News Centre

FDIC Creates A Deposit Insurance National Bank Of Santa Clara To Protect Insured Depositors Of Silicon Valley Bank, Santa Clara, California

Date 10/03/2023

Silicon Valley Bank, Santa Clara, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect insured depositors, the FDIC created the Deposit Insurance National Bank of Santa Clara (DINB). At the time of closing, the FDIC as receiver immediately transferred to the DINB all insured deposits of Silicon Valley Bank.

Nigerian Exchange Weekly Market Report For Week Ended March 10th, 2023

Date 10/03/2023

A total turnover of 1.023 billion shares worth N20.221 billion in 18,650 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.910 billion shares valued at N18.436 billion that exchanged hands last week in 20,311 deals.

FINMA Sees No Sufficient Grounds For Proceedings Following Investigations Into Statements On Outflows Of Client Funds At Credit Suisse

Date 10/03/2023

The Swiss Financial Market Supervisory Authority FINMA has investigated possible violations of financial market law in connection with public statements made by the Chairman of the Board of Directors of Credit Suisse regarding outflows of client funds. It does not see sufficient grounds to open supervisory proceedings in this case. 

CFTC Staff Announces Modifications To The Technical Specification For Parts 43 And 45

Date 10/03/2023

The Commodity Futures Trading Commission staff today announced the publication of modifications to Version 3.1 of the CFTC Technical Specification, issued in August 2022. The Technical Specification provides detailed instructions for swap data reporting and public dissemination requirements under Parts 43 and 45 of CFTC regulations. The Technical Specification includes the definitions, formats, and allowable values for data elements that are to be reported to swap data repositories (SDRs).

Testimony Of US Secretary Of The Treasury Janet L. Yellen Before The Committee On Ways And Means, U.S. House Of Representatives

Date 10/03/2023

Chairman Smith, Ranking Member Neal, and members of the Committee: thank you for inviting me to discuss the President’s Fiscal Year 2024 Budget. The President’s proposals prioritize growth-enhancing investments that will build on the economic progress we’ve made, along with significant tax reforms that will substantially reduce the deficit, improve our long-run fiscal outlook and reduce fiscal risks.

UK Financial Conduct Authority - Blackmore Bond PLC: Correspondence Regarding The Acquisition Of CGS Claims Funding

Date 10/03/2023

We are aware of at least one Blackmore investor receiving a letter falsely claiming to be from Oak Fund Services (Guernsey) Limited (‘Oak’), stating that they have been successful in generating CGS Claims funding and asking consumers to contact them urgently.

ICE Benchmark Administration Announces Intention To Launch SOFR Spread-Adjusted ICE Swap Rate® As A Benchmark

Date 10/03/2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that ICE Benchmark Administration Limited (IBA) plans to launch U.S. dollar (USD) SOFR Spread-Adjusted ICE Swap Rate® for use as a benchmark in financial contracts and financial instruments by licensees on July 3, 2023.

Malawi Stock Exchange Weekly Summary, 10 March 2023

Date 10/03/2023

Click here to download Malawi Stock Exchange's weekly summary.

CME Group FX Futures And Options Reach New Volume And Open Interest Records

Date 10/03/2023

CME Group, the world's leading derivatives marketplace, today announced its foreign exchange futures and options reached a new single-day volume record of 3.15 million contracts on March 8, 2023, equivalent to $296 billion in USD notional.

CFFEX: Notice On Listing Of New China Government Bond Futures Contracts

Date 10/03/2023

• The TF2312 5-year China Government Bond Futures contract is scheduled to be listed on 13/03/2023 at the base price of RMB100.37.
• The T2312 10-year China Government Bond Futures contract is scheduled to be listed on 13/03/2023 at the base price of RMB99.515.
• The TS2312 2-year China Government Bond Futures contract is scheduled to be listed on 13/03/2023 at the base price of RMB100.505.