News Centre

Statement Of CFTC Commissioner Christy Goldsmith Romero On Strengthening Swap Dealer Reporting Requirements For Commodity-Based Swaps To Promote Financial Stability

Date 19/12/2023

The CFTC proposes to strengthen swap dealer reporting requirements for commodity-based swaps—reporting that the CFTC uses for surveillance, oversight, and to avoid systemic risk.  Swaps markets contributed to the 2008 financial crisis, and were previously opaque, leaving regulators blind to emerging risks.  Dodd Frank Act reforms required swap dealers to report transaction-level data to swap data repositories and the CFTC.

B.C. Securities Commission Appoints Warren Funt As Commissioner

Date 19/12/2023

Warren Funt has been appointed by the B.C. government to the board of the B.C. Securities Commission (BCSC).

US Office Of The Comptroller Of The Currency Assesses $15 Million Penalty Against U.S. Bank For Unfair Practices

Date 19/12/2023

The Office of the Comptroller of the Currency (OCC) today assessed a $15 million civil money penalty against U.S. Bank, National Association, Cincinnati, Ohio, for violations of law relating to the bank’s administration of a prepaid card program to distribute public unemployment insurance benefit payments.

ETFGI Reports Assets Invested In Actively Managed ETFs Listed Globally Reached A New Milestone Of US$700.38 Billion At The End Of November

Date 19/12/2023

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that assets invested in actively managed ETFs listed globally reached a new milestone of US$700.38 billion at the end of November. Actively managed ETF listed globally reported net inflows of US$34.82 billion during November, bringing year-to-date net inflows to a record US$166.94 billion. Assets invested in actively managed ETFs have increased 43.8% year-to-date in 2023, going from US$487.22 billion at the end of 2022 to US$700.38 billion, according to ETFGI's November 2023 Active ETFs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Office Of The US Comptroller Of The Currency Assesses $15 Million Penalty Against U.S. Bank For Unfair Practices

Date 19/12/2023

The Office of the Comptroller of the Currency (OCC) today assessed a $15 million civil money penalty against U.S. Bank, National Association, Cincinnati, Ohio, for violations of law relating to the bank’s administration of a prepaid card program to distribute public unemployment insurance benefit payments.

SIX Becomes First Exchange Operator To Offer Pan-European On-Exchange RFQ Trading For ETFs

Date 19/12/2023

On December 4th 2023, SIX introduced a novel service extension to its Exchange Traded Funds (ETF) franchise, called Quote-on-Demand Europe (QOD Europe). In addition to over 1,700 tradable products listed at SIX Swiss Exchange, clients are now able to trade ETFs listed on other primary exchanges like the London Stock Exchange, Deutsche Boerse, Euronext, Nasdaq OMX and Wiener Boerse and more via ETF QOD Europe. This innovative trading service offers efficient straight-through processing using the interoperable Central Counterparty (CCP) model with settlement into domestic Central Security Depositories (CSDs). Complementary to the established multilateral open order-book, the range of tradable ETFs reaches to almost 6,000 products tradable at SIX Swiss Exchange.

Israel Based Phoenix Leverages Broadridge's Order Management System To Drive International Institutional Trading Expansion, Institutional Clients Benefit From Direct Market Access To The Tel Aviv Stock Exchange

Date 19/12/2023

Phoenix Investment House, the capital market, brokerage, and fund management arm of Phoenix Holdings, a leading Israel-based insurance, asset management, and financials group (TASE: PHOE) (“Phoenix”) has selected the Order Management System (OMS) of Global Fintech leader Broadridge (NYSE: BR) to drive expansion of international institutional trading on the Tel Aviv Stock Exchange (TASE).

smartixshares.com/de: BaFin Investigates Website Operator

Date 19/12/2023

The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Smart IX Shares and the services it is offering. According to information available to BaFin, the operators of the website offer consumers the possibility to open accounts for trading in financial instruments. The operators do not have the authorisation to do so.

BIS: Monetary Tightening, Inflation Drivers And Financial Stress

Date 19/12/2023

Summary

Focus

Since mid-2021, central banks have swiftly raised policy rates against the backdrop of a flare-up in inflation. Experience shows that rapid monetary tightening can usher in financial stress.

FINMA Publishes Report And Lessons Learned From The Credit Suisse Crisis

Date 19/12/2023

The Swiss Financial Market Supervisory Authority FINMA has today published its report on the Credit Suisse crisis. In this report, it analyses the development of Credit Suisse between 2008 and 2023 with regard to its strategy, business performance, management decisions, risk management and preparation for crises. It also examines FINMA’s supervisory work with the bank.