News Centre

Minutes Of The Federal Open Market Committee, September 19-20, 2017

Date 11/10/2017

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on September 19-20, 2017. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes.

Statement At Open Meeting: Proposal To Modernize And Simplify Disclosure Requirements, SEC Chairman Jay Clayton

Date 11/10/2017

Good morning.  This is an open meeting of the United States Securities and Exchange Commission on October 11, 2017 under the Government in the Sunshine Act.

Thomson Reuters Celebrates Its Toronto Technology Centre’s First Anniversary With $100M Expansion

Date 11/10/2017

One year after the launch of the Thomson Reuters Technology Centre, the company today announced a new long-term facility for the Centre, a commitment totaling more than USD$100 million including both capital investments and a 12 year lease.

SEC Proposes Rules To Implement FAST Act Mandate To Modernize And Simplify Disclosure

Date 11/10/2017

The Securities and Exchange Commission today voted to propose amendments to modernize and simplify disclosure requirements for public companies, investment advisers, and investment companies and to implement a mandate under the Fixing America's Surface Transportation (FAST) Act. The proposed amendments would make adjustments to update, streamline or otherwise improve the Commission's disclosure framework.

Tradeweb: Record Spanish Bond Volumes Amid Catalan Independence Vote

Date 11/10/2017

A record volume of the Spanish bonds traded hands on the Tradeweb’s European Government Bond platform last week following the Catalan independence referendum vote. Executed volumes of the Iberian kingdom’s debt were more than double its average weekly volumes for 2017, while trade count was up almost 50%, and were over €3 billion greater than any other week on the platform.

Statement Of SEC Commissioner Piwowar At Open Meeting Regarding FAST Act Modernization And Simplification Of Regulation S-K Commissioner Michael S. Piwowar, Oct. 11, 2017

Date 11/10/2017

Thank you, Chairman Clayton.

I am delighted to support the proposed amendments to modernize and simplify the disclosure requirements of Regulation S-K.

Congress issued its marching orders to us in the Fixing America’s Surface Transportation Act (the “FAST Act”). We have been asked to “scale or eliminate requirements . . . to reduce the burden on emerging growth companies, accelerated filers, smaller reporting companies, and other smaller issuers, while still providing all material information to investors.” Further, we have been directed to “eliminate provisions . . . that are duplicative, overlapping, outdated, or unnecessary.”

CFTC Commissioner Behnam Statement On De Minimis Threshold

Date 11/10/2017

Commodity Futures Trading Commission (CFTC) Commissioner Rostin Behnam released the following statement in response to CFTC Chairman Giancarlo’s announcement on the de minimis threshold:

"Additional delays of the swap dealer de minimis threshold will only serve to prolong uncertainty for market participants and create market risk,” said Behnam. “Instead of kicking this critical issue into the future again, the Commission should take further action now or let the current rule take effect."

EBA: Consultation To Amend The ITS On Procedures, Forms And Templates For Resolution Planning (EBA-CP-2017-15)

Date 11/10/2017

The European Banking Authority (EBA) launched today a consultation to amend the Implementing Technical Standards (ITS) on the information which institutions must provide to resolution authorities for the purpose of drawing up and implementing resolution plans. This review aims to update the framework taking into account the latest experience available in the areas of resolution planning and supervisory reporting. The consultation runs until 11 December 2017.

CFTC Commissioner Quintenz Statement On De Minimis Threshold

Date 11/10/2017

Commodity Futures Trading Commission (CFTC) Commissioner Brian Quintenz released the following statement in response to CFTC Chairman Giancarlo’s announcement on the de minimis threshold:

“Some have described the current de minimis threshold of $8 billion in notional value as a ‘loop hole,’” said Quintenz. “In reality, its scheduled reduction to $3 billion would create a “black hole,” sucking in community banks and end-users who pose zero systemic risk. For far too long, too much uncertainty has surrounded the de minimis threshold’s reduction and its damaging economic consequences. While we should always consider new data in the ongoing evaluation of public policy, it is well past time to address this issue head-on, finalize a rational and effective threshold, and provide the market with clarity. I look forward to working with the Chairman and Commissioner Behnam to complete our consideration of this issue.”

EBA Consults On Reporting For Resolution Plans

Date 11/10/2017