The Securities and Exchange Commission has voted to adopt new and amended rules to address the registration, disclosure and reporting requirements for asset-backed securities under the Securities Act of 1933 and the Securities Exchange Act of 1934. Principally, the amendments will update and clarify the Securities Act registration requirements for offerings of asset-backed securities. It will also consolidate and codify existing interpretive positions that allow modified Exchange Act reporting that is more tailored and relevant to asset-backed securities. Thirdly it will provide tailored disclosure guidance and requirements for Securities Act and Exchange Act filings involving asset-backed securities. Finally it should streamline and codify existing interpretive positions that permit the use of written communications in a registered offering of asset-backed securities. In other news the SEC has voted to publish reproposed Regulation NMS, which would contain revisions of four interrelated proposals designed to modernize the regulatory structure of the US equity markets. The substantive topics addressed are order protection, intermarket access, sub-penny pricing, and market data.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more