News Centre

New Zealand Financial Markets Authority Opens Consultation On Standard Conditions For Financial Institution Licences

Date 20/07/2022

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has released a consultation paper on proposed standard conditions for licences granted under the Financial Markets (Conduct of Institutions) Amendment Act 2022 (CoFI).

Dissenting Statement of Commissioner Summer K. Mersinger Regarding Enforcement Action Against Powerline Petroleum, LLC

Date 19/07/2022

I respectfully dissent from the Commission’s enforcement action charging, and settling with, Powerline Petroleum, LLC (“Powerline”) and its current principals, Darren Dohme and Adam Wright.  As a matter of law, I do not believe that all the charges are backed by the facts.  I also believe that some aspects of the settlement are inconsistent with the Commission’s prior treatment of similar cases and fundamentally unfair.

CFTC Orders Powerline Petroleum, LLC To Pay $875,000 For Fraud, False Statements To CME, And Failure To Register As A Commodity Trading Advisor - Co-Founder And Owners Also Charged

Date 19/07/2022

The Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against Powerline Petroleum, LLC (Powerline), its co-founder and owner, Darren Dohme, and other owner, Adam Wright, for misleading clients regarding the nature of Powerline’s role, and financial interest in the clients’ transactions, and for making false statements to the Chicago Mercantile Exchange (CME), a board of trade and designated contract market. Powerline and Dohme are also charged with failing to register Powerline as a Commodity Trading Advisor (CTA) and for failure to make required disclosures.

Coinbase Announces Date Of Second Quarter 2022 Financial Results

Date 19/07/2022

Coinbase Global, Inc. (the “Company” or “Coinbase”) announced today that it will publish its second quarter 2022 shareholder letter, including financial results, on its Investor Relations website at investor.coinbase.com on Tuesday, August 9, 2022, after market close. The Company will hold a question and answer session to discuss its financial results at 2:30 p.m. PT that same day.

US Office Of The Comptroller Of The Currency Announces Executive Assignments In Chief Counsel's Office

Date 19/07/2022

The Office of the Comptroller of the Currency (OCC) today announced the selection of Patricia Grady as Deputy Chief Counsel and Jonathan Fink as Associate Chief Counsel.

DTCC Comments On Senate Confirmation Of Michael Barr At The Federal Reserve

Date 19/07/2022

The Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to the recent confirmation of Michael Barr at the Federal Reserve:

"DTCC congratulates Michael Barr on his recent appointment as Vice Chair of Supervision and as a Governor at the Federal Reserve. We look forward to working with him and with all the staff at the Federal Reserve to continue ensuring the safety and soundness of financial markets." ​

ISDA - SwapsInfo First Half Of 2022 And The Second Quarter Of 2022 Review: Summary

Date 19/07/2022

The latest ISDA SwapsInfo Quarterly Review shows that trading volume for interest rate derivatives (IRD) and credit derivatives increased in the first half of 2022 compared to the first half of 2021. This summary provides a high-level overview of key trends in the first half of 2022 and the second quarter of 2022. The full report will be published in due course.

Ontario Securities Commission Announces Membership Of Advisory Council To The CEO

Date 19/07/2022

The Ontario Securities Commission (OSC) today announced the membership of an Advisory Council for Grant Vingoe, CEO of the OSC.

The UK Financial Conduct Authority Welcomes The Secondary Capital Raising Review Report

Date 19/07/2022

The FCA welcomes the publication of Mark Austin’s Secondary Capital Raising Review (SCRR) final report on 19 July 2022, which was commissioned by the Government in October 2021. 

The UK Financial Conduct Authority Welcomes The Secondary Capital Raising Review Report

Date 19/07/2022

The FCA welcomes the publication of Mark Austin’s Secondary Capital Raising Review (SCRR) final report on 19 July 2022, which was commissioned by the Government in October 2021.