News Centre

Finansinspektionen: Discussion With Banks On The Right To Open Payment Accounts

Date 16/05/2022

Finansinspektionen has invited several banks to a roundtable discussion on Friday, 20 May, on the right to open payment accounts. The background is that the number of complaints FI is receiving from consumers who are being denied a payment account is increasing. Some also have their accounts blocked or closed.

CFTC Commissioner Mersinger Announces Staff Appointments

Date 16/05/2022

CFTC Commissioner Summer Mersinger announced today that Chris Lucas will serve as Chief of Staff and Counsel, Terry Arbit will serve as Senior Counsel, and Elizabeth (Libby) Mastrogiacomo will serve as Senior Counsel.

READOUT: U.S. Secretary Of The Treasury Janet L. Yellen’s Meetings In Warsaw, Poland

Date 16/05/2022

U.S. Secretary of the Treasury Janet L. Yellen visited Warsaw, Poland from May 14-16.  In meetings with Polish Prime Minister Mateusz Morawiecki and Finance Minister Magdalena Rzeczkowska, Secretary Yellen reiterated the United States’ steadfast support for Ukraine’s sovereignty and welcomed Poland’s strong partnership in holding Russia accountable for its war against Ukraine.  The Secretary expressed her gratitude at the generosity Poland has shown in welcoming refugees fleeing Russia’s illegal war on Ukraine.  The Secretary also discussed the energy situation in Europe and investment screening.

SEC Obtains Emergency Relief To Halt Pre-IPO Stock Fraud Scheme By Unregistered Broker-Dealer - Defendants, Including Persons Barred From The Brokerage Industry, Allegedly Sold Shares They Didn’t Own, And Pocketed More Than $75 Million

Date 16/05/2022

The Securities and Exchange Commission today announced that it obtained asset freezes and other emergency relief against StraightPath Venture Partners LLC, StraightPath Management LLC, Brian K. Martinsen, Michael A. Castillero, Francine A. Lanaia, and Eric D. Lachow (collectively, the defendants) to halt ongoing securities violations, including allegedly selling pre-initial public offering (IPO) shares they did not own, pocketing undisclosed fees, and commingling investor funds, resulting in Ponzi scheme-like payments. The relief arose from fraud and registration charges filed by the SEC.

ESMA Publishes Final Reports On CCP Resolution Regime

Date 16/05/2022

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today published six Final Reports on the central counterparties (CCPs) resolution regime under the CCP Recovery and Resolution Regulation (CCPRRR).

EBA Consults On Standardised Information Requirements To Support Sales Of Non-Performing Loans

Date 16/05/2022

• The EBA is proposing information standardisation to increase efficiencies of the secondary markets for sales of non-performing loans and reduce entry barriers for smaller banks and smaller investors.
• The proposed NPL transaction templates are built on previous voluntary templates and consider the experience of market participants from the sell and buy side.
• The NPL transaction templates are the linchpin for numerous initiatives under the December 2020 European Commission’s action plan for NPL in the aftermath of the COVID-19 pandemic.

US Secretary Of The Treasury Janet L. Yellen Delivers Remarks At The POLIN Museum In Warsaw, Poland

Date 16/05/2022

Today, Secretary of the Treasury Janet L. Yellen visited the POLIN Museum of the History of Polish Jews on the site of the former Warsaw Ghetto.  The Museum showcases the important history of Jews in Poland over the past thousand years and stands directly across from the Monument to the Ghetto Heroes, which commemorates the 1943 Warsaw Ghetto Uprising. Secretary Yellen delivered remarks and laid a wreath at the Monument to the Ghetto Heroes.

Moscow Exchange: The Additional Trading Session Starts Later For Derivatives On 1, 2, 8, 9, 15, 16, 22, 23, 27, 29 And 30 June 2022

Date 16/05/2022

Please note that the Derivatives Market evening trading session will begin five minutes later, i.e. at 7:05 pm MSK, on 1, 2, 8, 9, 15, 16, 22, 23, 27, 29 and 30 June 2022, as these are the last trading days for options contracts (in accordance with clause 6.2, Rules of organized trading for the Moscow Exchange Derivatives Market).

Borsa Istanbul: BIST Stock Indices Ground Rules Have Been Updated

Date 16/05/2022

Click for the announcement.

BaFin - Green Wave Materials Corp.: Suspected Violation Of The Prospectus Requirement

Date 16/05/2022

BaFin has sufficient grounds to suspect that Green Wave Materials Corp., which states that its registered office is in Edmonton, Alberta, Canada, is offering its securities to the public in Germany without the required prospectus.