News Centre

SGX Cares Bull Charge Charity Futsal Rallies Financial Community, Local Soccer Legends And Celebrities To Raise Close To $132,000

Date 30/09/2023

• Aleksandar Duric, Nazri Nasir, Malek Awab and other local soccer legends were part of the action on the pitch

Indian Ambassador To Tehran Visits Tehran Securities Exchange

Date 30/09/2023

A high-ranking delegation from the Embassy of India in Tehran paid a visit to Tehran Securities Exchange (TSE) on Tuesday, 26 September 2023.

Statement Of CFTC Commissioner Christy Goldsmith Romero In Support Of Enforcement Case Against JPMorgan Chase For Violating Reporting & Supervision Rules Designed To Identify Systemic Risk

Date 30/09/2023

As financial regulators, we have a responsibility to guard against post-crisis complacency towards Dodd-Frank Act rules—complacency that exposes the U.S. financial system to systemic risk.  This case against JPMorgan Chase is an example of just such complacency, and I strongly support it.

Concurring Statement Of CFTC Commissioner Christy Goldsmith Romero On CFTC v. Goldman Sachs Over And Over Again

Date 30/09/2023

I support this CFTC enforcement case against Goldman Sachs, the fourth case against Goldman in my 18-month tenure at the CFTC. I commend our staff for uncovering the pervasive and persistent violations of the law by Goldman in its over-the-counter derivatives business known as swaps. However, I cannot support the settlement, as it is not strong enough to achieve the goals of law enforcement—justice, accountability, and deterrence. Given that I support bringing the case, but not the settlement, I respectfully vote to concur.

Statement Of CFTC Commissioner Kristin N. Johnson On Mitigating The Systemic Risks Of Swap Data Reporting Compliance Failures And Enhancing The Effectiveness Of Enforcement Actions

Date 30/09/2023

This week, the Commodity Futures Trading Commission (CFTC) issued three orders imposing civil monetary penalties of over $50 million combined in actions involving several of the largest financial institutions in our nation and several of the most significant institutions in global swaps markets—JP Morgan Chase Bank, N.A. and affiliated entities (JP Morgan); Bank of America, N.A. and Merrill Lynch International (BAML); and Goldman Sachs & Co. LLC (Goldman) (collectively, Respondents).  JP Morgan, BAML, and Goldman will pay civil monetary penalties of $15 million, $8 million, and $30 million respectively.  Collectively, the banks’ swap data compliance failures (the failure to report swaps to swap data repositories entirely or incorrectly reporting swap data) impacted nearly 65 million transactions.

CFTC Orders Three Financial Institutions To Pay Over $50 Million For Swap Reporting Failures And Other Violations

Date 30/09/2023

The Commodity Futures Trading Commission today issued orders simultaneously filing and settling charges with affiliates of three financial institutions for a variety of swap dealer activities including failures related to swap data reporting and, in one case, failures related to the disclosure of Pre-Trade Mid-Market Marks (PTMMMs).

CFTC Orders Goldman Sachs To Pay $3 Million For Supervision Failures And Material Omissions In A Letter To The CFTC’s Division Of Enforcement

Date 30/09/2023

The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Goldman Sachs & Co. LLC for failure to maintain adequate supervisory systems and controls to ensure its customers’ trading was not disruptive and for material omissions in a letter to the CFTC’s Division of Enforcement (DOE).

Statement Of Commissioner Christy Goldsmith Romero On The Importance Of Retail Customer Protections And Anti-Money Laundering In Precious Metals Markets And Foreign Currency (Forex) Markets - Concurring Statement In CFTC Enforcement Case Against LYFE/Squared Financial Services Limited

Date 29/09/2023

In my 18-month tenure at the CFTC, I have seen too many retail customers become victims of illegal acts in precious metals markets and foreign currency (forex) markets.  In order to protect customers, the CFTC should do all that it can to bring justice and accountability for illegal acts in precious metals and forex markets that harm retail customers, and we should strengthen our efforts to deter future illegal acts in these markets.

CFTC: Foreign Trading Platform Charged With Failure To Register And Supervise Its Anti-Money Laundering Procedures

Date 29/09/2023

The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Switzerland-based LYFE, S.A. as the successor in interest to Squared Financial Services Limited (SFSL), an Ireland-based entity that is no longer operational.

Nadex Self-Certifies XRP Cryptocurrency Touch Bracket Contracts

Date 29/09/2023

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.2(a) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”), Nadex self-certified the terms and conditions for its new XRP Cryptocurrency Touch Bracket Variable Payout Contracts. These contracts will be listed on or after trade date October 3, 2023.