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ASIC’s Priorities In A Changing Regulatory Environment - Speech By ASIC Commissioner Alan Kirkland At The Australian Finance Industry Association (AFIA) Risk Summit 2024, 22 May 2024

Date 23/05/2024

KEY POINTS 

• Cost-of-living pressures, climate change and rapid technological transformation are impacting consumers’ needs and the ways in which they navigate the financial services markets.
• ASIC is working to support better outcomes for consumers by addressing the most significant threats and harms arising from these global trends, as they relate to our regulatory environment.
• This includes our continued focus on financial hardship, with the release this week of our report on the hardship practices of 10 large home loan lenders.

FINRA Statement To Correct Misinformation About The New Residential Supervisory Location Rule

Date 22/05/2024

FINRA's new rules for evolving work models — hybrid and remote —provide member firms greater flexibility for their registered persons to work from home. Our new Residential Supervisory Location (RSL) Rule and Remote Inspections Pilot Program Rule are intended to provide member firms greater flexibility — not less — to allow eligible registered persons to work from home, following the expiration of temporary COVID-19 relief from existing requirements. The new rules provide a practical and balanced way for firms to meet their regulatory obligations, while protecting investors, and acknowledging the need for greater workplace flexibility.  

Intercontinental Exchange CFO Warren Gardiner To Present At The Piper Sandler Global Exchange And Trading Conference On June 5

Date 22/05/2024

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, announced today that Warren Gardiner, CFO, will present at the Piper Sandler Global Exchange and Trading Conference. The presentation will take place on Wednesday, June 5, 2024, at 11:30 a.m. ET. The presentation will be available live and in replay via webcast and can be accessed in the investor relations and media section of ICE’s website at http://ir.theice.com/.

SIFMA Statement On Treasury/IRS Extensions Related To Section 871(m), QDP

Date 22/05/2024

SIFMA issued the following statement from president and CEO Kenneth E. Bentsen, Jr. regarding announcements from the Treasury Department and the IRS today on the extension of the phase-in period for the enforcement and administration of Section 871(m) and the extension of the transition period for qualified derivative payment (QDP) reporting requirements related to section 59A and Section 6038A:

Minutes Of The Federal Open Market Committee, April 30–May 1, 2024

Date 22/05/2024

The Federal Reserve on Wednesday released the minutes of the Federal Open Market Committee meeting that was held on April 30–May 1, 2024.

Solidus Labs: Everything You Need To Know About the DOJ's First Prechain Enforcement Action

Date 22/05/2024

On May 15, the United States Department of Justice (DOJ) announced the arrest of two brothers on charges of conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering for exploiting the “very integrity of the Ethereum blockchain” resulting in the theft of $25 million in cryptocurrency.

Climate Bonds Initiative - Driving Change: Winners Of The 9th Climate Bonds Awards

Date 22/05/2024

Climate Bonds Initiative is proud to announce the winners of the 9th Climate Bonds Awards, celebrating top achievers in sustainable finance for 2023. This event acknowledges the contributions of emerging markets, financial institutions, and governments that have been instrumental in advancing the market over the past year. 

Bloomberg Makes Proprietary Alternative Data Available Alongside Traditional Enterprise Content - Quants And Research Analysts Can Now Use Bloomberg Second Measure Transaction Data Analytics With Data License To Gain A Competitive Edge

Date 22/05/2024

Bloomberg today announced that for the first time, its proprietary Bloomberg Second Measure (BSM) transaction data analytics feeds are now available via Bloomberg Data License. Data professionals and quantitative researchers can now seamlessly connect this high-quality alternative dataset with Bloomberg’s more traditional Data License content, for early insight into the performance of consumer companies with greater depth of analysis.

Forget About Collaborating—Stop, Pay-Up, And Listen: Statement On Intercontinental Exchange et al., SEC Commissioner Hester M. Peirce, SEC Commissioner Mark T. Uyeda, May 22, 2024

Date 22/05/2024

Today, the Commission imposed a civil penalty of $10 million on the Intercontinental Exchange (“ICE”) because certain of its subsidiaries (collectively, “the ICE SCI subsidiaries”) failed to notify the Commission of a systems intrusion as required by Regulation SCI—Systems Compliance and Integrity.[1] This disproportionately large penalty for failure to report in a timely manner an incident that the ICE SCI subsidiaries ultimately determined was de minimis suggests to us that the Commission is more concerned with generating large penalties than with ensuring that important market entities address technological vulnerabilities.

SEC Charges Intercontinental Exchange And Nine Affiliates Including The New York Stock Exchange With Failing To Inform The Commission Of A Cyber Intrusion

Date 22/05/2024

The Securities and Exchange Commission today announced that The Intercontinental Exchange, Inc. (ICE) agreed to pay a $10 million penalty to settle charges that it caused the failure of nine wholly-owned subsidiaries, including the New York Stock Exchange, to timely inform the SEC of a cyber intrusion as required by Regulation Systems Compliance and Integrity (Regulation SCI).