Sub-Saharan Africa Discusses Financial Vulnerabilities, Effects Of Reforms And Cyber Security

Date 11/12/2018

The Financial Stability Board (FSB) Regional Consultative Group (RCG) for Sub-Saharan Africa held its 14th meeting in Johannesburg today hosted by the South African Reserve Bank.

MiFID II, Brexit, China - TRADEWEB Year-in-Review – Biggest Fixed Income & Derivatives Events Of 2018

Date 11/12/2018

Highlights:

• Derivatives Volumes Surge Following MiFID II: As new trading mandates under MiFID II governing European derivatives went into effect at the start of 2018, activity on multilateral trading facilities (MTFs) ramped up quickly, roughly doubling in each of the first three quarters of 2018.
• Chinese Bond Market Gets Ready for its Close-Up: China made significant moves to open up its markets to foreign investors in 2018. By August, China had eased or completely removed foreign ownership limits on a number of its key industries, including finance, mining, shipbuilding and aircraft manufacturing, culminating in, amongst other things, a new revolution in overseas trading in China’s bond market. By the end of November this year, more than $160 billion had been traded on China’s Bond Connect platform via Tradeweb, which was the first offshore trading venue to connect to the platform.

CUSIP Request Volume Mixed In November, Suggesting Possible Divergence In Corporate And Municipal Issuance Activity Over Next Quarter - Municipal Request Volume Declines While Corporate Volume Increases On Month-To-Month Basis

Date 11/12/2018

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for November 2018. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found monthly increases in domestic corporate issuance, while requests for municipal and international identifiers declined in November. This is suggestive of a possible slowdown in the pace of new issuance activity in the first quarter of the New Year.

The UK Chancellor Of The Exchequer Philip Hammond's Speech At The Bloomberg Global Regulatory On Emerging And Growth Markets

Date 11/12/2018

Thank you Constantin, it’s great to be here.

And it’s great to get out of Whitehall, to the wonderful surroundings of Bloomberg’s new European HQ.

This HQ is a great representation of this City.

SEC Charges The Hain Celestial Group With Internal Controls Failures

Date 11/12/2018

The Securities and Exchange Commission today announced settled charges against a natural and organic food company stemming from weaknesses in the company's internal controls related to end-of-quarter sales practices that were designed to help the company meet its internal sales targets. Based upon its extensive cooperation with the SEC's investigation, which included self-reporting and remediation efforts, the SEC did not impose a monetary penalty on the company.

New DTCC Risk Survey Reveals Growing Concerns Over Brexit’s Systemic Implications - Cyber Security And Geopolitical Risk Continue To Dominate As The Top Risks To The Financial Services Industry - Excessive Global Debt Cited As A Growing Concern

Date 11/12/2018

The slower than expected negotiating progress between the United Kingdom and the European Union and the ongoing uncertainty of the outcome has positioned Brexit as a top systemic risk concern for 2019, although cybersecurity and other geopolitical risks around the globe continue to dominate the risk landscape, according to a new survey published by The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry.

ESMA Publishes The Responses To Its Consultation On Stress Testing Guidelines For Money Market Funds

Date 11/12/2018

ESMA has published the responses received to the Consultation Paper on draft guidelines on stress test scenarios under the MMF Regulation