News Centre

CFTC Chairman Behnam To Give A Luncheon Keynote At The Managed Funds Association’s Annual Legal And Compliance Conference

Date 17/05/2022

EBA Publishes Peer Review On Management Of Non-Performing Exposures

Date 17/05/2022

• The EBA Guidelines on the management of non-performing and forborne exposures are being applied effectively by both prudential and consumer protection authorities across the EU.
• The EBA observes a risk-based approach to the supervision of NPE management, and a number of good practices to be followed up by all competent authorities and reflected in future updates of the EBA Guidelines.

READOUT: U.S. Secretary Of The Treasury Janet L. Yellen’s Meetings In Brussels, Belgium

Date 17/05/2022

Today, U.S. Secretary of the Treasury Janet L. Yellen met with European Commission President Ursula von der Leyen, as well as European Commission Executive Vice President Valdis Dombrovskis and European Commissioner for the Economy Paolo Gentiloni.  Secretary Yellen emphasized that the United States stands with Ukraine and welcomed Europe’s close cooperation in holding Russia accountable for its illegal and unprovoked war.  The Secretary discussed the need for the international community to provide economic assistance to Ukraine.  The Secretary also discussed Europe’s efforts to reduce its reliance on Russian energy.

Vienna Stock Exchange: Discontinuation Of Russian depositary Indices

Date 17/05/2022

The CEE & CIS Emergency Committee of Wiener Börse AG has decided to discontinue the calculation of the Russian Depositary Index (RDX) and 14 other indices with Russian Depositary underlyings. The 15 indices suspended since the beginning of March were based on prices determined on the London Stock Exchange (IOB). The decision is effective as of today, 17 May 2022. Outstanding structured products can be switched to Russian indices with a local price source (Moscow Stock Exchange). The calculation of all Russian indices with the price source Moscow is paused until further notice. In addition, the composition of the local Russian indices changes due to the exclusion of Russian companies that are targets of sanctions imposed by the European Union.

ESMA Consults On Notifications For Cross-Border Marketing And Management Of Funds

Date 17/05/2022

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is consulting stakeholders on the information and templates to be provided, and used by firms, when they inform regulators of their cross-border marketing and management activities under the UCITS Directive and the AIFMD.

Finansinspektionen Appoints Auditor After IT Incident At Swedbank

Date 17/05/2022

Finansinspektionen (FI) is appointing an auditor to map the IT incident that occured at Swedbank AB during the night between 28 and 29 April and resulted in incorrect balances being shown in customers’ accounts.

CFTC Commissioner Goldsmith Romero To Participate In A Fireside Chat At The DC Blockchain Summit

Date 17/05/2022

SEC Charges Allianz Global Investors And Three Former Senior Portfolio Managers With Multibillion Dollar Securities Fraud - Allianz Global Investors Agrees To Pay More Than $1 Billion To Resolve SEC Charges

Date 17/05/2022

The Securities and Exchange Commission (SEC) today charged Allianz Global Investors U.S. LLC (AGI US) and three former senior portfolio managers with a massive fraudulent scheme that concealed the immense downside risks of a complex options trading strategy they called “Structured Alpha.” AGI US marketed and sold the strategy to approximately 114 institutional investors, including pension funds for teachers, clergy, bus drivers, engineers, and other individuals.  After the COVID-19 market crash of March 2020 exposed the fraudulent scheme, the strategy lost billions of dollars as a result of AGI US and the portfolio managers’ misconduct.  AGI US has agreed to pay billions of dollars as part of an integrated, global resolution, including more than $1 billion to settle SEC charges and together with its parent, Allianz SE, over $5 billion in restitution to victims.

Fusion Risk Management Expands Offering For Technology And Data Service Providers - New Offerings Will Help Clients Further Fortify Critical Digital Infrastructure, Drive Operational Resilience Of Key Value Chains, And Meet Heightened Regulatory Scrutiny

Date 17/05/2022

Fusion Risk Management, Inc. ("Fusion"), the leader in operational resilience, business continuity, and risk management software and services, today announced that it is further strengthening its offerings to help technology and data service providers bolster the resiliency of digital elements of critical value chains.

Whistleblowers Hailed By Iran's Market Regulator

Date 17/05/2022

Capital Market’s Whistle-blower office has been operational since 2020 with the task of collecting and reviewing anomaly reports in four areas: issuers, market operations, financial institutions and cyberspace through Capital Market Whistle-blower platform.