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  • Steinberg & Cooper Consulting Ltd/Steinberg & Cooper Private Limited Company: BaFin Investigates Offer To Buy Purported Shares In “Porsche AG”

    Date 28/09/2022

    Steinberg & Cooper Consulting Ltd, London – also operating under the name Steinberg & Cooper Private Limited Company – makes unsolicited contact with German investors and offers purported shares in “Porsche AG” for purchase. The company has an online presence with its website steinbergcooper.com, where it also advertises time deposit investments (“investment packages”). BaFin would like to point out that this company is not authorised to offer shares or time deposit investments. The pre-market purchase offers for shares in Dr. Ing. h.c. F. Porsche Aktiengesellschaft do not come from Volkswagen AG or any one of its subsidiaries.

  • Innovation In Post Trade Services - Opportunities, Risks And The Role For The Public Sector − Speech By Sir Jon Cunliffe, Bank Of England Deputy Governor, Financial Stability, Given At AFME Conference, London

    Date 28/09/2022

    In recent years, regulators and central banks have become increasingly focussed on ‘crypto’. No meeting of the international regulatory or central banking community takes place without a discussion of some aspect of the financial products, services and technologies that have come to be labelled ‘crypto’.

  • ESMA: Report On The Review Of The Clearing Thresholds Under EMIR

    Date 28/09/2022

    Reasons for publication

    Regulation (EU) 2019/834 (referred to as EMIR Refit) introduced a mandate in EMIR for ESMA to periodically review the clearing thresholds (CTs) and update them when necessary, in order to ensure that the CTs remain appropriate. That periodic review should be accompanied by a report.

  • europemarket.io trading platform: BaFin investigates Economix

    Date 28/09/2022

    In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that Archax LTD, Sweden, does not have authorisation under the KWG to conduct banking business or provide financial services. The company, which previously also operated the economix.io platform, is not supervised by BaFin. There is no information that indicates any link between Archax LTD and the British company Archax Ltd.; rather, it is likely that the company registered in the United Kingdom has become the target of identity theft.

  • Bank Of England Announces Gilt Market Operation

    Date 28/09/2022

    In line with its financial stability objective, the Bank of England stands ready to restore market functioning and reduce any risks from contagion to credit conditions for UK households and businesses.