News Centre

CFTC Provides Additional Relief To Market Participants Transitioning From LIBOR

Date 31/08/2020

The Commodity Futures Trading Commission today announced that the Division of Swap Dealer and Intermediary Oversight, Division of Market Oversight, and Division of Clearing and Risk have each issued revised no-action letters providing additional relief to swap dealers and other market participants related to the industry-wide initiative to transition from swaps that reference the London Interbank Offered Rate (LIBOR) and other interbank offered rates to swaps that reference alternative benchmarks.

SEC Updates List Of Firms Using Inaccurate Information To Solicit Investors

Date 31/08/2020

The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 23 soliciting entities, eight impersonators of genuine firms, and seven bogus regulators.

Aite Group Announces New Senior Analysts Ginger Schmeltzer, Rodney Nelsestuen, Manoj Upreti, And Vinod Jain

Date 31/08/2020

Ginger Schmeltzer  Senior Analyst

Ginger Schmeltzer is a senior analyst for Aite Group’s Retail Banking & Payments practice covering enterprise retail payments, emerging payments, and the processor and acquirer landscapes. Prior to joining Aite Group, Ms. Schmeltzer was the principal and founder of GDS Advisors, a strategy consulting firm focused primarily on fintech, digital banking, and payments.

CFTC Reinstates TeraExchange, LLC As A Swap Execution Facility

Date 31/08/2020

The Commodity Futures Trading Commission has issued an Order of Reinstatement to TeraExchange, LLC restoring its registration status as a Swap Execution Facility (SEF). The order, effective today, was issued in accordance with Section 5 of the Commodity Exchange Act and CFTC Regulations 37.3(b) and 37.3(d).

NSE Indices Index Dashboard For The Month Ended August 2020

Date 31/08/2020

Click here to download the ' Index Dashboard' for the month ended August 2020. 

SEC Awards Over $1.25 Million To Whistleblower

Date 31/08/2020

The Securities and Exchange Commission today announced an award of over $1.25 million to a whistleblower whose significant information prompted the agency to initiate a cause examination and bring an enforcement action that resulted in the return of millions of dollars to harmed investors.

ESMA Publishes List Of Thresholds For Shareholder Identification

Date 31/08/2020

Interview With Reuters - Interview With Isabel Schnabel, Member Of The Executive Board Of The ECB, Conducted By Balazs Koranyi And Frank Siebelt On 28 August 2020 And Published On 31 August 2020

Date 31/08/2020

Could you please update us on your assessment of economic developments over the summer?

We now have the numbers for the second quarter and they showed a decline in GDP of 12.1% (quarter-on-quarter). That’s of course very large, but it’s close to our projection of -13%. If you look at incoming data, by and large they support the baseline of our June projections. It remains the case that uncertainty is exceptionally high. But overall, I believe that we are still close to the baseline. That means we expect a strong rebound in the third quarter, even if that rebound will not be strong enough to put us back to where we started. So, there will be a protracted recovery, much in line with what we projected in June.

Cyprus Stock Exchange Monthly Bulletin For July 2020

Date 31/08/2020

The total value of transactions during the month in review reached €1,22 million, with an average of €0,05 million per trading session. The Financials sector contributed 70,49% to the total value traded which was the highest among all other sectors. Investors primarily focused their interest on the shares of “Bank of Cyprus Holdings Plc” and also on shares of “Hellenic Bank Public Company Ltd” with 53,88% and 10,32% of the total value respectively.

EBA Issues Opinion Regarding The European Commission’s Intention To Amend The EBA’s Final Draft RTS On Economic Downturn

Date 31/08/2020

The European Banking Authority (EBA) published today an Opinion in response to the European Commission’s intention to amend the EBAs final draft Regulatory Technical Standard (RTS) on the specification of the nature, severity and duration of an economic downturn. The EBA is of the view that the several changes introduced by the Commission would alter the agreed policy and, therefore, suggests changes with the aim of maintaining the agreed consensus of the originally submitted text.