News Centre

The Bank Of London Appoints Tam Holmes As Co-President & Group Chief Product Office

Date 30/06/2022

The Bank of London, the next-generation technology company and the world's first purpose-built global clearing, agency, and transaction bank, today announced the appointment of Tam Holmes as its Co-President & Group Chief Product Officer and Member of the Group's Executive Management Committee. As Group Chief Product Officer, Tam is responsible for oversight of the Group's overall customer and product vision, strategy, and innovation.

CFTC Charges South African Pool Operator And CEO With $1.7 Billion Fraud Involving Bitcoin - This Action Is CFTC’s Largest Fraud Scheme Case Involving Bitcoin

Date 30/06/2022

The Commodity Futures Trading Commission filed a civil enforcement action in the U.S. District Court for the Western District of Texas, charging Cornelius Johannes Steynberg of Stellenbosch, Western Cape, Republic of South Africa and Mirror Trading International Proprietary Limited (MTI), a company organized and operated under the laws of the Republic of South Africa, with fraud and registration violations. Steynberg created and operated, through MTI, a global foreign currency commodity pool that only accepted Bitcoin to purchase a participation in the pool, with a value of over $1,733,838,372. This action is the largest fraudulent scheme involving Bitcoin charged in any CFTC case.

Canadian Securities Regulators Extend Comment Period On Mineral Disclosure Consultation

Date 30/06/2022

The Canadian Securities Administrators (CSA) is extending the comment period for its consultation paper on national standards for disclosing scientific and technical information about mineral projects.

EBA Publishes Its Final Guidelines On Data Collection Exercises Regarding High Earners

Date 30/06/2022

The European Banking Authority (EBA) today published its final updated Guidelines on the data collection exercise on high earners, which were originally released in 2012 and revised in 2014. The update of the data collection exercises reflects the amended remuneration framework laid down in the Capital Requirements Directive (CRD), including the introduction of derogations to pay out a part of the variable remuneration in instruments and under deferral arrangements. In addition, the need to update these Guidelines stems from the specific remuneration regime that has been introduced for investment firms and is laid down in the Investment Firms Directive (IFD) and Investment Firms Regulation (IFR).

NGX, GRI And PRI, Collaborate To Boost Awareness On ESG Data Metrics For Sustainable Investing

Date 30/06/2022

Nigerian Exchange Limited (“NGX” or “the Exchange”), Global Reporting Initiative (GRI) Africa and Principles for Responsible Investment (PRI) organized a webinar tagged “Empowering Responsible Investing through Data Metrics and Environmental, Social and Governance (ESG) Integration”, on Wednesday, 29 June 2022.

BIS: Basel Committee Publishes Second Consultation Document On The Prudential Treatment Of Banks' Cryptoasset Exposures

Date 30/06/2022

• The Basel Committee's second public consultation on the prudential treatment of banks' cryptoasset exposures builds on the proposals in the first consultation issued in June 2021.
• Unbacked cryptoassets and stablecoins with ineffective stabilisation mechanisms continue to be subject to a conservative prudential treatment, with a new limit proposed on gross exposures.
• The Committee invites submissions on the proposals by 30 September and aims to finalise the standard around the year-end.

EBA Publishes Its Final Guidelines On The Remuneration And Gender Pay Gap Benchmarking Exercise Under The Capital Requirements Directive And The Investment Firms Directive

Date 30/06/2022

The European Banking Authority (EBA) today published its final Guidelines on the remuneration benchmarking exercise under the Capital Requirements Directive (CRD), which were originally published in 2012 and updated in 2014. The update was necessary to take into account additional requirements introduced by CRD V regarding the application of derogations and the benchmarking of the gender pay gap. The EBA also added guidance to harmonise the benchmarking of approvals granted by shareholders to use higher ratios than 100% between the variable and fixed remuneration. Separate Guidelines on the remuneration and gender pay gap benchmarking exercise are provided for investment firms under the Investment Firms Directive (IFD).

FSB Plenary Meets In Amsterdam

Date 30/06/2022

The Financial Stability Board (FSB) Plenary met today in hybrid format, with some members attending in person in Amsterdam and others attending virtually. The Plenary discussed the outlook for global financial stability against the backdrop of Russia’s continuing war against Ukraine, as well as the FSB’s planned contributions to the July G20 Finance Ministers and Central Bank Governors meeting in Indonesia.

London Stock Exchange Group: Result Of External Audit Tender

Date 30/06/2022

Following the conclusion of a formal tender process for its group audit, London Stock Exchange Group plc (“LSEG”) is pleased to announce that, subject to satisfactory contractual terms, Deloitte LLP will be selected to act as its new auditor.

Chargebacks911 Celebrates 3x Boost To Its Automated Dispute Response Platform With The Addition Of Data Driven AI Enablement - Artificial Intelligence (AI) Combined With Chargebacks911’s Unique Proprietary Consortium Data, Dramatically Enhances Digital Cognition And Data Recognition In Fight Against Fraud

Date 30/06/2022

Chargebacks911, the leading dispute technology specialist that powers chargeback remediation for the largest global eCommerce businesses, as well as the world's financial institutions, today celebrates a 3x boost to its automated dispute response platform. The addition of AI further propels Chargebacks911’s worldwide market advantage, as the leading dispute technology platform.