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  • SEC Files Fraud Charges Alleging A Multi-Million Dollar Scheme That Targeted Retirement Accounts

    Date 01/02/2022

    The Securities and Exchange Commission today announced charges against Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in a multi-million dollar fraudulent scheme involving hundreds of investors who were at or near retirement age.

  • The CFTC And 27 State Securities Regulatory Agencies Charge Los Angeles Area Precious Metals Dealer In Ongoing $68 Million Fraud Targeting The Elderly CFTC And State Securities Regulatory Agencies Again Join Forces To Combat Investment Fraud

    Date 01/02/2022

    The Commodity Futures Trading Commission and 27 state securities regulatory agencies that are members of the North American Securities Administrators Association (NASAA) announced the filing of a joint civil enforcement action in the U.S. District Court for the Central District of California against a precious metals dealer and its owner for orchestrating a $68 million fraudulent scheme targeting elderly persons nationwide.

  • EBA Selects Marilin Pikaro To Become Director Of Its Innovation, Conduct And Consumers Department

    Date 01/02/2022

    The European Banking Authority (EBA) has selected Marilin Pikaro to become the Director of its Innovation, Conduct and Consumers Department. Ms Pikaro, an Estonian national, comes with a wealth of experience in both the public and private sector. She will take up her new role on 1 March 2022, and will be responsible for the EBA’s thematic and policy work on digital finance and information and communication technology (ICT) and security risks, consumer protection, and Anti Money Laundering and Countering the Financing of Terrorism (AML/CFT). This appointment is part of the EBA’s changes to its internal organisation, which entered into force as of 1 June 2021, with the aim of fostering synergies, increasing focus, and developing staff.

  • SIX Swiss Exchange: Trading Key Figures January 2022

    Date 01/02/2022

    In January 2022, trading turnover on SIX Swiss Exchange reached CHF 122.1 billion, 23.2% more than in the previous month, while the number of transactions increased by 27.3% to a total of 5,825,052. The SMI® declined by 5.0% and reached 12,226.7 points at the end of the month, after registering a new all-time high of 12,997 points on 3 January 2022 (closing price).

  • BIS: Money Markets, Collateral And Monetary Policy

    Date 01/02/2022

    Summary

    Focus

    Interbank money markets are essential for banks' liquidity management. They are also important for monetary policy implementation as central banks often target interbank rates. Our paper focuses on two major and persistent money market developments that have occurred in the euro area over the past 15 years: the falling importance of the unsecured interbank market relative to the secured market and, relatedly, the rising exposure of banks to the risk of increases in collateral haircuts. We ask how these developments have affected bank lending, real activity and the conduct of monetary policy.