News Centre

Monetary Authority Of Singapore Imposes Composition Penalty Of S$1 Million On Bank J. Safra Sarasin Ltd, Singapore Branch For AML/CFT Failures

Date 14/04/2021

The Monetary Authority of Singapore (MAS) has imposed a composition penalty of S$1 million on Bank J. Safra Sarasin Ltd, Singapore Branch (BJS) for its failures to comply with MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. The penalty amount took into consideration BJS’s remediation actions to address deficiencies that were identified by MAS.

African Fintechs Collaborate To Interlink Mobile Money And Digital Assets - SECDEX And KOINON Jointly Foster B2C & B2B Payments Convergence & Digital Assets Exchange

Date 14/04/2021

The Seychelles-based Securities, Commodities and Derivatives Exchange (SECDEX), and KOINON, the global Digital Coin and Token based payment platform, are pleased to announce a collaboration to foster the intersection of African B2C and B2B payments and dynamic asset conversion between fiat currencies, cryptocurrencies and a broader range of digital assets. This initiative comes at a key time in the mobile payments industry growth as evidenced by Mastercard’s recent $100million investment in Africa’s Airtel which focuses on mobile payments and financial inclusion.

CFE Finance Expands The London Office With Two New Seniors - With The Entry Of Anna Sizova As Senior VP In Trading And Marina Ryabokon As Senior VP In Sales/Trading And Fixed Income, CFE Finance Strengthens Its Positioning In Trading In Emerging Markets And Fixed Income.

Date 14/04/2021

CFE Finance, Investment Banking boutique specialised in niche credit strategies and trade finance, strengthens its team in the United Kingdom with two new seniors: Anna Sizova as Senior Vice President in Emerging Markets Trading & Portfolio Management and Marina Ryabokon as Senior VP in Sales/Trading and Fixed Income EM.

International Standardisation A Vital Gateway For SA Exports To Grow And Trigger Local Economic Revival

Date 14/04/2021

As much as President Cyril Ramaphosa has emphasised the need for South Africans to “buy local” to boost the country’s ailing economy, exports remain crucial to government’s turnaround strategy.

Taiwan Futures Exchange Newsletter - April 2021

Date 14/04/2021

For the first quarter of 2021, Taiwan Futures Exchange (TAIFEX) reported a total trading volume of 97,621,855 contracts, with average daily volume (ADV) of 1,774,945 contracts, up 27.38% from 2020. In terms of asset class, Single Stock Futures demonstrated strongest growth in both volume and open interest (OI) during the first quarter, with ADV peaking at 224,207 contracts, more than doubled from 2020, and an all-time OI record of 432,285 contracts. The volume surge highlighted the market demand for risk management in the industries affected by the pandemic, such as Shipping and Transportation, Semiconductors as well as Optoelectronics. Of all, trading volumes of Single Stock Futures on Evergreen Marine (CZF), United Microelectronics (CCF), Taiwan Semiconductor Manufacturing (CDF), Winbond Electronic (FZF), Innolux (DQF), and AU Optronics (CHF) all hit new records in the first quarter.

Monetary Authority Of Singapore Monetary Policy Statement - April 2021

Date 14/04/2021

INTRODUCTION

1.   In its October 2020 Monetary Policy Statement, MAS kept the rate of appreciation of the S$NEER policy band at zero percent per annum, with no change to the width of the policy band or the level at which it was centred. This policy stance was assessed to be appropriate in view of the weak outlook for core inflation. While core inflation was expected to rise and gradually turn positive this year, it would stay well below its long-term average.

Token Safe Harbor Proposal 2.0, SEC Commissioner Hester M. Peirce, April 13, 2021

Date 13/04/2021

Earlier today, I released on GitHub an updated version of the token safe harbor proposal that I originally suggested in February 2020. The safe harbor seeks to provide network developers with a three-year grace period within which, under certain conditions, they can facilitate participation in and the development of a functional or decentralized network, exempted from the registration provisions of the federal securities laws. The updated version reflects constructive feedback provided by the crypto community, securities lawyers, and members of the public. I am grateful for the thoughtful engagement and believe it demonstrates the need for regulatory clarity in this space. There is, however, more work to be done, which is why I, as a believer in the value of drawing on decentralized knowledge, posted the safe harbor on GitHub.

US Office Of The Comptroller Of The Currency Designates Four As Senior National Bank Examiners

Date 13/04/2021

The Office of the Comptroller of the Currency (OCC) today designated Brad Biedermann, Kimberly Cahill, James Calhoun, and Roberta Caruso as Senior National Bank Examiners.

New Zealand Financial Markets Authority Expects KiwiSaver Managers To Follow Four Key Principles To Show Value For Money

Date 13/04/2021

Fund managers are expected to annually review their fees and value for money with their supervisors and prove to the Financial Markets Authority (FMA) the review has happened, as a result of final guidance on fund manager fees and value for money, published today.

Benchmark Strategies Forum, April 13, 2021, Opening Remarks, Scott O’Malia, ISDA Chief Executive

Date 13/04/2021

Hello everyone, and welcome to the Benchmarks Strategies Forum. I’d like to take this opportunity to thank CME Group for supporting this event once again. I know CME is as passionate as we are about raising awareness on benchmark reform, so we’re delighted to be able to work together again on this event.