News Centre

Binance Walks Away From FTX Rescue

Date 09/11/2022

Binance announced via Twitter "As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of http://FTX.com."

CFTC Commissioner Johnson To Participate In A Fireside Chat At The Institutional Digital Assets And Crypto Regulation Symposium

Date 09/11/2022

MIAX Exchange Group - 2023 State Sales Tax Update For Non-Transaction Services

Date 09/11/2022

MIAX Options, MIAX Pearl Options, MIAX Emerald Options and MIAX Pearl Equities Exchanges will begin collecting state-specific sales tax on the sale of certain non-transaction services for all Member and Non Member firms beginning January 1, 2023.  Attached is a summary of current taxable services and state specific taxability.

FINRA Creates Industry Diversity Advisory Committee - New Committee Highlights FINRA’s Commitment To Improving DEI In The Securities Industry

Date 09/11/2022

FINRA announced today that it has established an Industry Diversity Advisory Committee, advancing its commitment to diversity, equity and inclusion (DEI) in the securities industry.

Former Chairman And CEO Of Deutsche Bank Joins Macro Hive’s Board

Date 09/11/2022

Dr Josef Ackermann, former CEO and Chairman of Deutsche Bank, will join Macro Hive’s advisory board to provide strategic guidance.

TMX Group Equity Financing Statistics – October 2022

Date 09/11/2022

TMX Group today announced its financing activity on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) for October 2022.

EBA Reasserts Its Commitment To Contribute To A More Resilient And Sustainable Financial System

Date 09/11/2022

The European Banking Authority (EBA) published today its environmental statement in the context of the 2022 United Nations Climate Change Conference (COP27), highlighting its work aimed at increasing sustainability in the banking sector by enhancing market transparency and discipline and by translating sustainability considerations into risk management practices and supervision. The EBA also presented its priorities and activities to ensure a robust management of ESG (environmental, social and governance) risks and adequate supervision. 

BIS: What Drives Inflation? Disentangling Demand And Supply Factors

Date 09/11/2022

Summary

Focus 

Disentangling demand and supply factors driving inflation has often been a major challenge for monetary policy. This is also the case currently, as there are different views on the relative role of demand and supply in the inflation surge since 2021. In this paper, we estimate demand and supply factors and assess their contribution to inflation dynamics in the United States over the past five decades. The analysis also covers the euro area over the past two decades.

IOSCO Outlines Regulatory Priorities For Sustainability Disclosures, Mitigating Greenwashing And Promoting Integrity In Carbon Markets

Date 09/11/2022

The International Organization for Securities Commissions (IOSCO) today at COP 27 has outlined the actions it undertakes to protect investors by mitigating greenwashing in financial markets, to contribute to sustainability disclosure standards benefitting issuers and investors, and to promote well-functioning carbon markets.

AI: Moving From Fear To Trust - Speech By Jessica Rusu, UK Financial Conduct Authority Chief Data, Information And Intelligence Officer, At The City And Financial Global Summit: Regulation And Risk Management Of Artificial Intelligence In Financial Services

Date 09/11/2022

Highlights

• AI needs governance to move from fear to trust but many of the rules in financial services are already in place.
• Agency must not be attributed to AI systems as this risks removing accountability away from firms. 
• Safe and responsible AI adoption must be underpinned by high-quality data.