News Centre

European Commission: Speech By President Juncker At The Plenary Session Of The European Parliament On The Guidelines On The Framework Of Future EU-UK Relations

Date 13/03/2018

Ten days ago Prime Minister May gave us some more clarity on how the UK sees its future relationship with the EU.

As my good friend John Bruton wrote in a recent article: "The most valuable test that Mrs May wishes to apply to a Brexit agreement is that it should be one that would endure, and not require constant renegotiation."

I could not agree more, which means that everything that we say and that we do, on both sides, will require the utmost of clarity to help us pass the test.

Addressing The Dark Side Of The Crypto World, By Christine Lagarde, Managing Director, International Monetary Fund

Date 13/03/2018

Whether Bitcoin’s value goes up or Bitcoin’s value goes down, people around the world are asking the same question: What exactly is the potential of crypto-assets?

Statement Of CFTC Commissioner Brian Quintenz On A Proposal By Cameron And Tyler Winklevoss For A Virtual Commodity SRO

Date 13/03/2018

I congratulate Cameron and Tyler Winklevoss on their energetic leadership and thoughtful approach in outlining a virtual commodity self-regulatory organization (SRO) concept. 

ICE Benchmark Administration To Publish Test Data For The Evolution Of ICE LIBOR

Date 13/03/2018

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announces that ICE Benchmark Administration Limited (IBA) will publish data relating to a three-month testing period during which all 20 LIBOR panel banks were required to make parallel LIBOR submissions. These parallel submissions used the evolved waterfall methodology (the “waterfall methodology”) set out in the ICE LIBOR output statement (the “output statement”).

Federal Reserve Issues Enforcement Action With Industrial And Commercial Bank Of China Ltd.

Date 13/03/2018

The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below:

• Industrial and Commercial Bank of China Ltd., Beijing, People's Republic of China and
• Industrial and Commercial Bank of China Ltd., New York Branch, New York, New York

Cease and Desist Order dated March 12, 2018

Attachment (PDF)

SEC: Foreign Affiliates Of KPMG, Deloitte, BDO Charged In Improper Audits

Date 13/03/2018

The Securities and Exchange Commission today charged foreign affiliates of KPMG, Deloitte & Touche, and BDO for their involvement in audit work that circumvented the full oversight of the Public Company Accounting Oversight Board (PCAOB).

LiquidityBook Names Matthew Howard Head Of Asia-Pacific Client Service

Date 13/03/2018

LiquidityBook, a leading Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, today announced the addition of Matthew Howard as Head of Asia-Pacific Client Service, as demand for its industry-leading POEMS (portfolio, order and execution management system) platform grows globally.

The First Exchange For Trading Multiple Assets Using Cryptocurrency – TradeConnect – Is Announced

Date 13/03/2018

• Blockchain-based exchange TradeConnect enables trading of everyday financial products such as equities, FX, commodities and precious metals
• A single digital trading token – ThinkCoin – will be used as a unit of exchange
• ThinkCoin Initial Coin Offering (ICO) launches on 27th March 2018
• TradeConnect is part of the ThinkMarkets group, a globally-licensed financial services firm with more than a decade of experience

Cboe Periodic Auctions Hits New One-Day Record Of €582 Million Traded On 12 March

Date 13/03/2018

• Cboe Periodic Auctions volume continued to rise since the implementation of MiFID II; poised for continued growth with double-volume caps now in effect
• March average daily notional value traded (ADNV) for Cboe Periodic Auctions book reaches €435.4 million

Bitcoin Not The Answer To A Cashless Society - Opinion Piece By Benoît Cœuré, Member Of The Executive Board Of The ECB And Chair Of The Bank For International Settlements (BIS) Committee On Payments And Market Infrastructures (CPMI), Co-Authored By Jacqueline Loh, Chair Of The BIS Markets Committee, Published In The Financial Times On 13 March 2018

Date 13/03/2018

Next week, Group of 20 policymakers will discuss bitcoin and other blockchain-based digital tokens. Such cryptocurrencies are poor imitations of money. Almost nobody prices goods in bitcoin, few use them for payments, and, as a store of value, they are no better than gambling in a casino. Policymakers are rightly worried about consumer and investor abuses, as well as illicit use.