News Centre

Canadian Securities Regulators Highlight CSA 2019-2022 Business Plan Achievements

Date 16/06/2022

The Canadian Securities Administrators (CSA) today released its Achievement Highlights report that summarizes the progress made on the strategic initiatives published in the CSA 2019-2022 Business Plan.

The Updated Coefficients For Moscow Exchange Indices To Come Into Force

Date 16/06/2022

The following coefficients for Moscow Exchange indices come into force from June 17, 2022:

BIS - Miners As Intermediaries: Extractable Value And Market Manipulation In Crypto And DeFi

Date 16/06/2022

Key takeaways

• Cryptocurrencies such as Ethereum and decentralised finance (DeFi) protocols built on them rely on validators or "miners" as intermediaries to verify transactions and update the ledger.
• Since these intermediaries can choose which transactions they add to the ledger and in which order, they can engage in activities that would be illegal in traditional markets such as front-running and sandwich trades. The resulting profit is termed "miner extractable value" (MEV).
• MEV is an intrinsic shortcoming of pseudo-anonymous blockchains. Addressing this form of market manipulation may call for new regulatory approaches to this new class of intermediaries.

CFTC Commissioner Pham To Deliver A Keynote Address At The Nasdaq Technology Of The Future Conference

Date 16/06/2022

BIS - Corporate Digital Identity: No Silver Bullet, But A Silver Lining

Date 16/06/2022

Corporate digital identity (ID) has the potential to dramatically simplify the identification and verification of companies and to reduce the risks and costs of doing business. It forms a kind of admission ticket for a company to access financial and non-financial services while at the same time enhancing access to information about the company for counterparties, customers, regulators and financial services providers.

SEC Charges Firm And Five Brokers With Violations Of Reg BI - Brokerage Firm Sold $13.3 Million Worth Of High-Risk Bonds To Retirees And Other Retail Investors

Date 16/06/2022

The Securities and Exchange Commission today charged registered broker-dealer Western International Securities, Inc. and five of its registered representatives, or brokers – Nancy Cole, Patrick Egan, Andy Gitipityapon, Steven Graham, and Thomas Swan – with violating Best Interest Obligation regulations (commonly referred to as Regulation Best Interest or Reg BI) when they recommended and sold an unrated, high-risk debt security known as L Bonds to retirees and other retail investors. From July 2020 through April 2021, Western sold an aggregate of $13.3 million of L Bonds.

FSB Sub-Saharan Africa Group Discusses Climate-Related Risks, Cross-Border Payments And Crypto-Assets

Date 16/06/2022

The Financial Stability Board (FSB) Regional Consultative Group (RCG) for Sub-Saharan Africa held their first in-person meeting since the onset of the COVID-19 pandemic, hosted by the Bank of Ghana in Accra. 

Trading Venue Perimeter: Related Market Data Issue And A Viable Alternative - By Kelvin To, Founder And President Of Data Boiler Technologies

Date 16/06/2022

Economically, an Alternative Trading System (ATS) may not afford to subscribe to every Exchange’s proprietary feed. ATSs use a mix of SIP feed, selected choice of proprietary feed(s), and vendor solutions to navigate the market in finding suitable liquidity for their clients. Instead of mandating ATSs to source market data other than the published data provided by the SROs, the SEC should consider extending the market data infrastructure rule - latency neutralization concept across Exchanges, ATSs, and Self-Aggregators. To achieve this and the protected-quote requirements we advocate for the use of time-lock encryption to make market data available securely in synchronized time. Be assured this is not another speed bump; time-lock would ensure no premature decryption of data.

Smarsh AI-Powered Enterprise Platform Enables Compliance Teams To Monitor 100+ Communications Channels, Spot Regulatory Risks Sooner - Leading Software-As-A-Service (Saas) Platform Delivers Unrivaled Communications Intelligence Capabilities, Making Compliance Management Easier And Cutting Compliance Retention Costs By Up To 50%

Date 16/06/2022

Smarsh, the global leader in digital communications compliance and intelligence, announced today the latest release of the Smarsh Enterprise Platform. The platform is designed to meet the unique needs of global compliance programs by providing centralized management and governance across all channels of communication - including email, social media, instant messaging and voice.

ACER’s Draft Framework Guideline On Demand Response Is Open For Public Consultation Until 2 August 2022

Date 16/06/2022

The EU Agency for the Cooperation of Energy Regulators (ACER) has been mandated by the European Commission to draft and submit a non-binding framework guideline on demand response.