News Centre

ASIC Expands Network Of fintech Cooperation Agreements To Switzerland

Date 27/10/2017

On 18 October 2017, the Australian Securities and Investments Commission (ASIC) and the Swiss Financial Markets Authority (FINMA) entered a new agreement to cooperate on innovation in the financial sector.

U.S. Treasury Releases Third Report On The Administration’s Core Principles For Financial Regulation

Date 27/10/2017

The U.S. Department of the Treasury today released a report that examines the current regulatory framework for the asset management and insurance industries and makes recommendations to ensure the regulatory framework is aligned with the Administration's Core Principles for financial regulation.

The SEC Enforcement Division’s Initiatives Regarding Retail Investor Protection And Cybersecurity, Stephanie Avakian, Co-Director, Division of Enforcement, Washington, D.C., Oct. 26, 2017

Date 27/10/2017

Introduction

Good afternoon and thank you for inviting me to speak today. Before I begin, let me give the required disclaimer that the views I express here today are my own and do not necessarily represent the views of the Commission or its staff.

With that, I am very happy to be here and to talk about some of what we are doing in the Enforcement Division. This has been a year of transition for us. In May, we welcomed Jay Clayton as our new Chairman. And, in June, Steve Peikin and I were named Co-Directors of the Enforcement Division.

B3 Breaks New Records On Mini Ibovespa Futures Contract And Mini U.S. Dollar Futures Contract

Date 26/10/2017

B3’s Mini Ibovespa Futures Contract hit a record high today ending the day at 520.316 trades. The previous record of 520.039 Mini Ibovespa Futures Contract was recorded on October 25, 2017. B3’s Mini U.S. Dollar Futures Contract also hit a record high today ending the day at 1.072.594 contracts. The previous record of 1.024.963 was recorded on October 24, 2017.

RBS To Pay USD44 Million To Settle U.S. Fraud Claims

Date 26/10/2017

Royal Bank of Scotland has settled a US criminal investigation that accused its traders of defrauding clients on bond prices.

SEC Names Peter B. Driscoll As Director Of The Office Of Compliance Inspections And Examinations

Date 26/10/2017

The Securities and Exchange Commission today announced that Peter B. Driscoll has been named Director of the agency’s Office of Compliance Inspections and Examinations (OCIE).  Mr. Driscoll has served as OCIE’s Acting Director since January 2017.

Office Of Financial Research Update: "Size Alone is Not Sufficient To Identify Systemically Important Banks."

Date 26/10/2017

How can regulators determine which banks to hold to tougher standards to reduce risks to the financial system? U.S. bank regulators often use asset-size thresholds, assuming that larger banks pose more risks than smaller banks. Today, the U.S. Office of Financial Research issued an OFR Viewpoint paper, titled, "Size Alone is Not Sufficient to Identify Systemically Important Banks." This OFR viewpoint argues that a multifactor approach is superior to considering size alone in determining systemic importance.

FINRA EVP Of Regulatory Operations Susan Axelrod Announces Departure

Date 26/10/2017

The Financial Industry Regulatory Authority (FINRA) announced today that Susan F. Axelrod will leave FINRA for other opportunities in the private sector after 28 years of service at the organization and its predecessor, NYSE Regulation. Axelrod has served as FINRA’s Executive Vice President for Regulatory Operations since 2013, where she has been responsible for leading the Member Regulation program, the Office of Fraud Detection and Market Intelligence, Enforcement, and Shared Services.

ESM Board Of Directors Approves €0.8 Billion Disbursement To Greece For Arrears Clearance

Date 26/10/2017

The Board of Directors of the European Stability Mechanism (ESM) today authorised the release of €0.8 billion to Greece for the clearance of arrears. This is the remaining amount of the third tranche of ESM financial assistance, approved on 7 July 2017. It will be disbursed to a dedicated account for clearing arrears.

Nadex: UK And US Daylight Savings Time And Contract Hours Changes

Date 26/10/2017

Nadex would like to remind its customers that the UK and Europe will “fall back” as Daylight Savings Time ends in those regions this Sunday, October 29, 2017.  The change will not affect the close times for all FTSE 100 and Germany 30 contracts on Nadex.