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Insurance Brokers: Serving Consumers And Businesses In Times Of Uncertainty And Change - Speech By Sheldon Mills, UK Financial Conduct Authority, Executive Director, Consumers And Competition, Delivered At The British Insurance Brokers' Association (BIBA) Conference

Date 13/05/2022

Highlights

• Brokers play a vital role in helping consumers and businesses access the insurance products they need, especially in times of uncertainty, safeguarding them against unexpected financial losses.
• We want to support competition, innovation and growth in the sector – like other parts of the financial system where we are seeing innovation and disruption through technology, data-sharing, and novel business models. 
• Our regulation takes into account the size and complexity of regulated businesses, but we are mindful of our impact on smaller firms, and we are playing close attention to the views of different stakeholders as we review our regulatory and redress framework.
• Insurance brokers have the power to deliver social good, through helping consumers and businesses manage risks, supporting the UK’s transition to net zero, and fostering a more diverse and inclusive culture to better support customers and the sector.

CFTC Commissioner Pham Announces Additional Staff Appointments

Date 13/05/2022

CFTC Commissioner Caroline D. Pham announced today that Keaghan Ames will join her staff and serve as Counselor & Senior Policy Advisor starting May 23.

CryptoCompare Research - Exploring Stablecoins: Terra & UST's Fall From Grace

Date 13/05/2022

The recent blowup in the Terra ecosystem has been one of the most impactful events in the history of crypto - comparable with the collapse of Mt. Gox in 2014, and the sharp market crash in January 2018 and in March 2020.

CCP12 Responds To The CFTC Request For Comment On FTX Request For Amended DCO Registration Order

Date 13/05/2022

CCP12 has published its response to the CFTC Request for Comment on FTX Request for Amended DCO Registration Order (Link).

Commonwealth Signs MoU With The International Islamic Trade Finance Corporation

Date 13/05/2022

The Commonwealth Secretariat and the International Islamic Trade Finance Corporation (ITFC) signed a Memorandum of Understanding (MoU) today to collaborate on key areas of development.

ESMA Reminds Issuers Of The Main IFRS Requirements Amid The War In Ukraine

Date 13/05/2022

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today released a Public Statement on the implications of Russia’s invasion of Ukraine on half-yearly financial reports.

Moscow Exchange: Updated Constituents List For OFZ Zero Coupon Yield Curve To Come Into Force On 16 May 2022

Date 13/05/2022

On 16 May 2022, the following updated constituents list for OFZ Zero Coupon Yield Curve will come into force.

CryptoCompare Research - Exploring Stablecoins: Terra & UST's Fall From Grace

Date 13/05/2022

Terra LUNA and UST's fall from grace has been one of the most impactful events in crypto - comparable to the collapse of Mt. Gox in 2014 and the sharp market crashes that occurred in January 2018 and March 2020.

Malawi Stock Exchange Weekly Summary - 13 May 2022

Date 13/05/2022

Click here to download Malawi Stock Exchange's weekly summary.

Market Insights And Outlook In View Of TERRA LUNA Crash

Date 13/05/2022

In response to the drastic market movement brought about by the Terra Luna depegging that took place over the last few days, the Head of Investment Insights and Chief Investment Officer of IDEG, a leading digital assets management firm, and senior partners of Fundamental Labs, a leading Web3 venture capital firm, commented: