News Centre
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CFTC: Federal Court Orders Affiliate Marketer To Pay More Than $13.8 Million For Binary Options Fraud
Date 13/10/2020
The Commodity Futures Trading Commission announced today that the U.S. District Court for the District of Hawaii entered an order of default judgment on September 14, 2020 finding that Peter Szatmari, formerly of Hawaii, fraudulently solicited U.S. residents to open binary options trading accounts. Szatmari is required to pay more than $13.8 million in connection with the fraud.
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FSB Publishes High-Level Recommendations For Regulation, Supervision And Oversight Of “Global Stablecoin” Arrangements
Date 13/10/2020
The Financial Stability Board (FSB) today published the final version of its high-level recommendations for the regulation, supervision and oversight of “global stablecoin” (GSC) arrangements following an earlier public consultation. The report states that GSC arrangements are expected to adhere to all applicable regulatory standards and to address risks to financial stability before commencing operation, and to adapt to new regulatory requirements as necessary.
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CFTC’s Energy And Environmental Markets Advisory Committee To Meet On October 16
Date 13/10/2020
Commissioner Dan M. Berkovitz, the sponsor of the Energy and Environmental Markets Advisory Committee (EEMAC) at the Commodity Futures Trading Commission, announced that the EEMAC will hold a public meeting on Friday, October 16, 2020 to hear remarks on the integration of environmental, social, and governance (ESG) factors within the energy and environmental markets. The meeting will begin at 9:00 a.m. (EDT) and be held via videoconference in accordance with the agency’s implementation of social distancing due to the COVID-19 (coronavirus) pandemic.
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BIS: Bankruptcies, Unemployment And Reallocation From Covid-19
Date 13/10/2020
Key takeaways
- The expected wave of business failures in the Covid-19 recession has yet to materialise, due in part to policy support, but also reflecting the inherent lag between declines in GDP and insolvencies.
- Bankruptcies weigh heavily on labour markets. Unemployment typically increases three times more if a fall in GDP is accompanied by a similar-sized increase in bankruptcies.
- Concentration of bankruptcies in those sectors hit especially hard by Covid-19 could exert a significant drag on the labour market.
- The natural renewal process where young, dynamic firms displace those who exited takes two to three years, leaving a protracted period of lacklustre activity. This underscores the need to reallocate resources quickly and efficiently to drive growth in the post-pandemic world.
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FSB Delivers A Roadmap To Enhance Cross-Border Payments
Date 13/10/2020
The Financial Stability Board (FSB) today published a roadmap to enhance cross-border payments. The roadmap has been delivered to G20 Finance Ministers and Central Bank Governors for their meeting on 14 October 2020.
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Newcrest Begins Trading On Toronto Stock Exchange - Australia's Largest Gold Producer Celebrates New Listing On TSX With Virtual Market Open -
Date 13/10/2020
Toronto Stock Exchange (TSX) announced today that Newcrest Mining Limited (Newcrest), Australia's largest gold producer, began trading this morning under the symbol TSX:NCM. Newcrest is one of the world's leading gold producers and becomes one of the largest companies that trades on TSX by market capitalization.
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Cross-Border Payments – Innovating In A Changing World Speech Given By Victoria Cleland, Bank Of England Executive Director, Banking, Payments And Innovation Central Bank Payments Conference 13 October 2020
Date 13/10/2020
Victoria says faster, cheaper, more transparent, and more inclusive cross-border payment services would have widespread benefits for citizens across the globe both directly and through supporting economic growth, international trade and global development.
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Invesco Launches New QQQ Innovation Suite In Partnership With Nasdaq - New Products Offer All Investors Access To NASDAQ-100 Index And NASDAQ Next Generation 100 Index
Date 13/10/2020
Invesco Ltd. (NYSE: IVZ) today announced the launch of the Invesco QQQ Innovation Suite, which offers investors access to the NASDAQ-100® Index and NASDAQ Next Generation 100 Index® through a variety of investment structures and exposures. The Invesco QQQ Innovation Suite represents the next step in the continued democratization of investing. It advances the growing concept that innovation in investing continues to drive benefits to the end investor, not just through direct cost-savings, but in the personalization of the investment model. The Invesco QQQ Innovation Suite meets all clients' implementation preferences, providing every type of investor a simple way to invest in ingenuity and innovation.
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FTSE Mondo Visione Exchanges Index Down 5.2 % In September, Up 6.0% In Q3 2020, Nairobi Securities Exchange Top Performer In September, CME Group Largest Exchange By Market Capitalisation
Date 13/10/2020
Shares of exchange operators have mostly performed well over pass six months with the FTSE Mondo Visione Exchanges Index up by 25% over six months. The engine for exchanges has been elevated trading levels.
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TNS Launches New Financial Markets Online Customer Monitoring Solution
Date 13/10/2020
Transaction Network Services (TNS) is launching TNS Oculus, a new online portal that provides financial markets customers visibility into their TNS services, including performance and utilization tracking.
