News Centre

CFTC Commissioner Pham To Speak On A Panel At Singapore FinTech Festival

Date 27/10/2022

The Role Of The UK Financial Conduct Authority In A Changing Regulatory Landscape - Speech By Nikhil Rathi, FCA Chief Executive, Delivered At The Lord Mayor's City Banquet At Mansion House

Date 27/10/2022

Highlights

• Lessons can be learned for better regulatory and risk reporting both internationally and domestically following the disruptive market events in the last year.
• Upfront effort from firms in implementing the Consumer Duty should mean fewer new rules down the line.
• We will continue to embed competitiveness throughout our regulatory approach but it is vital that there is no compromise on consumer protection or market integrity. Those globally high standards are why the UK can be open to innovation.

The EBA Sets Examination Programme Priorities For Resolution Authorities For 2023

Date 27/10/2022

The European Banking Authority (EBA) published today the European Resolution Examination Programme (EREP) for 2023, which identifies key topics for resolution attention across the European Union. The EREP is aimed at shaping resolution authorities` work priorities and respective practices.

BIS: Triennial Survey Shows Global Foreign Exchange Trading Averaged $7.5 Trillion A Day In April 2022, OTC Interest Rate Derivatives $5.2 Trillion

Date 27/10/2022

• The 2022 Triennial Central Bank Survey shows foreign exchange (FX) trading rose to $7.5 trillion per day in April 2022 and trading of over-the-counter (OTC) interest rate derivatives dropped to $5.2 trillion per day, compared with 2019
• The US dollar maintained its place as the dominant currency, being on one side of 88% of all FX trades in April 2022 and 44% of global turnover of interest rate derivatives
• Sales desks in the United Kingdom remained the most important for both FX exchange and interest rate derivatives, although other locations' shares are growing

Apifiny Connect To Support Perpetual Futures Trading With Binance

Date 27/10/2022

Apifiny, (https://www.apifiny.com/), the multi-exchange crypto trading platform, announced today the launch of perpetual futures trading with Binance, available through Apifiny Connect. The move to broaden Apifiny’s offerings and introduce derivative trading will benefit sophisticated institutional traders who are looking for hedging and risk management options for their crypto portfolio.

Remarks Of CFTC Commissioner Christy Goldsmith Romero Before The International Swaps And Derivatives Association’s Crypto Forum 2022, New York

Date 27/10/2022

Thank you ISDA for the opportunity to speak to your members about cryptocurrency.  I taught law students about cryptocurrency in my advanced securities regulation course at Georgetown Law School, and then a cryptocurrency regulation course at the University of Virginia Law School.  Cryptocurrency was of natural interest given my decade as the Special Inspector General over TARP. 

Bank Of England - BIS Triennial Survey Of Foreign Exchange And Over-The-Counter Interest Rate Derivatives Markets In April 2022 – UK Data: Results Of Our Latest Survey Of Turnover In The Markets For Foreign Exchange And Over-The-Counter Interest Rate Derivatives

Date 27/10/2022

In April this year, central banks and monetary authorities in 52 countries, including the United Kingdom, conducted the latest triennial survey of turnover in the markets for foreign exchange and over-the-counter (OTC) interest rate derivatives. The survey is co-ordinated on a global basis by the Bank for International Settlements (BIS), with the aim of obtaining comprehensive and internationally consistent information on the size and structure of the corresponding global markets. The Bank of England conducted the UK survey, which covers the business of leading financial institutions located within the United Kingdom in these markets.

Net Profit Of Dubai Financial Market Company Company Up 133% To AED 89 Million In The First Nine Months Of 2022

Date 27/10/2022

• Total Market Capitalization up 40% to AED 575.5 billion
• New listings deepen and diversify the market
• Total trade value increased by 79% to AED 69.5 billion
• Foreign investors accounted for 47.3% of trade value with net purchase of AED 3.2 billion
• DFM investor base exceeds one million investors for the first time ever
• Number of new investors increases 41 times to 155,060 investors

SEC Updates List Of Firms Using Inaccurate Information To Solicit Investors

Date 27/10/2022

The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 35 soliciting entities, four impersonators of genuine firms, and four bogus regulators.

Nasdaq Quarterly ESG Report: Differentiating Amongst The Crowd

Date 27/10/2022

With the help of Nasdaq's proprietary Natural Language Processing (NPL) tools, data shows that the earnings call has solidified its spot as a key venue for issuers to communicate their ESG strategy. As we head towards a future where more companies are discussing ESG on their earnings call, it's the companies that watch the data on both an aggregate and sector levels that may be best positioned to differentiate themselves amongst the crowd.