News Centre
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U.S. Department Of Justice: Jersey/Swiss Financial Services Firm Admits To Conspiring With U.S. Taxpayers To Hide Assets And Income In Offshore Accounts - Strachans SA In Liquidation Pleads Guilty
Date 06/10/2020
Strachans SA in Liquidation pleaded guilty yesterday to conspiring with U.S. taxpayers and others to hide income and assets in offshore entities and bank accounts from the IRS, and was sentenced in accordance with the guilty plea, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division, U.S. Attorney Nicola T. Hanna, and Chief James Lee of the Internal Revenue Service, Criminal Investigation (IRS-CI).
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ISDA derivatiViews: An Opportunity For Standardization
Date 06/10/2020
Financial institutions across the world are searching for ways to overcome squeezed margins by improving efficiency and reducing costs. As a trade association, ISDA’s driving motivation has been to help our members achieve that goal, and we’ve developed various mutualized solutions that do just that. But we think there is an opportunity to go further – by creating greater alignment and standardization between derivatives and securities financing transaction (SFT) markets.
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Nigerian Stock Exchange Soars Past Global Exchanges, Records Highest Daily Gain In Five Years
Date 06/10/2020
The Nigerian Stock Exchange (NSE or The Exchange) All Share Index (ASI) recorded its largest daily gain in more than five years, surging by 4.9% on Tuesday, 6 October 2020. The 12-day rally saw equities market capitalization cross the N15 Trillion mark, bringing the Year-to-Date gain of the ASI to 7.7%.
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MIAX: Proposed Rule Change To Amend The Code Of Arbitration Procedure For Customer Disputes And The Code Of Arbitration Procedure For Industry Disputes To Modify The Current Process Relating To The Expungement Of Customer Dispute Information
Date 06/10/2020
Please refer to the following for details regarding the proposed rule change to the FINRA Code of Arbitration Procedure for Customer Disputes and the Code of Arbitration Procedure for Industry Disputes to modify the current process relating to the expungement of customer dispute information.
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Statement Of CFTC Commissioner Dawn D. Stump Regarding Final Rule: Amendments To Compliance Requirements For Commodity Pool Operators On Form CPO-PQR
Date 06/10/2020
Data is essential to our work here at the Commodity Futures Trading Commission, and as such I am pleased that we are devoting attention to improving and refining the information the agency requires. At our most recent meeting, the Commission finalized significant improvements to our swap data reporting rules. Today we continue to make progress regarding our data collection efforts and are moving in the right direction when it comes to CFTC Form CPO-PQR. I wish to thank the Division of Swap Dealer and Intermediary Oversight, Office of the Chief Economist, and Office of the General Counsel for their efforts in advancing this final rule before us.
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ISDA And Digital Asset Launch CDM Clearing Pilot Using DAML
Date 06/10/2020
ISDA today announced a pilot implementation of the Common Domain Model (CDM) for the clearing of interest rate derivatives using DAML, an open-source smart contract language created by Digital Asset. ASX and UBS have been providing input to validate additional functionality of the CDM alongside ISDA and Digital Asset.
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CFTC Commissioner Stump To Participate In A Fireside Chat At The Security Traders Association 2020 Market Structure Conference
Date 06/10/2020
WHAT: Commissioner Dawn D. Stump will participate in a fireside chat with former CFTC Commissioner Jill Sommers as a part of the Security Traders Association 2020 Market Structure Virtual Conference.
WHEN: Wednesday, October 7, 2020
3:30 p.m. (EDT)WHERE: Virtual event. More information here: https://securitytraders.org/2020-conference/
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Concurring Statement Of CFTC Commissioner Rostin Behnam Regarding The Amendments To Compliance Requirements For Commodity Pool Operators And Form CPO-PQR
Date 06/10/2020
I respectfully concur with the Commodity Futures Trading Commission’s (the Commission or CFTC) issuance of today’s final rule (the Final Rule) amending Regulation 4.27 and Form CPO-PQR. As a whole, the Final Rule provides a thoughtfully balanced and complete evaluation of the issues identified in the notice of proposed rulemaking and the responsive comments. Perhaps, just as importantly, the Final Rule clearly acknowledges that it is the first of several steps in the Commission’s ongoing assessment of Form CPO-PQR not only for its utility as a regulatory tool, but as a yardstick to measure improvements to the Commission’s data integration and analytical capabilities. The Final Rule makes smart, targeted corrections without forgoing the possibility of future adjustments should the Commission later determine that additional data would support evolving regulatory initiatives or Financial Stability Oversight Counsel (FSOC) requirements to fulfill statutorily mandated duties and initiatives aimed at identifying and monitoring risks to financial stability.
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Federal Reserve Begins 2020 Census Of Finance Companies And Other Lenders
Date 06/10/2020
The Federal Reserve Board announced on Tuesday that it will begin the 2020 Census of Finance Companies and Other Lenders. The census is a key part of the Federal Reserve's effort to paint a complete picture of this important sector of the U.S. economy.
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CFTC Chairman Tarbert To Speak At LA Blockchain Summit
Date 06/10/2020
WHAT: Chairman Heath P. Tarbert will participate in a virtual fireside chat with Anthony Pompliano at the LA Blockchain Summit.
WHEN: Wednesday, October 7, 2020
1:15 p.m. (PST)
4:15 p.m. (EST)WHERE: Virtual event. More information here: https://lablockchainsummit.com/
