News Centre

ISDA-Clarus RFR Adoption Indicator: October 2021

Date 09/11/2021

ISDA-Clarus RFR Adoption Indicator increased to an all-time high of 24.5% in October compared to 20.3% the prior month. The indicator tracks how much global trading activity (as measured by DV01) is conducted in cleared over-the-counter and exchange-traded interest rate derivatives (IRD) that reference the identified risk-free rates (RFRs) in six major currencies. On a traded notional basis, the percentage of RFR-linked IRD comprised 17.0% of total IRD in October compared to 15.9% the prior month.

FINRA Orders Aegis Capital Corp. To Pay $1.7 Million In Restitution To Customers Whose Accounts Were Excessively And Unsuitably Traded; Two Supervisors Fined, Suspended For Failing To Respond To Red Flags - Representatives Sanctioned - Firm Also Fined $1.1 Million For Supervisory Failures

Date 09/11/2021

FINRA announced today that it sanctioned Aegis Capital Corp. approximately $2.8 million, including $1.7 million in restitution to 68 customers whose accounts were potentially excessively and unsuitably traded by the firm’s representatives. FINRA also imposed a $1.1 million fine for Aegis’ supervisory violations.

NGX Reiterates Commitment Towards Gender Equity And Inclusion

Date 09/11/2021

The Nigerian Exchange Limited says it remains committed to promoting and supporting gender equality as well as creating and maintaining an environment that is free from all forms of discrimination.

Remarks By US Secretary Of The Treasury Janet L. Yellen At The Department Of Commerce’s Interagency Convening On Equitable Economic Growth

Date 09/11/2021

Hello everyone. This is Janet Yellen, I want to thank Secretary Raimondo and Deputy Secretary Graves for the invitation to share a few thoughts, and of course, I want to thank all of you for being here today to listen to them.

Remarks At Interagency Convening On Equitable Economic Growth, SEC Chair Gary Gensler, Washington D.C., Nov. 9, 2021

Date 09/11/2021

Thank you. It is good to be a part of today’s important discussions on equitable economic growth and how we can come together to advance economic equity and inclusion across our diverse nation.

Moscow Exchange: Risk Parameters Change For The Security TSLA-RM

Date 09/11/2021

As per the Securities market risk parameters methodology, on 09.11.2021, 19-41 (MSK) the lower bound of the price band (up to 68008) and initial margins (up to 32.5 %) for the security TSLA-RM were changed. New values are available here

EBA Publishes Guidelines On Recovery Plan Indicators

Date 09/11/2021

• The Guidelines provide a common EU approach for the recovery plan indicators to ensure they can promptly signal a stressed situation and enable the institution to consider timely and effective recovery actions.
• The Guidelines include a minimum list of recovery indicators and focus on practical aspects such as calibration of the thresholds of recovery plan indicators and their monitoring.
• The key objective of the Guidelines is to strengthen the quality of the recovery indicators framework in order to ensure institutions’ effective crisis preparedness.

Europe’s Leading Institutional-Grade Crypto ETP Provider ETC Group Reaches $2 Billion Assets Under Management

Date 09/11/2021

ETC Group ( www.etc-group.com ), Europe’s leading specialist provider of institutional-grade, digital asset-backed securities, announces that its total Assets Under Management has passed the significant marker of US $2 billion for the first time.

BIS: Basel Committee Advances Work On Addressing Climate-Related Financial Risks, Specifying Cryptoassets Prudential Treatment And Reviewing G-SIB Assessment Methodology

Date 09/11/2021

• Basel Committee agrees to consult on principles for the effective management and supervision of climate-related financial risks.
• Considers feedback regarding consultation on cryptoasset exposures, reiterates importance of conservative risk-based approach and agrees next steps.
• Finalises revised process for reviewing G-SIB assessment methodology and agrees on scope of additional issues to review.

EBA Publishes Final Draft Technical Standards On Individual Portfolio Management By Crowdfunding Service Providers

Date 09/11/2021

The European Banking Authority (EBA) published today its Final Report on draft Regulatory Technical Standards (RTS) specifying the information that crowdfunding service providers offering individual portfolio management of loans shall provide to investors in relation to the method to assess credit risk, and on each individual portfolio. The draft RTS also specify the policies, procedures and organisational arrangements that crowdfunding service providers shall have in place in relation to any contingency fund they may offer to investors. These RTS are the first of two mandates assigned to EBA with a view to contributing to a sound prudential and disclosure framework for crowdfunding service providers.