News Centre

SEC Charges Pennsylvania Resident With Insider Trading In Dick’s Sporting Goods Securities

Date 10/05/2024

The Securities and Exchange Commission today charged Gibsonia, PA resident Frank T. Poerio, Jr. with insider trading for misappropriating material, nonpublic information concerning Dick’s Sporting Goods Inc. and trading on that information, realizing illegal profits of more than $800,000.

Commencement Remarks, Federal Reserve Vice Chair For Supervision Michael S. Barr, At The American University School Of Public Affairs Graduation Ceremony, Washington, D.C.

Date 10/05/2024

Congratulations, Class of 2024! Let me also congratulate your families, friends, teachers, mentors, and everyone else who believed in you and supported you on the path that brought you here today. Thank you, President Burwell, Provost Wilkins, and Dean Jacknowitz

The Pursuit Of Excellence; Opening Remarks Before Eleventh Annual Conference On Financial Market Regulation, CFTC Commissioner Jaime Lizárraga, Washington D.C., May 10, 2024

Date 10/05/2024

Thank you, Vlad [Ivanov], for that introduction. To Jessica Wachter: thank you for your leadership as Director of the Commission’s Division of Economic and Risk Analysis (“DERA”), and for inviting me to deliver these remarks today.

UK Financial Conduct Authority: Stuart Bayes Sentenced For Insider Dealing

Date 10/05/2024

Following a sentencing hearing at Southwark Crown Court, Stuart Bayes, 58, was today sentenced to 18 months’ imprisonment, suspended for 2 years, after being convicted of 2 counts of insider dealing.

Statement Of CFTC Commissioner Caroline D. Pham: The CFTC Needs To Get Serious. A Strategic Plan For Reform

Date 10/05/2024

Today, the Commodity Futures Trading Commission (CFTC) will take yet another step down a misguided path that encroaches so far onto States’ rights that it makes a mockery of the Tenth Amendment.  It pains me to say that despite the road here being paved with good intentions, today’s event contracts rulemaking is yet another example of how far the Commission has strayed from the requirements of the Administrative Procedure Act and the Constitution, and how little the Commission seems to care for fairness and due process under the law.

SIFMA Fixed Income Market Close Recommendations In The US, The UK, And Japan For The US Memorial Day Holiday

Date 10/05/2024

SIFMA confirmed its previous recommendations for the U.S., the U.K., and Japan in observance of the U.S. Memorial Day holiday.

Nigerian Exchange Weekly Market Report For Week Ended May 10th, 2024

Date 10/05/2024

A total turnover of 2.187 billion shares worth N50.667 billion in 45,277 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.941 billion shares valued at N32.644 billion that exchanged hands last week in 35,807 deals.

Federal Reserve Supervision And Regulation Report

Date 10/05/2024

The report summarizes banking conditions and the Federal Reserve’s supervisory and regulatory activities, in conjunction with semiannual testimony before Congress by the Vice Chair for Supervision.

Statement Of CFTC Chairman Rostin Behnam Regarding Proposed Event Contracts Rulemaking

Date 10/05/2024

I support the proposed amendments to the Commission’s rules concerning event contracts.  Before further discussion, I would like to acknowledge the tremendous work by many CFTC colleagues.  I particularly would like to thank Vince McGonagle, Nora Flood, and Grey Tanzi for all of their thorough and thoughtful work on the proposal.

Piero Cipollone, Member Of The Executive Board Of The ECB: Digital Euro: Stocktake And Next Steps

Date 10/05/2024

Payment landscape in Europe

• Declining use of cash: the proportion of cash payments fell from 72% to 59% (2019-2022); number of banknotes in circulation decreased for the first time in 2023. 
• Fragmentation: there is no single European payment solution for digital payments at the point of sale anywhere in the euro area. 
• Dependence on international providers: 13 out of 20 euro area countries don’t have a national card scheme and rely instead on international schemes for digital payments. These schemes account for 64% of all electronically-initiated transactions with cards issued in the euro area.