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  • Alberta Securities Commission Consults On Energizing Alberta’s Capital Market

    Date 27/06/2019

    The Alberta Securities Commission (ASC) today published ASC Consultation Paper 11-701 Energizing Alberta’s Capital Market. This consultation is seeking input on steps the ASC can take to foster a vibrant public and private capital market in Alberta while protecting investors.

  • CFTC Announces LabCFTC Accelerator And Second FinTech Conference

    Date 27/06/2019

    The Commodity Futures Trading Commission (CFTC) announced today two events that facilitate and incorporate market-enhancing FinTech innovation. Today, CFTC launched LabCFTC Accelerator, a component of LabCFTC, and announced that it will hold FinTech Forward 2019, the second annual conference dedicated to exploring the latest in FinTech developments, on October 24, 2019 at its Washington, D.C. headquarters during D.C. FinTech Week.

  • EBA: Consultation Paper On Draft RTS On Criteria For Assessing Risk Factors Modellability Under The IMA

    Date 27/06/2019

    The European Banking Authority (EBA) published today its roadmap on the new market and counterparty credit risk approaches and launched a consultation on eleven draft Regulatory Technical Standards (RTS) on the new Internal Model Approach (IMA) under the FRTB (Fundamental Review of the Trading Book) standards along with a data collection exercise on non-modellable risk factors (NMRF). The consultations run until 4 October 2019.

  • Cboe Futures Exchange And American Financial Exchange Announce Planned Launch Of AMERIBOR® Futures

    Date 27/06/2019

    • AMERIBOR futures debut planned for trade date August 16, 2019
    • Banks and other financial institutions may use new futures to hedge variable overnight funding costs and interest rate risk; traders may execute interest rate trading strategies
    • AFX experienced record volume and membership in 2019

  • FESE European Exchange Report - Year 2018

    Date 27/06/2019

    Click here to download FESE's European Exchange Report.

  • CFTC: Commodity Pool And Its President Ordered To Pay $1.2 Million, Banned From Markets For Futures Fraud

    Date 27/06/2019

    The Commodity Futures Trading Commission (CFTC) announced today that a Virginia federal court has entered a Consent Order (Order) resolving a CFTC action against defendants The Kane Capital Investment Group, LLC and its President, Amrit Jaswant Singh Chahal (together, defendants), both of Virginia.  The Order results from a CFTC Complaint charging the defendants with commodity futures fraud, commodity pool fraud, registration violations, and illegally commingling funds (see CFTC Complaint and Press Release 7712-18, dated April 13, 2018). 

  • EBA Publishes Its Roadmap For The New Market And Counterparty Credit Risk Approaches And Launches Consultation On Technical Standards On The IMA Under The FRTB Along With A Data Collection On Non-Modellable Risk Factors

    Date 27/06/2019

    The European Banking Authority (EBA) published today its roadmap on the new market and counterparty credit risk approaches and launched a consultation on eleven draft Regulatory Technical Standards (RTS) on the new Internal Model Approach (IMA) under the FRTB (Fundamental Review of the Trading Book) standards along with a data collection exercise on non-modellable risk factors (NMRF). The consultations run until 4 October 2019.

  • State Street Settles SEC Charges For Adding Undisclosed Markups On Client Expenses

    Date 27/06/2019

    The Securities and Exchange Commission today announced that State Street Bank and Trust Company has agreed to pay over $88 million to settle charges for overcharging mutual funds and other registered investment company clients for expenses related to the firm's custody of client assets. The overcharges included a secret markup that State Street tacked on to the cost of sending secured financial messages through the Society of Worldwide Interbank Financial Telecommunication (SWIFT) network.

  • UK Financial Conduct Authority: Two Found Guilty Of Insider Dealing

    Date 27/06/2019

    Today Fabiana Abdel-Malek was sentenced to 3 years imprisonment and Walid Choucair sentenced to 3 years imprisonment in respect of five offences of insider dealing. Fabiana Abdel-Malek and Walid Anis Choucair were each convicted over the course of the past three days of insider dealing following an eleven week trial brought by the Financial Conduct Authority (FCA) at Southwark Crown Court.

  • EBA: Consultation Paper On Draft RTS On Liquidity Horizons For The IMA

    Date 27/06/2019

    The European Banking Authority (EBA) published today its roadmap on the new market and counterparty credit risk approaches and launched a consultation on eleven draft Regulatory Technical Standards (RTS) on the new Internal Model Approach (IMA) under the FRTB (Fundamental Review of the Trading Book) standards along with a data collection exercise on non-modellable risk factors (NMRF). The consultations run until 4 October 2019.