Systemically important financial market utility

Financial Services and Stablecoin Veteran David Puth Joins Intersection Crypto Ventures as Co-Managing Partner

Retrieved on: 
Thursday, October 13, 2022
Finance, Cryptocurrency, Professional Services, Technology, Web3, Crypto, USD Coin, Zero, Risk management, International finance, USDC, Fletcher, Emerging market, Organization, Tufts University, National Executive Committee of the Labour Party, ICAP, Executive Committee, Systemically important financial market utility, ICV, FX, JPMorgan Chase, Senior advisor, National Operating Committee on Standards for Athletic Equipment, State Street, CEO, CME Group, Political science, Head, Decentralized finance, Intersection, Bachelor, Coinbase, CLS Group, IGP, Cryptocurrency, Management, Forte, Circle

Intersection Crypto Ventures (ICV) the venture investment platform associated with Intersection Growth Partners (IGP or Intersection), a leading executive search firm focused on crypto and web3, today announced that David Puth has joined as Co-Managing Partner.

Key Points: 
  • Intersection Crypto Ventures (ICV) the venture investment platform associated with Intersection Growth Partners (IGP or Intersection), a leading executive search firm focused on crypto and web3, today announced that David Puth has joined as Co-Managing Partner.
  • In his new role at ICV, David will lead sourcing, evaluation, execution, and management of investment opportunities alongside Co-Managing Partner Scott Fletcher.
  • David is a highly respected financial services and crypto leader with a track record of building and managing complex global businesses, said Fletcher.
  • Intersection Crypto Ventures (ICV) is the venture investment platform associated with Intersection Growth Partners, a leading executive search firm focused on crypto and web3.

VEON announces its intention to establish new parent holding company in the UK

Retrieved on: 
Thursday, February 3, 2022
Forward-looking statement, Contract, NASDAQ, AFM, Communication, SEC, American depositary receipt, Intention, Systemically important financial market utility, Investor relations, URL, Company, U.S. Securities and Exchange Commission, Market share, VEON, United Kingdom, Euronext Amsterdam, Movement, American, ADSS, Security (finance), Online shopping, EU

AMSTERDAM, Feb. 3, 2022 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON)and (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, has today announced its intention to move its group parent company to the United Kingdom, with the introduction of a newly formed UK incorporated public limited company as the top holding company of the VEON Group (the "new UK Parent Company").

Key Points: 
  • AMSTERDAM, Feb. 3, 2022 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON)and (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, has today announced its intention to move its group parent company to the United Kingdom, with the introduction of a newly formed UK incorporated public limited company as the top holding company of the VEON Group (the "new UK Parent Company").
  • It is expected that the new UK Parent Company will replace VEON Ltd. (a Bermuda incorporated company) as the VEON Group's ultimate parent company by way of a Bermuda court-approved scheme of arrangement.
  • The change of the place of incorporation of the top holding company is expected to enable VEON and its operating subsidiaries to operate more effectively across its markets, to best position the VEON Group for the future.
  • "Establishing our new group parent company in the United Kingdom is another positive step forward as we continue to evolve our Group governance.

OCC Names Former State Street, Nomura Executive David Ye as Chief Risk Officer

Retrieved on: 
Tuesday, June 1, 2021
Banking, Professional services, Finance, Systemic risk, Economy, Risk, Articles, Systemically important financial market utility, Chief risk officer, Derivative, Options Clearing Corporation, Financial markets

OCC, the world's largest equity derivatives clearing organization , today announced the hire of David Ye as Chief Risk Officer and a member of OCCs Management Committee.

Key Points: 
  • OCC, the world's largest equity derivatives clearing organization , today announced the hire of David Ye as Chief Risk Officer and a member of OCCs Management Committee.
  • We are very pleased to welcome David to OCCs risk leadership team, said John Davidson , OCC Chief Executive Officer.
  • "As a Systemically Important Financial Market Utility, OCC provides vital stability and risk management to the U.S. listed options markets," said Scot Warren , OCC Chief Operating Officer.
  • Before joining OCC, he also served in a variety of leadership roles including Chief Risk Officer at Guardian Life Insurance of America, Chief Risk Officer at State Street Global Markets and Global Exchange, and Chief Risk Officer at Nomura Holding Americas.

Larry E. Thompson Re-Elected Vice Chairman Of The Federal Home Loan Bank Of New York

Retrieved on: 
Friday, November 20, 2020
Finance, Financial services, Money, Depository Trust & Clearing Corporation, DTCC, Clearing Corporation, Federal Reserve, BNY Mellon, Federal Home Loan Banks, Trade Information Warehouse, Systemically important financial market utility

Mr. Thompson currently serves as the vice chairman of the Board, a position he has held since January 1, 2018.

