News Centre

Colt And NESIC To Collaborate On Microsoft Azure-Driven IoT Platform Service

Date 23/02/2017

Colt Technology Services has announced that it will be providing dedicated network connectivity to the cloud for NEC Networks & System Integration Corporation’s Internet of Things (IoT) Platform Service, which leverages Microsoft Azure. The connectivity will be powered by Colt’s Cloud Connectivity Service, a service that is focused on stability and security.

Statement On Jury's Verdict In Trial Of Christopher J. Hall, Stephanie Avakian, SEC Acting Director, Division Of Enforcement

Date 23/02/2017

"We are pleased that the jury found Christopher Hall liable for fraudulently obtaining millions of dollars in loans from his brokerage firm.  Those who seek to borrow from brokerage firms must deal honestly, and we will continue to hold accountable those who do not."

CFTC Swaps Report Update

Date 22/02/2017

CFTC's Weekly Swaps Report has been updated, and is now available.

In Experts We Trust? - Speech By Minouche Shafik, Bank Of England Deputy Governor For Markets And Banking

Date 22/02/2017

Press Release

In her final speech as Deputy Governor for Markets and Banking, before becoming Director of the London School of Economics, Minouche Shafik sets out an agenda for rebuilding the trustworthiness of experts. She says, “getting this right is vital for determining whether our futures are shaped by ignorance and narrow-mindedness, or by knowledge and informed debate”.

FINRA Orders Purshe Kaplan Sterling Investments To Pay $3.4 Million In Restitution To Native American Tribe - Firm Also Fined $750,000 For Failures To Supervise

Date 22/02/2017

The Financial Industry Regulatory Authority (FINRA) announced today that Albany, New York-based Purshe Kaplan Sterling Investments (PKS) will pay nearly $3.4 million in restitution to a Native American tribe, after the tribe paid excessive sales charges on purchases of non-traded Real Estate Investment Trusts (REITs) and Business Development Companies (BDCs). In addition to ordering restitution, FINRA fined PKS $750,000 for its failures to supervise the sales of these securities. This settlement resolves charges brought in a February 2016 FINRA complaint against PKS. The charges alleged in the same complaint against the tribe’s PKS registered representative, Gopi Vungarala, are ongoing.

Office Of Financial Research Update Measuring Systemwide Resilience Of Central Counterparties

Date 22/02/2017

The U.S. Office of Financial Research today posted a research brief, entitled, “Measuring Systemwide Resilience of Central Counterparties.” This brief proposes a novel way to conduct a U.S. systemwide stress test of central counterparties, or CCPs. The approach takes into account the impacts of losses and defaults at CCPs’ member banks. It would require little extra effort by companies because regulators can use the results of existing stress tests of CCPs.

Minutes Of The Federal Open Market Committee, January 31-February 1, 2017

Date 22/02/2017

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 31-February 1, 2017.

UK's Financial Conduct Authority: Operation Of The MoU With The Bank Of England For Market Infrastructure - 2016 Performance Statement

Date 22/02/2017

Domestically, the Bank co-operates with both the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) in relation to supervising market infrastructure and payment systems respectively. The frameworks for co-operation with these authorities are set out in memorandums of understanding which the signatories are required to review annually.

Federal Reserve Governor Jerome H. Powell At The Forecasters Club Of New York Luncheon, New York, New York, February 22, 2017 - The Economic Outlook and Monetary Policy

Date 22/02/2017

Thank you for this invitation to speak here today. I will begin by taking stock of the progress of the U.S. economy. I will then discuss longer-term challenges for the economy and wrap up with a discussion of monetary policy. As usual, my comments reflect my own views and not necessarily those of my colleagues on the Federal Open Market Committee (FOMC).

Finansinspektionen’s View On Automated Investment Advice

Date 22/02/2017

It is likely that automated services will play a greater role on the financial market. Finansinspektionen (FI) views an online market with simplified investment advice as a step in the right direction in terms of achieving an independent market for investment advice that reaches a wide number of consumers.