News Centre

Circular Of Shanghai International Energy Exchange On Adjusting The Trading Limit Of SCFIS (Europe) Futures Contracts

Date 23/02/2024

Shanghai International Energy Exchange has released its Circular on Adjusting the Trading Limit of SCFIS(Europe) Futures Contracts as follows:

Singapore Police And Monetary Authority Of Singapore: Two Investigated For Suspected Fraudulent Trading And Suspected Failure To Comply With Obligations As A Licensed Payment Services Provider

Date 23/02/2024

On 23 February 2024, the Police and Monetary Authority of Singapore (“MAS”) jointly commenced investigations into a 43-year-old woman and 34-year-old man, who are the Director and Compliance Manager of Samlit Moneychanger Pte. Ltd. (“Samlit”) respectively, for their suspected involvement in Samlit carrying on a business for a fraudulent purpose and suspected failure to comply with various obligations as a licensed payment services provider.

What’s The Rush? Federal Reserve Governor Christopher J. Waller, At The Finding Forward Speaker Series, University Of St. Thomas, Opus College Of Business, Minneapolis, MN

Date 23/02/2024

Thank you, Dean Dunham and the University of St. Thomas for the opportunity to speak to you today. Given that this event is co-sponsored by the Notre Dame Club of Minnesota, and I taught at Notre Dame for 13 years, I will lead off with this thought: Go Irish!

SEC Updates Ethics Rules Governing Securities Trading by Agency Personnel

Date 22/02/2024

The Securities and Exchange Commission today adopted amendments to its ethics rules to strengthen and modernize its ethics compliance program. The amendments update the SEC’s existing, robust ethics requirements that govern the securities holdings and transactions of all agency employees, their spouses, and minor children. The rule was adopted jointly with the Office of Government Ethics. 

Federal Reserve Governor Lisa D. Cook, At "Macrofinance In The Long Run: New Insights On The Global Economy" 2024 Annual Conference Of The Julis-Rabinowitz Center For Public Policy & Finance At Princeton's School Of Public And International Affairs, Princeton, New Jersey

Date 22/02/2024

Thank you, Gianluca, and thank you for the opportunity to speak to you today. Let me begin by recognizing the Department of Economics at Princeton for its history of nurturing and supporting scholars in reaching their full potential. Some of the most important, transformative conversations I have had in my career have happened on this campus and with economists making significant contributions to the field. Let me start with the last time I was here. When I was a post doc at Stanford, I emailed Alan Krueger out of the blue and attached an early version of a new paper, asking him if he would meet with me for an hour to discuss it. Because of his experience with large data sets, and his curiosity, thoughtfulness, and generosity, one hour turned into three hours. And he brought along a new assistant professor, Dean Karlan. Not only did I learn a tremendous amount from Alan during that encounter, almost ten years later, I learned even more from him working as a senior economist at the Council of Economic Advisers when Alan was Chair. It is a great legacy of your department that you provided the conditions and support for Alan to make his seminal contributions to economics.

SEC Charges Husband Of Energy Company Manager With Insider Trading - Spouse Purchased Stock Using Non-Public Information About Planned Merger

Date 22/02/2024

The Securities and Exchange Commission today charged Tyler Loudon of Houston, Texas, with insider trading ahead of a February 2023 announcement that London-based oil and gas company BP p.l.c. agreed to acquire TravelCenters of America Inc., a full-service truck stop and travel center company headquartered in Ohio. Loudon allegedly made $1.76 million in illegal profits from his trading.

FIA January 2024 SEF Tracker

Date 22/02/2024

False Claims Act Whistleblowers Recovered Over $2.3 Billion In FY 2023

Date 22/02/2024

In the 2023 Fiscal Year, the Department of Justice (DOJ) recovered over $2.3 billion in qui tam whistleblower cases, according to agency’s False Claims Act (FCA) statistics released today. The DOJ recovered a total of $2.68 billion from FCA settlements and judgments over the course of the year: meaning that whistleblower cases were responsible for more than 85% of the DOJ’s total FCA recoveries.

NZX Full Year 2023 Results & Annual Report Published

Date 22/02/2024

NZX Limited today published its full year financial results and annual report for the 12 months ended 31 December 2023.

Objection Of CFTC Commissioner Christy Goldsmith Romero To No-Action Letter That Rolls Back Dodd-Frank Act Reforms And Removes Counterparty Protections

Date 22/02/2024

I object to the CFTC staff issuing a no-action letter rolling back critical Dodd-Frank Act reforms intended to address causes of the 2008 financial crisis.  The Dodd-Frank Act directed the Commission to impose business conduct standards on swap dealers to reverse the caveat emptor nature of pre-crisis swaps markets.  These business conduct rules promulgated by the Commission in 2012 include that swap dealers shall disclose to a potential counterparty material information that reasonably allows the counterparty to assess “the material incentives and conflicts of interest” the swap dealer may have before entering into a swap.  Those disclosures “shall include…the mid-market mark of the swap.”