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ASIC: Westpac To Pay $1.5 Million Penalty For Mis-Selling Consumer Credit Insurance

Date 07/04/2022

The Federal Court has ordered Westpac Banking Corporation pay a $1.5 million penalty for mis-selling consumer credit insurance with its credit cards and Flexi Loans to customers who had not agreed to buy insurance policies.

New Zealand Financial Markets Authority Issues New Infringement Notice Against Crowdfunding Platform Equitise

Date 07/04/2022

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has issued another infringement notice to Equitise Pty Ltd for failing to file financial statements on time, amid broader concerns about the firm’s ability to meet regulatory reporting deadlines.

ASIC To Allow COVID-19 Temporary Relief For Financial Advice To Automatically Repeal 15 April 2022

Date 07/04/2022

ASIC will allow the temporary relief in ASIC Corporations (COVID-19—Advice-related Relief) Instrument 2021/268 (COVID-19 Instrument) to be automatically repealed on 15 April 2022.

CFTC Financial Data For Futures Commission Merchants Update

Date 06/04/2022

The latest reports for February 2022 are now available.

Nodal Exchange Achieves Records In Power And Environmental Futures With >50% Growth

Date 06/04/2022

Nodal Exchange today announced new monthly and quarterly trading records in power and environmental futures.  In power, Nodal set a quarter record for Q1 2022 power futures volume with 850 million MWh, up 52% from Q1 2021.  Nodal also set a calendar month record for March 2022 with 303 million MWh of traded power futures volume in the month, up 51% from the prior year. Nodal Exchange also achieved record market share in monthly power futures with 48% in Q1 2022. Nodal continues to be the market leader in North American power futures having the majority of the open interest with a record 1.206 billion MWh at the end of March, which is roughly equivalent to the electricity usage of 113 million U.S. households for one year.

Nadex Product Schedule For The 2022 Good Friday And Easter Monday Holidays

Date 06/04/2022

Nadex will observe the following holiday schedule for the 2022 Good Friday and Easter Monday holidays:

Minutes Of The Federal Open Market Committee, March 15-16, 2022

Date 06/04/2022

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on March 15–16, 2022.

U.S. Treasury Escalates Sanctions On Russia For Its Atrocities In Ukraine

Date 06/04/2022

• Treasury Targets Critical Arteries of the Russian Federation Economy, Fully Blocking Largest Public and Private Banks
• New Sanctions Imposed on Putin’s Family and Architects of War
• President’s New Executive Order To Ban New Investment in Russia

Premiers Office, Government Of The Virgin Islands: By Premier And Minister Of Finance Hon. Andrew A. Fahie On The Submission Of The Commission Of Inquiry Report

Date 06/04/2022

Good day and God's blessing to All. On 4th April 2022, His Excellency the Governor John J. Rankin CMG kindly informed me of his receipt of the Commission of Inquiry (COI) report from Sir Gary Hickinbottom. I thanked the Governor for his update.

BIS: Business Continuity Planning At Central Banks During And After The Pandemic

Date 06/04/2022

Report by the Consultative Group on Risk Management (CGRM) established at the BIS Representative Office for the Americas