News Centre

NZX Statement On New Zealand Financial Markets Authority Market Operator Obligations Report

Date 27/01/2021

 NZX has closely reviewed the Financial Markets Authority (FMA) report, Market Operator Obligations Targeted Review – NZX, and acknowledges the FMA's conclusions that, in certain respects, NZX breached its market operator obligations in relation to its technology resources.

NZX Chief Executive, Mr Mark Peterson said NZX takes its market operator obligations extremely seriously. “We acknowledge the issues that have affected our technology platforms and market participants in 2020.”

“NZX accepts that it did not meet the high standards it sets for itself in key areas of technology resources. We also agree that improvements are required and we are committed to delivering these improvements via an action plan that will be agreed with the FMA. We will work constructively with the FMA through that process and engage closely with the broader capital markets technology ecosystem,” he said.

New Zealand Financial Markets Authority Market Releases Review Of NZX Technology Issues

Date 27/01/2021

A review of NZX by the Financial Markets Authority (FMA), released today, has found the stock exchange failed to meet its licensed market operator obligations due to insufficient technology resources.

SIFMA Opposes Proposal To Shift CAT Data Breach Liability Away From SROs

Date 27/01/2021

In a comment letter filed today with the SEC, SIFMA strongly opposes the SEC’s proposed amendment to the National Market System Plan governing the Consolidated Audit Trail (CAT) that would force all CAT Reporters to effectively assume all liability associated with a breach of the CAT data system.  The proposal permits the self-regulatory organizations (SROs) to disclaim liability for a breach or misuse of CAT data which goes beyond the regulatory immunity they already have.

Trustco Bank Delivers Enhanced Digital Banking Experiences With Fiserv - New Capabilities Fuel Adoption As Customers Increasingly Turn To Digital Interactions

Date 27/01/2021

New York-based Trustco Bank (NASDAQ:TRST) is seeing new levels of digital adoption and engagement following the launch of an enhanced digital banking platform from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions.

Federal Open Market Committee Reaffirms Its "Statement On Longer-Run Goals And Monetary Policy Strategy"

Date 27/01/2021

The Federal Open Market Committee, at its annual organizational meeting this week, unanimously reaffirmed its "Statement of Longer-Run Goals and Monetary Policy Strategy."

SEC Charges Vuuzle Media Corp. And Affiliated Individuals In Connection With $14 Million Offering Fraud

Date 27/01/2021

The Securities and Exchange Commission today charged Vuuzle Media Corporation, a purported online live streaming and entertainment company, and its founder Ronald Shane Flynn (a.k.a. Ronnie Shane) with fraudulently offering over $14 million in securities to investors across the United States using an aggressive boiler room sales scheme.

Federal Reserve Issues FOMC Statement

Date 27/01/2021

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.

Moscow Exchange: Risk Parameters Changes On Securities Market

Date 27/01/2021

Please follow the links below to access the information:

Risk parameters change for the security SBUX-RM

Risk parameters change for the security IBM-RM

Risk parameters change on Securities market

Readout: US Secretary Of The Treasury Janet L. Yellen’s Call With German Finance Minister Olaf Scholz

Date 27/01/2021

Earlier today, Secretary of the Treasury Janet L. Yellen spoke with German Finance Minister Olaf Scholz. During the call, they stressed the importance of the U.S.-German and transatlantic partnerships and agreed to work together to end the pandemic, support a strong and sustained global economic recovery, fight income inequality, and forcefully address the threat of climate change. Secretary Yellen committed to active U.S. participation in the ongoing OECD discussions on international taxation to forge a timely international accord. The Secretary noted the importance of collaborating closely on bilateral and global issues.

IOSCO: Jean-Paul Servais Appointed Co-Chair Of The Monitoring Group

Date 27/01/2021

The Monitoring Group is pleased to announce the appointment of Mr. Jean-Paul Servais as Co-Chair of the Monitoring Group for a two-year term.