News Centre

Customer Alert Regarding CFTC v. Traders Domain FX Ltd

Date 14/11/2024

The Commodity Futures Trading Commission’s Division of Enforcement today alerts customers on how to respond to a civil enforcement action it filed Sept. 30, against Traders Domain FX Ltd., and other defendants.

CCP Global - The Global Association of Central Counterparties - Welcomes Abaxx Commodity Futures Exchange And Clearinghouse As A CCP Global Observer Member.

Date 14/11/2024

At the monthly CCP Global Executive Committee Meeting in November 2024, the Executive Committee accepted Abaxx Commodity Futures Exchange and Clearinghouse (“Abaxx”) as an Observer Member of CCP Global. Abaxx, consisting of MAS-licensed Abaxx Exchange and Abaxx Clearing as recognised market operator and approved clearing house respectively, is a Singaporebased commodity futures exchange and clearing house that introduces centrally cleared, physically deliverable commodities futures and derivatives to provide better price discovery and risk management tools for the commodities critical to the transition to a lower-carbon economy. In particular, Abaxx Clearing provides central clearing, mitigates counterparty credit risk and completes the full-service offering of Abaxx Exchange.

UK Chancellor Fires Up Financial Services Sector To Drive Growth - Chancellor To Announce Package Of Reforms To Ensure The UK’s Status As A Global Powerhouse For Financial Services In Her First Mansion House Speech

Date 14/11/2024

• Reeves to say regulatory changes post-financial crisis created a system which sought to eliminate risk taking ‘that has gone too far’ and led to unintended consequences. 
• Growth focused remit letters sent to regulators and first-ever Financial Services Growth and Competitiveness Strategy to be published.

CCP Global - The Global Association Of Central Counterparties = Welcomes SIX As A CCP Global Observer Member

Date 14/11/2024

At the monthly CCP Global Executive Committee Meeting in November 2024, the Executive Committee accepted SIX as an Observer Member of CCP Global. SIX, registered with ESMA and under supervision of FINMA, is a leading provider of financial market infrastructure and services in Switzerland and Spain, including in particular two CCPs, SIX x-clear and BME Clearing.

SIFMA Fixed Income Market Close Recommendations In The U.S., The U.K., And Japan For Thanksgiving Day

Date 14/11/2024

SIFMA confirmed its previous recommendations for the U.S., the U.K., and Japan in observance of the U.S. Thanksgiving Day holiday.

The EBA Issues An Opinion In Response To The European Commission's Proposed Amendments To The EBA Final Draft Technical Standards On Supervisory Reporting And Pillar 3 Disclosures

Date 14/11/2024

The European Banking Authority (EBA) today published an Opinion on the amendments proposed by the European Commission to the EBA final draft Implementing Technical Standards (ITS) on public disclosures by institutions and supervisory reporting under the revised Capital Requirements Regulation (CRR3). The EBA acknowledges that the Commission’s proposal provides some flexibility compared to the current version of the ITS and accepts it as an intermediate step. The Commission and the EBA will continue to work together to better articulate and further operationalise these ITS.

Canadian Securities Regulators Issue Guidance Regarding Disruption Of Mail Service

Date 14/11/2024

In light of the possibility of a Canada-wide postal disruption starting as early as Friday, November 15, 2024, the Canadian Securities Administrators (CSA) recommends that all stakeholders required to deliver materials to any CSA member, as well as deliver documents to security holders, contact or visit their local securities regulator website for guidance regarding prescribed delivery obligations.

Growth − Speech By Andrew Bailey, Governor, Bank Of England, Given At The Mansion House Financial And Professional Services Dinner

Date 14/11/2024

In this speech, Andrew discusses growth in the economy and why it matters. He poses five questions on what we should do to tackle issues of potential supply, and support growth in the economy in the future.

ESMA Is Collecting Data On Costs Linked To Investments In AIFs And UCITS

Date 14/11/2024

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is launching a data collection exercise together with the national competent authorities (NCAs), on costs linked to investments in AIFs and UCITS.

CFTC Commissioner Mersinger To Participate On A Panel At Catholic Law On Capitol Hill: The Future Of Banking

Date 14/11/2024