July 2020
Wall Street to Open Positive on Stimulus Cues, COVID-19 Woes Cap Gains
Earnings in focus as usual, stimulus related updates & Trump’s executive order on lowering prescription drug awaited.
The Proverbial Sausage was Being Made by the Securities and Exchange Commission
The proverbial sausage was being made by the SEC last week. The SEC held one of its open meetings in which it considered two rules to do with proxy voting.
Reflecting on Dodd/Frank after Ten Year Anniversary
Two people intimately involved in helping to craft the legislation, say that Dodd/Frank has functioned well.
The World Federation of Exchanges Calls to Address Development of Global Stablecoins with a Taxonomy – and to Include Crypto-Assets
The WFE called for a response to the growth of stablecoins by developing a common taxonomy that would also cover crypto-assets more broadly.
Two individuals Heard their Nominations for Securities and Exchange Commission
The Senate Banking Committee considered the nominations of two individuals for the Securities and Exchange Commission (SEC) chairs in the US Senate.
Exchange Fund Position at End-June 2020
The Hong Kong Monetary Authority (HKMA) today (Friday) published the unaudited financial position of the Exchange Fund at end-June 2020.
FMA Publishes Derivatives Issuer Sector Risk Assessment
FMA has published a report identifying key risks in the Derivatives Issuer (DI) sector and highlighted future focus areas to improve sector compliance.
CFTC Approves Final Cross-Border Swaps Rule and an Exempt SEF Amendment Order at July 23 Open Meeting
CFTC at its open meeting today approved a final rule on the cross-border application of certain swap provisions under the Commodity Exchange Act (CEA).
ASIC Releases Minor Updates to RG 97
ASIC today released minor updates to the fees and cost disclosure regime for issuers of superannuation and managed investment products.
Productivity Remains for Broker/Dealers Working From Home
Broker/dealers in the US say they are maintaining high productivity despite coronavirus forcing everyone to work from home recorded by FINRA.
Stocks Trade Mixed, Earnings Reports Keep Wall Street Supported for Now
Intel, AT&T, and Twitter stock earnings in focus, geopolitical woes pressure investors into defensive activity despite stimulus measures.
ASIC will not appeal Federal Court Decision on Westpac’s ‘Responsible Lending’ Obligations
ASIC will not seek special leave to appeal to the High Court in the Westpac ‘responsible lending’ matter, following the full Federal Court’s 2-1 decision.
ICE ETF Hub Announces Launch of Innovative Custom Basket Negotiation Technology
ICE ETF Hub has launched new automated functionality for exchange traded fund (ETF) primary market participants to assemble custom basket proposals.
Organised Crime Investigation Charges 12 Over Complex Fraud
AFP investigators yesterday executed search warrants in a coordinated strike against a transnational and serious organised crime syndicate.
Also filing this week: Rick Steves, Karthik Subramanian and Abdelaziz Fathi.