News Centre

ITRS Appoints Tim Blunt As Chief Revenue Officer As Part Of Ongoing Growth Strategy

Date 25/04/2023

ITRS, the leading provider of real-time enterprise monitoring and analytics software, today announces the appointment of Tim Blunt as Chief Revenue Officer (CRO) and member of the Executive Leadership Team. The appointment comes as part of ITRS’ plans to significantly scale its growth in the year ahead.

EBA Publishes Final Draft Technical Standards On The Determination Of The Exposure Value Of Synthetic Excess Spread In Synthetic Securitisations

Date 25/04/2023

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) specifying the determination by originator institutions of the exposure value of synthetic excess spread (SES). These draft RTS clarify the calculation of the components that should be included in this exposure value taking into account the relevant losses expected to be covered by SES.

Eric R. Werner Named Director Of Fort Worth Regional Office

Date 25/04/2023

The Securities and Exchange Commission today announced that Eric R. Werner has been named Regional Director of the Fort Worth Regional Office, effective immediately. Mr. Werner is currently the Acting Co-Regional Director and has served as the Associate Regional Director of Enforcement in the Fort Worth office since 2018. He succeeds David L. Peavler, who left the agency in December.

US Treasury Department Announces 2023 De-Risking Strategy

Date 25/04/2023

Today, the U.S. Department of the Treasury issued the 2023 De-risking Strategy, as mandated by Congress in the Anti-Money Laundering Act of 2020. The first of its kind, the Strategy examines the phenomenon of financial institutions de-risking and its causes, and it identifies those greatest impacted. It also offers recommended policy options to combat it.

BIS: Mobile Payments And Interoperability: Insights From The Academic Literature

Date 25/04/2023

Summary

Focus

A functional payment network requires significant infrastructure investment, which often has a public good element. At the same time, market forces may lead to the emergence of a dominant player. We focus on (i) the balance between competition and cooperation between service providers; (ii) the governance of key infrastructures in mobile payments; and (iii) the welfare implications of making mobile payment systems interoperable.

Qualified Custodian Aegis Trust Taps Anthony Botticella As New President - Former CEO Of BitGo Trust Will Lead Aegis Trust’s Operation And Growth

Date 25/04/2023

Aegis Trust, one of the select few digital asset qualified custodians in the U.S. offering client-centric technology infrastructure and regulatory compliant solutions, announced today that Anthony Botticella has been appointed as the new President of the company, as well as its global custodian entities, effective immediately. With over two decades of experience in trust and financial management, Mr. Botticella brings a wealth of expertise and knowledge to his new role.

ESMA: Over 140,000 EEA Issuers And Instruments Rated By CRAs

Date 25/04/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today published its report on the European Union (EU) Credit Ratings market, providing for the first time a cross-market view of credit ratings reported to the EU.

Regulation Of Digital Assets In The UK, Speech By Sarah Pritchard, UK Financial Conduct Authority, Executive Director Of Markets, And Executive Director Of International, At City Week 2023

Date 25/04/2023

Highlights

• Regulation may be able to mitigate some of the harm, but it will not be able to stop all risk in relation to crypto - in particular risk of financial loss. Consumers who buy crypto must be prepared to lose all their money.
• We expect crypto promotions to be treated on a par with other high-risk investments and failure to comply will be a criminal offence.
• We want industry’s input to make sure we get the future regulatory regime for cryptoassets right. We have to have a conversation with policymakers, investors and consumers about the limits of regulation and the appetite for risk.

Monetary Policy: Prices Versus Quantities - Speech By Ben Broadbent, Bank Of England, Deputy Governor, Monetary Policy Given At The National Institute Of Economic And Social Research

Date 25/04/2023

In this speech Ben asks whether the transmission of monetary policy is better understood in terms of its impacts on interest rates and bond yields, on the one hand, or monetary aggregates on the other. He considers the relationship between those aggregates and inflation, both over the past and more recently. He also explains how the MPC takes account of “QT” in its forecasts.

MIAX Sapphire Exchange - Exchange Codes And Important Dates For The Launch Of A New Options Exchange, MIAX Sapphire In Q1 2024

Date 25/04/2023

MIAX will begin with the launch of the electronic exchange which is targeted for Q1 2024 with the physical trading floor to follow, pending SEC approval. Important dates and exchange code information for MIAX Sapphire are included below. Details on the launch of the MIAX Sapphire trading floor will be announced in a future alert.