News Centre

The EBA Has Designed An Efficient Framework For Reporting Of Deposits Subject To Russian And Belarusian Economic Sanctions

Date 10/05/2022

• To assist the European Commission, the EBA has designed a template for the reporting of deposits falling under the economic sanctions against Russia and Belarus.
• The template can be used on a voluntary basis by the relevant national competent authorities and by the Commission.
• While this template is not part of the EBA supervisory reporting framework, it is built on the EU common reporting approach and concepts familiar to the EU credit institutions.

ESAs Call For Improvements In Product Descriptions Intended For Retail Investors

Date 10/05/2022

The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) issued today a joint supervisory statement regarding the ‘What is this product?’ section of the key information document (KID) for packaged retail and insurance-based investment products (PRIIPs). The expectations put forward in the supervisory statement aim at improving the quality of descriptions provided by PRIIPs manufacturers and thereby contribute to better protection of retail investors. 

CryptoCompare Exchange Review April 2022: BTC Spot Trading Into USD Drops 26% In April

Date 10/05/2022

The cryptocurrency markets declined in April as Bitcoin and Ethereum closed the month at $37,650 and $2,727 (down 17.3% and 16.9% since March, respectively). This reflects the continued macroeconomic uncertainty following the war in eastern Europe and accelerating inflation figures across the globe. 

Apifiny Launches Smart Order Routing For Institutional Traders - The SOR Feature Addresses Critical Crypto Market Fragmentation By Enhancing The Capabilities Of Multi-Exchange Trading Through A Single API and account

Date 10/05/2022

Apifiny (https://www.apifiny.com/), the global cross-exchange digital asset trading network, today announced the launch of its new Smart Order Routing (SOR), an advanced feature that allows institutional traders to automate and route orders across Apifiny’s 20+ connected exchanges for best price execution. The launch of SOR comes as Apifiny continues to ramp up product development ahead of its planned merger with Abri SPAC Inc. (Nasdaq: ASPA, ASPAW, ASPAU) in Q3 2022. 

ACER To Decide On The Alternative Bidding Zone Configurations

Date 10/05/2022

Following the results of the Locational Marginal Pricing (LMP) analysis carried out by Transmission System Operators (TSOs), the EU Agency for the Cooperation of Energy Regulators (ACER) has initiated the procedure to decide on the TSOs’ proposal of alternative bidding zone configurations. 

Testimony Of US Secretary Of The Treasury Janet L. Yellen Before The Committee On Banking, Housing, And Urban Affairs, U.S. Senate

Date 10/05/2022

Thank you, Chairman Brown, Ranking Member Toomey, and Members of the Committee. I am pleased to speak with you today about the Financial Stability Oversight Council’s (Council) 2021 annual report. The report is a collaborative effort of the Council member agencies. It is a vehicle for providing Congress and the public with the Council’s collective assessments of potential risks to U.S. financial stability. Today, I will highlight a few topics in the report and provide an update on the Council’s activities since the report’s publication.

The American Financial Exchange (AFX) Launches New AMERIBOR® Interest Rate - Advertising Campaign; Survey Reveals More Education On Choice In Benchmarks Needed

Date 10/05/2022

The American Financial Exchange (AFX) today announced a new advertising campaign to raise awareness of AMERIBOR® - a credit-sensitive interest rate that is a leading successor to the LIBOR interest rate benchmark. 

Wilshire Adds CrossTower, Okcoin and eToroX To Its Digital Asset Blended Price Methodology And Launches 25 New Indexes

Date 10/05/2022

Wilshire, a global investment technology and advisory company, today announced that CrossTower, Okcoin, and eToroX have been promoted from ‘watchlist’ to ‘contributing’ exchanges. Contributing exchanges help facilitate price discovery through the FT Wilshire Digital Asset Index Series which now features 38 blended price, multi-coin indexes.

Talos Raises $105 Million Series B Funding Round As Institutional Adoption Of Digital Assets Accelerates - The Funding Round, Led By General Atlantic, Values The Institutional Digital Asset Technology Provider At $1.25 Billion

Date 10/05/2022

Talos, the premier provider of institutional digital asset trading technology, today announced a $105 million Series B funding round that values the company at $1.25 billion. The round was led by global growth equity firm General Atlantic with participation from veteran investors in both the traditional finance and digital asset spaces. New investors including Stripes, BNY Mellon, Citi, Wells Fargo Strategic Capital, DRW Venture Capital, SCB 10x, Matrix Capital Management, Fin VC, Voyager Digital, Graticule Asset Management Asia (GAMA) and LeadBlock Partners joined the round.

Exegy Acquires Enyx, Expands Global FPGA Leadership - Companies’ Combined Product Suite Eliminates The ‘Build Or Buy’ Dilemma For Firms

Date 10/05/2022

Exegy Incorporated, a leading provider of front-office trading solutions differentiated by hardware acceleration, predictive analytics, and premium managed services, today announced it has acquired Enyx, a leading developer of FPGA-based, high-performance trading solutions. The transaction was supported by Marlin Equity Partners, a global investment firm with over $8.1 billion of capital commitments under management. Operating as Exegy Inc., the combined company is the only global firm offering a product suite that leverages low-latency field-programmable gate array (FPGA) technology at all stages of the trading lifecycle.