News Centre

US Office Of The Comptroller Of The Currency Releases CRA Evaluations For 22 National Banks And Federal Savings Associations

Date 11/01/2023

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of September 1, 2022, through November 30, 2022. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance.

ISDA-Clarus RFR Adoption Indicator: December 2022

Date 11/01/2023

The ISDA-Clarus RFR Adoption Indicator increased to 54.3% in December 2022 compared to 50.8% the prior month*. The indicator tracks how much global trading activity (as measured by DV01) is conducted in cleared over-the-counter and exchange-traded interest rate derivatives (IRD) that reference the identified risk-free rates (RFRs) in six major currencies. On a traded notional basis, the percentage of RFR-linked IRD increased to 50.1% of total IRD transacted in December 2022 compared to 47.9% the prior month.

Paul Munter Named Chief Accountant

Date 11/01/2023

The Securities and Exchange Commission today announced that Paul Munter has been appointed Chief Accountant. He has served as Acting Chief Accountant since January 2021. 

EBA Publishes Peer Review On Authorisation Under The Payment Services Directive

Date 11/01/2023

The European Banking Authority (EBA) today published its peer review on authorisation of payment institutions and e-money institutions under the revised Payment Services Directive (PSD2). The review generally found increased transparency and consistency of the information required in the authorisation process. However, it also identified significant divergences in competent authorities’ assessment and the degree of scrutiny of applications. The review, therefore, sets out a series of measures to address such divergencies, to level out the supervisory playing field and to mitigate against ‘forum shopping’.

CFTC Chairman Behnam To Deliver Remarks And Participate In A Fireside Chat At The Commodity Markets Council’s State Of The Industry Conference 2023

Date 11/01/2023

Al Rayan Bank Responds To UK Financial Conduct Authority Fine Over Money Laundering Control Failures

Date 11/01/2023

The UK Financial Conduct Authority announced today that it had fined Al Rayan Bank plc 4 million pounds for failing to put in place adequate controls to prevent money laundering.

ACER Approves The New Automatic Maximum Price Limit Adjustment Mechanism For The European Electricity Spot Markets

Date 11/01/2023

Europe’s spot electricity markets have an automatic maximum price limit adjustment mechanism in case of extraordinary high prices. ACER has approved changes in the methodologies for automatically increasing the maximum price limit in case of price spikes for the day-ahead and intraday markets. The timely adjustment of those price limits is needed to ensure security of supply this winter through optimal short-term dispatch of generation, efficient use of interconnections and to encourage demand response.

Fusion Risk Management Named Leader In Operational Risk Management And Business Continuity Management In G2 Winter 2023 Grid Report - Company Receives Additional Recognition As A High Performer In The Enterprise Grid

Date 11/01/2023

Fusion Risk Management, Inc. (“Fusion”), a leading provider of operational resilience, business continuity, and risk management software and services, today announced it was named a Leader in two categories of the G2 Winter 2023 Grid Report. Fusion received Winter Grid Report badges as a Leader in operational risk management and business continuity management.

BaFin Investigates F.W International (Finance Wise International)

Date 11/01/2023

F.W International (Finance Wise International) establishes unsolicited contact with German customers of the trading platform hoxglobal.com, operated by Trading Global (Hoxton), LTD, and claims to carry on business for the company via its own platform, financewiseint.com. The two websites are almost identical. In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that F.W International (Finance Wise International) does not have authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin. The provider claims to have branches in Germany (Berlin), Cyprus, Australia and the United Kingdom. It also claims to be registered with the Cyprus Securities and Exchange Commission; however, this registration refers to a company called IC Global Markets Ltd. and the registration cannot be verified.

Five Associations Form Industry Alliance To Guide The UK’s Digital Currency Future

Date 11/01/2023

Five associations have come together to form a new alliance – the UK Forum for Digital Currencies (UK FDC) – which will celebrate innovation and collaboration across the payments industry. Members include the City of London Corporation, Digital Pound Foundation, The Payments Association, TheCityUK and UK Finance. The aim of the alliance is to develop better policies, practice and regulation around digital currencies.