News Centre

SEC Charges Former Financial Industry Analyst And Three Others With Insider Trading

Date 28/09/2023

The Securities and Exchange Commission today announced charges against Anthony Viggiano, a former analyst at a major investment firm and later at an international investment bank, and Christopher Salamone, Stephen A. Forlano, and Nathan Bleckley, for insider trading in advance of numerous merger and acquisition transactions.

A Journey Of 1000 Miles Begins With A Single Step: Filling Gaps In The Central Bank Liquidity Toolkit - Speech By Andrew Hauser, Bank Of England Executive Director For Markets - Given At A Market News International Connect Event, Chartered Accountants’ Hall, London

Date 28/09/2023

Andrew Hauser sets out the Bank’s ambitious plans for tackling systemic risks in market-based finance by developing a new lending tool for non-bank financial institutions, starting with UK insurance companies and pension funds, including newly-resilient LDI funds. The tool, which will require the support of market participants and regulators, will be designed to address dysfunction in core sterling markets in the exceptional circumstances where there is a threat to UK financial stability. It will not absolve firms of their responsibility to maintain robust self-insurance – indeed firms’ ability to access the facility, and the terms they face, will depend on their level of resilience.

UK Financial Conduct Authority Takes Action Against Darren Reynolds And Andrew Deeney Of Active Wealth For Dishonest Pension Transfer Advice

Date 28/09/2023

Mr Reynolds has referred his Decision Notice to the Upper Tribunal where he will present his case. Any findings in his Decision Notice are therefore provisional and reflect the FCA’s view as to what occurred and how it considers his behaviour should be characterised

OCC Welcomes MEMX Options

Date 28/09/2023

OCC, the world's largest equity derivatives clearing organization, today announced that MEMX LLC has become an OCC participant exchange. MEMX LLC began operating its options trading facility, MEMX Options, on September 27, 2023, bringing the total number of OCC’s participant exchanges and trading platforms to 20.

Coty Lists On Euronext Paris

Date 28/09/2023

• Market capitalisation of €10.01 billion

• €339.2 million raised

• 47th listing on Euronext in 2023        

• 11th international listing on Euronext in 2023 (US-based issuer)

• First US company to successfully raise capital via a simultaneous EUR and USD offering at the occasion of a European listing

Safeguarding Forests: Climate Bonds Initiative Unveils Guidance EU Regulation On Deforestation-Free Products - A Roadmap For Sustainable Supply Chains

Date 28/09/2023

Climate Bonds Initiative today released pivotal guidance on the European Union's Regulation on Deforestation-Free Products. This comprehensive guide equips corporates and financial institutions to meet and exceed the EUDR’s requirements, advancing global sustainability standards.

The UK Prudential Regulation Authority Consults On Reforms To The Matching Adjustment As Part Of A Package Of Measures On Solvency II

Date 28/09/2023

The Prudential Regulation Authority (PRA) is consulting today on a significant package of reforms to the Matching Adjustment (MA). This aims to improve the flexibility for life insurers to make more productive, long term investments in the UK economy while supporting safety and soundness and policyholder protection.

ESAs Analyse The Extent Of Voluntary Disclosure Of Principal Adverse Impacts Under The SFDR

Date 28/09/2023

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published their second annual Report on the extent of voluntary disclosure of principal adverse impacts under the Article 18 of the Sustainable Finance Disclosure Regulation (SFDR).

BaFin Investigates Operators Of Website lendowl.co

Date 28/09/2023

The Federal Financial Supervisory Authority (BaFin) warns consumers about the website lendowl.co. According to information available to BaFin, the operator is providing financial and investment services on this website without the required authorisation.

DIFC Announces Consultation On New Digital Assets Law, New Law Of Security And Related Amendments To Select Legislation

Date 28/09/2023

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has proposed to enact a first-of-its-kind Digital Assets Law, a new Law of Security and related amendments to select existing legislation to cater to the requirements of the DIFC’s proposed digital assets regime to other DIFC laws. The proposed legislative enactments, and amendments to existing legislation, aim to ensure DIFC Laws keep pace with the rapid developments in international trade and financial markets arising from technological developments, and to provide legal certainty for investors in, and users of, Digital Assets.