News Centre

ISDA: Green Future – IQ September 2023

Date 18/09/2023

US bank capital experts packing their bags for an August vacation may well have had to ditch the John Grisham in favour of somewhat heavier reading, after US prudential regulators published their keenly-awaited Basel III ‘endgame’ proposals on July 27. But while the 1,000-plus-page notice of proposed rulemaking may lack the thrills and spills of Grisham’s The Pelican Brief, it does contain one or two plot twists and surprises of its own.

Caught In A SAR Trap: Statement On In The Matter Of Pierre Economacos, SEC Commissioner Hester M. Peirce, SEC Commissioner Mark T. Uyeda, Sept. 18, 2023

Date 18/09/2023

The Commission’s Order Instituting Proceedings finds that Respondent Pierre Economacos, a registered representative with 34 years of experience as a broker and an unblemished record, caused the Firm with which he is associated to violate Securities Exchange Act Section 17(a) and Exchange Act Rule 17a-8. In essence, the Order faults Respondent for lacking a sufficiently suspicious mind because—in the Order’s telling—certain transactions in a longstanding customer’s account triggered one or more “red flags” in the Firm’s anti-money laundering policies. We disagree that the Respondent acted unreasonably.

SD VISta Nature Framework Now Open For Public Consultation - Driving Finance To Activities That Can Help Achieve Critical Biodiversity Outcomes

Date 18/09/2023

Verra has opened up its Nature Framework for a first round of public consultation.

In support of the growing importance of sustainable management and conservation of nature, this asset methodology under Verra’s Sustainable Development Verified Impact Standard (SD VISta) Program aims to certify and incentivize widespread investment in measurable positive biodiversity outcomes benefiting nature and people.

JonesTrading Expands Healthcare Investment Banking Division With Addition Of Senior Leadership James O’Neill & Jack Terranova - Experienced Leadership Will Build On Recent Success

Date 18/09/2023

JonesTrading Institutional Services LLC (“JonesTrading” or “Jones”) announced today the hiring of industry veterans James O’Neill and Jack Terranova. Mr. O’Neill will serve as Managing Director, Co-Head of Investment Banking & Head of Healthcare ECM and Mr. Terranova will serve as Managing Director and Co-Head of Healthcare Investment Banking. Mr. O’Neill and Mr. Terranova each bring over fifteen years of experience and have collectively completed over 500 financings, raising over $20 billion over their careers.

SEC Charges Lyft With Failure To Disclose Board Member’s Financial Interest In Private Shareholder’s Pre-IPO Stock Transaction

Date 18/09/2023

The Securities and Exchange Commission today charged Lyft Inc. for failing to disclose a company board director’s role in a shareholder’s sale of approximately $424 million worth of private shares of Lyft’s stock prior to the company’s initial public offering (IPO).

Registration Is Open: Join The 7th ACER REMIT Forum (5 December 2023)

Date 18/09/2023

ACER invites you to the 7^th REMIT (Regulation on Wholesale Energy Market Integrity and Transparency) Forum – REMIT II: Improving integrity and transparency in wholesale energy markets.

Ontario Securities Commission And AMF Designate CanDeal Benchmark Administration Services Inc. As A “Designated Benchmark Administrator”

Date 18/09/2023

The Ontario Securities Commission (OSC) and the Autorité des marchés financiers (AMF) have designated CanDeal Benchmark Administration Services Inc. as a “Designated Benchmark Administrator” and Term CORRA as a “Designated Interest Rate Benchmark” under Multilateral Instrument 25-102 Designated Benchmarks and Benchmark Administrators (Multilateral Instrument 25-102). The OSC and AMF orders are effective September 15, 2023.

DTCC, Clearstream And Euroclear Call For More Industry Collaboration To Advance Digital Asset Ecosystem - FMIs Issue Industry Paper On Challenges And Opportunities Addressing Constraints Of Scale And Interoperability

Date 18/09/2023

Today, three of the world’s largest financial market infrastructures (FMIs) – DTCC, Clearstream, and Euroclear – released a paper on the state of the industry’s digital asset evolution. The paper calls for increased collaboration to progress an ecosystem that currently includes fragmented standards, varying regulatory treatment, limited integrations with institutional-grade payment rails and siloed liquidity – all limiting factors to the further digitalization of global financial markets.

Outflows Over The Last 9 Weeks Aggregate To Almost US$0.5bn - CoinShares: Fund Flows

Date 18/09/2023

• Digital asset investment products saw outflows totalling US$54m last week, with outflows for 8 out of the last 9 weeks that aggregate to US$455m.
• Bitcoin comprised 85% of the outflows, seeing US$45m last week. Short-bitcoin inflows the prior week proved to be short-lived, with outflows of US$3.8m last week.
• Ethereum saw outflows totalling US$4.8m last week, despite what we believe are attractive investment fundamentals and high demand for its staking yield.

Duco Celebrates 20 Customers Representing More Than Fifty Trillion USD In Total Assets Using Its Cash Solution - Duco’s Cash Solution Helps Banks, Asset Managers And Payment Firms Transition To Intelligent Automation

Date 18/09/2023

Duco, the #1 cloud-based data automation company, today announced that 20 customers representing more than fifty trillion USD in total assets are now using the Duco platform to automate operations and controls on their cash account processes.