News Centre

FSB Asia Group Discusses Current Vulnerabilities And Climate-Related Financial Risks

Date 20/05/2022

The Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) held a virtual meeting today to discuss current global and regional macroeconomic and financial market developments. The meeting convenes senior representatives of financial and supervisory authorities from key economies in Asia.

CFTC Commitments Of Traders Reports Update

Date 20/05/2022

The current reports for the week of May 17, 2022 are now available.

Statement From New York Department Of Financial Services Superintendent Adrienne A. Harris: Cryptocurrency Regulation

Date 20/05/2022

“A fast-moving industry like virtual currency requires strong regulation. Regulation plays an important role in protecting consumers against market volatility and scams; maintaining the integrity of the market by guarding against sanctions evasion and illicit activity; and ensuring corporate infrastructure and consumer data are both well-protected from cybercriminals. These are the critical risks that we at DFS are committed to mitigating as the preeminent regulator of virtual currency. I discussed these important topics and more at a number of public and industry events this week, including the Wall Street Journal’s Future of Everything, Chainalysis Links, and Operation Hope’s Cryptocurrency + Digital Assets Summit. As the industry continues to evolve, DFS will continue to improve upon our regulation and supervision; engage with key stakeholders on important trends and issues; collaborate with state, federal and international regulators; and strive to be a forward-looking, innovative regulator, including through our VOLT initiative. Through all of these efforts, DFS is keeping New York at the center of technological innovation and forward-looking regulation so that New Yorkers have a well-regulated way to access the virtual currency marketplace.”  

Nadex Temporarily Amends Binary Contracts Strike Width

Date 20/05/2022

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased or decreased volatility, as the case may be, in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of May 16, 2022 as indicated in the Weekly Notice.

Nigerian Exchange Weekly Market Report For The Week Ended 20 May 2022

Date 20/05/2022

A total turnover of 3.021 billion shares worth N31.784 billion in 29,153 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.816 billion shares valued at N27.194 billion that exchanged hands last week in 36,286 deals.

Report From FINRA Board Of Governors Meeting – May 2022: Board Approves Rulemaking Items And Annual Financial Report - Appoints New Members To Advisory Committees

Date 20/05/2022

FINRA’s Board of Governors held its second meeting of the year on May 11-12 in Fort Lauderdale, FL—near the organization’s Boca Raton office, the home of FINRA’s Securities Helpline for Seniors. The Board approved three rulemaking items and took action on three items related to governance.

Nadex Refrains From Listing Certain Contracts

Date 20/05/2022

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions:

ESMA: New Q&As Available

Date 20/05/2022

The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has today updated the following Questions and Answers:

BIS: The Economic Situation And Monetary Policy − Speech By Bank Of England Chief Economist And Executive Director For Monetary Analysis, Huw Pill, Given At ACCA Cymru Wales

Date 20/05/2022

Huw Pill talks about what we’re doing to bring inflation down. And he gives his view on the outlook for the UK’s economy.

BIS: DLT-Based Enhancement Of Cross-Border Payment Efficiency - A Legal And Regulatory Perspective

Date 20/05/2022

Summary

Focus

Traditionally cross-border payments have relied on a mutually trusted central entity. Distributed ledgers, blockchain and smart contracts (together dubbed "distributed ledger technologies" or DLT) could provide an alternative to that approach. However, different DLT applications in the cross-border payments context come with legal challenges. Hence, it is necessary to analyse the extent to what financial law and regulation is fit to deal with DLT-based payments.