News Centre

SIFMA Statement On Passage Of New York State LIBOR Legislation

Date 25/03/2021

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the passage of LIBOR legislation by the New York State Legislature:

“We are pleased the New York State Legislature passed the model law for New York to help transition ‘tough legacy’ contracts that are difficult or practically impossible to amend.  SIFMA, as a member of the Alternative Rates Reference Committee (ARRC), helped develop and championed this legislation to facilitate a smooth transition from LIBOR to an alternative reference rate, which is a top priority for the financial services industry.  SIFMA supports market, legislative and regulatory efforts to ensure a smooth transition while avoiding market disruption and legal uncertainty, and to that end we encourage Congress to pass a federal law similar to the one passed in New York to address these issues on a national level.”

Alberta And Saskatchewan Securities Regulators Seek Comment On Proposed New Small Business Financing Initiative

Date 25/03/2021

The Alberta Securities Commission (ASC) and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) are seeking input on a proposal designed to provide greater access to capital by start-ups and other small businesses in Alberta and Saskatchewan and broaden investment opportunities for investors in those provinces.

Moscow Exchange: Risk Parameters Change For The Security BIDU-RM - Update

Date 25/03/2021

As per the Securities market risk parameters methodology, on 25.03.2021, 22-27 (MSK) the lower bound of the price band (up to 14826) and initial margins (up to 29.75 %) for the security BIDU-RM were changed. New values are available here

Fiserv To Streamline Delivery Of Innovative Payment Solutions To Merchants With Acquisition Of Pineapple Payments

Date 25/03/2021

Fiserv, Inc. (NASDAQ: FISV) (“Fiserv”), a leading global provider of payments and financial services technology solutions, today announced that it has signed a definitive agreement to acquire Pineapple Payments and will continue to provide payment processing services to Pineapple Payments merchants, while enhancing its seamless delivery of an array of customer-focused, innovative solutions.

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

Date 25/03/2021

As per the Securities market risk parameters methodology, on 25.03.2021, 21-00 (MSK) the lower bound of the price band (up to 15629) and initial margins (up to 25.5 %) for the security BIDU-RM were changed. New values are available here

Federal Reserve: Senior Credit Officer Opinion Survey On Dealer Financing Terms

Date 25/03/2021

Release Dates 

The Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter (OTC) derivatives markets. The SCOOS is modeled after the long-established Senior Loan Officer Opinion Survey on Bank Lending Practices, which provides qualitative information about changes in supply and demand for loans to households and businesses at commercial banks. The SCOOS collects qualitative information on credit terms and conditions in securities financing and OTC derivatives markets, which are important conduits for leverage in the financial system. The survey panel for the SCOOS began by including 20 dealers and over time has been expanded. These firms account for almost all of the dealer activity in dollar-denominated securities financing and OTC derivatives markets. The survey is directed to senior credit officers responsible for maintaining a consolidated perspective on the management of credit risks. The HTML links below include the full report; the PDF links include the summary only.

Nigerian Exchange Group Group Hosts Children’s International School To Virtual Financial Literacy Session, X-Tour

Date 25/03/2021

The Nigerian Exchange Group (NGX Group) Plc continues to play its role in driving Financial Literacy as a tool for economic development. On Thursday, 25 March 2021, NGX Group commemorated the annual Global Money Week with a virtual X-Tour and digital Closing Gong Ceremony with Children’s International School.

BIS Innovation Hub And SWIFT Announce Winners Of ISO 20022 And API Hackathon

Date 25/03/2021

The BIS Innovation Hub is supporting the CPMI and FSB roadmap to improve cross-border payments. In March 2021 we partnered with SWIFT to run a week-long hackathon focussed on using ISO 20022 messaging and modern APIs to build better cross-border payment processes.

UK Financial Conduct Authority: High Court Finds That 24HR Trading Academy Unlawfully Advised On Investments And Unlawfully Promoted CFD Trading

Date 25/03/2021

The High Court has delivered a summary judgement in proceedings commenced by the FCA ruling that 24HR Trading Academy Limited (24HR Trading), run by Mohammed Fuaath Haja Maideen Maricar, contravened the Financial Services and Markets Act 2000 (FSMA) by providing unauthorised investment advice to consumers via WhatsApp messages.

Climate Considerations Now Fully Embedded Across UK Principal Financial Regulators

Date 25/03/2021

The UK has extended its global leadership on green finance by requiring its principal financial regulators to consider climate change yesterday (24 March 2021).