SEC Adopts Risk Mitigation Techniques for Uncleared Security-Based Swaps
SEC today voted to adopt rules requiring the application of risk mitigation techniques to portfolios of uncleared security-based swaps.
December 2019
Busy Macro Calendar to Keep Wall Street Busy, Geo-Politics Remain in Focus
USMCA deal now moves to US Senate while China-US trade deal gains timeline update bringing fresh fundamental support to keep Wall Street busy.
ASIC Reports on Practices in Wholesale Foreign Exchange Markets
ASIC today released Report 652 Wholesale FX practices in Australia, summarising our work in wholesale foreign exchange (FX) markets during 2018 and 2019.
Americans have Trouble with Investment Literacy
FINRA released its annual report of which one of the findings was a troubling lack of investment literacy with Americans.
Stocks Consolidate at Multi-Month Highs, Bitcoin Under Pressure
Asian indices ended mixed on the trading session day in thin volumes ahead of Christmas as investors digest the phase one trade deal.
APRA Launches Westpac Investigation and Increases Capital Requirement Add-ons to $1 Billion
APRA has today formally commenced an investigation into possible breaches of the Banking Act 1959 by Westpac Banking Corporation (Westpac).
SEC Chair Says Digitization of Money Has Arrived
The head of the Securities and Exchange Commission said the digitization of money is here and regulators should work in a symbiotic manner with it.
MetLife to Pay $10 Million for Longstanding Internal Control Failures
SEC charged MetLife, Inc. with violating the books and records and internal accounting controls provisions of the federal securities laws.
SEC Adopts Actions to Stand Up Security-Based Swap Regulatory Regime
SEC adopted a package of rule amendments, guidance, and a related order to expand the framework for regulating cross-border security-based swap.
ASIC Reports on Corporate Insolvencies 2018–19
ASIC - Australian Securities and Investments Commission today published its annual overview of corporate insolvencies for the 2018-2019 financial year.
ASIC Reports on Cyber Resilience Assessments of Financial Markets Firms
ASIC report Cyber resilience of firms in Australia’s financial markets: 2018–19 (REP 651) provides an update on cyber resilience capabilities.
AMP Financial Planning Ceases MDA Services
AMP Financial Planning Pty Ltd (AMPFP) ceased providing MDA services on 10 December 2019 following the imposition of tailored licence conditions by ASIC.
Asian Equities Retreat on President Trump Impeachment Vote
Asian indices finished lower the day after the U.S. House of Representatives voted to impeach President Trump for abuse of power.
Also filing this week: Rick Steves, Karthik Subramanian and Abdelaziz Fathi.