News Centre

CFTC Whistleblower Office Issues Alert Seeking Tips Relating to Carbon Markets Misconduct

Date 20/06/2023

The Commodity Futures Trading Commission’s Whistleblower Office in the Division of Enforcement issued an alert today notifying the public on how to identify and report potential Commodity Exchange Act (CEA) violations connected to fraud or manipulation in the carbon markets. Voluntary carbon markets, among other measures, can support the transition to a low-carbon economy through market-based initiatives in which high-quality carbon credits, also known as carbon offsets, are purchased and sold bilaterally or on spot exchanges. As with any market, there exists the potential for fraud and manipulation.  

Nomination Hearing, Federal Reserve Governor Philip N. Jefferson, Before The Committee On Banking, Housing, And Urban Affairs, U.S. Senate

Date 20/06/2023

Chairman Brown, Ranking Member Scott, and members of the Committee, thank you for the opportunity to appear before you today. I am honored by President Biden's nomination to serve as Vice Chair of the Board of Governors of the Federal Reserve System. If confirmed, I will continue to use my experience and expertise in pursuit of the goals that Congress assigned to the Federal Reserve on behalf of all Americans: maximum employment and price stability.

Nomination Hearing, Federal Reserve Governor Lisa D. Cook, Before The Committee On Banking, Housing, And Urban Affairs, U.S. Senate

Date 20/06/2023

Chairman Brown, Ranking Member Scott, and other members of the Committee, thank you for the opportunity to appear before you today.

I am humbled and honored to have been renominated by President Biden to serve a full 14-year term on the Board of Governors of the Federal Reserve System.

SEC Charges Stanley Black & Decker And Former Executive For Failures In Executive Perks Disclosure - Company’s Self-Reporting And Additional Cooperation Result In Partial Declination Of Charges And No Civil Penalty

Date 20/06/2023

The Securities and Exchange Commission today announced settled charges against Stanley Black & Decker Inc., a publicly traded tools company, for failing to disclose perquisites it provided to certain executives. In addition, Jeffery D. Ansell, a former Stanley Black & Decker executive, agreed to settle charges that he caused Stanley Black & Decker to violate proxy solicitation and books and records provisions of the federal securities laws.

CFTC Commissioner Johnson To Host A Roundtable Of Financial Markets And Banking Supervisors And Market Participants At The Residence Of The US Ambassador To Spain And Andorra In Madrid, Spain

Date 20/06/2023

Nadex Adjusts Trading Hours For Cryptocurrency Products

Date 20/06/2023

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(a) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”), Nadex submitted notice to the Commission that Nadex will amend the hours for trading cryptocurrency contracts on Nadex as described in Nadex Rules 5.18, 12.24 and 12.25. Specifically, Nadex will be amending its market hours to make contracts available for trading from 11:00 p.m. Eastern Time on Friday to 4:15 p.m. Eastern Time on the following Friday, excluding end-of-day processing hours which occur between 5:00 p.m. and 6:00 p.m. Eastern Time on Saturday through Thursday. The change to the new feed will take place on June 23, 2023.

Nadex Adjusts Settlement Window, Index Composition, And Settlement Methodology For Cryptocurrency Products

Date 20/06/2023

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(a) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”), Nadex submitted notice to the Commission that Nadex will adjust the settlement window for both its Bitcoin and Ether Cryptocurrency UpDown Contracts and its Bitcoin and Ether Cryptocurrency Event Contracts from 10 seconds leading up to the calculation time to 60 seconds leading up to the calculation time as described in Nadex Rules 12.24, 12.25, 12.87 and 12.88, respectively. Additionally, Nadex is changing the prices used to calculate its settlement index value from trade prices to midpoint prices between the bid/ask spread. Also, Nadex will use data from the following underlying cryptocurrency exchanges to create the relative Indicative Indices and to calculate Contracts’ Expiration Value in order to settle the Contracts: Binance (US), Gemini, Bitstamp, LMAX Digital, and Bitflyer. The change to the new feed will take place on June 20, 2023.

SIFMA Fixed Income Market Close Recommendations In The U.S., The U.K., And Japan For The U.S. Independence Day Holiday

Date 20/06/2023

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

IFC-NGX Nigeria2Equal Celebrates Private Sector Companies At Gender Leader Awards - Sanwo-Olu, Others, Commend Companies For Promoting Women’s Participation In Leadership, Employment, And Entrepreneurship

Date 20/06/2023

Multiple private sector companies have been recognised in the recent Gender Leader Awards (GLA) ceremony organised by the International Finance Corporation (IFC) in partnership with the Nigerian Exchange Limited (NGX) for their efforts in promoting women’s participation in leadership, employment and entrepreneurship. The Awards, which is part of the Nigeria2Equal program, spotlighted companies for taking concrete actions towards achieving gender balance in leadership, prioritizing childcare and family-friendly workplace policies, and fostering a growth environment for women within organisations and supply chains. The award recipients and participating companies in the Nigeria2Equal program, received their recognition in the presence of private sector business leaders and were commended by the Executive Governor of Lagos state, Mr. Babajide Sanwo-Olu, who headlined the Gender Leader Awards that held in Lagos on Thursday, 15 June 2023.

Canadian Securities Administrator Investor Alert: Some Crypto Websites Use Fake Regulatory And Dispute Resolution Organizations To Appear Legitimate

Date 20/06/2023

The Canadian Securities Administrators (CSA) is warning Canadians to be vigilant about purported crypto trading service providers that are claiming to be authorized or affiliated with fictitious regulatory or dispute resolution organizations.