News Centre

SEC Charges China-Based QZ Asset Management Ltd. And Its CEO In Pre-IPO Fraud Scheme - Firm’s U.S.-Based Holding Company QZ Global Ltd. Also Charged With Fraud

Date 27/08/2024

The Securities and Exchange Commission today announced charges against China-based investment adviser QZ Asset Management Limited a/k/a Qianze Asset Management Limited (QZ Asset), its South Dakota-based holding company QZ Global Limited, and the CEO of both entities, Blake Yeung Pu Lei a/k/a Yang Pulei (Yeung), with fraud for lying to clients and prospective clients regarding the safety of their investments, the investment adviser’s relationships with certain well-known banks and law firms, and the holding company’s initial public stock offering.

SEC Charges U.S. Navy Shipbuilder Austal USA With Accounting Fraud - Australian Parent Company Austal Limited Also Charged With Fraud

Date 27/08/2024

The Securities and Exchange Commission today announced that Austal USA, LLC, a Mobile, Alabama-based shipbuilder, and its Australia-based parent company, Austal Limited, have agreed to settle the SEC’s charges that the companies conducted a fraudulent revenue recognition scheme. As part of the settlement with the SEC, Austal USA will pay a $24 million civil penalty.

New York Department Of Financial Services Superintendent Adrienne A. Harris Secures $35 Million Settlement With Nordea For Significant Compliance Failures And Inadequate Diligence Over High-Risk Correspondent Banks - Settlement Follows Department’s Investigation Into Bank’s Role Outlined In The Panama Papers Leak

Date 27/08/2024

New York Department of Financial Services (“DFS”) Superintendent Adrienne A. Harris announced today that Nordea Bank Abp (“Nordea” or the “Bank”) has agreed to pay $35 million in penalties as part of a Consent Order entered into with the New York State Department of Financial Services (the “Department”) for significant compliance failures with respect to Bank Secrecy Act/Anti-Money Laundering (“BSA/AML”) requirements and the Bank’s failure to conduct proper due diligence of its correspondent bank partners. 

The EBA Updates Data Used For The Identification Of Global Systemically Important Institutions (G-SIIs)

Date 27/08/2024

• ​The publication covers 13 indicators used to measure systemic importance
• ​This year’s publication includes, for the first time, one additional institution
• ​The EBA data is published using user-friendly Excel and PowerBI tools, as well as bank-specific PDFs

CME Group To Launch Bitcoin Friday Futures On September 30

Date 27/08/2024

CME Group, the world's leading derivatives marketplace, today announced it will further expand its cryptocurrency derivatives offerings with the introduction of Bitcoin Friday futures (BFF) on September 30, pending regulatory review.

Mercuryo Launches Seamless On-Ramp Service On Ninji Wallet

Date 27/08/2024

Mercuryo, a leading global payments infrastructure platform, has launched on-ramp services on Ninji Wallet, an exclusive agile cryptocurrency wallet in the Injective ecosystem with seamless access, robust security and simplified asset management. 

FTSE UK Index Series – Indicative Quarterly Review Changes September 2024

Date 27/08/2024

FTSE Russell, the global index provider, advises of the following indicative changes to the FTSE 100 and FTSE 250, based on data as of Friday 23rd August 2024.

Nasdaq And CF Benchmarks To Drive Development And Adoption Of Digital Asset With New Index Options - Nasdaq® Bitcoin Index Options (XBTX) Will Track CME CF Bitcoin Real-Time Index, Providing Added Transparency, Accessibility And Reliability To Cryptocurrency Ecosystem

Date 27/08/2024

Nasdaq (Nasdaq: NDAQ), in partnership with CF Benchmarks, today announced its filing with the Securities and Exchange Commission to list and trade Nasdaq Bitcoin Index Options (XBTX). Upon regulatory approval, investors will be able to manage positions and hedge investments in cryptocurrency through options, furthering the maturity and liquidity of the asset class.

FESE Response To The ESMA Consultation On The MIFIR Review – Rts 2 Transparency For Bonds, SFP And EUA

Date 27/08/2024

FESE welcomes the MiFIR objective to “enhance and improve pre- and post-trade transparency in non-equity markets” by improving, simplifying and further harmonizing transparency in capital markets.

• FESE would like to stress that it fully supports ESMA’s approach in making sure that around 90% of total volumes and number of transactions would fall under the definition of liquid bonds. We believe that this is a significant improvement with respect to the previous regime.
• As a general comment, we doubt whether static liquidity thresholds will reflect the reality of the market as securities do not have constant liquidity and it changes based on market tendencies in various Member States over the years. Nevertheless, FESE appreciates that the new system should not be overly complicated and that it needs to reflect the new wording from the Level 1 text.
• FESE believes that ESMA should extend the definition of CLOB to other execution channels that are integral parts of the same system as the CLOB and thus, form a hybrid trading system of the exchange. The assessment of whether such other execution channels are integral parts of the same system as the CLOB should be based on a holistic basis.

ICE Collaborates With Space Intelligence To Launch ICE’s Commodity Traceability Service - Supporting Commercial Trade Compliance With EU Deforestation Regulation

Date 27/08/2024

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that ICE Benchmark Administration Limited (IBA) is collaborating with Space Intelligence, a provider of high accuracy nature mapping data, to launch the ICE Commodity Traceability Service (ICE CoT).