News Centre

US Acting Comptroller Of The Currency Discusses Crypto And The Regulatory Perimeter

Date 11/10/2022

Acting Comptroller of the Currency Michael J. Hsu today discussed cryptocurrency and the regulatory perimeter in remarks to the Harvard Law School and Program on International Financial Systems' Roundtable on Institutional Investors and Crypto Assets. Mr. Hsu's comments discussed the need to clarify supervisory expectations related to crypto activities and the role of regulators to ensure safety and soundness while promoting responsible innovation.

ISDA Responds To CFTC On CCP Governance

Date 11/10/2022

On October 11, ISDA responded to the Commodity Futures Trading Commission’s (CFTC) notice of proposed rulemaking (NPR). With the central role governance plays in a derivatives clearing obligation’s (DCO) risk management, we believe this NPR is very timely and will improve governance and risk management of DCOs. We, however, believe that this NPR is only the beginning and would welcome further improvements in DCO governance.

CFTC: Federal Court Orders Texas Fraudulent Forex Trader And His Company To Pay Over $940,000

Date 11/10/2022

The Commodity Futures Trading Commission today announced the U.S. District Court for the Southern District of Texas entered a consent order on October 7 for a permanent injunction, monetary sanctions, and equitable relief against Troy Mason of Grand Prairie, Texas, and his company, Ztegrity, Inc., formerly based in Houston, Texas.

Bitfinex Doubles Down On Commitment To Global Bitcoin Education

Date 11/10/2022

Bitfinex (https://www.bitfinex.com/), a state-of-the-art digital token trading platform, announced today the launch of a new Bitcoin initiative that will boost access to financial education and freedom to people across the globe. 

The Auditor’s Responsibility For Fraud Detection, Paul Munter, SEC Acting Chief Accountant, Oct. 11, 2022

Date 11/10/2022

Introduction – The Impact of Fraud on Investors 

Fraud causes significant losses to investors each year. Frauds that affect issuers and their investors may involve asset misappropriation, financial reporting misconduct, or, more generally, corruption. The Association of Certified Fraud Examiners (“ACFE”) estimates that organizations lose 5% of revenue to fraud each year, an estimated loss of $4.7 trillion on a global scale.

US Treasury Announces Two Enforcement Actions For Over $24M And $29M Against Virtual Currency Exchange Bittrex, Inc. - Enforcement Actions By OFAC And FinCEN For Apparent Violations Of Sanctions And Anti-Money Laundering Obligations

Date 11/10/2022

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN) announced settlements for over $24 million and $29 million, respectively, with Bittrex, Inc. (Bittrex), a virtual currency exchange based in Bellevue, Washington. This is OFAC’s largest virtual currency enforcement action to date. 

MIAX Options Exchange - Experienced An MEI Connectivity Issue - All Systems Operating Normally

Date 11/10/2022

Please be advised that the MIAX Options Exchange experienced an MIAX Express Interface (MEI) connectivity issue at approximately 09:50:40 through 09:51:18.  MIAX is investigating the root cause.

Chronograph Announces Investment Led By Summit Partners - Leader In Private Markets Technology For Institutional Investors Plans To Leverage New Investment To Continue Product Expansion And Support Global Growth

Date 11/10/2022

Chronograph, a leading private markets technology company, today announced a 'Series X' funding round led by global growth equity investor Summit Partners. Existing investors Carlyle (NASDAQ: CG) and Nasdaq Ventures also participated in the round. The new investment will position Chronograph to further accelerate global growth and development of the company's robust portfolio monitoring, reporting, and analytics solutions.

FSB Chair Sets Out Ongoing Work To Strengthen Financial Resilience Amidst Growing Financial Stability Challenges

Date 11/10/2022

The Financial Stability Board (FSB) today published a letter from its Chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors ahead of their meeting on 12-13 October.

ACER Finds That EU Electricity Congestion Income Is Mainly Used To Maintain And Improve Cross-Zonal Capacities Or Is Saved For Future Use

Date 11/10/2022

The EU Agency for the Cooperation of Energy Regulators (ACER) publishes today its first monitoring report on the use of congestion income in 2021 (‘Report’).