The Global Foreign Exchange Division (GFXD) of GFMA provides comments to European Securities and Markets Authority (ESMA) on the MiFID II/MiFIR Discussion/Consultation Papers issued by ESMA on the 22 May 2014. The Global Foreign Exchange Division (GFXD) of GFMA provides comments toASIC, HKMA, MAS and SFC on the Adoption of the CPMI-IOSCO Technical Guidance onHarmonisation of the Unique Transaction Identifier (UTI). GFMA in partnership with FIAand the InternationalSwaps and Derivatives Association (ISDA) are pleased to provide comments on theEuropean Commission’s draft Delegated Acts under the Benchmark Regulation. GFMA, in partnership with FIA and the International Swaps and Derivatives Association3 (ISDA), provide comments on the FCA’s Consultation Paper CP17/17 Handbook changes to reflect the application of the EU Benchmarks Regulation. GFMA in partnership with FIA and the International Swaps and Derivatives Association (ISDA) provide comments on ESMA’s Consultation Paper on Guidelines detailing the obligations which apply to non-significant bench-marks under the Benchmarks Regulation. GFMA, the Institute of International Finance (IIF), and the International Swaps and Derivatives Association (ISDA) provides comments to the Basel Committee on the Basel Committee on Banking Supervision’s (BCBS) proposal on changes to the treatment of extraordinary monetary policy operations in the Net Stable Funding Ratio (NSFR).

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It is the means by which cross border payments are effected and currency risk is managed in the world’s financial system. It differs from the OTC derivative markets in that it has many more participants and transactions, which are much simpler and short term. We are therefore concerned with treating the vast majority of FX transactions, which are simple exchanges of currency, as if they are “derivatives”. SIFMA, The Clearing House Association L.L.C. (TCH), the Enterprise Data Management Council (EDM Council), the Financial Services Roundtable (FSR), the Futures Industry Association (FIA), the International Swaps and Derivatives Association, Inc. (ISDA), the Investment Company Institute (ICI), and the Managed Funds Association (MFA) provide comments to the U.S. Department of Treasury on the Department’s Statement on Legal Entity Identification for Financial Contracts (LEI Statement). The associations offer their experience and expertise to help the Treasury Department’s Office of Financial Research (OFR) and other U.S. and foreign regulators develop and establish a system of uniform legal entity identifiers (LEIs). The associations believe a system of uniform LEIs will help Treasury carry out the mandate of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) for Treasury to measure and evaluate systemic risk in the financial system.

The Global Foreign Exchange Division (GFXD) of the GFMA provides comments tothe Reserve Bank of India on its Discussion Paper on Margin Requirements forNon-Centrally Cleared Derivatives. The Global Foreign Exchange Division (GFXD) of the GFMA provides comments to Australian Prudential Regulation Authority (APRA) on the Treatment of Securities ConversionTransactions under the Margin and Risk Mitigation Standards. GFMACommodities Working Group (CWG) provided this paper on economically equivalentOTC contracts (EEOTC) to HM Treasury as a follow up from their March 2016 meeting. The Global Foreign Exchange Division (GFXD) of the GFMA provides comments to CPMI and IOSCO on their Consultative Report on theHarmonisation of Critical OTC Derivatives Data Elements (Other than UTI andUPI) – Second Batch. The Global Foreign Exchange Division (GFXD) of the GFMA provides comments to Korean Financial Supervisory Service (FSS) Business on its Guidelines onMargin Requirements for Non-Centrally Cleared OTC Derivatives. The Global Foreign Exchange Division (GFXD) of the GFMA provides comments to ANNA-DSB on their ISIN Technology and Operations Consultation.

Gain access to valuable and comparable market data for over 190+ countries, territories, and regions with our Market Insights. Get deep insights into important figures, e.g., revenue metrics, key performance indicators, and much more. With future restrictions penalizing the sale of new cars running only on petrol or diesel, the race is on worldwide for EV manufacturers to lower the greenhouse gas emissions their models release into the atmosphere. Thus, it comes as no surprise that the size of the global market for electric vehicles is tipped to grow substantially over the coming years. The high rates of inflation in 2022 meant that the real terms value of American wages took a hit. Many Americans report feelings of concern over the economy and a worsening of their financial situation.

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Therefore, none of the points outlined in the supplemental letter should be construed to supersede or override any of our original requested alternative treatments for equities or non-equities instruments. GFMA provides comments to the Chair of the Group ofGovernors and Heads of Supervision (GHOS) in support of appropriately calibrated global minimum standards. GFMA endorses the Committee’s objective in revising the risk-based capitalframework to achieve an appropriate balance between its risk sensitivity,simplicity and comparability and welcomes the GHOS commitment that theserevisions should not, in aggregate, lead to a significant increase in overallcapital levels. GFMA has published the results of a survey of global financial institutions’ sustainable finance strategies and activities. The survey, conducted in May and June of 2019, is based on the anonymized and aggregated responses of 22 of the largest globally active financial and capital market participants.

July 2023 Digital Finance Monthly Update

Our macrodata are constructed via profiling and identifying the smallest revenue generators such as stores. That microprofiling enables Global Markets clients in obtaining reliastic, uptodate, and localized market indicators. The Securities and Exchange Board of India (SEBI) governs all stock activities in the country. To trade (buy and sell) these securities, they must first list themselves on stock exchanges. The Indian stock market is undoubtedly influenced by several variables that include both macroeconomic and microeconomic factors. While the macroeconomic variables impact a whole economy or sectors, the microeconomic factors focus on the individual equities in question.