News Centre

Monetary Authority Of Singapore Lays Foundation For Safe And Innovative Use Of Digital Money In Singapore

Date 16/11/2023

ASIC Chair And AFSA Chief Executive Sign Refreshed Memorandum Of Understanding

Date 16/11/2023

ASIC Chair Joe Longo and the Australian Financial Security Authority (AFSA) Chief Executive Tim Beresford signed a refreshed Memorandum of Understanding (MoU), following the last update in 2014.

Monetary Authority Of Singapore Launches Digital Platform For Seamless ESG Data Collection And Access

Date 16/11/2023

The Monetary Authority of Singapore (MAS) today launched Gprnt  (pronounced “Greenprint”), an integrated digital platform that harnesses technology to simplify how the financial sector and real economy collect, access and act upon environmental, social and governance (ESG) data to support their sustainability initiatives.

Compliance And Enforcement In Retail Credit And Financial Services - Address By ASIC Deputy Chair Sarah Court At The Australian Retail Credit Association Credit Summit, 16 November 2023

Date 16/11/2023

KEY POINTS

• With an increasing number of consumers experiencing financial distress and difficulty due to cost-of-living pressures, ASIC is calling for lenders to take all necessary steps to avoid either causing or compounding these difficult circumstances through poor conduct.
• ASIC has taken enforcement action in the credit sector and will continue to do so. We are particularly concerned where it appears to us that business models have been designed to avoid consumer credit protections.
• Our focus on protecting vulnerable consumers and those in financial hardship will continue to guide our oversight of the design and distribution of credit and credit-like products.

CFTC: Federal Court Orders Illinois Man And His Entities To Pay Over $20 Million In Restitution And Penalties For Commodity Pool Ponzi Scheme

Date 15/11/2023

The Commodity Futures Trading Commission today announced the U.S. District Court for the Northern District of Illinois entered an order of final judgment against Chicago-based Phillip Galles and the various Tyche entities he controlled: Tyche Asset Management LLC, Tyche Master Fund Ltd, Tyche Asset Trade LLC, Tyche Offshore Fund Ltd., Tyche Onshore Fund LP, Tyche PML Master Fund Ltd., Tyche PML Onshore Fund LP, Tyche Onshore Fund GP LLC, and Tyche Asset Trade LLC.

Robinhood Markets, Inc. Reports October 2023 Operating Data

Date 15/11/2023

Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for October 2023:

• Net Cumulative Funded Accounts (NCFA) at the end of October were 23.3 million, up approximately 30 thousand from September 2023(1).
  
  
• Assets Under Custody (AUC) at the end of October were $84.6 billion, down 2% from September 2023. Net Deposits were $1.0 billion in October, translating to a 14% annualized growth rate relative to September 2023 AUC. Over the last twelve months, Net Deposits were $16.7 billion, translating to an annual growth rate of 24% relative to October 2022 AUC.
  
  
• Trading Volumes in October were higher for equities, options, and crypto compared to September 2023. Equity Notional Trading Volumes were $50.8 billion (up 15%). Options Contracts Traded were 96.6 million (up 11%). Crypto Notional Trading Volumes were $2.3 billion (up 92%).
  
  
• Margin Balances at the end of October were $3.5 billion, down 3% from September 2023.
  
  
• Cash Sweep Balances at the end of October were $13.9 billion, up $0.3 billion (2%) from the end of September 2023.

CFTC Commissioner Pham To Speak In Singapore on November 15-16

Date 15/11/2023

NGX Regulation Limited’s "EquipHER" Initiative For Women's Empowerment In Nigeria's Equity Market

Date 15/11/2023

In adherence to its role as a Self-Regulatory Organisation (SRO) committed to advancing market development and fostering a robust and sustainable equity market, NGX Regulation Limited (NGX RegCo) introduces "EquipHER." An initiative dedicated to empowering women and driving inclusive growth within Nigeria's Equity Market.

Readout: US Deputy Secretary Of The Treasury Wally Adeyemo’s Meeting With Deputy Prime Minister And Minister For Finance Sigrid Kaag Of The Netherlands

Date 15/11/2023

Today, Deputy Secretary of the Treasury Wally Adeyemo met with the Netherlands’ Deputy Prime Minister and Minister for Finance Sigrid Kaag. Deputy Secretary Adeyemo and Deputy Prime Minister Kaag exchanged views on global economic issues and areas of bilateral collaboration. Deputy Secretary Adeyemo discussed how allies and partners can best support Ukraine and joint work on international financial institutions. Deputy Secretary Adeyemo thanked Deputy Prime Minister Kaag for the Netherlands’ commitment to combating Russia’s unjustified aggression against Ukraine.

New York State Department of Financial Services Superintendent Adrienne A. Harris Adopts New Regulatory Guidance Regarding The Listing Of Virtual Currencies - Expectations Set Forth Nation-Leading Requirements For The Virtual Currency Industry

Date 15/11/2023

New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris today issued guidance which adopts enhanced requirements for coin-listing and delisting policies of DFS-regulated virtual currency entities, updating the prior framework issued by the Department in 2020.