News Centre

Coinbase Releases Fourth Quarter And Full Year 2021 Shareholder Letter

Date 24/02/2022

Coinbase Global, Inc. (the “Company” or “Coinbase”) announced today the release of its fourth quarter and full year 2021 shareholder letter. The letter, including the Company’s financial results, can be found on its Investor Relations website at investor.coinbase.com.

SIFMA Advocacy Team Announces New Hires

Date 24/02/2022

SIFMA today announced Jennifer Jacoby will join the association’s Federal Advocacy team.

U.S. Treasury Targets Belarusian Support For Russian Invasion Of Ukraine

Date 24/02/2022

As part of the United States’ serious and expansive response to Russia’s further invasion of Ukraine, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning 24 Belarusian individuals and entities due to Belarus’s support for, and facilitation of, the invasion. Today’s action focuses on Belarus’s defense sector and financial institutions, two areas in which Belarus has especially close ties to Russia. Belarus has become increasingly reliant on Russia for economic, political, and military support in recent years as the regime has clung to power following the fraudulent August 2020 presidential election.

ICE Announces First Expiry In ICE Midland WTI American Gulf Coast Futures With 1.4 Million Barrels Going To Delivery In March

Date 24/02/2022

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced that ICE Midland WTI American Gulf Coast futures (contract code: HOU) went to its first expiry on February 23, with 1,395 contracts going to expiry, equivalent to 1.4 million barrels, for delivery in March.

U.S. Treasury Announces Unprecedented & Expansive Sanctions Against Russia, Imposing Swift And Severe Economic Costs - United States Acts In Tandem With Partners And Allies To Maximize Consequences For Russia, And In Show Of Unity Against Invasion Of A Sovereign State - Top Ten Russian Financial Institutions Now Under U.S Restrictions; U.S. Ready To Impose Additional Major Costs

Date 24/02/2022

The United States took significant and unprecedented action to respond to Russia’s further invasion of Ukraine by imposing severe economic costs that will have both immediate and long-term effects on the Russian economy and financial system. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today imposed expansive economic measures, in partnership with allies and partners, that target the core infrastructure of the Russian financial system — including all of Russia’s largest financial institutions and the ability of state-owned and private entities to raise capital — and further bars Russia from the global financial system. The actions also target nearly 80 percent of all banking assets in Russia and will have a deep and long-lasting effect on the Russian economy and financial system.

EBA Publishes Final Guidelines On The Limited Network Exclusion Under The Payment Services Directive

Date 24/02/2022

The European Banking Authority (EBA) published today its final Guidelines on the limited network exclusion under the Payment Service Directive (PSD2). These Guidelines clarify how national competent authorities should assess whether a network of service providers or a range of goods and services qualify as ‘limited’ and are, therefore, not subject to the Directive. Payment instruments that might benefit from this exclusion include store cards, fuel cards, public transport cards, and meal vouchers. The Guidelines aim at addressing significant inconsistencies on how this exclusion has in the past been applied across the EU, contributing to the Single Market for payment services in the EU and ensuring transparency for supervisors and customers.

Federal Reserve Board Announces $20.4 Million Penalty Against The National Bank Of Pakistan, A Foreign Bank Operating In The United States And Headquartered In Pakistan, For Anti-Money Laundering Violations

Date 24/02/2022

The Federal Reserve Board on Thursday announced a $20.4 million penalty against the National Bank of Pakistan, a foreign bank operating in the United States and headquartered in Pakistan, for anti-money laundering violations. The Board will also require the firm to improve its anti-money laundering program.

GISI And CISI Celebrate First Students To Complete Ghana’s Finance Licensing Programme

Date 24/02/2022

The Chartered Institute for Securities & Investment (CISI) is delighted to have taken part (23/02) in an Alumni ceremony with the Ghana Investment and Securities Institute (GISI).  This celebrated the inaugural 10 students completing the licensing programme developed by GISI in partnership with the CISI in 2019.

BIS: Estimating Conditional Treatment Effects Of EIB Lending To SMEs In Europe

Date 24/02/2022

Summary

Focus

Small and medium-sized enterprises (SMEs) play a key role in the economy of the European Union. Yet, SMEs often find it more challenging to access finance than their larger peers. The gap between the demand for credit from financially viable SMEs and the actual credit supply, is known as the "SME financing gap". Among international financial institutions, the European Investment Bank (EIB) stands out in terms of annual lending volumes to SMEs. Previous research has shown that EIB-supported lending has a positive effect on the employment levels, size, investments and innovation capacities of SMEs. However, it remains unexplored whether these impacts vary based on different types of recipients, or by the parameters of the financial support – such as the cost of a loan, its maturity or volume.

ESMA Chair Verena Ross Speaks At The EUROFI High Level Seminar 2022

Date 24/02/2022

Today, Verena Ross, ESMA Chair, has delivered a speech at the EUROFI High Level Seminar taking place in Paris on 23, 24 and 25 February 2022.