News Centre

CFTC: Federal Court Orders Florida Man And His Two Entities To Pay Over $16 Million For Fraud, Misappropriation, And Making False Statements To The CFTC

Date 12/04/2023

The Commodity Futures Trading Commission today announced the U.S. District Court for the Southern District of Florida entered a consent order against Damian Castilla on December 6, 2022, and an order for final judgment against DCAST Capital Investments LLC and Five Traders LLC on April 6.

Jeronimo Martins And Inditex Stocks To Be Listed On GlobalConnect

Date 12/04/2023

• Stocks of Jeronimo Martins, the owner of the retail chain brand Biedronka, and Inditex, the owner of popular clothing brands such as Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, will be newly listed on GPW’s foreign stock market GlobalConnect on 18 April 2023
• The stocks will be introduced to trading on GlobalConnect at the request of the Introducing Market Maker, Santander Biuro Maklerskie

CFTC Chairman Behnam To Participate In A Fireside Chat At The DeCenter Spring Conference

Date 12/04/2023

ISDA Response To FCA On Request For Feedback On UK EMIR Refit

Date 12/04/2023

On March 24, 2023, ISDA responded to the Financial Conduct Authority’s (FCA) request for feedback on the proposed validation rules and XML schema under the UK European Market Infrastructure Regulation (EMIR) Refit. The FCA advised that feedback should focus on where the proposed UK EMIR validation rules and XML schemas differ from those of EU EMIR reporting.

BIS: Basel Committee Finds South Africa Largely Compliant With Its Net Stable Funding Ratio Standard And Compliant With Its Large Exposures Framework

Date 12/04/2023

• Basel Committee publishes assessment reports on the implementation of its global standards in South Africa.
• Assessments find South African regulations respectively largely compliant and compliant with the Basel Committee's Net Stable Funding Ratio standard and large exposures framework.
• These publications form part of the Committee's Regulatory Consistency Assessment Programme (RCAP).

Letter To ISDA From UK Security Minister On National Security Bill

Date 12/04/2023

On March 8, 2023, the UK security minister, Rt Hon Tom Tugendhat MP, wrote a letter to ISDA CEO Scott O’Malia to confirm that the UK government has tabled amendments to provisions in the UK National Security Bill. The amendments will mean that foreign entities legitimately acting in their own private interests will no longer be required to register their own activities. These amendments were passed to the House of Lords on Tuesday March 7, 2023.

allpay Limited Reports Record Load And Spend Of £37.5 Million For Prepaid Cards In March

Date 12/04/2023

Leading payment solutions provider, allpay Limited, has announced a significant milestone with its prepaid card programme. In March, the company recorded its largest load and spend for prepaid cards, totalling an impressive £37.5 million. This milestone highlights the increasing demand for prepaid solutions and the growing number of people in receipt of support disbursements.

Monetary And Financial Stability: Lessons From Recent Times - Speech By Governor, Bank Of England, Andrew Bailey, Given At The Institute Of International Finance

Date 12/04/2023

It is a great pleasure to be back in Washington. There is plenty going on and a great deal to talk about, so thank you to the IIF and Oliver Wyman for organising this event. I want to pick out big issues we face, and try to set out how they fit together and the challenges they give rise to.

Salem Five Among Financial Institutions Set To Launch The Fednowsm Service With Fiserv - Nearly 20 Financial Institutions, Including Salem Five, Peoples Bank And Mediapolis Savings Bank, Are Readying To Move The Industry Forward With Commitments To Offer Real-Time Payment Services As Part Of The FedNow Pilot Program

Date 12/04/2023

Fiserv, Inc. and its financial institution clients will continue to advance the availability of real-time payments in the U.S. as part of the pilot of the Federal Reserve’s real-time payments network, FedNowSM, which is expected to launch in July 2023.   Salem Five will be among the first financial institutions to implement the FedNow Service, utilizing NOW® Gateway from Fiserv, a leading global provider of payments and financial technology solutions.

ESAs Propose Amendments To Extend And Simplify Sustainability Disclosures

Date 12/04/2023

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have today published a Consultation Paper with amendments to the Delegated Regulation of the Sustainable Finance Disclosure Regulation (SFDR).