Tender results of the 20-year Government Bonds under the Institutional Bond Issuance Programme

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 20-year Government Bonds (issue number 20GB4205) under the Institutional Bond Issuance Programme was held today (25 May). A total of HK$0. 5 billion 20-year Government Bonds were allocated today. A total of HK$1. 492 billion tender applications were received. The bid-to-cover ratio, i. e. the ratio of bonds applied for to bo...

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APRA releases quarterly private health insurance statistics for March 2022

The Australian Prudential Regulation Authority (APRA) has released its quarterly private health insurance (PHI) publications for the March 2022 quarter. The publications provide industry aggregate summaries of key financial and membership statistics for the private health insurance industry. Premium revenue grew 5. 6 per cent over the year, from a combination of membership growth and premium rate increases. Claims costs fell 2. 8 per cent over the year due to various COVID-19 ...

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Acting Comptroller Discusses Vulnerabilities, Volatility with Cryptocurrency

News Release 2022-60 | May 24, 2022 Acting Comptroller Discusses Vulnerabilities, Volatility with Cryptocurrency WASHINGTON — Acting Comptroller of the Currency Michael J. Hsu today discussed vulnerabilities in the cryptocurrency framework and recent volatility with stablecoins in remarks at the DC Blockchain Summit 2022. In his remarks, the Acting Comptroller discussed the fragemented ecosystem of cryptocurrency, risk of contagion, and underdeveloped cus...

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The Division of Clearing and Risk Announces Participants and Agenda for May 25 Staff Roundtable on Non-Intermediation

Washington, D. C. — The Commodity Futures Trading Commission’s Division of Clearing and Risk today released the participant list and agenda for its upcoming staff roundtable on non-intermediation that will be held on May 25 at 9:30 a. m. EDT at the CFTC's headquarters in Washington, D. C. for participants only. In accordance with the agency’s implementation of COVID-19 related precautions, the general public will have access to the roundtable by webcast on the CFTC’s website or may also listen...

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Federal Reserve Board announces approval of application by Alerus Financial Corporation

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. May 24, 2022 Federal Reserve Board announces approval of application by Alerus Financial Corporation For release at 3:30 p. m. EDT The Federal Reserve Board on Tuesday a...

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SEC Charges TradeZero America and Co-Founder with Deceiving Customers about Meme Stock Trading Halts

The Securities and Exchange Commission today charged broker-dealer TradeZero America Inc. , and its co-founder, Daniel Pipitone, with falsely stating to the firm’s customers that they didn’t restrict the customers’ purchases of meme stocks when in fact they did. In late January 2021, many brokers restricted investors’ ability to purchase a group of highly volatile stocks generally known as “meme stocks. ” According to the SEC’s order, on January 28, 2021, TradeZero was instructed by its clear...

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Richard R. Best Named Director of Division of Examinations

The Securities and Exchange Commission today announced the appointment of Richard R. Best as Director of the Division of Examinations, effective immediately. He has served as the Division's acting director since March 23, 2022. "I've valued Rich's judgment and counsel since I joined the SEC, and I'm thrilled he's agreed to lead the Division of Examinations," said SEC Chair Gary Gensler. "Our examinations program – acting as eyes and ears on the ground for the Commission - is critical for our ...

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Review of the MiFID II framework on best execution reports by investment firms

Final Report Review of the MiFID II framework on best execution reports by investment firms 16 May 2022 | ESMA35-43-3088 16 May 2022 ESMA35-43-3088 ESMA • 201-203 rue de Bercy • CS 80910 • 75589 Paris Cedex 12 • France • Tel. +33 (0) 1 58 36 43 21 • www. esma. europa. eu 2 Table of Contents 1 Executive Summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...

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FDIC-Insured Institutions Reported Net Income of $59.7 Billion in First Quarter 2022

Press Release  |  May 24, 2022 FDIC-Insured Institutions Reported Net Income of $59.7 Billion in First Quarter 2022 Net Income Declined Year Over Year Net Interest Margin Remained Stable Quarter Over Quarter Loan Growth Was ...

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Speech: Speech by Economic Secretary John Glen, at the Association of British Credit Unions Limited

Good afternoon everyone, and thank you for inviting me back once again. This is now the fourth opportunity I’ve had to address you. I had hoped to make a grander entrance to mark the occasion, but I’m told the pyrotechnics and AC/DC soundtrack are reserved for fifth visits. In any event, I’m grateful for the chance to speak with you in a physical capacity this year. Not least because of the special contribution you make. Especially because of the unique role played by the mutuals secto...

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