Key Points: 
  • Mr. Thompson currently serves as the vice chairman of the Board, a position he has held since January 1, 2018.
  • Mr. Thompson also currently chairs a Federal Home Loan Bank System working group on diversity and inclusion.
  • Mr. Thompson is the former vice chairman of The Depository Trust & Clearing Corporation ("DTCC") and chairman of the board of DTCC Deriv/SERV LLC.
  • The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank.

OCC Implements Phase III of Financial Safeguards Framework

Retrieved on: 
Monday, July 6, 2020
Banking, Other Professional Services, Professional services, Finance, Systemic risk, Financial markets, Systemically important financial market utility, Market liquidity, Clearing, Options Clearing Corporation

Enhancing its resiliency as a Systemically Important Financial Market Utility (SIFMU), OCC, the world's largest equity derivatives clearing organization , today announced that the U.S. Securities and Exchange Commission (SEC) approved Phase III of the company's Financial Safeguards Framework (FSF) for liquidity on June 4, 2020.

Key Points: 
  • Enhancing its resiliency as a Systemically Important Financial Market Utility (SIFMU), OCC, the world's largest equity derivatives clearing organization , today announced that the U.S. Securities and Exchange Commission (SEC) approved Phase III of the company's Financial Safeguards Framework (FSF) for liquidity on June 4, 2020.
  • The implementation of the Financial Safeguards Framework Phase III enhancements is an important milestone for OCC, our clearing members, and market participants, said Scot Warren , OCC Chief Operating Officer.
  • The two-day notification period will allow OCC to include all available clearing fund cash into OCCs liquidity resources calculations.
  • More information about OCC is available at www.theocc.com
    View source version on businesswire.com: https://www.businesswire.com/news/home/20200706005437/en/

OCC Named Best Clearing House - Equities by Markets Media

Retrieved on: 
Thursday, May 14, 2020
Banking, Other Professional Services, Professional services, Finance, Financial markets, Finance, Economy, Systemic risk, Futures exchanges, Central counterparty clearing, Clearing house, Futures contract, Clearing, Systemically important financial market utility, Derivative, Options Clearing Corporation

OCC, the world's largest equity derivatives clearing organization, announced today that it was named Best Clearing House Equities by Markets Media for the third consecutive year.

Key Points: 
  • OCC, the world's largest equity derivatives clearing organization, announced today that it was named Best Clearing House Equities by Markets Media for the third consecutive year.
  • As a Systemically Important Financial Market Utility, OCC plays a crucial role in providing resiliency, stability and integrity to financial markets and the broader economy, so we thank Markets Media for this recognition.
  • OCC is the world's largest equity derivatives clearing organization and the foundation for secure markets.
  • Named 2020 Best Clearing House - Equities by Markets Media, OCC now provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions.

Phase II of OCC Financial Safeguards Framework Approved by SEC

Retrieved on: 
Wednesday, January 8, 2020
Banking, Other Professional Services, Professional services, Finance, Systemic risk, Economy, Financial markets, Finance, Money, Bank regulation, Systemically important financial market utility, Stress test, Clearing, Market liquidity, Derivative

Enhancing its resiliency as a Systemically Important Financial Market Utility (SIFMU), OCC, the world's largest equity derivatives clearing organization , today announced that the U.S. Securities and Exchange Commission (SEC) approved Phase II of the company's Financial Safeguards Framework (FSF) on December 11, 2019.

Key Points: 
  • Enhancing its resiliency as a Systemically Important Financial Market Utility (SIFMU), OCC, the world's largest equity derivatives clearing organization , today announced that the U.S. Securities and Exchange Commission (SEC) approved Phase II of the company's Financial Safeguards Framework (FSF) on December 11, 2019.
  • The approved changes to OCCs rules, clearing fund, and stress testing and margin methodology were implemented on December 16, 2019.
  • We appreciate the work by the SEC to approve this important measure.
  • Dale Michaels , Executive Vice President, Financial Risk Management, added, Regulatory approval of Phase II of our Financial Safeguards Framework provides OCCs clearing member firms and liquidity providers with a significantly improved stress testing and margin methodology along with enhanced resources.

OCC Announces Four New Senior Leaders

Retrieved on: 
Thursday, June 13, 2019
Professional services, Banking, Finance, Other Professional Services, Systemic risk, Economy, Finance, Money, Financial markets, Systemically important financial market utility, Clearing, Options Clearing Corporation

OCC, the worlds largest equity derivatives clearing organization , today announced the appointment of four new senior leaders, including a new General Counsel.

Key Points: 
  • OCC, the worlds largest equity derivatives clearing organization , today announced the appointment of four new senior leaders, including a new General Counsel.
  • We are very pleased to bring these talented individuals on board, said OCC Chief Executive Officer John Davidson .
  • As a Systemically Important Financial Market Utility, OCC works to ensure confidence in the financial markets and the broader economy," said Scot Warren , OCC Chief Operating Officer.
  • More information about OCC is available at www.theocc.com
    View source version on businesswire.com: https://www.businesswire.com/news/home/20190613005575/en/