News Centre

EBA Calls On Financial Institutions And Supervisors To Provide Access To The EU’s Financial System

Date 27/04/2022

The European Banking Authority (EBA) published today a statement addressed to both financial institutions and supervisors to ensure they make every effort to provide access for Ukrainian refugees to at least basic financial products and services. In the statement, the EBA sets out how its anti-money laundering and counter-terrorist financing (AML/CFT) guidelines apply in the current context, and how financial institutions can adapt their AML/CFT measures to provide a pragmatic and proportionate response to the compliance challenges they face. It also clarifies what financial institutions and supervisors can do to protect vulnerable persons from abuse by criminals and calls on financial institutions to ensure that compliance with the EU’s restrictive measures regime does not lead to unwarranted de-risking.

Refinitiv Releases Evolution Of Trading Report Series – Highlights Key Data & Technology Trends For Equities, Fixed Income, And FX Traders

Date 27/04/2022

• Automation – 44 percent of equity trading volume is automated. 66 percent of professionals expect in 1-3 years to focus more time on automating processes than on any other task.
• Digital Communication Capabilities – 58 percent of FX respondents see digitally communicating with customers/partners as one of their top priorities.
• Reference Data - 61 percent of respondents buy accurate FX market reference data because they cannot get reference data on their own.
• Pricing data - Dealer provided pricing seen as the most important data for fixed income traders.

CFTC Charges Archegos Capital Management And Three Employees With Scheme To Defraud Resulting In Swap Counterparty Losses Over $10 Billion - Two Archegos Employees Admit Roles In Fraud And Are Cooperating

Date 27/04/2022

The Commodity Futures Trading Commission today announced it has filed a complaint in the U.S. District Court for the Southern District of New York against Archegos Capital Management, LP (Archegos) and its Chief Financial Officer, Patrick Halligan, of Syosset, New York, charging them with fraud.

CME Group To Launch Canadian Wheat (Platts) Futures On June 13

Date 27/04/2022

CME Group, the world's leading derivatives marketplace, today announced it will launch Canadian Wheat (Platts) futures on June 13, pending regulatory review. This contract will offer market participants a new tool to directly manage exposure to the Canadian wheat market.

CFTC Announces Staff Roundtable Discussion On Non-Intermediation

Date 27/04/2022

Staff of the Commodity Futures Trading Commission will hold a public roundtable on May 25, 2022, from 9:30 a.m. to 4:00 p.m., to discuss issues related to intermediation in derivatives trading and clearing. 

US Acting Comptroller Of The Currency Issues Statement On Standards For Stablecoins

Date 27/04/2022

Acting Comptroller of the Currency Michael J. Hsu issued the following statement after his appearance today at the Artificial Intelligence and the Economy: Charting a Path for Responsible and Inclusive AI symposium hosted by the U.S. Department of Commerce, National Institute of Standards and Technology (NIST), FinRegLab, and the Stanford Institute for Human-Centered Artificial Intelligence.

Cryptocurrency Exchange BingX Optimises Trader Experience With Version 3.0

Date 27/04/2022

BingX has upgraded its platform to Version 3.0, which aims to improve its competitiveness and ease of use for traders.

CFTC Commissioner Goldsmith Romero Announces Staff Appointments

Date 27/04/2022

CFTC Commissioner Christy Goldsmith Romero announced today the appointment of Nora Flood and Philip W. Raimondi as members of her executive staff.

Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With World Trade Organization Director-General Ngozi Okonjo-Iweala

Date 27/04/2022

On April 25, Secretary Yellen met with World Trade Organization Director-General Ngozi Okonjo-Iweala, where they discussed the global pandemic response, WTO reform,  and prospects for the upcoming June WTO Ministerial.  They also discussed supply chain risks, and trade implications of climate policies.  They agreed on the importance of addressing food security issues raised by Russia’s invasion of Ukraine.  Secretary Yellen expressed appreciation for the work of the Multilateral Leaders Task Force on COVID-19, and Director-General Okonjo-Iweala agreed with Secretary Yellen on the continued importance of making progress on pandemic response.

SEC Charges Archegos And Its Founder With Massive Market Manipulation Scheme - Multiple Archegos Executives Charged With Misleading Counterparties

Date 27/04/2022

The Securities and Exchange Commission today charged Sung Kook (Bill) Hwang, the owner of family office Archegos Capital Management, LP (Archegos), with orchestrating a fraudulent scheme that resulted in billions of dollars in losses. The SEC also charged Archegos’s Chief Financial Officer, Patrick Halligan; head trader, William Tomita; and Chief Risk Officer, Scott Becker for their roles in the fraudulent scheme.