News Centre

EBA Sees Progress In The Implementation Of The Supervisory Review And Evaluation Process And Of The Supervisory Priorities For 2021 But Flags Some Areas For Improvement

Date 11/05/2022

The European Banking Authority (EBA) today published its annual Report on convergence of supervisory practices for 2021. Competent Authorities made progress in the implementation of the EBA Guidelines on supervisory review and evaluation process (SREP). The Report also reflects consistent implementation into their supervisory practices of the key supervisory priorities for 2021. However, the Report sets expectations for additional efforts from Competent Authorities on topics such as ICT risks, namely cyber risk and business model challenges and the respective digital transformation. In addition, the Report highlights the need for more harmonised practices in the determination of capital add-ons.

BIS - It Takes Two: Fiscal And Monetary Policy In Mexico

Date 11/05/2022

Summary

Focus

The intertwined channels of fiscal and monetary policy are a challenge for policymakers. By design, the fiscal authority and the central bank decide and implement each form of policy independently. But taking policy decisions without considering the other side can lead to policies that are in conflict with one another. It is thus important to understand how fiscal and monetary policy interact and the nature of the feedback between them.

UK Financial Conduct Authority Reminds Consumers Of The Risks Of Investing In Cryptoassets

Date 11/05/2022

The FCA has seen some recent social media posts regarding cryptoassets and non-fungible tokens (NFTs). The FCA cannot comment on individual products. However, as the FCA has said previously, the FCA has not been given regulatory oversight over direct investments in cryptoassets and NFTs. There are no consumer protections for those who buy any cryptoassets and NFTs, and they are not FSCS protected. As a result, if you buy cryptoassets you should be prepared to lose all the money you invest.

CFTC Announces Voluntary Carbon Markets Convening

Date 11/05/2022

Commodity Futures Trading Commission Chairman Rostin Behnam today announced the first-ever Voluntary Carbon Convening on June 2. The purpose of the meeting is to discuss issues related to the supply and demand for high qMarketsuality carbon offsets, including product standardization and the data necessary to support the integrity of carbon offsets’ greenhouse gas emissions avoidance and reduction claims. Panelists will also discuss issues related to the market structure for trading carbon offsets and carbon derivatives as well as perspectives on the challenges and opportunities in these markets.

Deutsche Börse Group: Business Indicators For April 2022

Date 11/05/2022

Click here to download a summary of Deutsche Börse Group's business indicators for April 2022.

“A ‘New’ New Era:” Prepared Remarks Before The International Swaps And Derivatives Association Annual Meeting, SEC Chair Gary Gensler, Washington D.C., May 11, 2022

Date 11/05/2022

Thank you for the kind introduction. It’s good to be back with the International Swaps and Derivatives Association (ISDA) again.

LuxSE Reports Record Results For 2021 And Announces Alain Kinsch As New Chairman

Date 11/05/2022

At this morning’s annual general meeting of the Luxembourg Stock Exchange (LuxSE), the shareholders of the exchange appointed Alain Kinsch to LuxSE’s board of directors. Alain Kinsch was subsequently elected as Chairman by LuxSE’s board members and takes over from Frank Wagener as of today. Frank Wagener has acted as Chairman of the board of directors of LuxSE since 2011 and announced his plans to retire from this position last year.  

Municipal CUSIP Request Volumes Decline, Certificate Of Deposit Volumes Surge - Short- And Long-Term CDs Continue Four-Month Growth Streak

Date 11/05/2022

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for April 2022. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a monthly decrease in request volume for new municipal identifiers, while requests for new corporate identifiers rose on a monthly basis.

BaFin Investigates Operator Of Trading Platform blokchains.de

Date 11/05/2022

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that the operator of the trading platform blokchains.de does not hold authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin.

Comment By Matt Smith CEO, SteelEye, On Dutch Traders Manipulating The Markets

Date 11/05/2022

Commenting on the fines for Dutch traders using layering, Matt Smith CEO of SteelEye said:
“Layering is a market manipulation tactic used by traders to create a false impression of market liquidity by placing multiple orders at defined price levels (layers). The trader doesn't intend to execute the orders and will be cancel them once the price has moved to a favourable place and a real order has been placed on the opposite side to take advantage of the favourable price movement.”