News Centre

CME Group U.S. Treasury Complex Surpasses Record 34 Million Contracts

Date 29/05/2024

CME Group, the world's leading derivatives marketplace, today announced that volume in its deeply liquid U.S. Treasury complex set a new record of 34,350,339 contracts traded on May 28, surpassing the previous record of 33,322,608 contracts on November 27, 2023.

US Treasury Releases First Ever Non-fungible Token Illicit Finance Risk Assessment

Date 29/05/2024

Today, the U.S. Department of the Treasury published a 2024 Non-fungible Token (NFT) Illicit Finance Risk Assessment. The risk assessment explores how vulnerabilities associated with NFTs and NFT platforms may be exploited by illicit actors for money laundering, terrorist financing, and proliferation financing. 

CFTC Chairman Behnam To Keynote At The Piper Sandler Global Exchange & Trading Conference 2024

Date 29/05/2024

US Office Of The Comptroller Of The Currency Launches Project REACh 2.0

Date 29/05/2024

The Office of the Comptroller of the Currency (OCC) today announced the launch of REACh 2.0 at its Project REACh Financial Inclusion Summit.

“The Five Principles Of Effective Cooperation In SEC Investigations,” Remarks At Securities Enforcement Forum West 2024, Gurbir S. Grewal, Director, SEC Division Of Enforcement, Silicon Valley, CA, May 23, 2024

Date 29/05/2024

Bruce [Carton, founder/editor of Securities Docket], thank you not just for the introduction, but also for the invitation to join you today.

CalPERS Votes Against ExxonMobil Directors For Anti-Shareholder Lawsuit

Date 29/05/2024

CalPERS voted against all sitting members of ExxonMobil’s board of directors, including Chief Executive Officer Darren Woods, at the company’s annual general meeting on Wednesday, May 29.

Remarks Of CFTC Chairman Rostin Behnam At The Hellenic Republic Capital Market Commission Conference “Climate In The Center Of Economy,” Athens, Greece

Date 29/05/2024

Thank you, Vasiliki, for the invitation to join you today, and to the Hellenic Capital Market Commission for hosting this year’s IOSCO Annual Meeting.

ISDA: Preparing For The Dynamic Risk Management Accounting Mode

Date 29/05/2024

The International Accounting Standards Board (IASB) has a project underway to develop a new model to account for dynamic risk management (DRM) activities under International Financial Reporting Standards (IFRS). It is widely expected that banks will need to apply this model, which could replace existing macro-hedge accounting models within IFRS. The IASB will also explore whether the DRM model could be applied to other risk types at a future date.

SEC Charges Advisory Firm Mass Ave Global And Co-Founder And CEO Winston Feng With False Statements And Undisclosed Conflicts

Date 29/05/2024

The Securities and Exchange Commission today instituted settled proceedings against formerly registered investment adviser Mass Ave Global Inc. (MassAve) and its co-founder and CEO Winston M. Feng for making false and misleading statements to investors in MassAve’s flagship opportunity fund. To settle the SEC’s charges, MassAve agreed to pay a civil penalty of $350,000, and Feng agreed to pay a civil penalty of $250,000. In addition, Feng, who is also the chief investment officer and portfolio manager at MassAve, is suspended for 12 months from industry-related work.

Finansinpektionen Intends To Extend Banks’ Risk Weights Floors For Mortgages And Commercial Real Estate Lending

Date 29/05/2024

Finansinpektionen currently assesses that risks to Swedish mortgages and commercial properties remain and these will not be fully addressed when the EU’s second banking package enters into force on 1 January 2025. Therefore, FI intends to start the process during next year to extend the risk weight floors for mortgages and commercial real estate lending to at least 2027.