News Centre

The EBA Publishes Roadmap On The Implementation Of The EU Banking Package

Date 14/12/2023

The European Banking Authority (EBA) today published its roadmap on the Banking Package, which implements the final Basel III reforms in the EU. The EBA roadmap aims at strengthening the prudential framework as well as ensuring an international level playing field. It also aims at providing clarity to the industry on how it will develop the mandates implementing the legislation, and how it expects to finalise the most significant components ahead of the application date, on 1 January 2025.

BIS: Basel Committee Consults On Targeted Adjustments To Tighten Its Standard On Banks' Exposures To Cryptoassets

Date 14/12/2023

• Basel Committee publishes consultation on targeted adjustment to its standard on banks' exposures to cryptoassets.
• Adjustments tighten the criteria for stablecoins to receive a preferential regulatory treatment.
• Comments on the proposed adjustments requested by 28 March 2024.

BIS: Cross-Border Crisis Simulation Exercise In Sub-Saharan Africa

Date 14/12/2023

• The Financial Stability Institute conducted a cross-border crisis simulation exercise with financial authorities from eight countries in sub-Saharan Africa.
• The participants coordinated well and developed sound strategies for responding to the bank failure under their domestic frameworks.
• The report on the exercise makes recommendations based on the findings.

Moscow Exchange: Updated Constituents List For OFZ Zero Coupon Yield Curve To Come Into Force On 15 December 2023

Date 14/12/2023

On 15 December 2023, the following updated constituents list for OFZ Zero Coupon Yield Curve will come into force.

Statement Of CFTC Commissioner Christy Goldsmith Romero Before The Agricultural Advisory Committee, Washington, D.C.

Date 14/12/2023

Good morning, and a special thank you to the members of our Agricultural Advisory Committee.  I want to thank Chairman Behnam for sponsoring this Committee, the Designated Federal Officer Swati Shah and other staff.  It’s been a big week for meetings at the Commission, but I think we’ve saved the best for last.

IOSCO Seeks Feedback On Proposed Good Practices To Improve Trading Venues’ Resilience In Case Of Market Outages

Date 14/12/2023

The International Organisation for Securities Commissions (IOSCO), the global standard setter for securities market regulators, today published its Consultation Report on Market Outages.

Emma Black Appointed As New President Of CISI North East Committee

Date 14/12/2023

The CISI is delighted to announce that Emma Black Chartered FCSI, Co-Founder and CEO of Cascade Cash Management, has been appointed new president of the CISI North East Committee. Emma takes over from Peter Douglas Chartered FCSI.

Statement On Jury's Verdict In Trial Of Mykalai Kontilai And Collectors Coffee Inc, Gurbir S. Grewal, Director, SEC Division Of Enforcement

Date 14/12/2023

On Dec. 13, 2023, after a seven-day trial, a jury in the United States District Court for the Southern District of New York found Mykalai Kontilai and his company, Collectors Coffee, Inc. (a/k/a Collectors Café) liable for securities fraud.  Each were found liable in connection with their roles in a fraudulent securities offering and Kontilai’s misappropriation of millions of dollars in investor proceeds.

SEC Obtains Emergency Relief To Halt $191 Million Cattle Ponzi Scheme

Date 14/12/2023

The Securities and Exchange Commission today announced that it obtained a temporary restraining order, asset freeze, the appointment of a receiver, and other emergency relief to halt an ongoing $191 million cattle Ponzi scheme being perpetrated by Fort Worth, Texas company Agridime LLC, which claims to specialize in meat sales, distribution, and animal supply chain management, and its owners, Josh Link of Gilbert, Arizona, and Jed Wood of Fort Worth. The SEC alleges that the defendants diverted millions of dollars of investor funds to make Ponzi payments and to pay undisclosed sales commissions to themselves and others.

CME Group SOFR Open Interest Surpasses Record 60 Million Contracts

Date 14/12/2023

CME Group, the world's leading derivatives marketplace, today announced that open interest in its deeply liquid SOFR complex set a new record of 60,435,467 contracts on December 12, including 48.3 million options contracts and 12.1 million futures contracts. Average daily volume (ADV) in SOFR futures and options this year also reached a record 5.1 million contracts.