News Centre

ISDA And Global Financial Markets Association: Joint Response To BCBS Crypto Standard Amendments Consultation

Date 28/03/2024

ISDA, with the Global Financial Markets Association, the Futures Industry Association, the Institute of International Finance and the Financial Services Forum, submitted a joint response to the Basel Committee on Banking Supervision (BCBS) consultation on proposed cryptoasset standard amendments.  ISDA and the other trade associations welcome the BCBS’s continued focus on designing and improving the prudential framework for cryptoassets.  The key topics in the consultation response include public permissionless blockchains, classification condition 2 and settlement finality and Group 1b eligibility.  The Associations look forward to ongoing collaboration as these markets continue to evolve.

Transforming Data Collection – Bank Of England And UK Financial Conduct Authority Respond To The Phase Two Industry Recommendations And Share Future Strategy

Date 28/03/2024

Overview of the Transformation Plan and joint transformation programme

The Bank of England (the Bank) and the Financial Conduct Authority (FCA) are working together, and with industry, to improve the data collection process for both regulators and firms. 

ETFGI Reports Assets Of US$306.69 Billion Invested In ETFs Listed Globally Providing Exposure To China At The End Of February

Date 28/03/2024

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported assets of US$306.69 billion invested in ETFs listed globally providing exposure to China at the end of February. ETFs and ETPs listed globally providing exposure to China gathered net inflows of US$25.55 billion during February. Total assets invested in ETFs listed globally providing exposure to China have increased year-to-date by 20.7% from US$254.06 billion at the end of January 2024 to US$306.69 billion, according to ETFGI’s February 2024 ETF and ETP China industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Bertolotti Lists On The Professional Segment Of Euronext Growth Milan

Date 28/03/2024

• 5th listing of 2024 on Euronext Growth Milan

• 10th listing on Euronext in 2024

• Market capitalisation is €14.4 million

FTX Founder Sam Bankman-Fried Receives 25-Year Sentence For Multi-Billion Dollar Fraud

Date 28/03/2024

Sam Bankman-Fried, the founder of the now-defunct FTX cryptocurrency exchange, was sentenced to 25 years in prison on Thursday. This sentence was handed down by U.S. District Judge Lewis Kaplan in a Manhattan courtroom for defrauding customers of USD8 billion, marking the culmination of the former billionaire prodigy's swift fall from grace.

EEX Zonal Futures For Nordic Power Derivatives Markets: Successful First Week Of Trading

Date 28/03/2024

The European Energy Exchange (EEX) has launched its new zonal futures products for the Nordic power derivatives markets. To date, the first week has seen a total of 10 trades in the Swedish (SE3) and Danish (DK1) bidding zones, with a total traded volume of 32,811 MWh.

US Department Of Justice: Swiss Commodities Trading Company Pleads Guilty To Foreign Bribery Scheme

Date 28/03/2024

Trafigura Beheer B.V. (Trafigura), an international commodities trading company with its primary operations in Switzerland, pleaded guilty today and will pay over $126 million to resolve an investigation by the U.S. Justice Department into violations of the Foreign Corrupt Practices Act (FCPA), stemming from the company’s corrupt scheme to pay bribes to Brazilian government officials to secure business with Brazil’s state-owned and state-controlled oil company, Petróleo Brasileiro S.A. – Petrobras (Petrobras). 

Finansinspektionen Supervision 29: Advisors Are Not Taking Customers’ Sustainability Preferences Into Account

Date 28/03/2024

Six out of ten say that sustainability is important when saving money. Advisors at banks, investment firms and insurance intermediaries have an obligation to take into account consumers’ sustainability preferences. This does not always happen. Instead, many consumers currently face a risk of investing in products that do not correspond to their expectations when it comes to sustainability. This is the conclusion FI draws from its analysis, and we are now encouraging firms to devote a special focus to this topic.

Bank Of England, Financial Conduct Authority, Prudential Regulation Authority And Payment Systems Regulator Conduct 2023 Review Of Memorandum Of Understanding For Payment Systems In The UK

Date 28/03/2024

The Bank of England (BoE), the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Payment Systems Regulator (PSR) (together ‘the Authorities’) have a joint-authority Memorandum of Understanding (MoU). The MoU continues to set out the high-level framework the Authorities use to cooperate in relation to payment systems in the UK. The Financial Services (Banking Reform) Act 2013 requires the Authorities to review the MoU annually. During 2023, the Authorities carried out their eighth such review.

Sumsub And Mercuryo Release Comprehensive Guide For Cryptocurrency Providers To Navigate Travel Rule Compliance - Virtual Asset Service Providers (VASPs) Are Now Equipped With The Ultimate Navigation Tool Prepared By Industry Experts To Implement The Travel Rule Smoothly While Ensuring Business Growth

Date 28/03/2024

Sumsub, a full-cycle verification provider, has teamed up with Mercuryo, a global payments infrastructure platform, to publish a detailed guide for Virtual Asset Service Providers (VASPs), titled “Mastering Travel Rule Compliance”. The guide covers everything businesses in the digital token space need to know about the Travel Rule and how to implement it effectively to stay compliant.