The Securities and Exchange Board of India has proposed opening the commodity-derivatives market to investment by mutual funds and portfolio managers. SEBI's consultation paper on a possible regulatory framework is open for comment until the end of December.
Impact Shares, a startup in Texas, plans to introduce exchange-traded funds that give back to nonprofit organizations and that focus on companies with good track records on the treatment of African-Americans and women. For example, the Impact Shares YWCA Women's Empowerment ETF includes shares of companies highly rated on women's issues.
As part of finalizing regulatory reform, the Basel Committee on Banking Supervision says it will "monitor the impact of the Basel III leverage ratio's treatment of client-cleared derivative transactions."
The Commodity Futures Trading Commission has approved bitcoin-derivatives trading on three exchanges, giving investors access to the asset class. While interest in bitcoin futures has jumped, concerns remain about risks.
China's Dalian Commodity Exchange will open iron-ore futures trading to international investors using the renminbi for quotation and settlement, says Chen Wei, director of industrial products. Foreign participants must open dedicated accounts at a designated Chinese depository bank and trade in US dollars and offshore renminbi.
Join FIA and SIFMA Asset Management Group for the 2018 Asset Management Derivatives Forum from Feb. 7-9 in Dana Point, Calif. Attracting more than 300 executives, this forum convenes the buy side and the sell side to examine the latest developments in global derivatives regulation, operations, markets and trading that are affecting the buy side. Early-bird rates end Dec. 15. Register now!
The Securities and Exchange Commission has awarded $4.1 million to an anonymous whistleblower who reported a long-running securities law violation and assisted in the subsequent investigation. "The breadth of the SEC's whistleblower program is demonstrated by this case, where the whistleblower, a foreign national working outside of the United States, affirmatively stepped forward to shine a light on the wrongdoing," SEC official Jane Norberg said.
Speculation has begun on who will replace Democrat Al Franken in the Senate, and FSR President and CEO Tim Pawlenty, a former governor of Minnesota, is being named as a potential candidate.
Uber will sell 51% of its rental car business in Singapore to ComfortDelGro for $218 million in a joint venture that will give ComfortDelGro's taxi drivers the ability to be hailed through Uber's app. The companies say they're working on further "partnership opportunities" that will be announced in the next few months.