News Centre

Statement Of CFTC Commissioner Kristin N. Johnson Regarding Fraud And Misappropriation By A Digital Asset Ponzi Scheme

Date 16/02/2023

The Commodity Futures Trading Commission (CFTC) today filed a complaint against Armen Temurian and Vista Network Technologies (Defendants), in the U.S. District Court for the Eastern District of New York.  The complaint alleges that Defendants lured investors into their fraudulent digital asset scheme by promising to trade the Bitcoin and Ether that investors deposited and ensure a daily 2.5% return.  These fraudsters also promised that investments would “double in value within eighty days.”  Once more and again, false promises, fake investments, and disturbing losses suffered by unsuspecting investors.

US Treasury Releases Financial Report Of The U.S. Government

Date 16/02/2023

The U.S. Department of the Treasury, in consultation with the Office of Management and Budget, released the fiscal year 2022 (FY 2022) Financial Report of the U.S. Government today. The report presents the government’s current financial position and condition and discusses key financial topics and trends.

ICE Announces Record Trading And Participation Across North American Environmental Markets With Strong Growth In Renewable Energy Markets

Date 16/02/2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced record volume and participation in its North American environmental markets, with a record 270 companies trading last year.

CFTC Charges California-Based Company And Its CEO With Fraudulent Solicitation And Misappropriation Of Digital Asset Commodities

Date 16/02/2023

The Commodity Futures Trading Commission announced today it has charged Vista Network Technologies (Vista), a California-based company, and its CEO, Armen Temurian (Temurian), with fraudulent solicitation and misappropriation of customers’ digital asset commodities. In the complaint, filed in the U.S. District Court for the Eastern District of New York, the CFTC alleges the defendants fraudulently solicited over $7 million worth of bitcoin and ether from customers. The complaint also alleges the defendants misappropriated a portion of these assets in a Ponzi-like scheme.

ISDA Highlights A Selection Of Research Papers On Derivatives And Risk Management

Date 16/02/2023

The Impact of Derivatives Collateralization on Liquidity Risk: Evidence from the Investment Fund Sector

European Central Bank Working Paper Series
By Audrius Jukonis, Elisa Letizia and Linda Rousová

Statement Of CFTC Commissioner Caroline D. Pham Regarding Swaps Unique Product Identifiers (UPI) For Reporting And Transparency

Date 16/02/2023

I support the Commission’s issuance of an Order designating specific swaps product identifiers pursuant to part 45 of the Commission’s regulations.  I would like to recognize the staff of the Division of Market Oversight, Division of Data, and the Office of International Affairs, for their work on this effort. 

FTSE 100 Closes At Over 8000 For The First Time In Its History

Date 16/02/2023

FTSE Russell has announced the FTSE 100 reached 8012.53 at market close today, the first time in its history that the index has closed at over 8000.

Inflation Is A ‘Wicked Problem’ − Speech By Huw Pill, Bank Of England Chief Economist And Executive Director, Monetary Analysis, Introductory Remarks Given At The Warwick Think Tank, Warwick University

Date 16/02/2023

Speech

Good evening everyone. It is a great pleasure to be here at the Warwick Think Tank today. Thanks to the organisers for the invitation to participate.

Statement Of CFTC Commissioner Christy Goldsmith Romero In Support Of Increasing Transparency In Swap Markets Through The Use Of Unique Product Identifiers

Date 16/02/2023

Swap data reporting is fundamental to post-crisis financial regulation.  Given the important goal of the Dodd-Frank Act to bring transparency to risk in swap markets that was previously hidden, I support the Commission’s designation of unique product identifiers for swap data reporting.

BIS: Non-Bank Lending During Crises

Date 16/02/2023

Summary

Focus 

Since the Great Financial Crisis of 2007–09, non-bank financial institutions have steadily increased their global footprint. They now account for around half the global financial system's assets. Recent work on the role of non-banks in mitigating the effectiveness of monetary policy emphasises the importance of their funding models. Much less is known about the behaviour of global non-bank lending during crises, and whether relationships with non-banks benefit borrowers.