News Centre

SEC Publishes Annual Staff Report On Nationally Recognized Statistical Rating Organizations

Date 16/02/2024

The Securities and Exchange Commission’s Office of Credit Ratings published its annual Staff Report to Congress today on Nationally Recognized Statistical Rating Organizations (NRSROs), commonly known as credit rating agencies, to provide findings on its examinations of the agencies, and to discuss the state of competition, transparency, and conflicts of interest among them.

UK Financial Conduct Authority: Mohammed Zina Sentenced To 22 Months In Prison For Insider Dealing And Fraud

Date 16/02/2024

Following a sentencing hearing at Southwark Crown Court, Mohammed Zina, 35, was today sentenced to 22 months in prison for insider dealing and fraud.

Palingeo Lists On Euronext Growth Milan

Date 16/02/2024

• 2nd listing of 2024 on Euronext Growth Milan

• 5th listing on Euronext in 2024

• Total placement volume of the offering equal to €8.1 million

Supervision With Speed, Force, And Agility, Federal Reserve Vice Chair For Supervision Michael S. Barr, At The Annual Columbia Law School Banking Conference, New York, New York

Date 16/02/2024

Thank you to Columbia University and the organizers for the opportunity to speak today. It has been nearly a year since the sudden failure of Silicon Valley Bank (SVB) and ensuing turmoil in the banking system, events which prompted important questions about how banks manage risks and how we at the Federal Reserve supervise that risk-taking. It is a fitting time to share some reflections on the importance of the day-to-day work of bank supervision and the steps we are taking to improve the speed, force, and agility of supervision.

SEC Charges Van Eck Associates For Failing To Disclose Influencer’s Role In Connection With ETF Launch

Date 16/02/2024

The Securities and Exchange Commission today announced that registered investment adviser Van Eck Associates Corporation has agreed to pay a $1.75 million civil penalty to settle charges that it failed to disclose a social media influencer’s role in the launch of its new exchange-traded fund (ETF).

January Corporate And Municipal CUSIP Request Volumes Flat Year-Over-Year

Date 16/02/2024

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for January 2024. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found January volumes roughly in line with year-ago totals across corporate and municipal asset classes.

FESE Response To The UK FCA Consultation On The Commodity Derivatives Regulatory Framework

Date 16/02/2024

• FESE supports the changes proposed by the FCA to the position limits regime. The new rules should alleviate the rigidity of the system by identifying a set of contracts denominated “critical”, to which position limits apply.
• FESE also fully agrees with the transfer of responsibilities for setting position limits from the FCA to the relevant trading venues. Consequently, FESE suggests keeping the list of aspects that trading venues must keep into consideration when designing position limits high-level, without specifying the details in the legislation.
• Finally, FESE calls on the FCA to reconsider its proposal for enlarging the reporting of derivatives traded on overseas markets. It should be avoided that UK trading venues can request position data regarding positions in derivatives traded in overseas markets with whom they are in direct competition as this data constitutes commercially highly sensitive information.

Malawi Stock Exchange Weekly Summary, 16 February 2024

Date 16/02/2024

Click here to download Malawi Stock Exchange's weekly summary.

HKEX Welcomes Hong Kong Government Appointments To Its Board

Date 16/02/2024

Hong Kong Exchanges and Clearing Limited (HKEX) today (Friday) welcomes the Hong Kong Government’s appointment of Chan Kin-por and Peter Yan, and its re-appointment of Susan Chow, to its Board of Directors.

UK Financial Conduct Authority: Convicted Illegal Money Lender Imprisoned For Failing To Pay Confiscation Order

Date 16/02/2024

Illegal money lender, Dharam Prakash Gopee (70), has been sentenced to almost 8 years in prison for failing to pay a confiscation order.