News Centre

US Treasury’s Federal Insurance Office Continues Efforts On Climate-Related Financial Risks In The Insurance Sector, Joins The NGFS

Date 17/02/2022

The U.S. Department of the Treasury’s Federal Insurance Office (FIO) today announced that it has joined the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). 

Moscow Exchange: Risk Parameters Change For The Security VNT-RM

Date 17/02/2022

As per the Securities market risk parameters methodology, on 17.02.2022, 22-02 (MSK) the lower bound of the price band (up to 1713) and initial margins (up to 31.25 %) for the security VNT-RM were changed.

ISDA Wins Risk’s Innovation In Technology Award For ISDA SA Benchmarking

Date 17/02/2022

ISDA has today been recognized in the Risk Awards 2022 for the ISDA Standardized Approach (SA) Benchmarking initiative, which has won the Innovation in Technology category.

Moscow Exchange: Risk Parameters Change For The Security CROX-RM

Date 17/02/2022

As per the Securities market risk parameters methodology, on 17.02.2022, 20-52 (MSK) the lower bound of the price band (up to 5785) and initial margins (up to 32.5 %) for the security CROX-RM were changed.

CloudMargin Named Collateral Management And Optimisation Product Of The Year In 2022 Risk Markets Technology Awards

Date 17/02/2022

CloudMargin, creator of the world’s first and only collateral and margin management solution native to the cloud, today captured the award for Collateral Management and Optimisation Product of the Year at the 2022 Risk Markets Technology Awards. The firm previously won the category in 2019.

CFTC Charges Hedge Fund Manager With Fraudulent Scheme To Overvalue Investment Funds By $1 Billion

Date 17/02/2022

The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Southern District of New York, charging James R. Velissaris of Atlanta, Ga. with fraud in connection with a multi-faceted scheme to overvalue the assets managed by his multi-billion dollar hedge fund. 

SEC Charges Infinity Q Founder With Orchestrating Massive Valuation Fraud - Defendant Overvalued Fund Assets By More Than $1 Billion, Pocketing Millions

Date 17/02/2022

The Securities and Exchange Commission today charged James Velissaris, the former Chief Investment Officer and founder of Infinity Q Capital Management, with overvaluing assets by more than $1 billion while pocketing tens of millions of dollars in fees.

Civitanavi Systems S.p.A. Lists On Euronext Milan

Date 17/02/2022

• Second listing of 2022 on Euronext Milan

• Civitanavi Systems S.p.A. brings the total number of companies listed on Euronext Milan to 233

• Total placement volume of the offering equal to €34.1 million

BIS: The Regulatory Response To Climate Risks: Some Challenges

Date 17/02/2022

Highlights

• There is a need for authorities to review their prudential frameworks with a view to taking full account of the implications of climate-related financial risks for financial stability.
• Given the longer time horizons and the higher degree of uncertainty associated with the materialisation of climate-related financial risks, standard Pillar 1 instruments might be suboptimal in addressing such risks.
• In contrast, the intrinsic flexibility of the Pillar 2 framework makes it the natural candidate for ensuring that banks effectively manage such risks and have sufficient loss-absorbing capacity against them.
• Applying the current macroprudential framework to contain systemic climate-related financial risks is likely to be ineffective and potentially counterproductive for financial stability. The same could be said of the introduction of a green supporting factor.

Glencore, IXM Metals, StoneX, And William Rowland Join The Atomyze Platform

Date 17/02/2022

• Atomyze AG welcomes four new commodity firms: Glencore, IXM, StoneX, and William Rowland to its growing client roster
• The partnerships set the stage for the tokenization of copper, nickel, and palladium by a platform situated at the heart of Switzerland’s world-leading commodity industry
• Grant Thornton will provide Agreed-Upon-Procedure (AUP) reports on all Atomyze platform transactions