News Centre

EBA Publishes Final Technical Standards On The Measurement Of Liquidity Risks For Investment Firms

Date 14/11/2022

The European Banking Authority (EBA) today published its final Regulatory Technical Standards (RTS) on specific liquidity measurement for investment firms under the Investment Firms Directive (IFD). These RTS will ensure that all competent authorities follow the same harmonised approach when adopting the decision to impose further liquidity requirements to an investment firm.  

BIS: Crypto Trading And Bitcoin Prices: Evidence From A New Database Of Retail Adoption

Date 14/11/2022

Summary

Focus 

Cryptocurrencies are volatile assets that have gone through multiple boom-bust cycles. To date, people do not use cryptocurrencies widely to make payments, to measure value or to finance real-world investments. Yet despite this, retail investors continue entering into crypto exchanges to trade cryptocurrencies like Bitcoin. What explains this adoption?

Expo 2022 - The Role Of Innovation And Intermediation - Opening Remarks Of Walt Lukken, President And CEO Of FIA, At The FIA Expo 2022 Conference In Chicago.

Date 14/11/2022

Welcome to FIA Expo, and welcome back to the Sheraton. For us old timers, this is FIA’s first event at this location since 1999. 

US Treasury Sanctions Global Russian Military Supply Chain, Kremlin-linked Networks, And Elites With Western Fortunes

Date 14/11/2022

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), alongside the U.S. Department of State, sanctioned a transnational network procuring technology that supports the Russian military-industrial complex. OFAC also designated a global network of financial facilitators, enablers, and others associated with two key Kremlin-linked elites whose fortunes are intertwined with the West. In total, today’s actions designated 14 individuals and 28 entities, and identified eight aircraft as blocked property. 

The New York Stock Exchange Lists Its First ETF On The Big Board In 15 Years

Date 14/11/2022

• PIMCO Active Bond Exchange-Traded Fund begins trading today, making it also the first active ETF to be listed on the NYSE
• Able to leverage the NYSE’s unique floor-based trading model, greater visibility

FSB Announces New Secretary General

Date 14/11/2022

The Financial Stability Board (FSB) has appointed John W Schindler as the new Secretary General of the FSB.

Securities Commission Of The Bahamas Update On FTX

Date 14/11/2022

On 10 November 2022, the Securities Commission of The Bahamas (“the Commission”) applied to the Supreme Court to appoint Mr. Brian Simms, KC as a court supervised provisional liquidator. Further, on 14 November 2022, Messrs. Kevin Cambridge and Peter Greaves of PricewaterhouseCoopers (“PwC”) were approved by the Court as joint provisional liquidators.

CFTC: LedgerX Withdraws Clearing Application

Date 14/11/2022

On Friday, November 11, 2022, counsel for LedgerX LLC, d/b/a FTX US Derivatives (FTX), submitted to the Commodity Futures Trading Commission’s Division of Clearing and Risk a formal withdrawal of FTX’s request, originally submitted on December 6, 2021, to amend FTX’s Amended Order of Registration as a derivatives clearing organization to allow FTX to offer products that are not fully collateralized. The application was not approved.

Chinese Company Sunwoda Electronic Lists Its GDRs On SIX Swiss Exchange

Date 14/11/2022

Today, Sunwoda Electronic Co., Ltd., Shenzhen (PRC) (Ticker "SWD") becomes the seventh company to list Global Depository Receipts (GDRs) on SIX Swiss Exchange.

Trading Technologies Expands Risk Management Offering With Availability Of KRM22 Risk Manager On TT® Platform

Date 14/11/2022

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, and KRM22 plc (AIM: KRM), the technology and software investment company that focuses on risk management for capital markets, today announced that it is making the KRM22 Risk Manager available to customers on the TT platform. The sophisticated real-time post-trade risk service significantly enhances the risk toolset available through TT’s growing ecosystem for futures commission merchants (FCMs), brokers and traders.