News Centre

Office Of The Comptroller Of The Currency Releases Bank Supervision Operating Plan For Fiscal Year 2022

Date 15/10/2021

The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2022.

Concurring Statement By CFTC Commissioner Dawn D. Stump Regarding Tether And Bitfinex Settlement

Date 15/10/2021

I agree with the Commission’s findings that the respondents in the Tether matter violated Section 6(c)(1)(A) of the Commodity Exchange Act (CEA) and CFTC Regulation 180.1(a)(2), and that the respondents in the Bitfinex matter violated Sections 4(a) and 4d of the CEA and Part VII. A of the Commission’s June 2, 2016 Order finding that BFXNA had violated the then-effective Sections 4(a) and 4d of the CEA.

Nigerian Exchange Weekly Market Report For October 15th, 2021

Date 15/10/2021

A total turnover of 2.838 billion shares worth N31.653 billion in 23,355 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 2.179 billion shares valued at N21.963 billion that exchanged hands last week in 22,438 deals.

Jacobi Asset Management Receives Approval To Launch The World's First Tier One Bitcoin ETF

Date 15/10/2021

• Custody provided by Fidelity Digital Assets^SM
• Authorised by the Guernsey Financial Services Commission (GFSC)
• Administrators: Sigma Asset Management (Guernsey) Limited
• Fund Architecture/Consultancy: Midshore Consulting Limited

SEC Awards $40 Million To Two Whistleblowers

Date 15/10/2021

The Securities and Exchange Commission today announced awards of approximately $40 million to two whistleblowers whose information and assistance contributed to the success of an SEC enforcement action.

CFTC Orders Tether And Bitfinex To Pay Fines Totaling $42.5 Million

Date 15/10/2021

• Tether to Pay $41 million Over Claims that Tether Stablecoin was Fully Backed by US Dollars
• Bitfitnex to Pay $1.5 Million for Illegal Transactions While Operating Bitfinex Cryptocurrency Trading Platform

Moscow Exchange: Risk Parameters Change For The Securities

Date 15/10/2021

The following risk parameters will be changed:

MIAX Exchange Group - Options & Equities Markets - Final Reminder: Reg SCI / SIFMA BCP Testing On Saturday, October 23, 2021

Date 15/10/2021

Overview:

As previously announced on April 12th, Sept 2nd and Sept 28th, the MIAX Exchange Group will be participating in the 2021 SIFMA BCP Testing on Saturday, October 23, 2021.  All members that are required to test with MIAX Options, MIAX Pearl Options, MIAX Emerald Options and/or MIAX Pearl Equities Exchanges in accordance with Regulation Systems Compliance and Integrity (Regulation SCI) have been notified.  However, all members are encouraged to test. 

CFTC’s Interest Rate Benchmark Reform Subcommittee Selects November 8 For SOFR First For Non-Linear Derivatives

Date 15/10/2021

The Interest Rate Benchmark Reform Subcommittee, a subcommittee of the Commodity Futures Trading Commission’s Market Risk Advisory Committee (MRAC), voted to select November 8th as the date for switching interdealer trading conventions from LIBOR to the Secured Overnight Financing Rate (SOFR) for U.S. Dollar (USD) non-linear derivatives under the MRAC’s SOFR First initiative. Acting Chairman Rostin Behnam is the sponsor of MRAC.

US Treasury Continues Campaign To Combat Ransomware As Part Of Whole-Of-Government Effort - OFAC Issues Sanctions Compliance Guidance For Virtual Currency Industry - FinCEN Issues Report On Ransomware Trends In Bank Secrecy Act Data

Date 15/10/2021

Building on the first-ever designation of a virtual currency exchange for facilitating transactions for ransomware actors, the U.S. Department of the Treasury announced additional steps today to help the virtual currency industry prevent exploitation by sanctioned persons and other illicit actors. These actions are part of the Biden Administration’s focused, integrated effort to counter the ransomware threat. New industry-specific guidance outlines sanctions compliance best practices tailored to the unique risks posed in this dynamic space, while new data from the Financial Crimes Enforcement Network (FinCEN) shows the increasing threat ransomware posed to the U.S financial sector, businesses, and the public during the first half of 2021. Treasury’s actions underscore the need for a collaborative approach to counter ransomware attacks, including public-private partnerships and close relationships with international partners.