News Centre

CFTC Staff Issues No-Action Letter To Korea Exchange, Inc. Concerning The Offer Or Sale Of KOSPI And Mini KOSPI 200 Futures Contracts

Date 17/10/2022

The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) announced today that it will not recommend the Commission take enforcement action against Korea Exchange, Inc. (KRX) for the offer or sale of Korea Composite Stock Price Index (KOSPI) 200 Futures Contracts and Mini KOSPI 200 Futures Contracts to persons located within the U.S. while the Commission’s review of KRX’s forthcoming request for certification of the contracts under CFTC Regulation 30.13 is pending. The letter will be effective October 24. DMO issued a similar letter when the KOSPI 200 became a broad-based security index in 2021.

Federal Court Concludes Receivership In CFTC Ponzi Scheme Action Resulting In The Recovery Of Over $1 Billion

Date 17/10/2022

The Commodity Futures Trading Commission today announced the successful conclusion of the receivership in CFTC v. Walsh, et al., a $1.3 billion Ponzi scheme case the CFTC filed in 2009. [See CFTC Press Release No. 5621-09]. On September 19, the U.S. District Court for the Southern District of New York approved the receiver’s final account and report, discharged the receiver, and accepted the receiver’s request to deposit the remaining receivership funds with the court.

CME Group To Launch U.S. Dollar-denominated TOPIX Futures On November 21

Date 17/10/2022

CME Group, the world's leading derivatives marketplace, today announced it will expand its Tokyo Stock Price Index (TOPIX) futures offerings with the launch of U.S. dollar-denominated TOPIX futures on November 21, 2022, pending regulatory review.

Remarks To The Small Business Capital Formation Advisory Committee, SEC Commissioner Mark T. Uyeda, Oct. 13, 2022

Date 17/10/2022

Thank you, Carla [Garrett]. Good morning and welcome. I have been looking forward to the Advisory Committee convening in-person and I am grateful that we have this opportunity today.

Competent Authorities Have Applied A Risk-Based Approach To The Supervision Of ICT Risk Management, The EBA Analysis Suggests

Date 17/10/2022

The European Banking Authority (EBA) published today the conclusion of its peer review of how competent authorities supervise institutions’ ICT risk management and have implemented the EBA Guidelines on ICT risk assessment under the supervisory review and evaluation process (SREP). Overall, the analysis suggests that the competent authorities across the EU have applied a risk-based approach to the supervision of ICT risk management. The EBA has not identified any significant concerns regarding the supervisory practices but makes some general recommendations for further improvements.

Meeting Investor Demand For High Quality ESG Data, SEC Commissioner Jaime Lizárraga, Oct. 17, 2022, The Future Of ESG Data 2022, London, United Kingdom

Date 17/10/2022

Thank you, Peter, for that kind introduction. It is a pleasure to be here with you today. I look forward to learning from today’s discussion, and appreciate the opportunity to participate in this important exchange of ideas and perspectives.

EBA Issues An Opinion In Response To The European Commission’s Proposed Amendments To The EBA Final Draft Technical Standards On Pillar 3 Disclosures On ESG Risks

Date 17/10/2022

• The Opinion focuses on changes proposed by the European Commission to how the Banking Book taxonomy Alignment Ratio (BTAR) should be disclosed by institutions.
• The EBA accepts these changes as a way to introduce more proportionality but insists on the importance that the BTAR is disclosed as proposed in the ITS to prevent asymmetric treatment of exposures towards counterparties that may have similar levels of climate-related risks.  

FSB Makes Proposals To Achieve Greater Convergence In Cyber Incident Reporting

Date 17/10/2022

The Financial Stability Board (FSB) today published a consultative document on Achieving Greater Convergence in Cyber Incident Reporting. Timely and accurate information on cyber incidents is crucial for effective incident response and recovery and promoting financial stability.

Bank Of England: Energy Markets Financing Scheme Opens Today

Date 17/10/2022

• The ‘Energy Markets Financing Scheme’ opens today to help support viable energy firms with major operations in the UK from the unprecedented volatility triggered by Russia’s illegal invasion of Ukraine.
• These firms will be able to apply for government-backed guarantees to secure commercial financing and meet large margin calls from energy price volatility.
• Following a rigorous approval process, a 100% guarantee will be issued to commercial banks on additional lending for approved firms. The Government will only be liable if a firm defaults on their repayment.

Readout: US Deputy Secretary Of The Treasury Wally Adeyemo’s Meeting With UAE Minister Of State For Financial Affairs

Date 17/10/2022

Deputy Secretary of the Treasury Wally Adeyemo met with His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, and senior officials from the Central Bank of the United Arab Emirates on the sidelines of the Annual Meetings of the IMF and the World Bank. They discussed global macroeconomic trends, financial support for African countries, and the price cap on Russian oil exports. Deputy Secretary Adeyemo also expressed concerns about Russian attempts to evade international sanctions and reiterated the importance of ongoing bilateral cooperation on Anti-money laundering and countering the financing of terrorism issues.