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Paper, Plastic, Peer-To-Peer: SEC Commissioner Hester M. Peirce, March 15, 2021 - Remarks At The British Blockchain Association’s Conference - “Success Through Synergy: Next Generation Leadership For Extraordinary Time”

Date 16/03/2021

Thank you to the British Blockchain Association for including me in today’s conference. I will begin with my standard disclaimer that the views that I represent are my own and not necessarily those of the Securities and Exchange Commission or my fellow Commissioners.

NYSE Member Firms Report Fourth Quarter Results

Date 16/03/2021

New York Stock Exchange member firms that conduct business with the public reported a fourth-quarter 2020 after-tax profit of approximately $11 billion and revenues of approximately $54 billion, compared with approximately $3.6 billion after-tax profit on revenues of about $57 billion in the fourth-quarter of 2019.

eToro, The World’s Leading Social Investment Network, To Become Publicly Traded Through Business Combination With FinTech Acquisition Corp. V

Date 16/03/2021

• Company expected to have an estimated implied equity value of approximately $10.4 billion
• Global multi-asset investment platform capitalizing on secular trends: rise of digital wealth platforms, growing retail participation, and mainstream crypto adoption  
• In 2020, eToro added over 5 million new registered users and generated gross revenues of $605 million
• Added over 1.2 million new registered users and executed more than 75 million trades in January 2021 alone
• Transaction includes commitments for a $650 million common share private placement from leading investors including ION Investment Group, Softbank Vision Fund 2, Third Point LLC, Fidelity Management & Research Company LLC, and Wellington Management.
• Investor call scheduled for March 16, 2021 at 8:00 AM Eastern

ISDA Endorses Creation Of ESAP

Date 16/03/2021

On March 12, 2021, ISDA submitted a response to the European Commission’s (EC) consultation on the establishment of a European Single Access Point (ESAP) for financial and non-financial data. In its response, ISDA endorses the creation of ESAP, highlighting the benefits for cross-border access to meaningful information and the reporting of environmental, social and governance-related information. With respect to the scope of ESAP, ISDA recommends that the eventual administrators of ESAP should focus on a small number of data points at the initial stage, characterized by low-frequency and raw company level data, such as data resulting from the Transparency Directive, Accounting Directive and Audit Directive as well as the revised Non-Financial Reporting Directive. In addition, the ISDA response discusses the usability and data governance of ESAP by highlighting the potential benefits of the Common Domain Model.

New York Attorney General James Urges Victims Of Precious Metals Scheme To File A Claim Before Deadline - Seniors Deceived Into Investing Millions In Metals.Com And Related Companies - Defrauded Investors Have Through April 30 To File Claim

Date 16/03/2021

New York Attorney General Letitia James today urged victims of fraud perpetrated by Metals.com and related entities to file a claim with a court appointed receiver and begin the process of recovering their defrauded funds. Last September, Attorney General James, along with 29 additional states and the U.S. Commodity Futures Trading Commission (CFTC), filed a lawsuit against Metals.com for defrauding seniors across New York and the rest of the nation — soliciting more than $185 million by peddling false claims and by charging exorbitant fees for overpriced precious metals. Earlier this month, the U.S. District Court for the Northern District of Texas entered an injunction and a restraining order, freezing the assets of the defendants and appointing a receiver to marshal the defendants’ remaining assets and issue relief to defrauded clients.

CME Group To Launch E-mini Nasdaq-100 Monday And Wednesday Weekly Options On April 12

Date 16/03/2021

CME Group, the world's leading and most diverse derivatives marketplace, today announced it will expand its suite of E-mini Nasdaq-100 options with the launch of Monday and Wednesday Weekly options on April 12, pending regulatory review. These new options contracts will complement the existing Friday Weekly, End-of-Month and Quarterly options on E-mini Nasdaq-100 futures.

Cboe Global Markets Announces Date Of First-Quarter 2021 Earnings Release And Conference Call

Date 16/03/2021

Cboe Global Markets, Inc. (Cboe: CBOE), a market operator and global trading solutions provider, today said it will announce its financial results for the first quarter of 2021 before the market opens on Friday, April 30, 2021. A conference call with remarks by the company's senior management will begin at 7:30 a.m. Central Time (CT), 8:30 a.m. Eastern Time (ET).

The EBA Will Make Its Basel III Monitoring Exercise Mandatory

Date 16/03/2021

The European Banking Authority (EBA) published today a decision, which will change the Basel III monitoring exercise from its current voluntary nature to a mandatory exercise from December 2021. This change stems from the need to expand the sample to more jurisdictions and credit institutions, making it more representative, as well as to reach a stable sample over time by providing authorities with a sound legal basis that frames institutions’ participation. This decision will assist the EBA to represent, effectively, the interests of EU institutions in the Basel Committee on Banking Supervision (BCBS) and to provide informed opinions and technical advice to the European Commission, the European Parliament and the Council regarding the implementation of the BCBS standards into the Union law.

BIS: Big Techs In Finance: Regulatory Approaches And Policy Options

Date 16/03/2021

Highlights

• At present, financial services represent a relatively small part of big techs' overall activities, though this can change rapidly due to the unique features of their business models and they could quickly become systemically important – or "too big to fail".
• Big techs' financial operations are subject to the same requirements as those of other market participants. As such, big techs need to hold appropriate licences to perform regulated financial activities or provide their services in partnership with financial institutions that meet the regulatory requirements.
• Risks connected with big tech activities in finance may not be fully captured by the regulatory approach up to now, which is geared towards individual entities or specific activities and not the risks that are created by substantive interlinkages within big tech groups and their role as critical service providers for financial institutions.
• An effective oversight of big tech activities in finance calls for going beyond a piecemeal policy framework and considering recalibrating the mix of entity-based and activity-based rules, in favour of the former in certain policy areas. A step further would be to assess the possibility of introducing a bespoke approach for big techs encompassing a comprehensive public policy framework. In any case, there is a need for enhancing cross-sectoral and cross-border cooperative arrangements.

Moscow Exchange: Revised Maximum Quantity Of Securities Eligible As Collateral On Derivatives Market

Date 16/03/2021

CCP NCC changes maximum quantity of securities eligible as collateral on Derivatives Market starting from 7:00 p.m. on March 22, 2021: