News Centre

CFTC Charges 14 Entities For Failing To Register As FCMs Or Falsely Claiming To Be Registered

Date 29/09/2021

The Commodity Futures Trading Commission today filed charges against 14 entities for either failing to register as futures commission merchants (FCMs) or else making false and misleading claims of having CFTC registration and National Futures Association (NFA) membership. Each complaint seeks orders directing the entities to cease and desist from committing violations of the Commodity Exchange Act and CFTC regulations as charged.

FTSE Russell Launches New Russell US ESG Indexes Based On Flagship US Equity Benchmarks

Date 29/09/2021

• FTSE Russell introduces six Russell ESG indexes for investors seeking an ESG index that performs like the benchmark
• Based on the Russell 1000, 2000 and 3000 benchmarks, the indexes use screens to ensure that specific controversial business operations are eliminated
• Target exposure methodology ensures risk/return characteristics similar to the underlying benchmarks

Karen Kornbluh Statement On U.S.-EU Trade And Tech Council

Date 29/09/2021

Karen Kornbluh, director of the German Marshall Fund’s Digital Innovation and Democracy Initiative and former U.S. ambassador to the Organization for Economic Cooperation and Development, released the following statement as the U.S.-EU Trade and Tech Council meets today in Pittsburgh:

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

Date 29/09/2021

As per the Securities market risk parameters methodology, on 29.09.2021, 20-51 (MSK) the lower bound of the price band (up to 3167) and initial margins (up to 21.25 %) for the security PTR-RM were changed. New values are available here

Expanded Opening And Intra-Day Quote Width Requirements And MIAX Order Monitor Settings For Certain Symbols Trading On MIAX Options And MIAX Emerald Through Friday, December 31, 2021

Date 29/09/2021

MIAX Options and MIAX Emerald have expanded the maximum valid bid/ask differential for Market Makers for certain symbols traded on the Exchanges. The expanded bid/ask differentials will be in effect through Friday, December 31, 2021.

Fiserv Selects New Jersey As A Location For Future Growth - Berkeley Heights Becomes One Of The Largest Fintech Hubs On The East Coast

Date 29/09/2021

Fiserv, a leading global provider of payments and financial services technology solutions, today announced a commitment to continue and expand its presence in New Jersey. The company will add approximately 2,000 jobs to its existing presence and invest in a new location in Berkeley Heights, New Jersey.

The EBA Publishes Its Regular Monitoring Report On Basel III Full Implementation In The EU

Date 29/09/2021

The European Banking Authority (EBA) published today its regular monitoring Report of the full implementation, in 2028, of the final Basel III reforms in the EU. According to this assessment, which is carried out using the same methodology as the one applied by the Basel Committee on Banking Supervision (BCBS), the full Basel III implementation would result in an average increase of 13.7% on the current Tier 1 minimum required capital of EU banks. To comply with the new framework, EU banks would need EUR 3.1 billion of additional Tier 1 capital. The overall impact reflects the economic impact of the Covid-19 pandemic on participating banks that materialised up to December 2020, the reference date of this Report.  

PIABA: 30% Of 2020 Finra Arbitration Awards Went Unpaid - New Report Finds Increased Rates Of Unpaid Arbitration Awards And Unpaid Award Money Compared To 2019; 24% Of All Awarded Money Last Year Was Never Paid

Date 29/09/2021

The percentage of unpaid customer awards in FINRA arbitration cases increased to nearly 30% and the percentage of unpaid award dollars rose to 24%, according to the Public Investors Advocate Bar Association’s (PIABA) new report on unpaid FINRA arbitration awards. PIABA’s first report on the topic was published in 2016, and the new update illustrates how the lack of improvement on this critical issue for American investors reflects FINRA’s refusal to solve the problem.

SEC Proposes To Enhance Proxy Voting Disclosure By Investment Funds And Require Disclosure Of “Say-On-Pay” Votes For Institutional Investment Managers

Date 29/09/2021

The Securities and Exchange Commission today proposed amendments to Form N-PX to enhance the information mutual funds, exchange-traded funds, and certain other funds report about their proxy votes. The proposed rulemaking would require funds to tie the description of each voting matter to the issuer’s form of proxy and to categorize each matter by type to help investors identify votes of interest and compare voting records. The proposal also would prescribe how funds organize their reports and require them to use a structured data language to make the filings easier to analyze. Funds would also be required to disclose how their securities lending activity impacted their voting.

ESMA Publishes MiFID II Review Report On Algorithmic Trading

Date 29/09/2021

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published the MiFID II/MiFIR review report on algorithmic trading. The Final Report concludes that no fundamental issues have emerged with respect to the MiFID II algorithmic trading regime which has overall delivered on its objectives. ESMA nevertheless makes in the report some recommendations which aim at both simplifying the regime and making it more efficient.