FTSE Mondo Visione Exchanges Index:
News Centre
-
Date 18/06/2024
8th Bilateral Monetary Authority Of Singapore-China Securities Regulatory Commission Roundtable Fosters Greater Cooperation In Capital Markets Activities
The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) affirmed their commitment to strengthen supervisory cooperation and enhance collaboration in capital markets at their annual supervisory roundtable held on 14 June 2024. The roundtable was co-chaired by MAS’ Deputy Managing Director (Financial Supervision) Ms Ho Hern Shin and CSRC’s Vice Chairman Mr Chen Huaping.
-
Date 18/06/2024
Monetary Authority Of Singapore: The Start Of Financial Transparency Corridor (FTC) Initiative between Singapore And Cambodia
The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) today announced the start of the Financial Transparency Corridor (FTC) initiative between Singapore and Cambodia. The FTC commemoration event was held at Istana, Singapore, and was presided over by His Excellency Lawrence WONG, Prime Minister of Singapore and Samdech Moha Borvor Thipadei HUN Manet, Prime Minister of the Kingdom of Cambodia, during the official visit by the Prime Minister of the Kingdom of Cambodia to Singapore from June 18 to 19, 2024.
-
Date 18/06/2024
A Transformative Experience, Federal Reserve Governor Lisa D. Cook, At The 2024 Marshall Forum: A U.S.-U.K. Strategic and Economic Dialogue, Chicago, Illinois
Thank you, John. And thank you to the Marshall Aid Commemoration Commission and the commissioners for this most extraordinary honor. To be mentioned alongside previous Marshall Medal recipients, such as Secretary Madeleine Albright, Secretary Colin Powell, Justice Stephen Breyer, and eminent political scientist and university president Nan Keohane, is humbling. The distinction is especially meaningful to me, because I have taken great pride in being a Marshall Scholar from the moment I was selected during my senior year at Spelman College. In the years since, I have enjoyed meeting and being inspired by Marshall Scholars throughout the country and around the world. I also have enjoyed reviewing the applications of future Marshall Scholars, one way in which I have taken seriously the responsibility to serve as an ambassador for the program. I look forward to continuing to serve in such an ambassadorial role as a Marshall Medal recipient. Again, I am beyond grateful to the Commission for the truly humbling and thrilling honor.
-
Date 17/06/2024
CFTC To Hold A Commission Open Meeting June 24
Commodity Futures Trading Commission Chairman Rostin Behnam today announced the Commission will hold an open meeting on Monday, June 24 at 9:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters. Members of the public can attend the meeting in person, listen by phone, or view a live stream at CFTC.gov.
-
Date 17/06/2024
CFTC Awards Over $8 Million To Insider Whistleblower Who Aided CFTC And Other Agency Actions
The Commodity Futures Trading Commission today announced it awarded over $8 million to one insider whistleblower who provided significant information and assistance that led the CFTC and other agencies to bring multiple enforcement actions. The whistleblower helped the CFTC establish that one or more derivatives market participants deceived clients about key aspects of trades.
-
Date 17/06/2024
Statement Of CFTC Commissioner Caroline D. Pham Regarding Settlement Order With Trafigura Trading LLC
Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. Pham released the following statement regarding the CFTC’s administrative order regarding Trafigura Trading LLC announced today:
“While I commend the CFTC Division of Enforcement for their efforts to pursue manipulation in global markets, the Commission inappropriately tacks on an additional charge to fly under the radar with a wholly new interpretation of a 7-year-old rule that has never been the subject of a staff advisory or other notice to the public since it was issued. I’m incredibly grateful for those whistleblowers that report bad actors–often at great risk to their own wellbeing. Of course, we should always encourage open lines of communications and prevent whistleblowers from being silenced. But this settlement order essentially wordsmiths job offer letters and other employment-related agreements with confidentiality provisions for commodity firms around the world that have no CFTC registration requirements and other market participants. Because the settlement order not only inaccurately uses the term “non-disclosure agreements,” but also fails to include important details about what contractual language the CFTC thinks violates Regulation 165.19, companies and lawyers all over the world are left playing a guessing game to revise tens or hundreds of thousands of documents for both current and former employees that fail to include a carve-out for the magic words “Commodity Futures Trading Commission.” I made numerous requests for examples of the agreements that the CFTC found violative, and I received only one job offer letter and one separation agreement. Only the job offer letter had language requiring written pre-approval from the firm regarding confidential information, similar to prior SEC—not CFTC—enforcement actions, but it also had two savings clauses that voided any language that may violate any law or regulation whether current or prospective. In addition, the firm did not enforce these confidentiality provisions and the separation agreement actually required cooperation in government investigations. Let me be clear: These were not “non-disclosure agreements” as is commonly understood by in-house lawyers and external legal counsel. The Commission once again overreaches in its zeal to fine millions of dollars for technical issues like nitpicking legal documents in the absence of a firm taking any action to “enforc[e] [] confidentiality and pre-dispute arbitration clauses respecting actions by potential whistleblowers in any pre-employment, employment or post-employment agreements” as stated in the Commission’s only interpretation of Regulation 165.19 to date, in its 2016 proposed rulemaking. As I keep reminding the Commission, we are not the SEC, and the SEC’s orders or precedents do not provide sufficient notice to the public for CFTC interpretations because we are a different agency with a different statute, regulations, and markets."
-
Date 17/06/2024
FIA May 2024 SEF Tracker
Trading volume on swap execution facilities reached $1.14 trillion in average notional value per day during May 2024. This was down 12.4% from the previous month but up 29.6% from the same month of the previous year. Compared to April 2024, trading was down in every category.
-
Date 17/06/2024
CFTC Commissioner Mersinger To Participate On A Panel At The Futures Industry Association’s International Derivatives Expo
WHAT:Commissioner Summer K. Mersinger will participate in the Commodities Markets in Transition Panel at the Futures Industry Association’s International Derivatives Expo.WHEN:
Wednesday, June 19, 2024
1:30 p.m. – 2:15 p.m. (GMT)
8:30 a.m. – 9:15 a.m. (EDT)WHERE:
Park Plaza Westminster Bridge London
200 Westminster Bridge Rd
London
SE1 7UT
United KingdomMore Information here: International Derivatives Expo | FIA
-
Date 17/06/2024
US Office Of The Comptroller Of The Currency Announces Enforcement Actions For June 2024
The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises.
-
Date 17/06/2024
Concurring Statement Of CFTC Commissioner Summer K. Mersinger Regarding Settlement With Trafigura Trading LLC
I respectfully concur on the Commission’s enforcement action settling charges against Trafigura Trading LLC (“Trafigura”). But I cannot fully support it because once again, we are falling victim to regulating by enforcement, this time through a first-of-its-kind-charge under Regulation 165.19(b) of the Commission’s Whistleblower Rules. While I am a strong proponent of our whistleblower program, the Commission’s decision to bring this specific charge is inconsistent with the regulation’s text and prior Commission statements regarding the regulation’s intent.