News Centre

BaFin Issues Warning About A Case Of Identity Theft Targeting Blueport, Inc.

Date 23/11/2023

The Federal Financial Supervisory Authority (BaFin) has become aware that unknown perpetrators are using the name Blueport, Inc. to contact consumers on an unsolicited basis. This is a case of identity theft against the US company of the same name.

Bank Of England And UK Financial Conduct Authority - Memorandum Of Understanding On The Supervision Of Financial Market Infrastructure And Payment Systems

Date 23/11/2023

The Bank of England (Bank) co-operates with both the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) to supervise financial market infrastructure (FMI) and payment systems, respectively.

tetherusdtcoins.com: BaFin Investigates Website Operator

Date 23/11/2023

The Federal Financial Supervisory Authority (BaFin) warns consumers about the website tetherusdtcoins.com. According to information available to BaFin, the operators are providing financial and investment services on this website without the required authorisation. The content of the website is almost identical to that of other dubious websites which have already been the subject of warnings by BaFin dated 12 September and 8 November.

BaFin: Blue Energy Group AG: Grounds To Suspect Shares Being Offered To The Public Without The Required Prospectus

Date 23/11/2023

BaFin has sufficient grounds to suspect that Blue Energy Group AG is offering its shares to the public in Germany without the required prospectus. There is currently no evidence to suggest that the company is exempt from the prospectus requirement.

BIS: Monetary Policy, Financial Conditions And Real Activity: Is This Time Different?

Date 23/11/2023

Key takeaways

• During the current monetary policy tightening episode, financial conditions co-moved closely with policy rates, especially in the initial stages but with some differentiation across countries.
• For advanced economies, the tightening of financial conditions was stronger this time than in the past, while its full impact on real activity appears to be taking longer than usual.
• Financial conditions may continue tightening long after central banks stop raising policy rates, with possible implications for financial stability

How To Flex Your Organisation's Power Through Culture And Conduct, Speech By Emily Shepperd, UK Financial Conduct Authority Chief Operating Officer And Executive Director Of Authorisations At City & Financial's Culture And Conduct Forum

Date 23/11/2023

• Highlights

• As firms look to raise the bar under the Consumer Duty, they need to consider how their own culture can help to drive better outcomes.  
• New, flexible proposals on D&I will help firms to drive changes that are ultimately beneficial, but it’s important that the purpose of this is understood and that the right policies and procedures are in place to ensure an inclusive culture with the right incentives.    
• Enabling people to contribute, challenge and add value means listening, looking at processes and making changes to ensure people can perform at their best.

LME Clear EMIR UK Refit Member Changes

Date 23/11/2023

ESMA published their Final Report “Technical standards on reporting, data quality, data access and registration of Trade Repositories under EMIR REFIT” on 17th December 2020 (Final Report). The go live date is 29th April 2024. 2. The FCA published a joint FCA/Bank of England Policy Statement (PS 23/2) alongside the final amendments to Technical Standards and new rules for Trade Repositories (TRs) in relation to changes to the derivatives reporting framework under UK EMIR, on 24th February 2022. The go live date is 30th September 2024. 3. Changes to LME Clear Member reports, and feeds, will be required to facilitate Members’ individual reporting. This document will focus on these changes. 4. We encourage all Members to use these reports to inform their EMIR reporting. However, LME Clear will provide further advice for members who want to access the data from alternative sources.

CCData: Analysing The Aftermath Of Binance And The DOJ

Date 23/11/2023

Two days ago, Binance founder and former CEO, Changpeng Zhao (CZ) was required to step down from his role as he pleaded guilty to breaking anti-money laundering laws in the US. This resolves a year-long investigation into Binance and CZ by the Commodity Futures Trading Commission (CFTC) and Department of Justice (DOJ). 

Borsa İstanbul: Announcement On Opening To The Consultation Of Stakeholders About Increase In The Number Of Periodic Reviews Of BIST Dividend Indices

Date 23/11/2023

Borsa İstanbul Management;

a)     In order to the increase the representativeness of the theme, periodic reviews are done four times in a year for February-April, May-July, August-October and November-January periods,

b)     Constituent companies which have announced not to distribute any cash dividend at the current general assembly meeting are excluded from the indices effective from the first Index Period,

c)     Companies not in the indices which have announced to distribute cash dividend at the current general assembly meeting and distributed cash dividends for the last 3 years as a general rule of the index are included in the indices effective from the first Index Period

Bank Of England: The Modern Gatekeeper − Speech By Nathanaël Benjamin, Given At TheCityUK

Date 23/11/2023

he PRA’s authorisation’s function plays an important role as a gateway into UK financial services. In this speech Nat Benjamin talks about how the function has adapted to the tumult of recent years and offers a vision for a streamlined but robust approach to regulatory transactions that supports the UK's competitiveness in the post-Brexit era.